M&A Deal Summary

Boyne Capital Partners and Main Street Capital Acquire Sonic Systems

On September 15, 2021, private equity firms Boyne Capital Partners and Main Street Capital acquired energy services and equipment company Sonic Systems

Acquisition Highlights
  • This is Boyne Capital Partners’ 1st and Main Street Capital’s 6th transaction in the Energy Services and Equipment sector.
  • This is Boyne Capital Partners’ 20th and Main Street Capital’s 121st transaction in the United States.
  • This is Boyne Capital Partners’ 1st and Main Street Capital’s 40th transaction in Texas.

M&A Deal Summary

Date 2021-09-15
Target Sonic Systems
Sector Energy Services and Equipment
Buyer(s) Boyne Capital Partners
Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sonic Systems

Houston, Texas, United States
website
Sonic Systems is a provider of mission-critical support services to the commercial nuclear power industry. The company's highly skilled workforce of nuclear-certified technicians provides a range of services including non-destructive evaluation, QA/QC, refueling/reactor maintenance, engineering, and project management. Sonic Systems was formed in 1977 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Boyne Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Boyne Capital Partners is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne was formed in 2006 and is based in Miami.


DEAL STATS #
Overall 20 of 26
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 17
State (Texas) 1 of 1
Country (United States) 20 of 25
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Rapid Fire Protection

Rapid City, South Dakota, United States

Rapid Fire Protection is a full-service fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems across the Midwestern and Western U.S. Rapid Fire Protection is based in Rapid City, South Dakota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-17 A&A Global Imports

Vernon, California, United States

A&A Global Imports is a provider of packaging materials and ancillary products to the high-growth medical and recreational cannabis industry. A&A Global Imports is based in Vernon, California.

Buy -
Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 121 of 136
Sector (Energy Services and Equipment) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 30 of 30
State (Texas) 40 of 42
Country (United States) 121 of 136
Year (2021) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Oneliance

Charlotte, North Carolina, United States

Oneliance is a provider of final cleaning services and labor staffing solutions to a diverse base of national and regional commercial general contractors operating throughout the Carolinas, Georgia, Tennessee, Florida, Texas, and Colorado. Oneliance was founded in 2014 and is headquartered in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 J & J Services

Nashville, Tennessee, United States

J & J Services is a second-generation family-owned business providing roll-off dumpster and portable toilet rental services to an expansive base of residential, commercial, and demolition customers. J & J Services was founded in 2000 and headquartered in Nashville, Tennessee.

Sell -