M&A Deal Summary

Astara Capital Partners and Graycliff Partners Acquire BDV Solutions

On November 4, 2021, private equity firms Astara Capital Partners and Graycliff Partners acquired business services company BDV Solutions

Acquisition Highlights
  • This is Astara Capital Partners’ 1st and Graycliff Partners’ 8th transaction in the Business Services sector.
  • This is Astara Capital Partners’ 3rd and Graycliff Partners’ 55th transaction in the United States.
  • This is Astara Capital Partners’ 1st and Graycliff Partners’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2021-11-04
Target BDV Solutions
Sector Business Services
Buyer(s) Astara Capital Partners
Graycliff Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

BDV Solutions

Greenville, South Carolina, United States
BDV Solutions' headquarters in downtown Greenville, South Carolina.
BDV Solutions' headquarters in downtown Greenville, South Carolina.
BDV Solutions is a tech-enabled, turnkey provider of employment-based immigration services to foreign nationals and employers whose solutions help resolve labor shortages in industries. BDV Solutions was founded in 2013 and is based in Greenville, South Carolina.

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Buyer(S) 2

DESCRIPTION

Astara Capital Partners is a private investment firm focused on acquiring and investing in mid-sized companies throughout North America. Astara looks to commit $10 to $100 million in businesses valued up to $250 million. Sectors of interest include aerospace/defense, building products, business services, energy services, forest products, niche manufacturing, food, and packaging. Astara Capital Partners was established in 2020 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Business Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (South Carolina) 1 of 1
Country (United States) 3 of 6
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Cross City Lumber

Cross City, Florida, United States

Cross City Lumber is a Southern yellow pine sawmill that manufactures specialty and dimensional grades of lumber. Cross City Lumber is based in Cross City, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Del-Air

Sanford, Florida, United States

Del-Air is a provider of residential HVAC installation and service, plumbing, electrical home services and replacements, and light commercial HVAC services and replacements. Del-Air was founded in 1983 and is based in Sanford, Florida.

Buy -
Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 60 of 72
Sector (Business Services) 8 of 9
Type (Buyout (LBO, MBO, MBI)) 24 of 26
State (South Carolina) 1 of 1
Country (United States) 55 of 67
Year (2021) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 PebbleTec

Scottsdale, Arizona, United States

PebbleTec is a designer and manufacturer of high-quality swimming pool finishes. The company sources premium stones of varying sizes and colors from across the globe (including New Zealand, Chile, and Mexico), and has perfected a proprietary application process to produce custom finishes that last decades. PebbleTec was formed in 1988 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Talk More Wireless

St Petersburg, Florida, United States

Talk More Wireless is a Metro by T-Mobile retailer with over 100 owned stores in 7 states. Talk More markets and sells a full suite of handheld devices and accessories utilizing an Ever-Present Management system to successfully manage its growing store portfolio. Talk More Wireless was founded in 2002 and is based in St Petersburg, Florida.

Buy -