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  6. Compass Group Equity Partners Invests In Hoist & Crane Service Group

Investment Summary

Compass Group Equity Partners Invests In Hoist & Crane Service Group

On June 28, 2023, private equity firm Compass Group Equity Partners invested in business services company Hoist & Crane Service Group

Investment Highlights
  • This is Compass Group Equity Partners’ 3rd transaction in the Business Services sector.
  • This is Compass Group Equity Partners’ 17th transaction in the United States.
  • This is Compass Group Equity Partners’ 2nd transaction in Louisiana.

Investment Summary
Date 2023-06-28
Target Hoist & Crane Service Group
Sector Business Services
Investor(s) Compass Group Equity Partners
Deal Type Stake Purchase

Target

Hoist & Crane Service Group

Jefferson, Louisiana, United States
Hoist & Crane Service Group is a provider of inspection, preventative maintenance, and repairs solutions to the overhead crane & hoist, industrial elevator, and overhead door markets. The company’s employees provide a variety of services ranging from OSHA inspections to full-service preventative maintenance on everything from overhead production cranes to small chain hoists for a broad array of industries including pulp and paper, manufacturing, petrochemical, nuclear, automotive, oil and gas (offshore, pipeline, and upstream), defense, and primary metals. Hoist & Crane Service Group was founded in 1976 and is based in Jefferson, Louisiana.

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Investor(S) 1

Investor

Compass Group Equity Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 17 of 17
Sector (Business Services) 3 of 3
Type (Stake Purchase) 1 of 1
State (Louisiana) 2 of 2
Country (United States) 17 of 17
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Anderson UnderBridge

York, South Carolina, United States

Anderson UnderBridge is a manufacturer and rental operator of mobile bridge inspection trailers and trucks used in the inspection and maintenance of bridges. Anderson UnderBridge was founded in 2005 and is based in York, South Carolina.

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