M&A Deal Summary

Aurora Capital Partners Acquires GenServe

On August 5, 2024, private equity firm Aurora Capital Partners acquired energy services and equipment company GenServe from GenNx360 Capital Partners

Acquisition Highlights
  • This is Aurora Capital Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Aurora Capital Partners’ 39th transaction in the United States.
  • This is Aurora Capital Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2024-08-05
Target GenServe
Sector Energy Services and Equipment
Buyer(s) Aurora Capital Partners
Sellers(s) GenNx360 Capital Partners
Deal Type Secondary Buyout
Advisor(s) Winston & Strawn (Legal)

Target

GenServe

Bay Shore, New York, United States
GenServe is an independent provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region serving commercial customers in various industries. GenServe was formed in 1990 and is headquartered in Plainview, New York.

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Buyer(S) 1

Buyer

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.


DEAL STATS #
Overall 40 of 40
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 21 of 21
State (New York) 1 of 1
Country (United States) 39 of 39
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 First Legal

Monterey Park, California, United States

First Legal is a comprehensive File Thru Trial solutions firm providing a single-source approach that enables us to simplify the litigation process for our clients. The Firm's services including court filing, eFiling, service of process, court reporting, eDiscovery, record retrieval, digital, investigations, and trial support work together to ensure a personalized and effortless client experience. First Legal is based in Monterey Park, California.

Buy -

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 13 of 16
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 4 of 5
State (New York) 1 of 2
Country (United States) 11 of 14
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 ITsavvy

Addison, Illinois, United States

ITsavvy is a technology solutions provider that delivers frictionless IT experiences to clients across multiple segments and industries. ITsavvy leverages the power of its partner ecosystem to design, develop and deliver technology infrastructure solutions that accelerate business outcomes on behalf of its clients. ITsavvy was founded in 2004 and is based in Addison, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Miller Environmental Group

Calverton, New York, United States

Miller Environmental Group services the utility, transportation, and petrochemical industries in the areas of emergency response, waste transportation and disposal, remediation, and industrial as well as marine services. Miller Environmental Group was founded in 1971 and is based in Calverton, New York.

Sell -