M&A Deal Summary

Freestone Partners and Genesis Park Acquire Formwork Services & Supply

On April 7, 2022, private equity firms Freestone Partners and Genesis Park acquired construction company Formwork Services & Supply

Acquisition Highlights
  • This is Freestone Partners’ 1st and Genesis Park’s 2nd transaction in the Construction sector.
  • This is Freestone Partners’ 9th and Genesis Park’s 23rd transaction in the United States.
  • This is Freestone Partners’ 8th and Genesis Park’s 20th transaction in Texas.

M&A Deal Summary

Date 2022-04-07
Target Formwork Services & Supply
Sector Construction
Buyer(s) Freestone Partners
Genesis Park
Deal Type Buyout (LBO, MBO, MBI)

Target

Formwork Services & Supply

Houston, Texas, United States
Formwork Services & Supply is an independent provider of complete concrete forming and shoring solutions to the industrial, petrochemical, water treatment, power, infrastructure, sports, medical, and commercial building construction markets. Formwork Services & Supply was founded in 1982 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Freestone Partners

Houston, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Freestone Partners is a private equity firm that targets growth-oriented companies operating in basic industries. Sectors of interest include manufacturing, distribution, and commercial/industrial services. Freestone prefers platform investments located in the southwestern and southeastern areas of the US. Prospective companies are generally profitable with proven management and generate $10 to $50 million in annual sales. The Firm's target investment size is Freestone $3 to $8 million per transaction. Freestone Partners is based in Houston, Texas.


DEAL STATS #
Overall 9 of 9
Sector: Construction M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: Texas M&A 8 of 8
Country: United States M&A 9 of 9
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Warfab

Hallsville, Texas, United States

Warfab provides heavy industrial repair, maintenance, fabrication, and machining services, both in-house and in the field, for customers across the industrial sector with a specific focus on the mining, heavy steel, railcar, and energy segments. Warfab is based in Hallsville, Texas.

Buy -
Buyer

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($3 million) with $10 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 24 of 35
Sector: Construction M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 13
State: Texas M&A 20 of 22
Country: United States M&A 23 of 34
Year: 2022 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 iwi

Houston, Texas, United States

iwi is a food and nutrition company that sustainably grows a unique algae, Nannochloropsis, in the deserts of Texas and New Mexico, using nonarable land, saltwater and the sun as main source of energy. The Company's products are designed for applications in personalized nutrition, high-performance sport nutrition products and adult nutrition for protein deficiencies. iwi is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 National Cyber Group

Sterling, Virginia, United States

National Cyber Group is a a cybersecurity workforce accelerator equipped to attract, train, and transmit career-seekers into entry-and-mid-level jobs as the nation's 'Elite Cybersecurity Corps.' National Cyber Group combines the forces of America's most-known name in foundational IT certification training, Total Seminars, and the disruptive, hands-on cyber training program, CyberNow Labs. National Cyber Group was founded in 2022 and is based in Sterling, Virginia.

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