M&A Deal Summary

Borgman Capital Acquires KG Stevens

On October 12, 2022, private equity firm Borgman Capital acquired business services company KG Stevens

Acquisition Highlights
  • This is Borgman Capital’s 2nd transaction in the Business Services sector.
  • This is Borgman Capital’s 9th transaction in the United States.
  • This is Borgman Capital’s 7th transaction in Wisconsin.

M&A Deal Summary

Date 2022-10-12
Target KG Stevens
Sector Business Services
Buyer(s) Borgman Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) TKO Miller (Financial)

Target

KG Stevens

Milwaukee, Wisconsin, United States
KG Stevens is a manufacturer, wholesaler, and installer of quartz, stone, solid surface, and porcelain countertops. K.G. Stevens works with dealers, remodelers, builders, architects, and interior designers both in the new build and remodeling segments of commercial and residential end-markets. KG Stevens was founded in 1997 and is based in Milwaukee, Wisconsin.

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Buyer(S) 1

DESCRIPTION

Borgman Capital is a private investment firm focused on acquiring majority interests in established, lower middle-market companies valued less then $50 million. The Firm does not have any stated sector preferences but prefers profitable companies with management that wishes to remain in place. Borgman Capital was formed in 2017 and is headquartered in Milwaukee, Wisconsin.


DEAL STATS #
Overall 9 of 11
Sector: Business Services M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 8
State: Wisconsin M&A 7 of 8
Country: United States M&A 9 of 11
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Durex Products

Luck, Wisconsin, United States

Durex Products manufactures a variety of replacement parts for mineral processing equipment including screen media (metal wire and urethane options), liners and other wear components. Durex’s products can primarily be found in the vibrating screener component of mineral processing rigs used at quarries. Durex primarily services the aggregate (sand, gravel, fine rock) and hard rock mining (crushed rock, cement) industries, selling products through a network of dealers. Durex Products was formed in 1965 and is based in Luck, Wisconsin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Continuus Technologies

Milwaukee, Wisconsin, United States

Continuus Technologies is a data analytics and cloud consulting firm that transforms chaotic enterprise data into structured, actionable insights through services like data strategy, governance, cloud migration, and AI-powered analytics. Continuus Technologies was founded in 2011 and is based in Milwaukee, Wisconsin.

Buy -