M&A Deal Summary

Boyne Capital Partners Acquires M Utility

On February 23, 2023, private equity firm Boyne Capital Partners acquired construction company M Utility

Acquisition Highlights
  • This is Boyne Capital Partners’ 1st transaction in the Construction sector.
  • This is Boyne Capital Partners’ 22nd transaction in the United States.
  • This is Boyne Capital Partners’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2023-02-23
Target M Utility
Sector Construction
Buyer(s) Boyne Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

M Utility

Prague, Oklahoma, United States
M Utility is a family-owned and operated business specializing in water and wastewater pipeline installation, replacement, tunnelling, boring for water, wastewater and stormwater utility customers. M Utility was founded in 1978 and is based in Prague, Oklahoma.

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Buyer(S) 1

Buyer

Boyne Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Boyne Capital Partners is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne was formed in 2006 and is based in Miami.

DEAL STATS #
Overall 23 of 27
Sector (Construction) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 15 of 17
State (Oklahoma) 1 of 1
Country (United States) 22 of 26
Year (2023) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Flatworld

Bangalore, India

Flatworld is a business process outsourcing and automation (BPO/BPA) company providing services to the following industries: banking, financial services, and insurance (BFSI), customer experience, healthcare, software development, IT-enabled services, engineering, and customs brokerage & logistics. Through its subsidiary, Quadratic Insights (“Quadratics”), the company also offers artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) solutions. Flatworld was founded in 2002 and is based in Bangalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Ryan Construction

Suffolk, Virginia, United States

Ryan Construction is a family owned and operated General Contractor specializing in concrete and industrial construction. Ryan Construction was founded in 1985 and is based in Suffolk, Virginia.

Buy -
Mergr

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