M&A Deal Summary

BBH Capital Partners Acquires DynaGrid

On January 13, 2021, mezzanine finance firm BBH Capital Partners acquired engineering company DynaGrid from CIC Partners

Acquisition Highlights
  • This is BBH Capital Partners’ 1st transaction in the Engineering sector.
  • This is BBH Capital Partners’ 10th transaction in the United States.
  • This is BBH Capital Partners’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-01-13
Target DynaGrid
Sector Engineering
Buyer(s) BBH Capital Partners
Sellers(s) CIC Partners
Deal Type Secondary Buyout

Target

DynaGrid

Lewisville, Texas, United States
DynaGrid is an independent provider of subgrade and sitework services for electric utility transmission infrastructure. DynaGrid performs essential and technical services required to upgrade, harden and expand transmission infrastructure.

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Buyer(S) 1

Buyer

BBH Capital Partners

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.


DEAL STATS #
Overall 10 of 13
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 1 of 1
Country (United States) 10 of 13
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Sunstar Insurance Group

Memphis, Tennessee, United States

Sunstar Insurance Group is a regional insurance brokerage firm, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. Sunstar Insurance Group was formed in 2012 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 American Spraytech

Branchburg, New Jersey, United States

American Spraytech is a contract manufacturer of aerosol and continuous spray products for the cosmetics, personal care, and over-the-counter drug industries. American Spraytech was founded in 2003 and is based in Branchburg, New Jersey.

Buy -

Seller(S) 1

SELLER

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 29 of 29
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 8 of 8
State (Texas) 14 of 14
Country (United States) 28 of 28
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Tri State

Joaquin, Texas, United States

Tri-State is a provider of water transportation and disposal services primarily to oil and gas producers working in the Haynesville Shale. Its focus on safety, an experienced workforce, and a durable fleet of vehicles enable reliable project execution. Tri-State is based in Joaquin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 TSU One

Fort Worth, Texas, United States

TSU One is a utility services company providing maintenance, repair, and installation of natural gas and electric distribution infrastructure for residential and commercial end users. TSU has provided quality service to utilities in Texas and the surrounding regions for over 20 years through its highly-trained workforce, well-maintained equipment, and stringent safety program. TSU One is based in Fort Worth, Texas.

Buy -