M&A Deal Summary

Carousel Capital Acquires Huseby

On June 4, 2018, private equity firm Carousel Capital acquired business services company Huseby from Plexus Capital

Acquisition Highlights
  • This is Carousel Capital’s 2nd transaction in the Business Services sector.
  • This is Carousel Capital’s 26th transaction in the United States.
  • This is Carousel Capital’s 9th transaction in North Carolina.

M&A Deal Summary

Date 2018-06-04
Target Huseby
Sector Business Services
Buyer(s) Carousel Capital
Sellers(s) Plexus Capital
Deal Type Recapitalization
Advisor(s) Global Growth Partners Inc. (Financial)

Target

Huseby

Charlotte, North Carolina, United States
website
Huseby, Inc. is a national provider of court reporting and litigation support services to law firms and corporate legal departments. Huseby empowers the on-the-go attorney by bringing your office to your mobile device. Huseby, Inc. was founded in 1974 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 26 of 37
Sector (Business Services) 2 of 5
Type (Recapitalization) 5 of 12
State (North Carolina) 9 of 13
Country (United States) 26 of 37
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-15 Express Oil Change & Tire Engineers

Birmingham, Alabama, United States

Express Oil Change & Tire Engineers is a provider of total car care solutions, oil change, maintenance and repair services. Express Oil Change & Tire Engineers was founded in 1979 and is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Caldwell & Gregory

Manakin-Sabot, Virginia, United States

Caldwell & Gregory is a provider of turnkey laundry facility management services for customers in the university and multifamily housing markets. C&G owns and services over 50,000 laundry machines across 23 states and the District of Columbia. Caldwell & Gregory was founded in 1990 and is based in Manakin-Sabot, Virginia.

Sell -

Seller(S) 1

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 29 of 40
Sector (Business Services) 5 of 6
Type (Recapitalization) 2 of 2
State (North Carolina) 6 of 7
Country (United States) 29 of 40
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Carolina Beverage Group

Mooresville, North Carolina, United States

Carolina Beverage Group LLC (CBG) is a manufacturer of a dozen, high-quality, draft beers sold and distributed in five mid-Atlantic states under the Carolina Blonde and Cottonwood Ales brands. Carolina Beverage Group LLC was founded in 1997 and is based in Mooresville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 Accu-Tube

Denver, Colorado, United States

Accu-Tube is a manufacturer of quality standard and custom size stainless steel tubing. Sizes from small diameter hypodermic medical tubing .009" OD (.23mm) to .375"OD (9.35mm). Fabrication processes include welding, drawing, straightening, cutting, deburring, cleaning, bending, coiling, end-forming, beading, flaring, swaging, and others. Accu-Tube was founded in 1973 and is based in Denver, Colorado.

Buy -