M&A Deal Summary

Chicago Growth Partners and Goldman Sachs Merchant Banking Acquire Paramount Services

On September 7, 2006, growth capital firm Chicago Growth Partners and private equity firm Goldman Sachs Merchant Banking acquired construction company Paramount Services for 66M USD

Acquisition Highlights
  • This is Chicago Growth Partners’ 1st and Goldman Sachs Merchant Banking’s 1st transaction in the Construction sector.
  • This is Chicago Growth Partners’ and Goldman Sachs Merchant Banking’s 49th largest (disclosed) transaction.
  • This is Chicago Growth Partners’ 15th and Goldman Sachs Merchant Banking’s 22nd transaction in the United States.
  • This is Chicago Growth Partners’ 1st and Goldman Sachs Merchant Banking’s 1st transaction in Virginia.

M&A Deal Summary
Date 2006-09-07
Target Paramount Services
Sector Construction
Buyer(s) Chicago Growth Partners
Goldman Sachs Merchant Banking
Deal Type Recapitalization
Deal Value 66M USD

Target

Paramount Services

Sterling, Virginia, United States
Paramount Services is a provider of kitchen and bath renovations for the REIT industry. Paramount Services was founded in 1998 and is based in Sterling, Virginia.

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Buyer(S) 2

Buyer

Chicago Growth Partners

Chicago, Illinois, United States
Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.

DEAL STATS #
Overall 15 of 34
Sector (Construction) 1 of 1
Type (Recapitalization) 2 of 12
State (Virginia) 1 of 2
Country (United States) 15 of 33
Year (2006) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 PRIMIS Marketing Group

Chicago, Illinois, United States

PRIMIS Marketing Group, Inc. is a provider of integrated information marketing solutions to middle market companies. PRIMIS combines best-in-class services and technologies in data sourcing and enhancement, modeling and analysis, data management, and optimization to enable its clients to acquire and retain profitable customer relationships.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-19 Excelligence Learning

Monterey, California, United States

Excelligence Learning is a developer, manufacturer, distributor, and multi-channel retailer of educational products. The company provides a full-line selection of branded, private label, and proprietary products across several categories, including arts and crafts, infant and toddler, active play, dramatic play, furniture and equipment, math, language, and science. Excelligence Learning was formed in 1985 and is headquartered in Monterey, California.

Sell -
Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 33 of 182
Sector (Construction) 1 of 1
Type (Recapitalization) 1 of 5
State (Virginia) 1 of 6
Country (United States) 22 of 126
Year (2006) 7 of 8
Size (of disclosed) 49 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-25 Brenntag

Mulheim An Der Ruhr, Germany

Brenntag GmbH is a chemical distributor providing a one-stop shop for more than 150,000 customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-29 IPC Systems

Jersey City, New Jersey, United States

IPC Systems is a global provider of mission-critical network services and trading communication technology to the financial markets community. IPC Systems was founded in 1973 and is based in Jersey City, New jersey.

Sell $800M
Mergr

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