M&A Deal Summary

The Edgewater Funds and JZ Partners Acquire Industrial Service Solutions

On January 1, 2011, private equity firms The Edgewater Funds and JZ Partners acquired business services company Industrial Service Solutions

Acquisition Highlights
  • This is The Edgewater Funds’ 2nd and JZ Partners’ 1st transaction in the Business Services sector.
  • This is The Edgewater Funds’ 27th and JZ Partners’ 5th transaction in the United States.
  • This is The Edgewater Funds’ 2nd and JZ Partners’ 1st transaction in Texas.
Investment Fate
  • Industrial Service Solutions was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2011-01-01
Target Industrial Service Solutions
Sector Business Services
Buyer(s) The Edgewater Funds
JZ Partners
Deal Type Consolidation

Target

Industrial Service Solutions

Houston, Texas, United States
Industrial Service Solutions is a provider of industrial field services, repair, and refurbishment of equipment found in most industrial and manufacturing facilities in North America. Industrial Service Solutions was founded in 2007 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 28 of 54
Sector (Business Services) 2 of 3
Type (Consolidation) 1 of 5
State (Texas) 2 of 8
Country (United States) 27 of 52
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 G&H Orthodontics

Franklin, Indiana, United States

G&H Orthodontics is a manufacturer, distributor of orthodontic products. G&H Orthodontics manufactures 'ortho force' products that make teeth move, primarily orthodontic archwires and elastics (rubber bands), versus products that anchor teeth in the orthodontic process. G&H Orthodontics was founded in 1981 and is based in Franklin, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 RevSpring

Nashville, Tennessee, United States

RevSpring is a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. The company helps customers accelerate revenue through an end-to-end platform of offerings that includes physical and electronic invoices, consumer payment portals, data cleansing solutions, and analytics tools that validate consumer identities and optimize engagement. It serves a diversified client base of approximately 2,000 health systems & hospitals, revenue cycle management providers, and financial services organizations. RevSpring was formed in 1997 and is based in Wixom, Michigan.

Sell -
Buyer

JZ Partners

Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

JZ Partners is a private equity firm focused on acquiring middle-market companies valued up to $200 million. JZ seeks profitable companies with strong management, defensible market positions, and low capital expenditures. Sectors of interest include niche manufacturing, value-added distribution, industrial services, healthcare, education, transportation, and business services. JZ Partners was formed in 1986 and has offices in Chicago and New York City.

DEAL STATS #
Overall 5 of 18
Sector (Business Services) 1 of 2
Type (Consolidation) 2 of 3
State (Texas) 1 of 3
Country (United States) 5 of 17
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Nielsen-Kellerman

Boothwyn, Pennsylvania, United States

Nielsen-Kellerman designs manufacture and distribute rugged, waterproof environmental and sports performance instruments for active lifestyles and technical applications, including Kestrel Weather & Environmental Meters, Kestrel Ballistics Meters for long-range shooting accuracy, NK Electronics for Rowing and Paddling, and Blue Ocean Rugged Megaphones PA Systems. Nielsen-Kellerman was founded in 1978 and is based in Boothwyn, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Justrite

Des Plaines, Illinois, United States

Justrite is a manufacturer of safety products that are designed to help companies prevent catastrophic events caused by fire or spillage of hazardous materials. Justrite was founded in 1906 and is headquartered in Des Plaines, Illinois.

Buy -
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