M&A Deal Summary

Credo Private Capital and Leelanau Private Capital Acquire Titanus Cement Wall

On July 30, 2021, private equity firms Credo Private Capital and Leelanau Private Capital acquired construction company Titanus Cement Wall

Acquisition Highlights
  • This is Credo Private Capital’s 1st and Leelanau Private Capital’s 1st transaction in the Construction sector.
  • This is Credo Private Capital’s 1st and Leelanau Private Capital’s 2nd transaction in the United States.
  • This is Credo Private Capital’s 1st and Leelanau Private Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-07-30
Target Titanus Cement Wall
Sector Construction
Buyer(s) Credo Private Capital
Leelanau Private Capital
Deal Type Recapitalization

Target

Titanus Cement Wall

Novi, Michigan, United States
Titanus Cement Wall is a construction contractor engaged in the pouring of concrete walls for residential builders in southeast Michigan. Titanus Cement Wall was founded in 1951 and is based in Novi, Michigan.

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Buyer(S) 2

DESCRIPTION

Credo Private Capital is a private equity investment firm that provides small business owners and management teams access to an investment partner that does not have the constraints associated with traditional private equity. The investments range in size from $1 million to over $30 million of EBITDA across a wide variety of industries including manufacturing, value-add distribution, and business services. Credo Private Capital was established in 2020 and is headquartered in Birmingham, Michigan.


DEAL STATS #
Overall 1 of 3
Sector (Construction) 1 of 1
Type (Recapitalization) 1 of 2
State (Michigan) 1 of 3
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Tuff Turf Molebusters

Byron Center, Michigan, United States

Tuff Turf Molebusters is a regional provider of subscription-based pest control and fertilizer services and is focused on the residential customers and dedicated to providing superior quality and service. Tuff Turf Molebusters was founded in 1994 and is based in Byron Center, Michigan.

Buy -
DESCRIPTION

Leelanau Private Capital (LPC) is a private equity firm focused on control investments in businesses located in the Eastern and Central US. Target companies generally have $10 to $200 million in revenue and $3 to $20 million of EBITDA. LPC typically invests in the manufacturing and distribution sectors, and does not invest in start-ups. Leelanau Private Capital was founded in 2020 and is based in Birmingham, Michigan.


DEAL STATS #
Overall 2 of 4
Sector (Construction) 1 of 2
Type (Recapitalization) 1 of 2
State (Michigan) 1 of 2
Country (United States) 2 of 4
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 Eastern Wholesale Fence

Medford, New York, United States

Eastern Wholesale Fence is a manufacturer and distributor of a full range of fence products. Eastern Wholesale Fence produces poly vinyl-chloride (“PVC”), wood, and chain link fence and railing products. Eastern Wholesale Fence was founded in 1971 and is based in Medford, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 BSM Wall Systems

Lenexa, Kansas, United States

BSM Wall Systems is a multi-location specialty contractor specializing in installation, wholesale, and retail sales of stone, stucco, brick, block, and masonry products. BSM Wall Systems was founded in 2008 and is based in Lenexa, Kansas.

Buy -