M&A Deal Summary

Partners Group AG Acquires Reedy Industries

On July 27, 2021, asset manager Partners Group AG acquired business services company Reedy Industries from Audax Private Equity

Acquisition Highlights
  • This is Partners Group AG’s 6th transaction in the Business Services sector.
  • This is Partners Group AG’s 29th transaction in the United States.
  • This is Partners Group AG’s 4th transaction in Illinois.

M&A Deal Summary

Date 2021-07-27
Target Reedy Industries
Sector Business Services
Buyer(s) Partners Group AG
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Reedy Industries

Glenview, Illinois, United States
website
Reedy Industries is a provider of commercial HVAC services, mechanical services, and energy solutions primarily serving commercial, industrial, and municipal buildings in the Midwest. Reedy Industries serves over 6,000 customers focusing on preventative maintenance, break/fix repairs, and retrofit projects. Reedy Industries was founded in 1930 and is based in Glenview, Illinois.

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Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 78 of 87
Sector (Business Services) 6 of 6
Type (Secondary Buyout) 42 of 51
State (Illinois) 4 of 4
Country (United States) 29 of 33
Year (2021) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 EOLO

Busto Arsizio, Italy

EOLO is a national telecommunications operator, leader in the field of ultra-broadband for the residential and business market. EOLO owns and operates more than 3,400 Base Transceiver Stations, which transmit fixed wireless internet between its network and end-users, and 13,000 kilometers of fiber backhaul, covering roughly 80% of Italian households. EOLO was founded in 1999 and is based in Busto Arsizio, Italy.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Straive

Parañaque City, Philippines

Straive provides a comprehensive set of specialized services and technology solutions related to the creation, enrichment, and transformation of the published content. These services span a publisher's entire value chain, from author support and content development, through copy editing and typesetting, to digitalization, database management, and data analytics. The company serves its clients in 14 languages through 12 delivery operations globally and employs more than 12,500 people. Straive was formed in 1980 and is based in Parañaque City, Philippines.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 83 of 97
Sector (Business Services) 6 of 8
Type (Secondary Buyout) 49 of 53
State (Illinois) 6 of 7
Country (United States) 79 of 92
Year (2021) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Flashpoint

New York, New York, United States

Flashpoint is a provider of risk intelligence for organizations from bolstering cyber and physical security, to detecting fraud and insider threats. Flashpoint is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Team Cymru

Lake Mary, Florida, United States

Team Cymru saves and improves lives by working with security teams around the world, enabling them to track and disrupt the most advanced bad actors and malevolent infrastructures. The company delivers comprehensive visibility into global cyber threats and is the key source of intelligence for many cyber security and threat intelligence vendors. Enterprise security teams rely on our Pure Signal platform to close detection gaps, accelerate incident response, and detect threats and vulnerabilities across entire enterprises and third-party ecosystems. Its Community Services division provides no-cost threat detection, DDoS mitigation, and threat intelligence to network operators, hosting providers, and more than 140 CSIRT teams across 86+ countries. Team Cymru was formed in 2005 and is based in Lake Mary, Florida.

Buy -