M&A Deal Summary

AVALT Acquires Suburban Drywall

On July 8, 2024, family office AVALT acquired business services company Suburban Drywall from High Street Capital

Acquisition Highlights
  • This is AVALT’s 2nd transaction in the Business Services sector.
  • This is AVALT’s 7th transaction in the United States.
  • This is AVALT’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2024-07-08
Target Suburban Drywall
Sector Business Services
Buyer(s) AVALT
Sellers(s) High Street Capital
Deal Type Secondary Buyout

Target

Suburban Drywall

Waukesha, Wisconsin, United States
Suburban Drywall is a provider of a complete line of insulation, metal framing, drywall, and painting services for a diversified mix of commercial, multi-family, and residential constructions. Suburban Drywall was founded in 1978 and is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer
DESCRIPTION

AVALT is a family backed private equity firm focused on long-term investments in North American companies operating in the business services, healthcare, consumer products/services, industrials, and TMT sectors. AVALT prefers control investments, but will consider select minority situations and other opportunistic or special situations. The Firm's investment size is $25 to $150 million in businesses with up to $35 million of EBITDA. AVALT was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 7
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Wisconsin) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Ned Stevens

Fairfield, New Jersey, United States

Ned Stevens provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned Stevens was founded in 1965 and is based in Fairfield, New Jersey.

Sell -

Seller(S) 1

SELLER

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 14
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 6 of 6
State (Wisconsin) 1 of 1
Country (United States) 14 of 14
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Adams Magnetic Products

Elmhurst, Illinois, United States

Adams Magnetic Products is a manufacturing magnetic products, fabricator and distributor of all types of permanent magnets, magnetic assemblies, and devices alnico, ceramic, flexible magnets, neodymium, samarium cobalt, rare earth, magnet assemblies, stock or custom. Adams Magnetic Products was founded in 1950 and is based in Elmhurst, Illinois.

Buy -