M&A Deal Summary

Caymus Equity Partners, abrdn Private Equity and Plexus Capital Acquire Colorado Barricade

On May 31, 2021, private equity firms Caymus Equity Partners, abrdn Private Equity and Plexus Capital acquired safety/security company Colorado Barricade

Acquisition Highlights
  • This is Caymus Equity Partners’ 1st, abrdn Private Equity’s 1st and Plexus Capital’s 2nd transaction in the Safety/Security sector.
  • This is Caymus Equity Partners’ 13th, abrdn Private Equity’s 2nd and Plexus Capital’s 89th transaction in the United States.
  • This is Caymus Equity Partners’ 1st, abrdn Private Equity’s 1st and Plexus Capital’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2021-05-31
Target Colorado Barricade
Sector Safety/Security
Buyer(s) Caymus Equity Partners
abrdn Private Equity
Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Colorado Barricade

Denver, Colorado, United States
Colorado Barricade is a full-service provider of roadway safety, pavement marking, traffic control, and sign installation solutions for commercial customers, utility contractors, and roadway infrastructure maintenance providers. Colorado Barricade was founded in 1970 and is based in Denver, Colorado.

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Buyer(S) 3

Buyer

Caymus Equity Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Caymus Equity Partners LLC is a private equity firm that looks to partner with management to acquire and grow profitable, lower middle-market companies valued between $10 and $100 million. The Firm looks for situations where companies lack the resources, capital, and strategic guidance needed to realize their full potential. Sectors of interest include business services, healthcare services, consumer products/services, and industrials. Caymus Equity Partners was formed in 2001 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 13 of 16
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Colorado) 1 of 1
Country (United States) 13 of 16
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 PlanIT Group

Alpharetta, Georgia, United States

PlanIT Group is a full-service management and technology consulting firm providing professional IT consulting and staffing services for the global healthcare, government, and commercial sectors with an operating footprint throughout North America and Western Europe. PlanIT Group was founded in 2014 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Phoenix Aromas

Norwood, New Jersey, United States

Phoenix Aromas is a value-added distributor of essential oils, aroma chemicals, absolutes, and oleoresins. These flavor and fragrance components serve as the foundation of hundreds of end products in the growing markets of food & beverage, fragrance, and personal care. Phoenix Aromas was founded in 1994 and is based in Norwood, New Jersey.

Sell -
Buyer

abrdn Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 13.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

abrdn Private Equity is the direct infrastructure investment arm of asset manager abdrn plc (formerly Aberdeen Standard Investments). The Group looks to invest in operational assets and build a diversified portfolio across utilities, transport and energy infrastructure in Europe and North America. abrdn Private Equity operates out of Edinburgh and London.

DEAL STATS #
Overall 7 of 7
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 City of London

London, United Kingdom

City of London is a provider of local government and policing services for the financial and commercial industry. City of London is based in London, United Kingdom.

Buy -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 89 of 97
Sector (Safety/Security) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 41 of 48
State (Colorado) 3 of 4
Country (United States) 89 of 97
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Conexiant

Tampa, Florida, United States

Conexiant is a video content marketing and education company focused on engaging medical professionals. Conexiant helps the world’s leading hospitals, medical devices, pharmaceuticals, and medical education companies develop comprehensive digital and mobile video strategies to reach physicians, providers, and medical students. Conexiant was founded in 1994 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 McDaniel Metals

Houston, Texas, United States

McDaniel Metals is a designer and manufacturer of heating, ventilation, and air conditioning (“HVAC”) components used in residential and commercial end markets. McDaniel Metals is based in Houston, Texas.

Buy -
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