M&A Deal Summary

ABRY Partners Acquires Direct Travel

On December 2, 2015, private equity firm ABRY Partners acquired business services company Direct Travel from Silver Oak Services Partners

Acquisition Highlights
  • This is ABRY Partners’ 13th transaction in the Business Services sector.
  • This is ABRY Partners’ 91st transaction in the United States.
  • This is ABRY Partners’ 4th transaction in Colorado.

M&A Deal Summary
Date 2015-12-02
Target Direct Travel
Sector Business Services
Buyer(s) ABRY Partners
Sellers(s) Silver Oak Services Partners
Deal Type Secondary Buyout

Target

Direct Travel

Centennial, Colorado, United States
website
Direct Travel is a corporate travel management provider offers outsourced booking and management of employee air travel, transportation and accommodations, focusing on mid- to large-sized corporate accounts. Direct Travel was founded in 1980 and is based in Centennial, Colorado.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 103 of 169
Sector (Business Services) 13 of 21
Type (Secondary Buyout) 24 of 39
State (Colorado) 4 of 7
Country (United States) 91 of 144
Year (2015) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 One Source Networks

San Antonio, Texas, United States

One Source Networks, Inc. is a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and managed communication services to Fortune 1000 companies.

Sell $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 FLS

Montreal, Quebec, Canada

FLS is a non-asset based freight brokerage company in North America and a freight brokerage company in Canada. The Company’s principal line of business is acting as a third-party logistics (3pl) provider offering freight brokerage services to shippers requiring truckload capacity in the United States and Canada. FLS also provides logistics solutions to the less-than-truckload, intermodal, and air & ocean freight forwarding markets for its approximately 2,300 North American customers. FLS is able to provide an industry level of customer service largely through its extensive relationships with approximately 42,300 truckload carriers, with many of which it has been doing business for over a decade. FLS is based in Montreal, Quebec.

Buy -

Seller(S) 1

SELLER

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.

DEAL STATS #
Overall 12 of 23
Sector (Business Services) 6 of 7
Type (Secondary Buyout) 4 of 9
State (Colorado) 2 of 2
Country (United States) 12 of 23
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 BBG

Dallas, Texas, United States

BBG is a provider of commercial real estate appraisals, appraisal management services, environmental and property assessments, and related advisory services. BBG was founded in 1992 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 CCS

Denver, Colorado, United States

CCS is a provider of commercial janitorial services. CCS provides a full range of janitorial services focused on commercial customers, including end markets such as single and multi-tenant offices, healthcare, education, industrial, government and residential communities. CCS was founded in 1988 and is based in Denver, Colorado.

Buy -
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