Investment Summary

Bessemer Investment Invests In Legacy Restoration

On August 9, 2021, family office Bessemer Investment invested in construction company Legacy Restoration

Investment Highlights
  • This is Bessemer Investment’s 1st transaction in the Construction sector.
  • This is Bessemer Investment’s 4th transaction in the United States.
  • This is Bessemer Investment’s 1st transaction in Minnesota.

Investment Summary
Date 2021-08-09
Target Legacy Restoration
Sector Construction
Investor(s) Bessemer Investment
Deal Type Stake Purchase
Advisor(s) Waller Helms Advisors (Financial)

Target

Legacy Restoration

Plymouth, Minnesota, United States
Legacy Restoration is a provider of restoration and remodeling services, including roofing, windows, siding, and gutters to residential and commercial markets. The Company is among few players of scale with significant restoration expertise, both insurance and retail, a reputation for high-quality products and services, and focus on serving local markets. Legacy Restoration was formed in 2011 and is headquartered in Plymouth, Minnesota and also has offices in Lombard, Illinois, and Centennial, Colorado.

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Investor(S) 1

Investor

Bessemer Investment

Investor Investor Investor Investor Investor

Category Family Office
Founded 2018
Size Large
Type Sector Agnostic
DESCRIPTION

Bessemer Investment Partners is a private investment firm focused on minority or majority investments in established US-based companies valued between $75 and $500 million. The Firm looks to commit $50 to $150 million in profitable businesses with $5 to $50 million of EBITDA. Sectors of interest include aerospace, defense, building products, industrial equipment, packaging, plastics, business services, consumer products/services, testing, insurance, and value-added distribution. The Firm will consider a variety of investment situations including growth capital financings, buyouts, consolidations, take privates, and divestitures. Bessemer Investment Partners is headquartered in New York City.

DEAL STATS #
Overall 5 of 8
Sector (Construction) 1 of 1
Type (Stake Purchase) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 4 of 7
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Leonard Valve

Cranston, Rhode Island, United States

Leonard Valve is a designer and manufacturer of water temperature control valves and monitoring devices used in institutional and commercial applications. Leonard Valve was formed in 1913 and is based in Cranston, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Tencarva

Greensboro, North Carolina, United States

Tencarva is a distributor of the finest process equipment and services to Industrial and Municipal customers throughout the Southeast United States. Tencarva was founded in 1978 and is based in Greensboro, North Carolina.

Buy -
Mergr

Product

Company

Legal