M&A Deal Summary

BlackRock LTPC Acquires Summit Companies

On September 20, 2021, private equity firm BlackRock LTPC acquired business services company Summit Companies from CI Capital Partners

Acquisition Highlights
  • This is BlackRock LTPC’s 1st transaction in the Business Services sector.
  • This is BlackRock LTPC’s 4th transaction in the United States.
  • This is BlackRock LTPC’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2021-09-20
Target Summit Companies
Sector Business Services
Buyer(s) BlackRock LTPC
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout

Target

Summit Companies

Mendota Heights, Minnesota, United States
website
Summit Companies is a provider of fire and life safety service and installation company. Summit's end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

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Buyer(S) 1

Buyer
DESCRIPTION

BlackRock LTPC is the direct investing arm of asset manager and financial services company BlackRock. The Group looks to make long-term, control investments of at least $500 million in large companies throughout North America and Western Europe. BlackRock LTPC is based in New York, New York.


DEAL STATS #
Overall 5 of 10
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 2 of 5
State (Minnesota) 1 of 1
Country (United States) 4 of 7
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Outcomes

Orlando, Florida, United States

Outcomes is a developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care, and specialty pharmacy markets across the United States, Mexico, and the Caribbean. Outcomes offers software solutions to enable insurance claims processing, e-prescription connectivity, pharmacy workflow management, and other critical functions for its pharmacist customers. Outcomes was formed in 1977 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Tata Power Renewable

Mumbai, India

Tata Power Renewable develops, constructs and operates wind and solar power assets. Tata Power Renewable is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor

website


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 23 of 27
Sector (Business Services) 3 of 4
Type (Secondary Buyout) 10 of 14
State (Minnesota) 2 of 2
Country (United States) 20 of 24
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 SavATree

Bedford Hills, New York, United States

SavATree is a provider of tree care, plant health care, and lawn care services to residential, commercial, and government customers. SavATree was founded in 1984 and is based in Bedford Hills, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Cadmus

Waltham, Massachusetts, United States

Cadmus is a provider of professional consulting services that help clients achieve their goals and create social and economic value today and for future generations. Cadmus was founded in 1983 and is based in Waltham, Massachusetts.

Buy -