M&A Deal Summary

Halmos Capital Partners and NewSpring Capital Acquire Northpoint

On February 15, 2023, private equity firms Halmos Capital Partners and NewSpring Capital acquired construction company Northpoint

Acquisition Highlights
  • This is Halmos Capital Partners’ 1st and NewSpring Capital’s 4th transaction in the Construction sector.
  • This is Halmos Capital Partners’ 4th and NewSpring Capital’s 174th transaction in the United States.
  • This is Halmos Capital Partners’ 1st and NewSpring Capital’s 4th transaction in Georgia.

M&A Deal Summary

Date 2023-02-15
Target Northpoint
Sector Construction
Buyer(s) Halmos Capital Partners
NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Northpoint

Woodstock, Georgia, United States
website
Northpoint is a provider of roof repair and replacement services to single-family and multi-family residential customers in the greater Atlanta metropolitan area. The company also provides roof restoration services to commercial customers as well as solar and gutter installation services. Northpoint was formed in 2019 and is based in Woodstock, Georgia.

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Buyer(S) 2

DESCRIPTION

Halmos Capital Partners is a private equity firm focused on acquiring and investing in growth-oriented lower-middle market companies from founders and owners throughout North America. The Firm supports management buyouts, recapitalizations, and growth capital investments in businesses with EBITDA of $2 to $30 million and revenue between $10 and $100 million. Halmos Capital invests in a variety of industries including business services, manufacturing, and energy services. Halmos Capital Partners was established in 2016 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 4 of 4
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Thermal Concepts

Davie, Florida, United States

Thermal Concepts is a provider of maintenance, repair and installation services for commercial HVAC and building control systems. Thermal Concepts was founded in 1983 and is based in Davie, Florida.

Buy -
Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 178 of 184
Sector (Construction) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 34 of 37
State (Georgia) 4 of 4
Country (United States) 174 of 180
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Western Jet Aviation

Van Nuys, California, United States

Western Jet Aviation provides maintenance, repair, and avionics services for business and general aviation aircraft. Western Jet Aviation was founded in 1999 and is based in Van Nuys, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 Vac2Go

Louisville, Kentucky, United States

Vac2Go provides repair and maintenance services for vacuum trucks and related equipment at all its facilities.Vac2Go offers daily to multi-month rentals of the latest model trucks and equipment to industrial service contractors, environmental contractors, the construction, excavation, and utility industries, and to state and local municipal governments. Vac2Go was founded in 2011 and is based in Louisville, Kentucky.

Buy -