M&A Deal Summary

The Blackstone Group Acquires Servpro Industries

On March 26, 2019, private equity firm The Blackstone Group acquired environmental company Servpro Industries

Acquisition Highlights
  • This is The Blackstone Group’s 4th transaction in the Environmental sector.
  • This is The Blackstone Group’s 158th transaction in the United States.
  • This is The Blackstone Group’s 8th transaction in Tennessee.

M&A Deal Summary
Date 2019-03-26
Target Servpro Industries
Sector Environmental
Buyer(s) The Blackstone Group
Deal Type Recapitalization
Advisor(s) Harris Williams & Co. (Financial)
Bass, Berry & Sims PLC (Legal)

Target

Servpro Industries

Gallatin, Tennessee, United States
website
Servpro Industries is a provider of fire and water cleanup and restoration services, and mold mitigation and remediation. SERVPRO’s professional services network of more than 1,700 individually owned and operated Franchises responds to property damage emergencies ranging from small individual disasters to multi-million dollar large-loss events. Providing coverage in the United States and Canada, the SERVPRO System has established relationships with major insurance companies and commercial clients, as well as individual homeowners.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 252 of 320
Sector (Environmental) 4 of 5
Type (Recapitalization) 4 of 5
State (Tennessee) 8 of 8
Country (United States) 158 of 202
Year (2019) 7 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Entic

Pembroke Pines, Florida, United States

Entic, Inc. is a provider of smart building software. Entic provides building owners with substantial energy and water savings through increased operational visibility and control under an affordable, easy-to-implement subscription model. Used by some of the most recognized names in hospitality, healthcare, commercial office real estate and sports, Entic provides real-time financial and engineering dashboards so that business and facility managers can make better decisions. Entic, Inc. was founded in 2011 and is based in Pembroke Pines, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 GatewayRail

New Delhi, India

GatewayRail is an intermodal operator that provides rail transport service through its inland container depots at Gurugram, Faridabad, Ludhiana, Ahmedabad, and Domestic Container Terminal (DCT) at Navi Mumbai. GatewayRail was formed in 2007 and is based in New Delhi.

Sell -
Mergr

Product

Company

Legal