M&A Deal Summary

Court Square Capital Partners Acquires RailPros

On August 4, 2020, private equity firm Court Square Capital Partners acquired engineering company RailPros from Bow River Capital, Brooke Private Equity Advisors and Aberdeen Asset Management

Acquisition Highlights
  • This is Court Square Capital Partners’ 1st transaction in the Engineering sector.
  • This is Court Square Capital Partners’ 54th transaction in the United States.
  • This is Court Square Capital Partners’ 6th transaction in Texas.

M&A Deal Summary

Date 2020-08-04
Target RailPros
Sector Engineering
Buyer(s) Court Square Capital Partners
Sellers(s) Bow River Capital
Brooke Private Equity Advisors
Aberdeen Asset Management
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)

Target

RailPros

Irving, Texas, United States
RailPros is a provider of outsourced safety management, design & engineering, inspection, site & program management, utility observation, and training services to rail operators, utilities, state DOTs and contractors working adjacent to rail infrastructure. RailPros has over 700 professionals across 14 offices and serves customers nationwide. RailPros was founded in 2000 and is based in Irving, Texas.

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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 57 of 67
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 27 of 31
State (Texas) 6 of 8
Country (United States) 54 of 64
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Conterra Ultra Broadband

Charlotte, North Carolina, United States

Conterra Networks creates custom technology-based network solutions for businesses of all sizes across 22 states. The company has been designing, building, and managing 11,000+ mile owned and operated fiber network. Its service, reliability, and expertise in understanding customers’ needs have enabled them to become one of the fastest-growing telecommunication companies in the country. Conterra Ultra Broadband is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 AHEAD

Chicago, Illinois, United States

AHEAD is a consulting company that helps enterprises transform how and where they run applications and infrastructure. AHEAD creates tailored cloud solutions for enterprises at all stages of the cloud journey. AHEAD was founded in 2007 and is based in Chicago, Illinois.

Sell -

Seller(S) 3

SELLER

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.


DEAL STATS #
Overall 17 of 22
Sector (Engineering) 4 of 4
Type (Secondary Buyout) 2 of 5
State (Texas) 4 of 4
Country (United States) 14 of 19
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-14 Altvia

Broomfield, Colorado, United States

Altvia is a provider of CRM and investor & deal management systems specifically built for Private Capital Market firms. It has hundreds of world-class clients and supports over 40,000 LP investors. The company’s mobile-optimized platform (AIM, ShareSecure, Correspond, and Answers) is transforming the way GP’s deliver continuous value, real-time decision support, and secure communications to their valued constituents. Altvia was formed in 2006 and is based in Broomfield, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Modus

San Francisco, California, United States

Modus is a 5G infrastructure services company that focuses on identifying, designing, engineering, constructing, installing, and maintaining 5G small cell networks. Modus was established in 2005 and is based in San Francisco, California.

Buy -
SELLER
DESCRIPTION

Brooke Private Equity Advisors (BPEA) is a private investment firm focused on fund and direct investment opportunities. The Firm's fund group looks to invest in small to middle-market growth funds with sector focused and experienced managers. BPEA's direct investment group invests in direct investment opportunities in private companies alongside small to middle-market buyout and growth funds, and sponsors. Sectors of interest for both strategies include business services, software, healthcare, consumer, retail, and industrial. BPEA was formed in 2002 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Delphon

Hayward, California, United States

Delphon is a provider of materials and services for the shipping, processing and packaging of high-value semiconductor, medical, photonics, telecommunications and military markets. The Company’s material scientists and R&D engineers work collaboratively with their customers to develop customized materials. Delphon was founded in 2004 and is headquartered in Hayward, California, and has additional manufacturing operations in Wilsonville, Oregon.

Sell -
SELLER

Aberdeen Asset Management

Aberdeen, United Kingdom

Category Company
Founded 1983
Sector Financial Services
DESCRIPTION

Aberdeen Asset Management is a full-service, pure-play asset management group, focused on meeting the worldwide investment needs of institutions, private investors and the advisers who serve them. Company manage investment across the full spectrum of asset classes and geographic markets – including equities, fixed income, property and alternative assets.


DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Source Photonics

Chatsworth, California, United States

Source Photonics is a provider of optical communication products used in telecommunication systems and data communication networks. Source Photonics designs, manufactures, and sells a broad portfolio of optical communication products, including passive optical network, or PON, subsystems, optical transceivers used in the enterprise, access, and metropolitan segments of the market, as well as other optical components, modules and subsystems. Source Photonics, was founded in 2001 and is based in West Hills, Califrornia.

Buy -