Investment Summary

Avance Invests In Synergy Equipment

On January 20, 2022, private equity firm Avance invested in business services company Synergy Equipment

Investment Highlights
  • This is Avance’s 1st transaction in the Business Services sector.
  • This is Avance’s 3rd transaction in the United States.
  • This is Avance’s 2nd transaction in Florida.

Investment Summary

Date 2022-01-20
Target Synergy Equipment
Sector Business Services
Investor(s) Avance
Deal Type Growth Capital

Target

Synergy Equipment

Valrico, Florida, United States
Synergy Equipment is a service and equipment provider that offers general equipment and specialty pump rentals with a focus on construction and infrastructure-related equipment including earthmoving, aerial, compact, material handling, compaction, pumps, and other tools and machinery. Synergy Equipment was founded in 2012 and is based in Valrico, Florida.

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Investor(S) 1

Investor
DESCRIPTION

Avance Investment Management is a private equity firm focused on acquiring US-based middle-market companies in the services and consumer sectors. Target companies are profitable with $10 to $75 million of EBITDA and up to $250 million in revenue. Prospective situations of interest include founder owned companies looking to transition or management teams seeking a growth partner. Avance Management is headquartered in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Business Services) 1 of 2
Type (Growth Capital) 2 of 5
State (Florida) 2 of 3
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 UniVista Insurance

Miami, Florida, United States

UniVista Insurance is a franchisor of insurance-related products and services. UniVista delivers industry leading insurance products and services in dynamic and innovative ways, leveraging technology, data and analytics to foster customer loyalty, employee professional growth and community recognition. UniVista Insurance was founded in 2006 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 RIA Advisory

Coral Gables, Florida, United States

RIA Advisory is a provider of revenue management solutions. The Company solves mission-critical problems for clients through a compelling combination of scalable Oracle platforms, highly differentiated proprietary IP, institutional knowledge of the revenue management space, and deep domain expertise across the financial services and healthcare verticals. RIA Advisory was founded in 2016 and is based in Coral Gables, Florida.

Buy -