M&A Deal Summary

First Capital Acquires Northpoint

On January 29, 2024, private equity firm First Capital acquired business services company Northpoint

Acquisition Highlights
  • This is First Capital’s 4th transaction in the Business Services sector.
  • This is First Capital’s 9th transaction in the United States.
  • This is First Capital’s 1st transaction in Utah.

M&A Deal Summary
Date 2024-01-29
Target Northpoint
Sector Business Services
Buyer(s) First Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Northpoint

Salt Lake CIty, Utah, United States
Northpoint is a national single-family rental property management company that manages 8,100+ homes for retail and institutional investors across 40+ regions and 22 states. The company provides full-service property management, in-house maintenance, real estate brokerage, and institutional back-office services to its clients. Northpoint was formed in 2006 and is based in Salt Lake CIty, Utah.

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Buyer(S) 1

Buyer

First Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

LP First Capital is a private investment group focused on buy and build situations. The Firm will consider minority or majority positions in profitable platform companies with $1 to $20 million of EBITDA. Target sectors include business services, consumer services, healthcare services, education, and niche manufacturing. LP First Capital was formed in 2018 and is headquartered in Austin, Texas.

DEAL STATS #
Overall 9 of 9
Sector (Business Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Utah) 1 of 1
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Fastest Labs

San Antonio, Texas, United States

Fastest Labs is a provider of drug, alcohol, and DNA testing services, offering fast and accurate results for individuals, businesses, and government agencies. Fastest Labs was founded in 2008 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Flow Service Partners

Mount Juliet, Tennessee, United States

Flow Service Partners is a provider of essential services including heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services in Florida and Indiana. Flow Service Partners was founded in 2021 and is based in Mount Juliet, Tennessee.

Sell -
Mergr

Product

Company

Legal