M&A Deal Summary

Carousel Capital Acquires ORC

On March 7, 2024, private equity firm Carousel Capital acquired business services company ORC

Acquisition Highlights
  • This is Carousel Capital’s 5th transaction in the Business Services sector.
  • This is Carousel Capital’s 37th transaction in the United States.
  • This is Carousel Capital’s 13th transaction in North Carolina.

M&A Deal Summary
Date 2024-03-07
Target ORC
Sector Business Services
Buyer(s) Carousel Capital
Deal Type Recapitalization
Advisor(s) ICG Capital Securities (Financial)
Tripp Scott (Legal)

Target

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.

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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 37 of 37
Sector (Business Services) 5 of 5
Type (Recapitalization) 12 of 12
State (North Carolina) 13 of 13
Country (United States) 37 of 37
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 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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Legal