M&A Deal Summary

Linsalata Capital Partners Acquires Diversco Holdings

On October 1, 1996, private equity firm Linsalata Capital Partners acquired business services company Diversco Holdings for 425M USD

Acquisition Highlights
  • This is Linsalata Capital Partners’ 1st transaction in the Business Services sector.
  • This is Linsalata Capital Partners’ largest (disclosed) transaction.
  • This is Linsalata Capital Partners’ 9th transaction in the United States.
  • This is Linsalata Capital Partners’ 1st transaction in South Carolina.
Investment Fate
  • Diversco Holdings was sold to a publicly-traded strategic buyer in 2010.

M&A Deal Summary
Date 1996-10-01
Target Diversco Holdings
Sector Business Services
Buyer(s) Linsalata Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 425M USD

Target

Diversco Holdings

Spartanburg, South Carolina, United States
website
Diversco Holdings, Inc. is a provider of janitorial, maintenance, sanitation and security services.

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Buyer(S) 1

Buyer

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.

DEAL STATS #
Overall 9 of 51
Sector (Business Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 32
State (South Carolina) 1 of 2
Country (United States) 9 of 51
Year (1996) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Horsburgh & Scott

Cleveland, Ohio, United States

Horsburgh & Scott (H&S) is a manufacturer of large diameter industrial gears and custom mechanical gear drives. H&S provides specialized services including heat treatment, technical solutions and on-site customer service. Horsburgh & Scott is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-04-22 Hartzell Mfg.

Miamisburg, Ohio, United States

Hartzell Mfg. Co. is a manufacturer of injection molded and machined aluminum castings components for telecommunications and office products markets.

Buy -
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