Investment Summary

Argonne Capital Group, Balance Point Capital Partners and Plexus Capital Invest In Schill Grounds Management

On September 21, 2020, private equity firm Argonne Capital Group, mezzanine finance firm Balance Point Capital Partners and private equity firm Plexus Capital invested in business services company Schill Grounds Management

Investment Highlights
  • This is Argonne Capital Group’s 1st, Balance Point Capital Partners’ 3rd and Plexus Capital’s 14th transaction in the Business Services sector.
  • This is Argonne Capital Group’s 9th, Balance Point Capital Partners’ 31st and Plexus Capital’s 98th transaction in the United States.
  • This is Argonne Capital Group’s 2nd, Balance Point Capital Partners’ 1st and Plexus Capital’s 3rd transaction in Ohio.

Investment Summary

Date 2020-09-21
Target Schill Grounds Management
Sector Business Services
Investor(s) Argonne Capital Group
Balance Point Capital Partners
Plexus Capital
Deal Type Growth Capital

Target

Schill Grounds Management

North Ridgeville, Ohio, United States
Schill Grounds Management is a privately held commercial landscaping company. Schill Grounds Management was founded in 1993 and is based in North Ridgeville, Ohio.

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Investor(S) 3

Investor

Argonne Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Argonne Capital Group is a private investment firm that looks to acquire majority interests in cash flow positive companies. Argonne seeks businesses that can benefit from the firm's real estate and financing experience in terms of growth through new unit development. Sectors of interest include restaurants, retail, manufacturing, distribution, fitness, consumer services, dealerships, and light industrial. The Firm can commit up to $100 million per transaction and general targets companies with cash-flow of $5 to $150 million. Argonne Capital Group was established in 2003 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 9 of 11
Sector: Business Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Ohio M&A 2 of 2
Country: United States M&A 9 of 11
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-19 Krystal

Dunwoody, Georgia, United States

Krystal is an operator of a chain of restaurants well known for its signature menu item, the famous Krystal Burger, with its steamed-in onion flavor. Krystal hamburgers are still served fresh and hot off the grill on the iconic square bun at 300 restaurants in 10 states. Krystal was founded in 1932 and is based in Dunwoody, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Keystone Fireworks

Lancaster, Pennsylvania, United States

Keystone Fireworks sells branded consumer fireworks across the state of Pennsylvania. Keystone Fireworks was founded in 1989 and is based in Lancaster, Pennsylvania.

Buy -
Investor

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 31 of 47
Sector: Business Services M&A 3 of 8
Type: Growth Capital M&A Deals 17 of 28
State: Ohio M&A 1 of 1
Country: United States M&A 31 of 45
Year: 2020 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 Recom

Deerfield Beach, Florida, United States

Recom is a full-service Amazon agency that helps global brands optimize their presence and sell their products on the world’s leading e-commerce marketplace. Recom was founded in 2013 and is based in Deerfield Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Awareness Technologies

Westport, Connecticut, United States

Awareness Technologies is a provider of security, monitoring, productivity and analytics software solutions for businesses and consumers across four distinct software offerings. Awareness Technologies was founded in 2002 and is based in Westport, Connecticut.

Sell -
Investor

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 98 of 149
Sector: Business Services M&A 14 of 24
Type: Growth Capital M&A Deals 11 of 30
State: Ohio M&A 3 of 4
Country: United States M&A 98 of 149
Year: 2020 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Tube Bending

Apple Valley, California, United States

Tube Bending is a manufacturer and fabricator of tubing and tubing assemblies. Tube Bending’s vertically-integrated suite of capabilities includes tube bending, tube fabrication, machining, welding, brazing, assembly, design, inspection, and testing. Tube Bending is based in Apple Valley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 SuccessEd

Frisco, Texas, United States

SuccessEd provides, develops and sells SaaS-based educational software solutions for special education and other special programs to K-12 schools and school districts primarily in the state of Texas. SuccessEd was founded in 1994 and is based in Frisco, Texas.

Sell -