M&A Deal Summary

Champlain Capital Acquires Bergensons Property Services

On December 1, 2004, private equity firm Champlain Capital acquired business services company Bergensons Property Services

Acquisition Highlights
  • This is Champlain Capital’s 1st transaction in the Business Services sector.
  • This is Champlain Capital’s 3rd transaction in the United States.
  • This is Champlain Capital’s 2nd transaction in California.
Investment Fate
  • Bergensons Property Services was recapitalized in 2009.
  • Bergensons Property Services was sold to a strategic buyer in 2011.

M&A Deal Summary

Date 2004-12-01
Target Bergensons Property Services
Sector Business Services
Buyer(s) Champlain Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Bergensons Property Services

Oceanside, California, United States
Bergensons is one of the nations leading providers of outsourced janitorial services to the retail industry, providing daily floor care to many of the country's largest retailers in more than 33 states. The Company benefits from a strong outsourcing trend among retailers, a blue chip customer base, a highly efficient operating model and a very seasoned management team.

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Buyer(S) 1

Buyer

Champlain Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 140M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Champlain Capital Partners is a private equity firm focused on growth capital financings and investments in businesses facing succession issues. The Firm is a generalist investor investor and will consider opportunities in a broad range of manufacturing, service and distribution industries. Target businesses typically have revenues of $10 to $100 million and EBITDA of $3 to $15 million. Champlain prefers companies located in the US. Champlain will not invest in turnaround situations. Champlain Capital Partners was formed in 2000 and is based in San Francisco, California with an additional office in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 24
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 11
State: California M&A 2 of 5
Country: United States M&A 3 of 24
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-01 Option One Home Medical Equipment

Corona, California, United States

Option One is a rapidly growing, fully accredited medical equipment supplier, which provides state-of-the-art medical equipment and supplies to patients for use in their homes. The Company rents and sells a full complement of respiratory therapy and durable medical equipment. Option One Home Medical Equipment is based in Corona, California.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Badanco Enterprises

Totowa, New Jersey, United States

Badanco Enterprises, Inc., is a providers of premium-branded luggage to retailers in the U.S. The Company's product offering consists of a full line of designer luggage and accessories in a variety of brand names including Ralph Lauren/Polo Sport, Pierre Cardin, Diane Von Furstenberg, and Liz Claiborne. The Company also provides everyday luggage products under the Travel Gear, Frequent Traveler, Ventura, and Pegasus brand names.

Buy $38M