M&A Deal Summary

Skylight Capital and Alpine Investors Acquire Abacus Plumbing Air Conditioning & Electrical

On February 14, 2012, private equity firms Skylight Capital and Alpine Investors acquired business services company Abacus Plumbing Air Conditioning & Electrical

Acquisition Highlights
  • This is Skylight Capital’s 4th and Alpine Investors’ 2nd transaction in the Business Services sector.
  • This is Skylight Capital’s 4th and Alpine Investors’ 14th transaction in the United States.
  • This is Skylight Capital’s 2nd and Alpine Investors’ 2nd transaction in Texas.

M&A Deal Summary

Date 2012-02-14
Target Abacus Plumbing Air Conditioning & Electrical
Sector Business Services
Buyer(s) Skylight Capital
Alpine Investors
Deal Type Recapitalization
Advisor(s) Corporate Finance Associates (Financial)

Target

Abacus Plumbing Air Conditioning & Electrical

Houston, Texas, United States
Abacus Plumbing, Air Conditioning & Electrical is a provider of plumbing services. Abacus Plumbing service offering includes residential plumbing, drain cleaning, heating, and air conditioning. Abacus Plumbing, Air Conditioning & Electrical was founded in and 2003 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Skylight Capital

Seattle, Washington, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Skylight Capital is a Seattle-based private equity firm that invests in or acquires companies in the Western US with EBITDA up to $5 million. Investments are generally used to fund full or partial liquidity to entrepreneurs, family members, estates, passive investors, or corporate owners. Skylight will also consider minority investments for growth. Skylight prefers businesses that operate in non-cylical industries with stable/recurring revenues and sustainable margins. Sectors of interest include auto paint distribution, business services, consumer products, direct marketing, document services, education, franchisors/franchises, gaming equipment/services, HR outsourcing, jewelry, non-asset based logistics, specialty retail, vending, and wealth management.


DEAL STATS #
Overall 4 of 5
Sector: Business Services M&A 4 of 5
Type: Recapitalization M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 4 of 5
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-24 Berkeys Plumbing Heating and Air Conditioning

Southlake, Texas, United States

Berkeys Plumbing, Heating and Air Conditioning, Inc. provides plumbing, air conditioning, and heating services to homeowners in the Dallas-Fort Worth metroplex for over 35 years. Berkeys Plumbing, Heating and Air Conditioning was founded in 1975 and is based in Southlake, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Botanical Designs

Seattle, Washington, United States

Botanical Designs is a provider of high-impact biophilic design and professional plant maintenance. Botanical Designs, install and maintain interior and exterior commercial landscaping and holiday decor. Botanical Designs was founded in 1995 and is based in Seattle, Washington.

Buy -
Buyer

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 18.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 14 of 47
Sector: Business Services M&A 2 of 11
Type: Recapitalization M&A Deals 2 of 3
State: Texas M&A 2 of 3
Country: United States M&A 14 of 47
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-16 Great Falls Marketing

Auburn, Maine, United States

Great Falls Marketing offers outsourced sales services to clients in the direct response industry. Its team of sales professionals operate from an inbound call facility. Headquartered in Auburn, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Cleo

Rockford, Illinois, United States

Cleo is an ecosystem integration software company whose solutions simplify the movement and integration of critical B2B enterprise data, thereby enabling business agility and business flow visibility. The Cleo Integration Cloud (CIC) is a cloud-based platform that brings end-to-end integration visibility across API, EDI, and non-EDI integrations and gives technical and business users the confidence and capability to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. Cleo was founded in 1976 and is based in Rockford, Illinois.

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