M&A Deal Summary

Court Square Capital Partners Acquires Chauvet

On November 1, 2023, private equity firm Court Square Capital Partners acquired electrical equipment company Chauvet from Cortec Group

Acquisition Highlights
  • This is Court Square Capital Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is Court Square Capital Partners’ 63rd transaction in the United States.
  • This is Court Square Capital Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2023-11-01
Target Chauvet
Sector Electrical Equipment
Buyer(s) Court Square Capital Partners
Sellers(s) Cortec Group
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co.
KPMG Corporate Finance LLC (Financial)
Jones Day (Legal)

Target

Chauvet

Davie, Florida, United States
Chauvet is a developer and marketer of branded entertainment and architectural lighting products, trussing, controllers and related equipment used in applications ranging from DJ, club, corporate events, hospitality venues, and houses of worship, to more demanding settings including concert tours, theaters, television and “architainment.” Chauvet was founded in 1990 and is based in Davie, Florida.

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Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 66 of 67
Sector (Electrical Equipment) 2 of 2
Type (Secondary Buyout) 30 of 31
State (Florida) 1 of 1
Country (United States) 63 of 64
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-16 Five Star Parks & Attractions

Branson, Missouri, United States

Five Star Parks & Attractions is an operator of a platform created to partner with and invest in family entertainment centers (FECs), instituting positive changes aimed at creating superior entertainment experiences for families. Five Star Parks & Attractions is based in Branson, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 Velosio

Dublin, Ohio, United States

Velosio delivers fresh ideas and unmatched know-how for cloud, ERP, CRM, business intelligence, office automation, and other business solutions. Velosio was founded in 1991 and is based in Dublin, Ohio.

Buy -

Seller(S) 1

SELLER

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 35 of 35
Sector (Electrical Equipment) 2 of 2
Type (Secondary Buyout) 22 of 22
State (Florida) 4 of 4
Country (United States) 34 of 34
Year (2023) 1 of 1
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Duggal Visual Solutions

New York, New York, United States

Duggal Visual Solutions is a provider of printed visuals, custom displays and multimedia solutions. Duggal Visual Solutions is based in New York, New York.

Buy -