M&A Deal Summary

Bluejay Capital and Southfield Mezzanine Capital Acquire Pacific West

On December 22, 2021, merchant bank Bluejay Capital and mezzanine finance firm Southfield Mezzanine Capital acquired construction company Pacific West

Acquisition Highlights
  • This is Bluejay Capital’s 1st and Southfield Mezzanine Capital’s 1st transaction in the Construction sector.
  • This is Bluejay Capital’s 2nd and Southfield Mezzanine Capital’s 14th transaction in the United States.
  • This is Bluejay Capital’s 1st and Southfield Mezzanine Capital’s 3rd transaction in Utah.

M&A Deal Summary
Date 2021-12-22
Target Pacific West
Sector Construction
Buyer(s) Bluejay Capital
Southfield Mezzanine Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Pacific West

Salt Lake City, Utah, United States
Pacific West is an industrial and mechanical contracting firm that provides a wide range of services to clients including the construction of railroad locomotive fueling facilities, rail yard air brake networks, wastewater treatment facilities, above and below ground mechanical facilities and security fencing. Additional services include 24/7 emergency response assistance, environmental remediation work, trenchless pipe activity, vacuum truck resources and a variety of ongoing maintenance services. Pacific West was formed in 1988 and is based in Salt Lake City, Utah.

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Buyer(S) 2

Buyer

Bluejay Capital

Investor Investor Investor Investor Investor

Category Merchant Bank
Size Small
Type Sector Focused
DESCRIPTION

Bluejay Capital is a merchant bank that invests in and provides M&A advisory services to companies operating in the transportation and logistics sectors. The Firm's investment unit looks to partner with founder-owned businesses throughout North America with $3 to $15 million of EBITDA and valued up to $120 million. Specific areas of interest include trucking, freight rail, rail services, ports/terminals, tech-enabled services, distribution, and logistics services. Bluejay Capital is based in Jacksonville Beach, Florida.

DEAL STATS #
Overall 2 of 4
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Utah) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 The Assembly Authority

Naperville, Illinois, United States

The Assembly Authority specializes in providing assembly and installation of outdoor, recreational, leisure time, and fitness products for consumers and commercial customers alike. The Assembly Authority is based in Naperville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Best Warehousing & Transportation

Atlanta, Georgia, United States

Best Warehousing & Transportation is a third-party logistics provider specializing in comprehensive, client-focused solutions, including transportation, warehousing and storage, logistics handling, and other services. Best Warehousing & Transportation is based in Atlanta, Georgia.

Buy -
Buyer

Southfield Mezzanine Capital

Category Mezzanine Finance Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Southfield Mezzanine Capital is a mezzanine finance provider that looks to invest $5 to $20 million to support profitable ($3+ million of EBITDA) manufacturing, business services, and distribution companies across the US. Prospective transaction situation include acquisition financings, growth capital financings, and recapitalizations. Southfield Mezzanine Capital was formed in 2013 and is headquartered in Greenwich, Connecticut.

DEAL STATS #
Overall 14 of 16
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (Utah) 3 of 3
Country (United States) 14 of 16
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Lignetics

Broomfield, Colorado, United States

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 REIC

Kalispell, Montana, United States

REIC is an equipment rental company that provides construction and industrial equipment for rent, as well as used equipment for sale. The Company operates equipment rental stores throughout the Mountain West region of the United States. REIC was founded in 2014 and is based in Kalispell, Montana.

Sell -
Mergr

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