M&A Deal Summary

ATI Restoration Acquires Venturi Restoration

On March 28, 2023, ATI Restoration acquired construction company Venturi Restoration from Nautic Partners, Antares Capital and Lone Star Funds

Acquisition Highlights
  • This is ATI Restoration’s 1st transaction in the Construction sector.
  • This is ATI Restoration’s 1st transaction in the United States.
  • This is ATI Restoration’s 1st transaction in Illinois.

M&A Deal Summary

Date 2023-03-28
Target Venturi Restoration
Sector Construction
Buyer(s) ATI Restoration
Sellers(s) Nautic Partners
Antares Capital
Lone Star Funds
Deal Type Add-on Acquisition

Target

Venturi Restoration

Schaumburg, Illinois, United States
Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

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Buyer(S) 1

Buyer

ATI Restoration

Anaheim, California, United States

Category Company
Founded 1989
Sector Business Services
Employees1,500
DESCRIPTION

ATI Restoration provides a wide range of restoration, environmental remediation, and reconstruction services across a spectrum of industries and end-markets. ATI Restoration was founded in 1989 and is based in Anaheim, California.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 3

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 46 of 47
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Illinois) 3 of 3
Country (United States) 45 of 46
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 PECAA

Boca Raton, Florida, United States

PECAA is an alliance to provide purchasing services and management support to more than 10,000 independent U.S. eye care professionals. PECAA was founded in 2017 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Harrington

Chino, California, United States

Harrington is a distributor of industrial products for corrosive and high-purity applications. The company distributes and fabricates products that move fluids in corrosive and high-purity process applications. Products include thermoplastic pipes, valves, fittings, tanks, tubing and hose, pumps, filtration, and instrumentation. Harrington was founded in 1959 and is based in Chino, California.

Sell -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 43 of 44
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 18 of 19
State (Illinois) 3 of 3
Country (United States) 42 of 43
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-18 Four Seasons

Chicago, Illinois, United States

Four Seasons is a provider of residential HVAC replacement and repair services including Chicagoland HVAC installation, Chicagoland HVAC repair, and air quality solutions. Four Seasons was formed in 1971 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Nuspire

Detroit, Michigan, United States

Nuspire is a provider of managed security services delivering threat detection and remediation through a skilled team of experts, advanced R&D, and proprietary solutions that merge big data and deep human analytics. Nuspire was founded in 1999 and is based in Detroit, Michigan.

Sell -
SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 16 of 17
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Illinois) 1 of 1
Country (United States) 6 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor was formed in 1916 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 CFT

Scottsdale, Arizona, United States

CFT provides customers industry-leading and sustainable solutions for the supply, control, application and curing of a wide range of paints, powders, sealants & adhesives, foams and other application materials under an expanding collection of pioneering product brands.

Buy $520M