M&A Deal Summary

CSC ServiceWorks Acquires Mac-Gray

On January 9, 2014, CSC ServiceWorks acquired consumer services company Mac-Gray for 584M USD

Acquisition Highlights
  • This is CSC ServiceWorks’ 2nd transaction in the Consumer Services sector.
  • This is CSC ServiceWorks’ largest (disclosed) transaction.
  • This is CSC ServiceWorks’ 3rd transaction in the United States.
  • This is CSC ServiceWorks’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-01-09
Target Mac-Gray
Sector Consumer Services
Buyer(s) CSC ServiceWorks
Deal Type Add-on Acquisition
Deal Value 584M USD
Advisor(s) BofA Securities (Financial)
Goodwin Procter (Legal)

Target

Mac-Gray

Waltham, Massachusetts, United States
website
Mac-Gray Corporation operates as a laundry facilities management contractor for the multi-unit housing industry in the United States.

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Buyer(S) 1

Buyer

CSC ServiceWorks

Melville, New York, United States

website

Category Company
Founded 2013
Sector Electronics
DESCRIPTION

CSC ServiceWorks is a manufacturer of the coin-operated laundry machine. CSC ServiceWorks was founded in 2013 and is based in Melville, New York.

DEAL STATS #
Overall 3 of 7
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 1 of 5
State (Massachusetts) 1 of 1
Country (United States) 3 of 7
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-16 AIR-serv Group

Mendota Heights, Minnesota, United States

AIR-serv Group LLC is an operator of freestanding coin-operated tire-inflation and vacuum vending machines. AIR-Serv owns and operates over 32,000 air vending machines, and maintains exclusive contracts for the provision of air vending services with over 90 major national gas station and convenience stores chains.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-23 AZUMA Leasing CT

Austin, Texas, United States

AZUMA Leasing CT LP is a provider of a leasing appliance, furniture and houseware products primarily to apartment residents. AZUMA will continue to operate, focusing on the growth of its furniture and housewares business to the apartment and corporate housing industries.

Buy -
Mergr

Product

Company

Legal