M&A Deal Summary

Patriot Capital, Evolve Capital and Harbert Private Capital Acquire Controlled Contamination Services

On July 1, 2006, private equity firms Patriot Capital, Evolve Capital and Harbert Private Capital acquired environmental company Controlled Contamination Services

Acquisition Highlights
  • This is Patriot Capital’s 1st, Evolve Capital’s 1st and Harbert Private Capital’s 1st transaction in the Environmental sector.
  • This is Patriot Capital’s 11th, Evolve Capital’s 6th and Harbert Private Capital’s 15th transaction in the United States.
  • This is Patriot Capital’s 2nd, Evolve Capital’s 4th and Harbert Private Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2006-07-01
Target Controlled Contamination Services
Sector Environmental
Buyer(s) Patriot Capital
Evolve Capital
Harbert Private Capital
Deal Type Recapitalization

Target

Controlled Contamination Services

Dallas, Texas, United States
Controlled Contamination Services is a provider of specialized decontamination services and products for the pharmaceutical, medical device, and other high technology companies. Controlled Contamination Services was founded in 1993 and is based in Dallas, Texas.

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Buyer(S) 3

Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 11 of 112
Sector: Environmental M&A 1 of 5
Type: Recapitalization M&A Deals 2 of 19
State: Texas M&A 2 of 14
Country: United States M&A 11 of 112
Year: 2006 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 Turning

Youngstown, Ohio, United States

Turning develops interactive response systems utilizing software and hardware tools available and transforms them into state of the art applications for audience response. Turning was founded in 2002 and is based in Youngstown, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-12 CheckAgain

Herndon, Virginia, United States

CheckAgain, the leading business outsourcing company and pioneer in the automated check representment industry, was seeking to recap one of its non-management founding shareholders and develop some new product offerings to its retail customers.

Sell -
Buyer

Evolve Capital

Dallas, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Evolve Capital is a private equity firm focused exclusively on recapitalization investments in growth-oriented service based businesses. Evolve looks companies that are asset light, growing rapidly, and potentially operate in a regulated environment. Target companies typically have trailing EBITDA of $2 to $4 million and are located in the US. Evolve Capital was formed in 2005 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 15
Sector: Environmental M&A 1 of 1
Type: Recapitalization M&A Deals 2 of 3
State: Texas M&A 4 of 4
Country: United States M&A 6 of 15
Year: 2006 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Hospice Source

Carrollton, Texas, United States

Hospice Source is a full-service provider of respiratory therapy and medical equipment (“DME”) focused exclusively on the hospice market. Hospice Source was founded in 1997 and is based in Carrollton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Newmar Power

Santa Ana, California, United States

Newmar is a manufacturer of electronic power products that designs, engineers, and manufactures critical electronic components primarily for the marine and telecom industries. Newmar Power was founded in 1970 and is based in Santa Ana, California.

Buy -
Buyer

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 15 of 59
Sector: Environmental M&A 1 of 2
Type: Recapitalization M&A Deals 5 of 9
State: Texas M&A 1 of 7
Country: United States M&A 15 of 53
Year: 2006 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-05 Highwinds

Winter Park, Florida, United States

Highwinds is a multi-platform IP services provider that specializes in software, content delivery network and IP infrastructure services (transport, hosting and storage). Highwinds is based in Winter Park, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Preferred Warranties

Orwigsburg, Pennsylvania, United States

Preferred Warranties markets vehicle service contracts through independent dealers of used vehicles in 2,200 locations in fifteen Mid-Atlantic, Midwestern and Southern states.

Buy -