M&A Deal Summary

Audax Private Equity Acquires Monarch Landscape Companies

On April 1, 2022, private equity firm Audax Private Equity acquired construction company Monarch Landscape Companies from One Rock Capital Partners

Acquisition Highlights
  • This is Audax Private Equity’s 4th transaction in the Construction sector.
  • This is Audax Private Equity’s 147th transaction in the United States.
  • This is Audax Private Equity’s 13th transaction in California.

M&A Deal Summary

Date 2022-04-01
Target Monarch Landscape Companies
Sector Construction
Buyer(s) Audax Private Equity
Sellers(s) One Rock Capital Partners
Deal Type Secondary Buyout
Advisor(s) RBC Capital Markets
CCG Advisors LLC (Financial)

Target

Monarch Landscape Companies

Los Angeles, California, United States
Monarch Landscape Companies is a provider of commercial landscaping services. Monarch Landscape Companies was founded in 1969 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 152 of 167
Sector (Construction) 4 of 4
Type (Secondary Buyout) 65 of 72
State (California) 13 of 14
Country (United States) 147 of 158
Year (2022) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Flow Control Holdings

Cincinnati, Illinois, United States

Flow Control Holdings specialize in highly engineered sanitary and high purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. Flow Control Holdings was founded in 2018 and is based in Cincinnati, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Thermogenics

Aurora, Ontario, Canada

Thermogenics is a manufacturer of coil-tube steam and hot-water boilers and related equipment used in industrial, commercial, and institutional applications in the North American market. Thermogenics was founded in 1975 and is based in Aurora, Ontario.

Buy -

Seller(S) 1

SELLER

One Rock Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 2010
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.


DEAL STATS #
Overall 5 of 9
Sector (Construction) 1 of 1
Type (Secondary Buyout) 3 of 6
State (California) 1 of 2
Country (United States) 5 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Therm-O-Disc

Mansfield, Ohio, United States

Therm-O-Disc is a designer and manufacturer of safety-critical sensors, thermal cutoffs, and sealed connecting components primarily used in heating, ventilation and air conditioning, appliance, water heater, industrial, aerospace & defense, and transportation applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Prefere Resins Group

Erkner, Germany

Prefere Resins Group develops, produces and sells liquid and solid phenolic resins and is one of the major producers in the European market. Phenolic resins are used in the insulation, construction, automotive and engineering industries. Prefere Resins Group is based in Erkner, Germany.

Buy -