M&A Deal Summary

Clairvest Group Acquires Wyoming Downs

On May 17, 2024, private equity firm Clairvest Group acquired media company Wyoming Downs

Acquisition Highlights
  • This is Clairvest Group’s 1st transaction in the Media sector.
  • This is Clairvest Group’s 29th transaction in the United States.
  • This is Clairvest Group’s 1st transaction in Wyoming.

M&A Deal Summary
Date 2024-05-17
Target Wyoming Downs
Sector Media
Buyer(s) Clairvest Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Wyoming Downs

Evanston, Wyoming, United States
Wyoming Downs is a racetrack that offers live simulcast races and historic horse racing games. Wyoming Downs is based in Evanston, Wyoming.

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Buyer(S) 1

Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.

DEAL STATS #
Overall 53 of 53
Sector (Media) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 24 of 24
State (Wyoming) 1 of 1
Country (United States) 29 of 29
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 NexTech Solutions

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NexTech Solutions provides integrated systems engineering, testing and evaluation, and operational support using hardware, software and subject matter experts to support U.S. DoD missions. NexTech Solutions is focused on developing cutting-edge technology, products, and mission support solutions for the warfighter. NexTech Solutions was founded in 2013 and is based in Tampa, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Durante Rentals

New Rochelle, New York, United States

Durante Rentals is an independent construction equipment rental provider in the New York Metropolitan area. Durante Rentals primarily serves small to mid-sized contractors through a network of 10 branches across New York, New Jersey, and Connecticut. Durante Rentals was founded in 2009 and is based in New Rochelle, New York.

Sell -
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