M&A Deal Summary

Carlson Private Capital Partners Acquires Street Smart Rental

On April 13, 2020, family office Carlson Private Capital Partners acquired business services company Street Smart Rental from RHV Capital and Strength Capital Partners

Acquisition Highlights
  • This is Carlson Private Capital Partners’ 1st transaction in the Business Services sector.
  • This is Carlson Private Capital Partners’ 3rd transaction in the United States.
  • This is Carlson Private Capital Partners’ 3rd transaction in Minnesota.

M&A Deal Summary

Date 2020-04-13
Target Street Smart Rental
Sector Business Services
Buyer(s) Carlson Private Capital Partners
Sellers(s) RHV Capital
Strength Capital Partners
Deal Type Secondary Buyout

Target

Street Smart Rental

Lino Lakes, Minnesota, United States
Street Smart Rental offers short-term and long-term rental options for traffic control companies across the country and Canada. Street Smart Rental was founded in 1999 and is based in Lino Lakes, Minnesota.

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Buyer(S) 1

DESCRIPTION

Carlson Private Capital Partners is a family office focused on acquiring and investing in profitable, industry-leading businesses in the US and Canada. The Firm targets founder or family owned businesses with $50 to $500 million of revenue and $8 to $40 million of EBITDA. Carlson also looks to work with management teams seeking to transition from private equity ownership to a longer-term investor. Carlson Private Capital Partners was formed in 2018 and is headquartered in Minnetonka, Minnesota.


DEAL STATS #
Overall 3 of 5
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Minnesota) 3 of 3
Country (United States) 3 of 5
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Lakeshirts

Detroit Lakes, Minnesota, United States

Lakeshirts is a designer, manufacturer, and value-added distributor of customized apparel and provides merchandising solutions to the resort and college-licensed apparel and accessories markets. The Company collaborates with its specialty retailer customers to develop and supply attractive, unique products for markets where consumer demand is driven by impulse and emotional connection to an experience. Lakeshirts was founded in 1984 and is based in Detroit Lakes, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Millennium

Delavan, Wisconsin, United States

Millennium is a value-added distributor and service provider to the broadband infrastructure and related industries. Millennium provides products and solutions to over 2,500 customers comprised of networks, contractors, DOTs, municipalities, and utilities. In addition to industry-leading products, Millennium offers an extensive suite of services and capabilities to support the unique needs of each customer throughout every step of their network infrastructure project execution. Millennium was founded in 2004 and is based in Delavan, Wisconsin.

Buy -

Seller(S) 2

DESCRIPTION

RHV Capital is a private investment firm focused on acquiring interests in privately-held, lower middle-market companies. RHV Capital is headquartered in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Liberty Fire Solutions

Claysburg, Pennsylvania, United States

Liberty Fire Solutions sells, inspects, services and repairs fire extinguishers, sprinkler systems, emergency lights, fire suppression systems and special hazard applications. Liberty Fire Solutions is based in Claysburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Guardian Fire Protection Services

Rockville, Maryland, United States

Guardian Fire Protection Services is a provider of customer care and fire safety solutions for businesses throughout Maryland and surrounding communities. Guardian Fire Protection Services is based in Rockville, Maryland.

Sell -
SELLER

Strength Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Strength Capital Partners (SCP) is a private equity firm that specializes in acquiring or providing late stage growth capital to Midwest US based companies. Areas of interest include the manufacturing, distribution, industrial, financial services, infrastructure, and consumer products sectors. The Firm takes a hands-on investment approach, looking to use firm resources and expertise to improve operational performance. SCP will not invest in high technology or internet businesses. Strength Capital Partners has offices in Birmingham, Michigan and Cincinnati, Ohio.


DEAL STATS #
Overall 8 of 10
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 4 of 4
State (Minnesota) 2 of 2
Country (United States) 8 of 10
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 RW America

Henderson, Colorado, United States

RW America is a distributor of specialty building supplies to customers in the Mountain West region of the United States. The Company’s product offering includes deck/porch products, weatherization products, stair parts, hearth, specialty hardware, and general building products. RW America was founded in 1965 and is based in Henderson, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Truesdell

Tempe, Arizona, United States

Truesdell is a provider of quality repair, restoration, strengthening, protection, and maintenance of concrete structures. Comprehensive services range from assistance with initial diagnosis to final completion. Truesdell has completed more than 7,000 projects on a wide variety of national and international repair projects ranging from high-rise buildings, nuclear power generating plants, airports, residential projects, water treatment facilities, and a sizeable amount of public agency DOT work. Truesdell was founded in 1975 and is based in Tempe, Arizona.

Buy -