M&A Deal Summary

Deloitte Financial Advisory Services Acquires Avail Consulting

On July 17, 2006, Deloitte Financial Advisory Services acquired business services company Avail Consulting from Main Street Capital

Acquisition Highlights
  • This is Deloitte Financial Advisory Services’ 1st transaction in the Business Services sector.
  • This is Deloitte Financial Advisory Services’ 1st transaction in the United States.
  • This is Deloitte Financial Advisory Services’ 1st transaction in Texas.

M&A Deal Summary

Date 2006-07-17
Target Avail Consulting
Sector Business Services
Buyer(s) Deloitte Financial Advisory Services
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition

Target

Avail Consulting

Houston, Texas, United States
Main Street assisted in the formation of Avail Consulting, LLC (“Avail”) in May 2002 to purchase the Southwest Region Valuation and Appraisal Practice of Arthur Andersen, LLP (the “Practice”). Avail is a leading provider of business and equipment valuation services, real estate appraisal services, and related financial advisory and consulting services. The Practice was founded in 1984 and has a successful track record of profitability and growth. Main Street provided Avail with additional financing for working capital and growth initiatives.

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Buyer(S) 1

Buyer

Deloitte Financial Advisory Services

New York, New York, United States

Category Company
Sector Business Services
DESCRIPTION

Deloitte Financial Advisory Services LLP advises clients on managing business controversy and disputes, executing deals, and maintaining regulatory compliance.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 48
Sector: Business Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 22
State: Texas M&A 5 of 19
Country: United States M&A 5 of 48
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-06 Everyones Internet

Houston, Texas, United States

Everyones Internet, Ltd. (“EV1”) is a Houston, Texas based company that began its operations in 1998 as an internet service provider (“ISP”) in the Houston market. EV1 subsequently expanded its ISP operations into various markets across the U.S. and started providing dedicated web hosting services to domestic and international customers. Today, EV1 operates one of the largest independent ISP’s and web hosting services companies in the country. EV1 maintains a well known brand name in the markets it serves through an extensive marketing and advertising campaign and also maintains a significant presence in the Houston community through its involvement with numerous charities benefiting underprivileged children and other community initiatives. EV1’s corporate headquarters are located in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 GMI Group

Humble, Texas, United States

GMI Group manufactures, modifies, and distributes flanges, fittings, rings, plates, spacers, and other fabricated metal products utilized primarily in industrial piping applications. GMI Group was formed in 1994 and is based in Humble, Texas.

Buy -