M&A Deal Summary

Broadview Group Holdings and EXI Investment Partners Acquire Certified Recycling

On April 25, 2022, growth capital firm Broadview Group Holdings and private equity firm EXI Investment Partners acquired environmental company Certified Recycling from Parallel49 Equity

Acquisition Highlights
  • This is Broadview Group Holdings’ 1st and EXI Investment Partners’ 1st transaction in the Environmental sector.
  • This is Broadview Group Holdings’ 2nd and EXI Investment Partners’ 1st transaction in the United States.
  • This is Broadview Group Holdings’ 1st and EXI Investment Partners’ 1st transaction in California.

M&A Deal Summary
Date 2022-04-25
Target Certified Recycling
Sector Environmental
Buyer(s) Broadview Group Holdings
EXI Investment Partners
Sellers(s) Parallel49 Equity
Deal Type Secondary Buyout

Target

Certified Recycling

Anaheim, California, United States
Certified Recycling is a provider of recycling and waste solutions services. Certified Recycling offers waste reduction services to over 1,000 customers in a variety of industries with our core focus being to provide significant cost savings to our clients while helping them achieve their environmental goals and stay in compliance with local, state, and federal mandates for their waste programs. Certified Recycling was established in 1977 and is based in Anaheim, California.

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Buyer(S) 2

Buyer

Broadview Group Holdings

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 2 of 3
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 2
State (California) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Millennium

Delavan, Wisconsin, United States

Millennium is a value-added distributor and service provider to the broadband infrastructure and related industries. Millennium provides products and solutions to over 2,500 customers comprised of networks, contractors, DOTs, municipalities, and utilities. In addition to industry-leading products, Millennium offers an extensive suite of services and capabilities to support the unique needs of each customer throughout every step of their network infrastructure project execution. Millennium was founded in 2004 and is based in Delavan, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Coffman Stair Parts

Plano, Texas, United States

Coffman Stair Parts is a provider in the residential stair parts industry within the United States. Coffman Stair Parts is a one-stop-shop for residential, interior, and open stairway construction. Coffman Stair Parts was founded in 1874 and is based in Plano. Texas.

Buy -
Buyer

EXI Investment Partners

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

EXI Investment Partners is a private equity fund investing in small and mid-size businesses. The Firm considers well-managed companies in the industrial and business services sectors. EXI Investment Partners is headquartered in Lake Forest, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Parallel49 Equity

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Parallel49 Equity is a private equity firm that invests in mid-sized companies in Canada and the US. The Firm concentrates its investment efforts in the Western and Mid-western regions of both countries. Target businesses generally have enterprise values of $25 to $150 million and are profitable with $5 to $30 million of EBITDA. Parallel49 pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies. Broad areas of interest include manufacturing, service, and distribution. Parallel49 will not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors. Parallel49 was formerly known as Tricor Pacific Capital. The Firm has offices in Vancouver, British Columbia, and Chicago, Illinois.

DEAL STATS #
Overall 18 of 22
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 5 of 7
State (California) 2 of 2
Country (United States) 7 of 11
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Kinetrex Energy

Indianapolis, Indiana, United States

Kinetrex Energy is a turn-key provider of environmentally friendly renewable natural gas (RNG) and liquid natural gas (LNG) solutions to customers in the transportation, industrial, agricultural, utility, and power industries. Kinetrex Energy is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Gold Standard Baking

Chicago, Illinois, United States

Gold Standard Baking is a full-service bakery specializing in a variety of laminated dough products including croissants, danishes and other sweet baked goods, which are sold through multiple channels in the food industry. Gold Standard Baking was established in 1987 and is based in Chicago, Illinois.

Sell -
Mergr

Product

Company

Legal