M&A Deal Summary

Berkshire Partners Acquires 3Phase Elevator

On June 3, 2021, private equity firm Berkshire Partners acquired business services company 3Phase Elevator from Fort Point Capital

Acquisition Highlights
  • This is Berkshire Partners’ 7th transaction in the Business Services sector.
  • This is Berkshire Partners’ 75th transaction in the United States.
  • This is Berkshire Partners’ 12th transaction in Massachusetts.

M&A Deal Summary

Date 2021-06-03
Target 3Phase Elevator
Sector Business Services
Buyer(s) Berkshire Partners
Sellers(s) Fort Point Capital
Deal Type Secondary Buyout
Advisor(s) William Blair & Co. LLC
PwC Corporate Finance LLC
Harvey & Company LLC (Financial)
Kirkland & Ellis LLP (Legal)

Target

3Phase Elevator

Canton, Massachusetts, United States
website
3Phase Elevator is an independent provider of elevator maintenance, repair, and modernization services. 3Phase Elevator was founded in 1996 and is based in Canton, Massachusetts.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $50 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 84 of 88
Sector (Business Services) 7 of 7
Type (Secondary Buyout) 15 of 17
State (Massachusetts) 12 of 13
Country (United States) 75 of 78
Year (2021) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 UPSTACK

New York, New York, United States

UPSTACK is transforming the way cloud and internet infrastructure is sourced and sold. The company uses advanced technology to enable an extensive team of cloud infrastructure advisors to offer customized solutions for businesses of all sizes. With UPSTACK, business buyers streamline IT procurement by tapping into a single source for mission-critical technology services from hundreds of proven providers along with the professional guidance to identify and evaluate the best solutions. UPSTACK was founded in 2017 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Masergy

Plano, Texas, United States

Masergy is a provider of managed security and cloud communication solutions to global enterprises in more than 40 countries. It specializes in delivering real-time high-quality transport of enterprise applications, including voice, data, and video, through a single network connection. Masergy was founded in 2000 and is based in Plano, Texas.

Sell -

Seller(S) 1

SELLER

Fort Point Capital

Boston, Massachusetts, United States

Investor Investor Investor

website


Category Growth Capital Firm
Founded 2009
SizeSmall
Type Sector Agnostic
DESCRIPTION

Fort Point Capital is a private investment firm that targets smaller middle-market growth company investments. The Firm specifically looks for partnerships where firm expertise can help businesses realize their 'potential'. Sectors of interest include business services, healthcare, consumer, and software and information. Fort Point Capital was formed in 2009 and has offices in Boston and New York City.


DEAL STATS #
Overall 6 of 6
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Massachusetts) 3 of 3
Country (United States) 6 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Barrington Media Group

Shelton, Connecticut, United States

Barrington Media Group LLC is a technology-enabled marketing services business that focuses on direct response advertisements in traditional media channels, including television, audio, and direct mail. Barrington offers advertising services through both branded and generic models primarily to customers in the insurance, healthcare and consumer products and services verticals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Strata Information Group

San Diego, California, United States

Strata Information Group is a best-in-class provider of IT services to higher education institutions. The Company offers a range of services including software implementation, cloud migration, digital transformation, database administration, and ongoing support services. Strata Information Group was founded in 1987 and is based in San Diego, California.

Buy -