M&A Deal Summary

Calera Capital Acquires Thayer Power and Communications

On March 30, 2020, private equity firm Calera Capital acquired construction company Thayer Power and Communications

Acquisition Highlights
  • This is Calera Capital’s 1st transaction in the Construction sector.
  • This is Calera Capital’s 30th transaction in the United States.
  • This is Calera Capital’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2020-03-30
Target Thayer Power and Communications
Sector Construction
Buyer(s) Calera Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Thayer Power and Communications

Pataskala, Ohio, United States
Thayer Power and Communications is a provider of utility lines and related wiring and construction services. Thayer maintains a reputation for reliable, quality construction and repair of power and communication lines primarily in the states. Thayer Power and Communications was founded in 1964 and is based in Pataskala, Ohio.

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Buyer(S) 1

Buyer

Calera Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Calera Capital Partners LP is a private equity firm that targets investments in mid-sized North American businesses valued up to $750 million. Calera Capital looks to invest at least $35 million of equity capital per transaction. Target industries include manufacturing, software, healthcare, consumer products and services. Prospective transaction situations include leveraged recapitalizations of privately held companies, restructurings, growth financings/acquisitions, corporate spin-offs, and take-private situations. Calera seeks businesses with leading market positions, attractive margins, and strong organic growth. Calera Capital was formerly known as Fremont Partners, a unit of the Fremont Group. Calera Capital was formed in 1991 and has offices in San Francisco, California and Boston, Massachusetts.


DEAL STATS #
Overall 33 of 35
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 23 of 23
State (Ohio) 2 of 2
Country (United States) 30 of 32
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Risk Transfer Group

Jersey, United Kingdom

Risk Transfer Group Ltd. provides insurance and reinsurance solutions in broking, underwriting and captive management in most major global wholesale markets. The company's brands include RFIB, the leading independent wholesale broker and Limehouse Agencies the fast-growing MGA and captive manager.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 FitzMark

Indianapolis, Indiana, United States

FitzMark is a nationwide third-party logistics firm serving truckload, flatbed, refrigerated, and less-than-truckload freight markets. FitzMark provides best-in-class service to its customers and carriers by investing in its team of dedicated transportation professionals and honing its custom-developed transportation management software, DASH. FitzMark was founded in 2006 and is based in Indianapolis, Indiana.

Buy -