M&A Deal Summary

Alvarez & Marsal Capital Partners Acquires The Arcticom Group

On December 1, 2021, private equity firm Alvarez & Marsal Capital Partners acquired business services company The Arcticom Group from Goense Capital Partners and Backcast Partners

Acquisition Highlights
  • This is Alvarez & Marsal Capital Partners’ 3rd transaction in the Business Services sector.
  • This is Alvarez & Marsal Capital Partners’ 14th transaction in the United States.
  • This is Alvarez & Marsal Capital Partners’ 4th transaction in California.

M&A Deal Summary

Date 2021-12-01
Target The Arcticom Group
Sector Business Services
Buyer(s) Alvarez & Marsal Capital Partners
Sellers(s) Goense Capital Partners
Backcast Partners
Deal Type Secondary Buyout

Target

The Arcticom Group

Walnut Creek, California, United States
The Arcticom Group is a U.S.-based network of commercial and industrial refrigeration companies that provide HVACR service/maintenance across the Western United States and installation services throughout North America. The Arcticom Group is based in Walnut Creek, California.

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Buyer(S) 1

Buyer
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 16 of 21
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 7 of 9
State (California) 4 of 4
Country (United States) 14 of 18
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Worldwise

Novato, California, United States

Worldwise is a provider of innovative, more environmentally sustainable pet products and accessories. Worldwise was founded in 1991 and is based in Novato, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 CNSI

McLean, Virginia, United States

CNSI delivers a broad range of health information technology enterprise solutions and customizable products to a diverse base of State and Federal agencies in the United States. CNSI aligns, builds, and manages innovative, high-quality, cost-effective solutions that help clients achieve their mission, enhance business performance, reduce costs and improve the health of individuals and communities. Headquartered in the United States with a major technology center in Chennai, India, CNSI employs a world-class team of technologists, program managers, and subject matter experts, with large-scale mission-critical information technology implementation experience. CNSI was founded in 1994 and is based in McLean, Virginia.

Sell -

Seller(S) 2

SELLER

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Goense Capital Partners is a private equity firm focused on making control investments alongside management teams in small to mid-sized business service companies. Goense looks for North American businesses with predictable cash-flow ($2 million+ of EBITDA), identifiable growth opportunities, and market segment leadership. Target transaction situations include consolidations, family successions, shareholder liquidity needs, LBOs, MBOs, and growth capital financings. The Firm prefers to be the lead investor and has a target investment size of $1 to $30 million. Goense was formed in 2008 after becoming independent from Goense Bounds & Partners. The Firm is and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 9
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 5 of 5
State (California) 3 of 3
Country (United States) 9 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Spectra Services

Ontario, New York, United States

Spectra Services is a provider of field-based HVACR business services. Spectra Services started as a one-man shop operated out of the basement of his home. Initially offering just one line of microscopes, Specht grew his business into a market leader, eventually expanding to include even the most complex microscopy solutions. Spectra Services was formed in 1977 and is based in Ontario, New York.

Sell -
DESCRIPTION

Backcast Partners is a private investment firm focused on providing debt and equity financing solutions to mid-sized companies with $10 to $50 million in revenue. Backcast invests in businesses owned or backed by private equity firms, as well as businesses owned by families, management teams, or others. Investment proceeds are typically used for acquisitions, strategic and growth initiatives, or simply to refinance existing capital structures. Backcast Partners was formed in 2016 and is headquartered in Millburn, New Jersey.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Infinity Engineered Products

Fairlawn, Ohio, United States

Infinity Engineered Products is a provider of premium air springs for trucks, trailers, buses, and specialty vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 USG Water Solutions

Atlanta, Georgia, United States

USG Water Solutions is a provider of water asset management services for small and medium public water utilities in North America. USG’s offerings include maintenance services for water storage tanks, pipe networks, and concrete structures in water and wastewater plants. USG Water Solutions is based in Atlanta, Georgia.

Buy -