Buyout (LBO, MBO, MBI) • Business Services

Genstar Capital Acquires SEER Group

On January 1, 2023, private equity firm Genstar Capital acquired business services company SEER Group

Acquisition Context
  • This is Genstar Capital’s 7th transaction in the Business Services sector.
  • This is Genstar Capital’s 100th transaction in the United States.
  • This is Genstar Capital’s 1st transaction in Washington.

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M&A Deal Summary

Date January 1, 2023
Target SEER Group
Sector Business Services
Buyer(s) Genstar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

SEER Group

Lynnwood, Washington, United States
SEER Group is a provider of home services, including heating, ventilation, and air conditioning (“HVAC”), along with electrical and plumbing. SEER Group was founded in 2018 and is based in Lynnwood, Washington.
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Buyer Overview 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 108 of 112
Sector: Business Services 7 of 8
Type: Buyout (LBO, MBO, MBI) 26 of 26
State: Washington 1 of 1
Country: United States 100 of 104
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-30 Numerix

New York, New York, United States

Numerix is a provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Numerix was founded in 1996 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 2-10 Home Buyers Warranty

Denver, Colorado, United States

2-10 Home Buyers Warranty is a provider of warranty services to builders, realtors, and homeowners and is the only market participant offering both new home and pre-owned home warranty products and home service contracts on a nationwide basis. 2-10 Home Buyers Warranty was founded in 1980 and is based in Denver, Colorado.

Sell $585M