M&A Deal Summary

Carousel Capital Acquires McCorquodale Transfer

On July 13, 2023, private equity firm Carousel Capital acquired business services company McCorquodale Transfer

Acquisition Highlights
  • This is Carousel Capital’s 4th transaction in the Business Services sector.
  • This is Carousel Capital’s 36th transaction in the United States.
  • This is Carousel Capital’s 7th transaction in Alabama.

M&A Deal Summary
Date 2023-07-13
Target McCorquodale Transfer
Sector Business Services
Buyer(s) Carousel Capital
Deal Type Recapitalization

Target

McCorquodale Transfer

Birmingham, Alabama, United States
McCorquodale Transfer focuses its service offering on interior design clients and their end-customers, providing mission-critical outsourced services such as receiving, warehousing, moving, delivery, and installation. MTI also provides concierge relocation services to residential customers and commercial clients. McCorquodale Transfer was founded in 1995 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 36 of 37
Sector (Business Services) 4 of 5
Type (Recapitalization) 11 of 12
State (Alabama) 7 of 7
Country (United States) 36 of 37
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Reliance Partners

Chattanooga, Tennessee, United States

Reliance Partners is a commercial insurance broker serving the transportation industry. Reliance Partners specializes exclusively in commercial transportation risk management solutions, a unique differentiator within the highly fragmented insurance brokerage industry. Reliance Partners was founded in 2009 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 ORC

Charlotte, North Carolina, United States

ORC provides a comprehensive suite of turnkey solutions covering all aspects of the ROW process including planning, title support, appraisal, right-of-way negotiation, property management, and relocation assistance. ORC was founded in 1969 and is based in Charlotte, North Carolina.

Buy -
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