Recapitalization • Business Services

CenterOak Partners Acquires Now CFO

On June 30, 2025, private equity firm CenterOak Partners acquired business services company Now CFO

Acquisition Context
  • This is CenterOak Partners’ 3rd transaction in the Business Services sector.
  • This is CenterOak Partners’ 15th transaction in the United States.
  • This is CenterOak Partners’ 1st transaction in Utah.

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M&A Deal Summary

Date June 30, 2025
Target Now CFO
Sector Business Services
Buyer(s) CenterOak Partners
Deal Type Recapitalization

Target Company

Now CFO

Salt Lake City, Utah, United States
Now CFO offers a comprehensive suite of outsourced solutions, including controller as a service, staff accounting, interim CFO services, and financial reporting services. Now CFO was founded in 2005 and is absed in Salt Lake City, Utah.
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Buyer Overview 1

Buyer

CenterOak Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CenterOak Partners is a private equity firm focused on making control-oriented investments in middle-market companies operating in the industrial, consumer, and business services sectors. The Firm will consider opportunities throughout the US and targets companies valued between $50 to $500 million. Prospective transaction situations include buyouts, recapitalizations, consolidations, and non-core divestitures. CenterOak Partners was formed in 2014 and is headquartered in Dallas, Texas.


Deal Context for Buyer #
Overall 15 of 15
Sector: Business Services 3 of 3
Type: Recapitalization 4 of 4
State: Utah 1 of 1
Country: United States 15 of 15
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-14 Shamrock Environmental

Browns Summit, North Carolina, United States

Shamrock Environmental provides essential environmental services, including non-hazardous wastewater treatment, waste management, industrial services, and remediation. Leveraging the company’s owned Centralized Wastewater Treatment (“CWT”) facility and fleet of tankers and vacuum trucks, it provides mission-critical wastewater treatment and routine industrial services to customers in diverse end markets across the Southeast U.S. Shamrock Environmental was founded in 1994 and is based in Browns Summit, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-11 Turf Masters Brands

Roswell, Georgia, United States

Turf Masters Brands is a provider of recurring residential lawn, tree, and shrub care services. The Company serves over 130,000 customers annually, helping homeowners maximize turf and soil health through fertilization, seeding, aeration, weed control, and exterior insect control programs. Turf Masters Brands was founded in 2022 and is based in Roswell, Georgia.

Sell -