Investment Summary

Fletch Equity and Gemini Investors Invest In Wolfgangs

On November 1, 2020, private equity firms Fletch Equity and Gemini Investors invested in business services company Wolfgangs

Investment Highlights
  • This is Fletch Equity’s 1st and Gemini Investors’ 13th transaction in the Business Services sector.
  • This is Fletch Equity’s 7th and Gemini Investors’ 88th transaction in the United States.
  • This is Fletch Equity’s 2nd and Gemini Investors’ 5th transaction in Arizona.

Investment Summary

Date 2020-11-01
Target Wolfgangs
Sector Business Services
Investor(s) Fletch Equity
Gemini Investors
Deal Type Growth Capital

Target

Wolfgangs

Tempe, Arizona, United States
Wolfgangs provides residential and commercial HVAC repair, preventative maintenance, and replacement services. Wolfgangs was founded in 1982 and is based in Tempe, Arizona.

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Investor(S) 2

DESCRIPTION

Fletch Equity is a private equity firm focused on the lower middle-market change of control transactions valued from $15 to $75 million. The Firm has a preference for profitable companies ($2 to $20 million of EBITDA) operating in fragmented industries and will consider opportunities throughout the US. Fletch Equity is headquartered in Los Angeles, California.


DEAL STATS #
Overall 7 of 8
Sector (Business Services) 1 of 1
Type (Growth Capital) 4 of 4
State (Arizona) 2 of 2
Country (United States) 7 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Western Jet Aviation

Van Nuys, California, United States

Western Jet Aviation provides maintenance, repair, and avionics services for business and general aviation aircraft. Western Jet Aviation was founded in 1999 and is based in Van Nuys, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 360 Physical Therapy

Chandler, Arizona, United States

360 Physical Therapy operates outpatient physical therapy clinics that treat a wide range of orthopedic, chronic pain, neuropathic, and vestibular disorders. 360 Physical Therapy was founded in 2001 and is based in Chandler, Arizona.

Sell -
Investor

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 88 of 96
Sector (Business Services) 13 of 14
Type (Growth Capital) 26 of 29
State (Arizona) 5 of 7
Country (United States) 88 of 96
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Westco

Houston, Texas, United States

Westco provides innovative landscape and construction services for a wide-range of customers, from large retail centers to corporate campuses, public spaces, and homeowner’s associations. Westco was founded in 1987 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Alexis Russell

Buffalo, New York, United States

Alexis Russell is a designer and manufacturer of non-traditional fine jewelry. These products are primarily sold online through the company’s website, which provides customers the ability to customize their purchases. Alexis Russell was founded in 2005 and is based in Buffalo, New York.

Buy -