M&A Deal Summary

Dominus Capital Acquires Surface Preparation Technologies

On November 14, 2019, private equity firm Dominus Capital acquired construction company Surface Preparation Technologies from Branford Castle Partners and Brookside Capital Partners

Acquisition Highlights
  • This is Dominus Capital’s 2nd transaction in the Construction sector.
  • This is Dominus Capital’s 11th transaction in the United States.
  • This is Dominus Capital’s 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-11-14
Target Surface Preparation Technologies
Sector Construction
Buyer(s) Dominus Capital
Sellers(s) Branford Castle Partners
Brookside Capital Partners
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Surface Preparation Technologies

New Kingstown, Pennsylvania, United States
Surface Preparation Technologies is a provider of rumble strips and related critical roadway safety services. Surface combines 30+ years of roadway infrastructure expertise and a fleet of proprietary, technologically advanced equipment. Surface Preparation Technologies was founded in 1988 and is based in New Kingstown, Pennsylvania.

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Buyer(S) 1

Buyer

Dominus Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 410M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dominus Capital is a private equity firm that targets middle market companies throughout North America. The Firm focuses on companies with defensible market positions, strong free cash flows and margins, untapped growth potential, and 'exceptional' management. Dominus seeks companies generating EBITDA of at least $10 million. Areas of interest include building products, business services, consumer products and services, distribution, food production and services, light manufacturing, restaurants, specialty chemicals and specialty retail. Dominus will consider a variety of transactions types, including buyouts and recapitalizations. Dominus Capital was formed in 2008 and is based in New York City.

DEAL STATS #
Overall 11 of 16
Sector (Construction) 2 of 2
Type (Secondary Buyout) 4 of 6
State (Pennsylvania) 3 of 3
Country (United States) 11 of 16
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Frontline Managed Services

Atlanta, Georgia, United States

Frontline Managed Services is a provider of business process outsourcing to the legal and accounting markets. Frontline Managed Services specializes in white glove IT help desk support, IT Managed Services (Development, Infrastructure, Engineering, and Legacy Software Support), Managed Financial Services (e-billing processing, accounts receivable management, and cash application), and training and education through its e-learning platform. Frontline Managed Services was founded in 1987 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Lockmasters

Nicholasville, Kentucky, United States

Lockmasters is a provider of proprietary products, educational training and distribution of third-party combination locks and hardware to the government and security professional industry. Lockmasters was founded in 1955 and is based in Nicholasville, Kentucky.

Buy -

Seller(S) 2

SELLER

Branford Castle Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Branford Castle is a private investment firm that seeks investments in traditional companies with stable cash flows. Branford Castle prefers investing in 'old economy' businesses valued up to $100 million. Brandford will consider public or private companies, but the Firm will not invest in bankrupt, turnaround, or distressed situations. Sectors of interest include manufacturing, commercial distribution, services, consumer products, publishing, restaurants, and infrastructure. Branford Castle was formed in 1986 and is based in New York City.

DEAL STATS #
Overall 5 of 9
Sector (Construction) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Pennsylvania) 2 of 2
Country (United States) 4 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Pulse Vet

Roswell, Georgia, United States

PulseVet is a developer and marketer of non-invasive medical devices for the veterinary market. Pulse Veterinary's principal technology is the VersaTron® family of products for the management of a variety of musculoskeletal disorders causing chronic pain and lameness in animals. PulseVet was founded in 2009 and is based in Roswell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Fibrix Filtration

Mooresville, North Carolina, United States

Fibrix Filtration is a manufacturer of air filtration products. Fibrix Filtration products are pivotal in optimizing the performance of commercial and industrial HVAC systems, leading to enhanced system efficiency, lower energy costs, and improved air quality. Fibrix Filtration is based in Mooresville, North Carolina.

Buy -
SELLER

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 8 of 24
Sector (Construction) 1 of 1
Type (Secondary Buyout) 4 of 13
State (Pennsylvania) 2 of 3
Country (United States) 8 of 24
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Fleetwood Fixtures

Leesport, Pennsylvania, United States

Fleetwood Fixtures is a provider of retail display systems and related program management services. Fleetwood Fixtures was founded in 1970 and is based in Leesport, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 Express Flooring

Phoenix, Arizona, United States

Express Flooring provides flooring solutions for residential and commercial customers. The highest quality flooring products including carpet, tile, laminate, hardwood, stone, and vinyl plank from the industry’s top manufacturers. In the residential sector, the Company focuses solely on the home remodeling market and serves its residential customers exclusively through in-home sales. Express Flooring was founded in 2004 and is based in Phoenix, Arizona.

Buy -
Mergr

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Legal