M&A Deal Summary |
|
|---|---|
| Date | 2022-12-22 |
| Target | A1 Garage Door Service |
| Sector | Consumer Services |
| Buyer(s) |
Cortec Group
Audax Private Debt |
| Deal Type | Recapitalization |
| Advisor(s) | Cowen Group, Inc. (Financial) Foley & Lardner LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 6.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with revenues of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 48 |
| Sector (Consumer Services) | 2 of 2 |
| Type (Recapitalization) | 11 of 11 |
| State (Arizona) | 2 of 2 |
| Country (United States) | 47 of 47 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-18 |
Four Seasons
Chicago, Illinois, United States Four Seasons is a provider of residential HVAC replacement and repair services including Chicagoland HVAC installation, Chicagoland HVAC repair, and air quality solutions. Four Seasons was formed in 1971 and is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-31 |
Harmar
Sarasota, Florida, United States Harmar is a designer, manufacturer, and marketer of mobility and accessibility solutions for individuals who use power wheelchairs/scooters or are otherwise mobility impaired. Harmar was founded in 1998 and is based in Sarasota, Florida. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 67 |
| Sector (Consumer Services) | 4 of 4 |
| Type (Recapitalization) | 4 of 4 |
| State (Arizona) | 2 of 2 |
| Country (United States) | 61 of 65 |
| Year (2022) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-01 |
Ned Stevens
Fairfield, New Jersey, United States Ned Stevens provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned Stevens was founded in 1965 and is based in Fairfield, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-12 |
Tower Engineering Professionals
Raleigh, North Carolina, United States Tower Engineering Professionals is an operator of engineering services firm focused on serving the telecommunications industry. Tower Engineering Professionals' services include structural analysis, civil engineering, surveying; environmental, inspection, geotechnical, renewable energy, residential, commercial, plumbing, mechanical, and electrical, and structural modification and design. Tower Engineering Professionals was founded in 1997 and is based in Raleigh, North Carolina. |
Buy | - |
