M&A Deal Summary

BrandSafway Acquires Brace Industrial Group

On August 3, 2021, BrandSafway acquired business services company Brace Industrial Group from Sterling Partners Private Equity

Acquisition Highlights
  • This is BrandSafway’s 4th transaction in the Business Services sector.
  • This is BrandSafway’s 10th transaction in the United States.
  • This is BrandSafway’s 4th transaction in Texas.

M&A Deal Summary

Date 2021-08-03
Target Brace Industrial Group
Sector Business Services
Buyer(s) BrandSafway
Sellers(s) Sterling Partners Private Equity
Deal Type Add-on Acquisition

Target

Brace Industrial Group

Houston, Texas, United States
Brace Industrial Group provides scaffolding, insulation, painting, coating and fire-proofing services to a variety of leading industrial clients. The company serves the energy, petrochemical, manufacturing and agricultural sectors. Brace Industrial Group is based in Houston, Texas.

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Buyer(S) 1

Buyer

BrandSafway

Atlanta, Georgia, United States

Category Company
Founded 1919
Sector Business Services
Employees38,000
DESCRIPTION

BrandSafway is a provider of specialized services to the global energy, industrial, and infrastructure markets. Its range of service offerings includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring, and other complementary specialty services. Brand delivers its services through a network of more than 370 branches on six continents, with a focus on the major hydrocarbon and power generation markets globally. BrandSafway was founded in 1919 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 13 of 15
Sector: Business Services M&A 4 of 6
Type: Add-on Acquisition M&A Deals 12 of 14
State: Texas M&A 4 of 4
Country: United States M&A 10 of 11
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 JA Electronics

Stafford, Texas, United States

JA Electronics is a privately owned business, specializing in providing the corrosion control industry with cathodic protection equipment, custom-engineered using the latest technology. JA Electronics was founded in 1984 and is based in Stafford, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Gerüstbau Muehlhan

Hamburg, Germany

Gerüstbau Muehlhan is a full-service scaffolding provider that offers scaffold design, installation and dismantling services for customers in various end markets. Gerüstbau Muehlhan was founded in 1999 and is based in Hamburg, Germany.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $35 to $150 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 48 of 51
Sector: Business Services M&A 7 of 8
Type: Add-on Acquisition M&A Deals 32 of 34
State: Texas M&A 3 of 3
Country: United States M&A 46 of 49
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Results Physiotherapy

Nashville, Tennessee, United States

Results Physiotherapy is a physical therapy company in the U.S., operating a network of over 200 clinics in nine states and treating more than 125,000 patients annually. The company prides itself on its commitment to clinical excellence through employee training and clinical emphasis on individualized treatment through manual therapy, exercise, and education, ensuring evidence-based care for each patient. Results Physiotherapy was formed in 1996 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-23 DBi Services

Hazleton, Pennsylvania, United States

DBi Services provides infrastructure maintenance, operations and management solutions in North America and Europe for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. DBi Services was founded in 1978 and is based in Hazleton, Pennsylvania.

Sell -