Investment Summary

Eagle Merchant Partners, PNC Erieview Capital and Stellus Capital Management Invest In Eskola

On October 31, 2022, private equity firm Eagle Merchant Partners, mezzanine finance firm PNC Erieview Capital and private equity firm Stellus Capital Management invested in construction company Eskola

Investment Highlights
  • This is Eagle Merchant Partners’ 1st, PNC Erieview Capital’s 1st and Stellus Capital Management’s 2nd transaction in the Construction sector.
  • This is Eagle Merchant Partners’ 9th, PNC Erieview Capital’s 35th and Stellus Capital Management’s 48th transaction in the United States.
  • This is Eagle Merchant Partners’ 1st, PNC Erieview Capital’s 3rd and Stellus Capital Management’s 1st transaction in Tennessee.

Investment Summary

Date 2022-10-31
Target Eskola
Sector Construction
Investor(s) Eagle Merchant Partners
PNC Erieview Capital
Stellus Capital Management
Deal Type Growth Capital

Target

Eskola

Morristown, Tennessee, United States
Eskola is a commercial roofing and waterproofing contractor operating across Tennessee, Kentucky, and South Carolina, serving a diverse customer base in education, infrastructure, and healthcare. Eskola was formed in 1972 and is based in Morristown, Tennessee.

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Investor(S) 3

Investor

Eagle Merchant Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 415M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Merchant Partners focused on investing in US-based middle-market consumer, business services, and industrial companies. The Firm targets companies with revenue between $20 and $200 million and EBITDA between $2 and $20 million. Eagle Merchant Partners was founded in 2013 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 9 of 15
Sector: Construction M&A 1 of 2
Type: Growth Capital M&A Deals 7 of 11
State: Tennessee M&A 1 of 2
Country: United States M&A 9 of 15
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 Puget Collision

Kent, Washington, United States

Puget Collision is a multi-unit operator of auto collision repair shops operating in the CARSTAR and Fix Auto franchise systems. Puget Collision is based in Kent, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 TCB Franchising

Cordova, Tennessee, United States

TCB Franchising is a home and commercial services franchisor in the U.S. and Canada. Current brands include AmeriSpec Inspection Services, Furniture Medic and Renew Medic. TCB Franchising is based in Cordova, Tennessee.

Buy -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 36 of 44
Sector: Construction M&A 1 of 1
Type: Growth Capital M&A Deals 14 of 15
State: Tennessee M&A 3 of 3
Country: United States M&A 35 of 43
Year: 2022 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 Puget Collision

Kent, Washington, United States

Puget Collision is a multi-unit operator of auto collision repair shops operating in the CARSTAR and Fix Auto franchise systems. Puget Collision is based in Kent, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Coastal

Jacksonville, Florida, United States

Coastal is an independent distributor of caulking and sealants, waterproofing, concrete repair, and fire protection products in the US. The company has worked with customers across the Southeast and the Caribbean, supporting them as they built or restored the buildings that define its world – state capitols, office towers, power plants, bridges, and more. Coastal was formed in 1975 and is based in Jacksonville, Florida.

Sell -
Investor

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 49 of 86
Sector: Construction M&A 2 of 2
Type: Growth Capital M&A Deals 10 of 24
State: Tennessee M&A 1 of 3
Country: United States M&A 48 of 83
Year: 2022 M&A 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 PCS Software

Houston, Texas, United States

PCS Software develops and directly markets an integrated transportation management software solution for the inland trucking industry in the United States and Canada. PCS Software was founded in 1997 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Onpoint Industrial Services

Deer Park, Texas, United States

Onpoint Industrial Services provides turnaround and capital project support services, which include planning and scheduling personnel, safety professional and attendant services, and workforce transportation and logistics services. Onpoint Industrial Services is based in Deer Park, Texas.

Buy -