M&A Deal Summary

Smart Care Equipment Solutions Acquires Almcoe

On May 17, 2022, Smart Care Equipment Solutions acquired business services company Almcoe

Acquisition Highlights
  • This is Smart Care Equipment Solutions’ 8th transaction in the Business Services sector.
  • This is Smart Care Equipment Solutions’ 8th transaction in the United States.
  • This is Smart Care Equipment Solutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2022-05-17
Target Almcoe
Sector Business Services
Buyer(s) Smart Care Equipment Solutions
Deal Type Add-on Acquisition
Advisor(s) Bulkley Capital (Financial)
Jackson Walker (Legal)

Target

Almcoe

Dallas, Texas, United States
website
Almcoe is a family-owned and operated refrigeration company offering emergency repair and preventative maintenance services, as well as equipment sales and installation services. Almcoe was founded in 1960 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Smart Care Equipment Solutions

St Paul, Minnesota, United States

website


Category Company
Sector Business Services
DESCRIPTION

Smart Care Equipment Solutions is a provider of commercial kitchen repair, maintenance services, and parts to the U.S. commercial foodservice industry. Equipment Care services 40,000 locations across 25 states with 500 technicians and 400 subcontractors and distributes 25K SKUs of OEM and private label parts. Smart Care Equipment Solutions is based in St Paul, Minnesota.


DEAL STATS #
Overall 8 of 16
Sector (Business Services) 8 of 16
Type (Add-on Acquisition) 8 of 16
State (Texas) 1 of 4
Country (United States) 8 of 16
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Horizon Bradco

Schenectady, New York, United States

Horizon Bradco offers grocery and convenience store customers best-in-class equipment solutions including hot-side, refrigeration and HVAC repair, preventive maintenance, installation, and equipment sales. The company operates across three divisions – Horizon Bradco, Allied Mechanical Services, and 5-Star Refrigeration – and strengthens Smart Care’s existing service markets while adding expertise in full-service equipment solutions for food retail customers. Horizon Bradco was founded in 1987 and is based in Schenectady, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Dutton

Richmond, Virginia, United States

Dutton is a family-owned and operated commercial kitchen equipment repair company, offering emergency repair and preventative maintenance services for cooking, refrigeration, and beverage equipment, as well as HVAC mechanical services. The company has earned a reputation as a premier service provider for commercial kitchen customers in the Mid-Atlantic region. Dutton was formed in 1984 and is based in Richmond, Virginia.

Buy -