M&A Deal Summary

Calvert Street Capital Partners Acquires Rowland

On July 25, 2022, private equity firm Calvert Street Capital Partners acquired construction company Rowland

Acquisition Highlights
  • This is Calvert Street Capital Partners’ 1st transaction in the Construction sector.
  • This is Calvert Street Capital Partners’ 18th transaction in the United States.
  • This is Calvert Street Capital Partners’ 3rd transaction in Florida.

M&A Deal Summary
Date 2022-07-25
Target Rowland
Sector Construction
Buyer(s) Calvert Street Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Rowland

Pinellas Park, Florida, United States
Rowland is a provider of underground infrastructure services to municipal owners in West Central Florida. It has completed hundreds of millions of dollars worth of projects for governmental owners in the areas of manhole rehabilitation, lift station rehabilitation, sanitary sewer construction, storm sewer construction, water main construction, reclaimed water construction, concrete construction, road building, and emergency water and sewer repair. Rowland was formed in 1987 and is based in Pinellas Park, Florida.

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Buyer(S) 1

Buyer

Calvert Street Capital Partners

Lutherville, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 19 of 21
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (Florida) 3 of 3
Country (United States) 18 of 20
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Premium Inspection & Testing

Baton Rouge, Louisiana, United States

Premium Inspection & Testing is a premier provider of non-destructive testing and inspection services to midstream oil and gas companies as well as customers in the nuclear, civil infrastructure, and defense industries. Premium Inspection & Testing is based in Baton Rouge, Louisiana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Up to Date Laundry

Baltimore, Maryland, United States

Up To Date Laundry is a large healthcare laundry on the east coast, processing close to 70 million pounds of healthcare linen each year. It offers rental and customer-owned goods processing, as well as full exchange cart programs for hospitals in the Mid-Atlantic region. Its non-acute division, Up To Date Healthcare, offers a full line of healthcare linen rental items for doctor’s offices, surgery centers, hospital off-sites, and nursing homes.

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