M&A Deal Summary

CIVC Partners Acquires Track Utilities

On June 5, 2014, private equity firm CIVC Partners acquired infrastructure company Track Utilities from VVS Capital and Panton Equity Partners

Acquisition Highlights
  • This is CIVC Partners’ 1st transaction in the Infrastructure sector.
  • This is CIVC Partners’ 49th transaction in the United States.
  • This is CIVC Partners’ 1st transaction in Idaho.

M&A Deal Summary

Date 2014-06-05
Target Track Utilities
Sector Infrastructure
Buyer(s) CIVC Partners
Sellers(s) VVS Capital
Panton Equity Partners
Deal Type Secondary Buyout
Advisor(s) Stifel (Financial)
Dorsey & Whitney (Legal)

Target

Track Utilities

Meridian, Idaho, United States
Track Utilities LLC provides mission-critical electric and telecommunications infrastructure services in the Northwest and Intermountain West. Track has deep, long-standing relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services.

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Buyer(S) 1

Buyer

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 50 of 77
Sector: Infrastructure M&A 1 of 2
Type: Secondary Buyout M&A Deals 9 of 15
State: Idaho M&A 1 of 1
Country: United States M&A 49 of 73
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 BrightView

Blue Bell, Pennsylvania, United States

BrightView is a provider of commercial landscaper, designs, creates, and maintains the landscapes on earth and provides comprehensive snow and ice removal services. BrightView was founded in 1939 and is based in Blue Bell, Pennsylvania.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 Pacific Crest Securities

Portland, Oregon, United States

Pacific Crest Securities is a investment bank focused exclusively on technology. The firm is a full-service investment bank providing research, institutional sales and trading, and investment banking services to technology investors and companies worldwide.

Sell -

Seller(S) 2

SELLER

VVS Capital

Marietta, Georgia, United States

Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

VVS Capital LLC is a private investment firm that seeks middle-market company investments. The Firm targets profitable businesses with predictable cash flows ($3 to $25 million of EBITDA), defensible competitive advantages, and differentiated products. Areas of interest include energy, logistics, healthcare, financial services, and business services. VVS Capital LLC was formed in 2007 and is based in Marietta, Georgia.


DEAL STATS #
Overall 2 of 2
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Idaho M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Track Utilities

Meridian, Idaho, United States

Track Utilities LLC provides mission-critical electric and telecommunications infrastructure services in the Northwest and Intermountain West. Track has deep, long-standing relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services.

Buy -
DESCRIPTION

Panton Equity Partners is a private equity firm focused on acquiring lower middle-market companies with up to $200 million of revenue. Panton looks to invest in service companies, including financial services, infrastructure services, and transportation/logistics with minimal capital expenditure requirements and highly scalable platforms. Panton Equity Partners was established in 2012 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 3
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Idaho M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Track Utilities

Meridian, Idaho, United States

Track Utilities LLC provides mission-critical electric and telecommunications infrastructure services in the Northwest and Intermountain West. Track has deep, long-standing relationships with the major electric utilities and telecom providers in its territory and is unique in its ability to offer customers a full suite of aerial telecom, underground telecom, overhead electric, underground electric, joint utility trenching, and directional drilling services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Commonground/MGS

New York, New York, United States

Commonground/MGS is an independent multicultural advertising and communications agency in the United States. Commonground/MGS was founded in 2004 and is based in New York, New York.

Buy $55M