Buyout (LBO, MBO, MBI) • Business Services

Garden City Equity Acquires Duncan & Sons’

On February 15, 2022, private equity firm Garden City Equity acquired business services company Duncan & Sons’

Acquisition Context
  • This is Garden City Equity’s 1st transaction in the Business Services sector.
  • This is Garden City Equity’s 4th transaction in the United States.
  • This is Garden City Equity’s 1st transaction in Tennessee.

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M&A Deal Summary

Date February 15, 2022
Target Duncan & Sons’
Sector Business Services
Buyer(s) Garden City Equity
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Duncan & Sons’

Knoxville, Tennessee, United States
Duncan & Sons’ provides commercial, educational, and industrial facilities with reliable quality cleaning service at competitive pricing. Duncan & Sons’ was founded in 1989 and is based in Knoxville, Tennessee.
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Buyer Overview 1

DESCRIPTION

Garden City Equity is a private holding company that acquires and grows founder- and family-owned service businesses. The Firm seeks profitable ($5 to $25 million of net income), high-margin companies where it can assist with long-term growth. Garden City Equity is backed by a network of high-net worth individual investors. Garden City Equity was formed in 2020 and is based in Atlanta, Georgia. .


Deal Context for Buyer #
Overall 4 of 9
Sector: Business Services 1 of 2
Type: Buyout (LBO, MBO, MBI) 2 of 2
State: Tennessee 1 of 1
Country: United States 4 of 9
Year: 2022 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Essig Pools

Miramar, Florida, United States

Essig Pools engages in building world-class pools. Essig Pools was founded in 1981 and is based in Miramar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Connext

Duluth, Georgia, United States

Connext specializes in network infrastructure, point-of-sale systems (POS), and digital signage, and a proven track record of completing critical technology deployments on-time and on-budget. Connext is based in Duluth, Georgia.

Buy -