M&A Deal Summary

BlackEagle Partners Acquires InStar Services Group

On August 20, 2008, private equity firm BlackEagle Partners acquired safety/security company InStar Services Group from Terminix

Acquisition Highlights
  • This is BlackEagle Partners’ 1st transaction in the Safety/Security sector.
  • This is BlackEagle Partners’ 4th transaction in the United States.
  • This is BlackEagle Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2008-08-20
Target InStar Services Group
Sector Safety/Security
Buyer(s) BlackEagle Partners
Sellers(s) Terminix
Deal Type Divestiture
Advisor(s) Morgan Keegan & Company, Inc. (Financial)

Target

InStar Services Group

Troy, Michigan, United States
InStar Services Group is a leading national disaster response and restoration company formed through the acquisition of four leading regional companies in the disaster response and restoration industry. InStar responds on an emergency basis following routine events such as fires and water line breaks as well as large-scale catastrophic events such as hurricanes, floods and tornadoes. Through its network of 24 full-service offices throughout the Eastern, Southern and Southwestern United States, InStar provides a full complement of restoration and reconstruction services to property owners/managers, commercial customers, insurers and individual homeowners.

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Buyer(S) 1

Buyer

BlackEagle Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

BlackEagle Partners is a private investment firm that targets both financially sound businesses as well as distressed companies in need of operational improvement. Targeted distressed situations include divestitures, companies in breach of their covenants, companies in or near bankruptcy, businesses impacted by 'external shocks and globalization', and businesses in out-of-favor industries. Prospective companies generally have revenues of $25 to $250 million and EBITDA of up to $15 million. BlackEagle's target investment size is $5 to $40 million and the firm only considers control positions. Sectors of interest include aerospace/defense, building products, construction services, consumer products, distribution, healthcare products/services, industrial products/services, natural resources, niche manufacturing, and transportation. BlackEagle Partners was formed in 2007 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 4 of 6
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 2 of 2
Country (United States) 4 of 6
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-15 Eurodesign Cabinets

Pomona, California, United States

Eurodesign Cabinets, Inc. is a manufacturer and installer of high-end kitchen cabinets. Eurodesign produces a broad range of customized cabinetry for quality builders and architects in the western U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-03 US LBM

Atlanta, Georgia, United States

US LBM is a distributor of specialty building materials and offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components, and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. US LBM was founded in 2009 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Terminix

Memphis, Tennessee, United States

Category Company
Founded 1929
Sector Consumer Services
Employees11,400
Revenue 2.0B USD (2021)
DESCRIPTION
Terminix's corporate headquarters in downtown Memphis, Tennessee.
Terminix's corporate headquarters in downtown Memphis, Tennessee.

Terminix is a provider of residential and commercial pest management. The Company provides pest management services and protection against termites, mosquitoes, rodents and other pests. Terminix is based in Memphis, Tennessee.


DEAL STATS #
Overall 3 of 5
Sector (Safety/Security) 1 of 1
Type (Divestiture) 3 of 5
State (Michigan) 1 of 1
Country (United States) 3 of 5
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 American Mechanical Services

Laurel, Maryland, United States

American Mechanical Services (AMS) is one of the nation’s providers of commercial heating, ventilation, and air conditioning (HVAC) maintenance, repair, replacement, and new equipment installation, as well as plumbing and related services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 TruGreen

Memphis, Tennessee, United States

TruGreen is an operator of a lawn care company that offers lawn, tree and shrub care services. TruGreen was founded in 1973 and is based in Memphis, Tennessee.

Sell -