M&A Deal Summary

Court Square Capital Partners Acquires Veregy

On November 3, 2020, private equity firm Court Square Capital Partners acquired energy services and equipment company Veregy from Bow River Capital

Acquisition Highlights
  • This is Court Square Capital Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Court Square Capital Partners’ 55th transaction in the United States.
  • This is Court Square Capital Partners’ 3rd transaction in Arizona.

M&A Deal Summary

Date 2020-11-03
Target Veregy
Sector Energy Services and Equipment
Buyer(s) Court Square Capital Partners
Sellers(s) Bow River Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Brownstein (Legal)

Target

Veregy

Phoenix, Arizona, United States
Veregy is an OEM agnostic energy services company that designs and implements energy-efficient facility improvements primarily for K-12 schools and municipal customers. The Company’s service offerings include energy efficiency solutions, engineering services, design and construction solutions, distributed and renewable energy, smart buildings and system integrations, and ongoing services and maintenance. Veregy was founded in 2019 and is headquartered in Phoenix, Arizona.

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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 58 of 67
Sector (Energy Services and Equipment) 2 of 2
Type (Secondary Buyout) 28 of 31
State (Arizona) 3 of 3
Country (United States) 55 of 64
Year (2020) 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Pike

Mount Airy, North Carolina, United States

Pike is a provider of construction, repair and engineering services for distribution and transmission powerlines and substations, with a growing portfolio of turnkey and renewable projects. Pike was founded in 1945 and is based in Mount Airy, North Carolina.

Sell -

Seller(S) 1

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 18 of 22
Sector (Energy Services and Equipment) 3 of 3
Type (Secondary Buyout) 3 of 5
State (Arizona) 2 of 2
Country (United States) 15 of 19
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 NextEdge

San Francisco, California, United States

NextEdge is a 5G infrastructure services company that focuses on identifying, designing, engineering, constructing, installing, and maintaining 5G small cell networks. The Company has deployed thousands of wireless telecommunications facilities in the most challenging municipalities in the Western United States. NextEdge is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Xyleme

Denver, Colorado, United States

Xyleme is a cloud-based provider for learning content management and creation platform specifically built to transfer institutional knowledge faster. Xyleme was founded in 2004 and is based in Denver, Colorado.

Buy -