M&A Deal Summary

Braemont Capital Acquires Loenbro

On February 6, 2024, private equity firm Braemont Capital acquired construction company Loenbro from Tailwind

Acquisition Highlights
  • This is Braemont Capital’s 1st transaction in the Construction sector.
  • This is Braemont Capital’s 2nd transaction in the United States.
  • This is Braemont Capital’s 1st transaction in Colorado.

M&A Deal Summary

Date 2024-02-06
Target Loenbro
Sector Construction
Buyer(s) Braemont Capital
Sellers(s) Tailwind
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc.
BlackArch (Financial)
Davis Polk & Wardwell (Legal)

Target

Loenbro

Westminster, Colorado, United States
Loenbro is a provider of specialized services to the energy, industrial, and infrastructure markets. Its range of service offerings includes inspection, industrial maintenance, instrumentation and electrical, industrial insulation and coatings, pipeline construction, and other complementary specialty services. Loenbro was formed in 1998 and is based in Black Eagle, Montana.

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Buyer(S) 1

DESCRIPTION

Braemont Capital is a private equity firm focused on partnering with families, entrepreneurs, and management teams in North American businesses with growth potential. The Firm prefers control positions and seeks companies in the business services, financial services, and technology sectors. Braemont typically commits $25 to $200 million per transaction. Braemont Capital was founded in 2021 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Vixxo

Scottsdale, Arizona, United States

Vixxo is a technology-enabled asset management and business insight company specializing in integrated facilities management. It maintains over 1.1 million revenue-generating assets for many Fortune 500 clients in the restaurant, retail, convenience store and grocery industries. Vixxo was founded in 1980 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 33 of 34
Sector (Construction) 1 of 1
Type (Secondary Buyout) 13 of 14
State (Colorado) 3 of 3
Country (United States) 33 of 34
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Lone Peak Dental Group

Englewood, Colorado, United States

Lone Peak Dental Group is a dental services organization focusing on the underserved pediatric market segment. Lone Peak Dental Group was founded in 2003 and is based in Englewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 GrayMatter

Warrendale, Pennsylvania, United States

Gray Matter is a technology and consulting company, committed to transforming operations and empowering people in critical infrastructure environments. Gray Matter was founded in 1991 and is based in Warrendale, Pennsylvania.

Sell -