M&A Deal Summary

Roark Capital Group Acquires Quala

On July 2, 2012, private equity firm Roark Capital Group acquired business services company Quala from KLH Capital, Plexus Capital and Convergent Capital Partners

Acquisition Highlights
  • This is Roark Capital Group’s 2nd transaction in the Business Services sector.
  • This is Roark Capital Group’s 16th transaction in the United States.
  • This is Roark Capital Group’s 2nd transaction in Florida.
Investment Fate
  • Quala was sold to a consortium of financial buyers in 2016.
  • Quala merged with another company in 2023.

M&A Deal Summary

Date 2012-07-02
Target Quala
Sector Business Services
Buyer(s) Roark Capital Group
Sellers(s) KLH Capital
Plexus Capital
Convergent Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Quala

Tampa, Florida, United States
website
Quala is a provider of tank cleaning services to the bulk transportation industry. Quala operates strategically located tank wash facilities across the US. Quala was founded in 1986 and is based in Tampa, Florida.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 18 of 44
Sector (Business Services) 2 of 3
Type (Secondary Buyout) 9 of 20
State (Florida) 2 of 5
Country (United States) 16 of 42
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Peachtree Business Products

Marietta, Georgia, United States

Peachtree Business Products is a multi-channel direct marketer and distributor of customizable, consumable business supplies and soft capital products to small business owners within a variety of end markets including residential property management, commercial parking management, healthcare, funeral home and church. Peachtree Business Products is based in Marietta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-13 PSC Info Group

Oaks, Pennsylvania, United States

PSC Info Group, Inc. is a provider of edge document and information management services and business communications. PSC Info Group delivers customized solutions for accounts receivable management, financial services, and healthcare companies.

Sell -

Seller(S) 3

SELLER

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 20 of 29
Sector (Business Services) 3 of 4
Type (Secondary Buyout) 8 of 13
State (Florida) 3 of 5
Country (United States) 20 of 29
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Everlasting Granite Memorial

Elberton, Georgia, United States

Everlasting Granite is a full service business to business wholesale distributor of granite and bronze memorials.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-25 Ans Distributing

Tucson, Arizona, United States

Ans Distributing, Inc. is a full-line distributor of petroleum handling equipment for petroleum marketers (from single-site service stations to national chains), wholesalers, and technicians. The company offers its customers a complete range of custom-designed systems for both maintenance and construction needs.

Buy -
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 8 of 40
Sector (Business Services) 3 of 6
Type (Secondary Buyout) 3 of 8
State (Florida) 1 of 3
Country (United States) 8 of 40
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 CGL Engineering

Columbia, South Carolina, United States

CGL Engineering LLC is a provider of an engineering and facilities management services for correctional sites.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-02 Monomer Polymer and Dajac Laboratories

Ambler, Pennsylvania, United States

Monomer Polymer and Dajac Laboratories, Inc. is specialized in monomer and polymer research and manufacturing for over 50 years, resulting in an extensive portfolio of highly technical monomers and related polymers and copolymers. Monomer Polymer and Dajac Laboratories was founded in 1978 and is based in Ambler, Pennsylvania.

Sell -
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 23 of 42
Sector (Business Services) 6 of 9
Type (Secondary Buyout) 4 of 8
State (Florida) 1 of 2
Country (United States) 23 of 42
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Rolloffs Hawaii

Honolulu, Hawaii, United States

Rolloffs Hawaii LLC is a provider of comprehensive waste services to Oahu, including commercial and industrial front loader routes, roll-off collection and disposal, residential side loader routes and recycling services. Rolloffs Hawaii is based in Honolulu, Hawaii.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-21 Custom Profile

Grand Rapids, Michigan, United States

Custom Profile is a manufacturer of plastic profile extruded products primarily for the office furniture, appliance, medical, recreational and RV industry, and point-of-purchase markets. Custom Profile has diverse and flexible manufacturing capabilities with the ability to satisfy a variety of customer demand requirements. Custom Profile was founded in 1992 and is based in Grand Rapids, Michigan.

Buy -