M&A Deal Summary

DFW Capital Partners and Arborview Capital Acquire Envocore

On June 30, 2017, private equity firm DFW Capital Partners and growth capital firm Arborview Capital acquired electrical equipment company Envocore

Acquisition Highlights
  • This is DFW Capital Partners’ 1st and Arborview Capital’s 1st transaction in the Electrical Equipment sector.
  • This is DFW Capital Partners’ 22nd and Arborview Capital’s 8th transaction in the United States.
  • This is DFW Capital Partners’ 2nd and Arborview Capital’s 2nd transaction in Maryland.

M&A Deal Summary

Date 2017-06-30
Target Envocore
Sector Electrical Equipment
Buyer(s) DFW Capital Partners
Arborview Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Envocore

Gambrills, Maryland, United States
Envocore is a provider of lighting and water efficiency retrofit services for government, institutional and commercial buildings, generally as part of large building efficiency projects managed by energy services companies (ESCOs). Envocore was founded in 1993 and is based in Gambrills, Maryland.

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Buyer(S) 2

Buyer

DFW Capital Partners

New York, New Jersey, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DFW Capital Partners is a private equity firm that invests in high-growth middle-market service companies generating revenues up to $200 million. Specific service areas of interest include business services, industrial services, and healthcare services. Prospective transactions include growth capital financing, acquisition financing, management buyouts, and recapitalization. DFW will not invest in start-ups, real estate, or pure R&D companies. DFW Capital Partners was formed in 1983 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 22 of 38
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 10
State (Maryland) 2 of 2
Country (United States) 22 of 38
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 LRI Energy Solutions

Gambrills, Maryland, United States

LRI Energy Solutions LLC is a provider of lighting and water building efficiency services to government, institutional, and commercial customers. LRI Energy Solutions was founded in 1993 and is based in Gambrills, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Covenant Physician Partners

Nashville, Tennessee, United States

Covenant Physician Partners is an operator of ambulatory surgery centers, physician practices, and ancillary services with a particular focus on gastroenterology and ophthalmology end markets. Covenant Physician Partners was founded in 2008 and is based in Nashville, Tennessee.

Sell -
Buyer

Arborview Capital

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Arborview Capital is a specialist investor in established, rapidly growing energy efficiency and clean energy businesses in North America. Arborview focuses on companies that provide improve energy efficiency (LED lighting, building controls, power plant efficiency), resource efficiency (emissions control, environmental services, water treatment), or renewable energy. Target companies are typically at or near profitability with $5 to $30 million in revenue. Arborview was formed in 2008 and is based in Chevy Chase, Maryland.


DEAL STATS #
Overall 8 of 13
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Maryland) 2 of 2
Country (United States) 8 of 13
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 LRI Energy Solutions

Gambrills, Maryland, United States

LRI Energy Solutions LLC is a provider of lighting and water building efficiency services to government, institutional, and commercial customers. LRI Energy Solutions was founded in 1993 and is based in Gambrills, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Drexel Metals

Louisville, Kentucky, United States

Drexel Metals Inc. is a provider of standing seam metal roofing systems to roofing contractors and distributors. Drexel Metals is based in Louisville, Kentucky.

Sell -