M&A Deal Summary

Brightstar Capital Partners Acquires Amerit Fleet Solutions

On December 28, 2020, private equity firm Brightstar Capital Partners acquired automotive company Amerit Fleet Solutions from Ridgemont Equity Partners

Acquisition Highlights
  • This is Brightstar Capital Partners’ 1st transaction in the Automotive sector.
  • This is Brightstar Capital Partners’ 7th transaction in the United States.
  • This is Brightstar Capital Partners’ 1st transaction in California.

M&A Deal Summary

Date 2020-12-28
Target Amerit Fleet Solutions
Sector Automotive
Buyer(s) Brightstar Capital Partners
Sellers(s) Ridgemont Equity Partners
Deal Type Secondary Buyout

Target

Amerit Fleet Solutions

Walnut Creek, California, United States
Amerit Fleet Solutions provides repair and maintenance services for vehicle fleet owners and operators across North America, operating via a collection of mobile repair units, branch locations, and on-site customer locations. Amerit Fleet Solutions was founded in 2010 and is based in Walnut Creek, California.

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Buyer(S) 1

Buyer
DESCRIPTION

Brightstar Capital Partners is a middle-market private equity firm focused on partnering with closely held and family-owned companies. Sectors of interest include business services, consumer products/services, and industrials. Brightstar Capital Partners was established in 2015 and is based in New York City.


DEAL STATS #
Overall 7 of 16
Sector (Automotive) 1 of 2
Type (Secondary Buyout) 1 of 5
State (California) 1 of 2
Country (United States) 7 of 15
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Likewize

Southlake, Texas, United States

Likewize offers comprehensive protection against any technology disruption. Whether a device is lost, stolen, damaged, malfunctioning, in need of an upgrade or the user does not know how to do something, the company provides the solution. It operates in over 30 countries, resolving 250 million problems each year across insurance, warranty, repairs, trade-ins, recycling, and premium tech support. Likewize was founded in 1997 and is based in Southlake, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Astrion

Burlington, Massachusetts, United States

Astrion is a provider of cutting-edge services that boost preparedness, optimize performance, and ensure mission success. The company’s experience and passion are evident with each engagement, with deep expertise in cybersecurity, digital solutions, mission support, and systems engineering, Astrion delivers Results with Impact. Astrion is based in Burlington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 82 of 91
Sector (Automotive) 3 of 4
Type (Secondary Buyout) 22 of 24
State (California) 5 of 5
Country (United States) 71 of 80
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Anne Arundel Dermatology

Annapolis, Maryland, United States

Anne Arundel Dermatology is a provider of dermatological services in Maryland, Virginia, and Tennessee. ADM offers a comprehensive suite of dermatologic services, offering general dermatology, advanced treatment options for skin cancer, and cosmetic procedures. Anne Arundel Dermatology was founded in 2015 and is based in Annapolis, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Dickinson Fleet Services

Indianapolis, Indiana, United States

Dickinson Fleet Services LLC is a provider of on-site mobile maintenance and repair services nationwide, offering mobile on-site fleet service for light medium, and heavy-duty trucks and trailers. Dickinson Fleet Services was founded in 1997 and is headquartered in Indianapolis, Indiana.

Sell -