Investment Summary

Decatur Group Exit Sola Salon Studios

On October 10, 2018, private equity firm MPK Equity Partners, private equity firm PNC Riverarch Capital, lender Golub Capital and growth capital firm AHR Growth Partners invested in consumer services company Sola Salon Studios from Decatur Group

Investment Highlights
  • This is MPK Equity Partners’ 1st, PNC Riverarch Capital’s 2nd, Golub Capital’s 4th and AHR Growth Partners’ 1st transaction in the Consumer Services sector.
  • This is MPK Equity Partners’ 3rd, PNC Riverarch Capital’s 17th, Golub Capital’s 53rd and AHR Growth Partners’ 4th transaction in the United States.
  • This is MPK Equity Partners’ 1st, PNC Riverarch Capital’s 1st, Golub Capital’s 1st and AHR Growth Partners’ 1st transaction in Colorado.
Investment Fate
  • Sola Salon Studios was sold to a strategic buyer in 2020.

Investment Summary

Date 2018-10-10
Target Sola Salon Studios
Sector Consumer Services
Investor(s) MPK Equity Partners
PNC Riverarch Capital
Golub Capital
AHR Growth Partners
Sellers(s) Decatur Group
Deal Type Secondary Buyout

Target

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.

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Investor(S) 4

DESCRIPTION

MPK Equity Partners is a private investment firm that specializes in partnering with entrepreneurs and executives to invest in and acquire growing, profitable companies across the US. Sectors of interest include aviation/aerospace, consumer/retail, education, energy, healthcare services/technology, insurance, financial services, specialty distribution/logistics, specialty manufacturing, and tech-enabled business services. The Firm will consider minority or majority where investment proceeds are used to fund organic or acquisition-led growth, recapitalize a company, buyout a shareholder, or acquire a minority piece of a business from founders or other shareholders. MPK Equity Partners is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 7
Sector: Consumer Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Colorado M&A 1 of 2
Country: United States M&A 3 of 7
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Unleashed Brands

Bedford, Texas, United States

Unleashed Brands is a platform of family-focused franchisor brands that enrich the lives of children across three core pillars: “Learn, Play, Grow.” Unleashed’s portfolio of brands currently includes Urban Air Adventure Park, Snapology, The Little Gym, Premier Martial Arts, Class 101, and XP League. Unleashed Brands is based in Bedford, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Stellar Service Brands

Dallas, Texas, United States

Stellar Service Brands is a franchisors in the emergency mitigations, restoration, and reconstruction sector that comprises Restoration 1, bluefrog Plumbing + Drain, The Driveway Company, and Softroc. Stellar Service Brands was founded in 2015 and is based in Dallas, Texas.

Buy -
Investor

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.


DEAL STATS #
Overall 19 of 37
Sector: Consumer Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 6 of 13
State: Colorado M&A 1 of 2
Country: United States M&A 17 of 31
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Authority Brands

Columbia, Maryland, United States

Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands is based in Columbia, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Burrell Reagents

Pittsburgh, Pennsylvania, United States

Burrell Reagents is a manufacturer and distributor of a wide range of specialty chemicals, supplies, and equipment used in analytical testing labs and production operations throughout North America. Burrell Reagents was founded in 1917 and is based in Pittsburgh, Pennsylvania.

Buy -
Investor

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 1994
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 53 of 69
Sector: Consumer Services M&A 4 of 7
Type: Secondary Buyout M&A Deals 20 of 27
State: Colorado M&A 1 of 2
Country: United States M&A 53 of 66
Year: 2018 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Atlas

Wichita, Kansas, United States

Atlas manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Textron Aviation aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing. This vertical integration allows Atlas to deliver a broad range of complex aircraft assemblies, including complete aircraft doors, escape hatches, wing structures, and flight control assemblies for a growing list of leading aerospace OEMs. Atlas was founded in 2007 and is based in Wichita, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 SureWerx

Coquitlam, British Columbia, Canada

SureWerx is a supplier of professional safety products, tools, and equipment. The company offers access to its brands through its partner distributor network servicing the industrial, construction, safety, and automotive aftermarket markets globally. SureWerx was founded in 1957 and is based in Coquitlam, British Columbia.

Buy -
DESCRIPTION

AHR Growth Partners is a private equity and growth equity firm partnering with emerging consumer and franchising brands. The Firm's investment focus spans CPG, e?commerce, franchising, and lifestyle brands, leveraging industry experience, strategic guidance, and a wide operational network. AHR Growth Partners was founded in 2014 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 4 of 6
Sector: Consumer Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Colorado M&A 1 of 2
Country: United States M&A 4 of 6
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Surratt Beauty

New York, New York, United States

Surratt Beauty is known for its high degree of artistry, innovation, and Japanese influence. The brand offers a line of superior products, including eye, lip, face, and tools, meticulously sourced from Japan after Surratt’s global search to discover the best. Today, the brand is sold across a variety of premier beauty retailers, including Barneys NY, Liberty of London, MECCA in Australia, Space NK, and select Sephora and Bluemercury locations. Surratt Beauty was founded in 2013 and is based in New York City.

Buy -
FOLLOWING DEAL
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 -

Seller(S) 1

SELLER

Decatur Group

Denver, Colorado, United States

Category Private Equity Firm
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Decatur Group is a private equity firm focused on lower middle-market companies operating in basic industries. The Firm targets companies valued less then $100 million with up to $250 million in revenues. Sectors of interest include manufacturing, aerospace, defense, consumer products, business services, insurance, financial services, education, information technology, retail, distribution, and medical products. The Decatur Group is based in Denver, Colorado with an additional office in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Las Vegas Color Graphics

Las Vegas, Nevada, United States

Las Vegas Color Graphics offers a full spectrum of high-end commercial printing, mailing, and signage services including electronic prepress, offset and digital printing, finishing, and fulfillment/delivery to a growing base of corporate clients nationwide. Las Vegas Color Graphics was founded in 1978 and is based in Las Vegas, Nevada.

Sell -