M&A Deal Summary

Berkshire Partners Acquires 3Phase Elevator

On June 3, 2021, private equity firm Berkshire Partners acquired business services company 3Phase Elevator from Fort Point Capital

Acquisition Highlights
  • This is Berkshire Partners’ 7th transaction in the Business Services sector.
  • This is Berkshire Partners’ 83rd transaction in the United States.
  • This is Berkshire Partners’ 15th transaction in Massachusetts.

M&A Deal Summary
Date 2021-06-03
Target 3Phase Elevator
Sector Business Services
Buyer(s) Berkshire Partners
Sellers(s) Fort Point Capital
Deal Type Secondary Buyout
Advisor(s) William Blair
PwC Corporate Finance
Harvey & Company LLC (Financial)
Kirkland & Ellis (Legal)

Target

3Phase Elevator

Canton, Massachusetts, United States
3Phase Elevator is an independent provider of elevator maintenance, repair, and modernization services. 3Phase Elevator was founded in 1996 and is based in Canton, Massachusetts.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 94 of 101
Sector (Business Services) 7 of 7
Type (Secondary Buyout) 19 of 21
State (Massachusetts) 15 of 16
Country (United States) 83 of 89
Year (2021) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Point Broadband

West Point, Georgia, United States

Point Broadband is an internet service provider to residential and business customers in rural and suburban America. Point Broadband was established in 2016 and is based in West Point, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 PDQ.com

Salt Lake City, Utah, United States

PDQ.com is a provider of IT asset management software for small and medium-sized businesses. The company’s primary products are PDQ Deploy, automated patch management, software update, and endpoint communications application; and PDQ Inventory, an endpoint information collection and reporting application for software, hardware, and Windows configuration data. PDQ.com was founded in 2001 and is based in Salt Lake City, Utah.

Buy -

Seller(S) 1

SELLER

Fort Point Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Fort Point Capital is a private investment firm that targets smaller middle-market growth company investments. The Firm specifically looks for partnerships where firm expertise can help businesses realize their 'potential'. Sectors of interest include business services, healthcare, consumer, and software and information. Fort Point Capital was formed in 2009 and has offices in Boston and New York City.

DEAL STATS #
Overall 6 of 7
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 4 of 5
State (Massachusetts) 3 of 3
Country (United States) 6 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Barrington Media Group

Shelton, Connecticut, United States

Barrington Media Group is a technology-enabled marketing services business that focuses on direct response advertisements in traditional media channels, including television, audio, and direct mail. Barrington offers advertising services through both branded and generic models primarily to customers in the insurance, healthcare and consumer products and services verticals. Barrington Media Group was founded in 2003 and is based in Shelton, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Strata Information Group

San Diego, California, United States

Strata Information Group is a best-in-class provider of IT services to higher education institutions. The Company offers a range of services including software implementation, cloud migration, digital transformation, database administration, and ongoing support services. Strata Information Group was founded in 1987 and is based in San Diego, California.

Buy -
Mergr

Product

Company

Legal