M&A Deal Summary

Gallant Capital Acquires Pro-Vac

On February 22, 2022, private equity firm Gallant Capital acquired environmental company Pro-Vac from RLJ Equity Partners

Acquisition Highlights
  • This is Gallant Capital’s 1st transaction in the Environmental sector.
  • This is Gallant Capital’s 7th transaction in the United States.
  • This is Gallant Capital’s 1st transaction in Washington.

M&A Deal Summary

Date 2022-02-22
Target Pro-Vac
Sector Environmental
Buyer(s) Gallant Capital
Sellers(s) RLJ Equity Partners
Deal Type Secondary Buyout

Target

Pro-Vac

Puyallup, Washington, United States
Pro-Vac is an environmental, infrastructure, and municipal services provider in the Pacific Northwest. Pro-Vac offers a comprehensive suite of essential support services to the infrastructure, municipal, and environmental markets, including hydro excavation, storm, and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental, and other specialty services. Pro-Vac was founded in 2002 and is based in Puyallup, Washington.

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Buyer(S) 1

Buyer

Gallant Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gallant Capital is a private equity firm focused on control investments of profitable lower middle-market companies with up to $40 million of EBITDA. The Firm targets individual or family-owned companies as well as corporate divestitures. Broad areas of interest include technology, industrials, and business services. Gallant Capital was established in 2018 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 7 of 11
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Washington) 1 of 1
Country (United States) 7 of 10
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 InformData

Kennesaw, Georgia, United States

InformData is a provider of the most comprehensive suite of data solutions to the background check industry. The company provides background screening solutions that empower CRAs with actionable insights that are reliable, and efficient and drive down the total cost of ownership. InformData was formed in 1998 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 SLWM

Kansas City, Missouri, United States

SLWM is a tech-enabled marketing services provider, optimizing marketing effectiveness and procurement of the print, digital & creative, point of sale and branded merchandise categories. SLWM provides a fully outsourced, end-to-end solution that delivers critical, high ROI solutions for its clients. SLWM is based in Kansas City, Missouri.

Buy -

Seller(S) 1

SELLER

RLJ Equity Partners

Bethesda, Maryland, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RLJ Equity Partners LLC is a private equity firm focused on long term investments in North American middle-market companies. The Firm looks to invest $15 to $40 million per transaction in companies valued between $50 and $250 million. RLJ targets companies operating in the fields of aerospace/defense, auto/transportation, business services, consumer retail, media, and telecom. Types of transactions include corporate divestitures, buyouts, recapitalizations, growth equity, and add-on acquisitions. RLJ Equity Partners LLC was formed in 2006 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 9 of 11
Sector (Environmental) 2 of 2
Type (Secondary Buyout) 3 of 4
State (Washington) 1 of 1
Country (United States) 7 of 9
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Ogle School

Arlington, Texas, United States

Ogle School is a provider of cosmetology and esthetics career education in Texas. It operates eight campuses with superior graduation and job placement outcomes; phenomenal, long-established brand equity; and an exemplary compliance record. Ogle School was founded in 1973 and is based in Arlington, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Enhanced Resource Centers

Jacksonville, Florida, United States

Enhanced Resource Centers is a provider of customer experience management solutions with a focus on call center-based business process outsourcing solutions and accounts receivable management services to blue-chip clients in a variety of industries, including financial services, telecommunications, utilities, and student loan markets. Enhanced Resource Centers was founded in 1999 and is headquartered in Jacksonville, Florida.

Sell -