M&A Deal Summary |
|
|---|---|
| Date | 2020-01-17 |
| Target | Groundworks |
| Sector | Construction |
| Buyer(s) |
Cortec Group
Twin Brook Capital Partners Golub Capital Adams Street Partners KKR |
| Sellers(s) | Succession Capital Partners |
| Deal Type | Recapitalization |
| Advisor(s) | Harris Williams (Financial) Moore & Van Allen (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 equity 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 | 41 of 49 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 5 of 11 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 40 of 48 |
| Year (2020) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-19 |
ECS Tuning
Wadsworth, Ohio, United States ECS Tuning is a provider of designs, produces, and sells proprietary parts and kits for a rapidly growing number of automotive makes and models, and it partners with hundreds of other performance brands to bring the enthusiast community an unparalleled customer experience. ECS Tuning is based in Wadsworth, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-24 |
Lap of Love Veterinary Hospice
Lutz, Florida, United States Lap of Love Veterinary Hospice is a provider of end of life care for companion animals, offering consultations, hospice care, and euthanasia, and related aftercare services. Lap of Love Veterinary Hospice was founded in 2009 and is based in Lutz, Florida. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 22.3B USD |
| Size | Mega |
| Type | Sector Agnostic |
Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 25 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 3 of 6 |
| State (Virginia) | 3 of 3 |
| Country (United States) | 13 of 24 |
| Year (2020) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-17 |
Empire Equipment
Raleigh, North Carolina, United States Empire Equipment is a wholesale distributor of commercial foodservice equipment and genuine OEM parts into diverse markets, including food service equipment dealers, service organizations, buying groups, and national chain accounts. Empire Equipment was founded in 1985 and is based in Raleigh, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-08 |
PaperTech
Bingham Farms, Michigan, United States PaperTech is a manufacturer of paperboard packaging products for major food brands, contract food packagers, food service operations, as well as for commercial bakeries, quick-serve restaurants, and “take-and-bake” pizza companies. PaperTech was founded in 1999 and is based in Bingham Farms, Michigan. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 68 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 10 of 11 |
| State (Virginia) | 3 of 3 |
| Country (United States) | 60 of 66 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-07 |
TransAxle
Cinnaminson, New Jersey, United States TransAxle is a remanufacturer of drivetrain related components (transmissions, differentials, hydraulic pumps, and motors) and is an authorized distribution partner of ArvinMeritor, Eaton, Dana, Bendix, and over 100 other OE product lines. Transaxle was founded in 1979 and is based in Cinnaminson, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-06 |
Sola Salon Studios
Lakewood, Colorado, United States Sola Salon Studios provides a unique service to entrepreneurs, giving stylists and beauty professionals high-end, fully-equipped salon studios to start their own businesses without the administrative burden and risk associated with opening a retail storefront. Sola Salon Studios was established in 2004 and is based in Lakewood, Colorado. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 1972 |
| PE ASSETS | 60.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 129 of 148 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 4 of 5 |
| State (Virginia) | 5 of 6 |
| Country (United States) | 117 of 136 |
| Year (2020) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-14 |
Kamps
Grand Rapids, Michigan, United States Kamps is specializes in supplying high-quality recycled pallets, new custom pallets, and comprehensive pallet recycling services to diverse supply chains across the nation. Kamps was founded in 1973 and is based in Grand Rapids, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-27 |
DolEx Dollar Express
Arlington, Texas, United States DolEx Dollar Express is a provider of electronic funds transfer services through approximately 600 branches and over 2,000 agents in the mainland U.S., Puerto Rico, U.S. Virgin Islands, and Europe. The company’s services allow customers to quickly and safely send money to beneficiaries in North America, Latin America, North Africa, Asia, Europe, and the Caribbean through its settlement relationships with thousands of banks, exchange houses, and retail locations. DolEx also offers ancillary products and services including phone cards, bill payments, money orders, check cashing, prepaid mobile e-pins, and its Amigo Latino Plus prepaid card. DolEx Dollar Express was founded in 1996 and is based in Arlington, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 331 of 484 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 2 of 2 |
| State (Virginia) | 5 of 5 |
| Country (United States) | 144 of 210 |
| Year (2020) | 3 of 40 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Mediawan
Paris, France Mediawan is an operator of an independent European audiovisual content platform. Mediawan is based in Paris, France. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-23 |
Axel Springer
Berlin, Germany Axel Springer is a publisher of newspapers and magazines. Axel Springer was founded in 1946 and is based in Berlin, Germany. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
Succession Capital Partners is a private equity firm focused on small-cap, family-owned company acquisitions in the Southeast and MidAtlantic regions of the US. The Firm does not have any sector preferences and targets transactions valued from $3 to $30 million. Succession Capital Partners was formed in 2009 and is headquartered in Norfolk, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 1 of 1 |
| State (Virginia) | 2 of 3 |
| Country (United States) | 2 of 3 |
| Year (2020) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-18 |
PetroChem Recovery Services
Norfolk, Virginia, United States PetroChem Recovery Services, Inc. is a full-service emergency response, industrial, hazardous and non-hazardous waste environmental services and remediation company. Since 1982, PetroChem Recovery Services has provided cost-effective, timely and environmentally conscious services .PetroChem offers a comprehensive line of environmental services including: 24-hour emergency response to chemical and petroleum spills, groundwater testing and remediation, industrial cleaning for maintenance and shutdowns, vacuum truck services, recycling of waste/oil fuels/oil filters and the transportation and disposal of hazardous and non-hazardous materials. PetroChem Recovery Services was founded in 1982 and is based in Norfolk, Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-20 |
Shipyard Staffing
Norfolk, Virginia, United States Shipyard Staffing is an expertized in helping companies connect with the right taken national skilled tradesman for the ship repair and ship construction industry. Shipyard Staffing is based in Norfolk, Virginia. |
Sell | - |
