M&A Deal Summary

Georgia Oak Partners and Source Capital Acquire Septic Blue

On November 15, 2023, private equity firms Georgia Oak Partners and Source Capital acquired environmental company Septic Blue

Acquisition Highlights
  • This is Georgia Oak Partners’ 1st and Source Capital’s 2nd transaction in the Environmental sector.
  • This is Georgia Oak Partners’ 11th and Source Capital’s 35th transaction in the United States.
  • This is Georgia Oak Partners’ 8th and Source Capital’s 8th transaction in Georgia.

M&A Deal Summary

Date 2023-11-15
Target Septic Blue
Sector Environmental
Buyer(s) Georgia Oak Partners
Source Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Septic Blue

Cumming, Georgia, United States
Septic Blue is a septic services provider catering to Georgia and North Carolina’s residential markets. Septic Blue is known for its full spectrum of septic services, including installations, inspections, maintenance, and repairs. Septic Blue was founded in 2010 and is based in Cumming, Georgia.

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Buyer(S) 2

Buyer

Georgia Oak Partners

Atlanta, Georgia, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Georgia Oak partners is a private equity firm focused on acquiring and investing in founder and family-owned companies throughout the Southeast US. Sectors of interest include home services, manufacturing, business services, transportation, and franchising. The Firm looks to be a value-added partner, assisting with strategy, operations, M&A, and other initiatives. Georgia Oak Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 11 of 11
Sector (Environmental) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Georgia) 8 of 8
Country (United States) 11 of 11
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Artisan Custom Closets

Marietta, Georgia, United States

Artisan Custom Closets is a custom closet company with a mission to provide functional and appealing storage systems to clients according to their storage requirements, budget, and style preferences. Artisan Custom Closets was founded in 2008 and is based in Marietta, Georgia.

Buy -
Buyer

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 35 of 38
Sector (Environmental) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 19 of 20
State (Georgia) 8 of 8
Country (United States) 35 of 38
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 M&M Carnot

Federalsburg, Maryland, United States

M&M Carnot is a provider of industrial refrigeration equipment and control systems for cold storage, food processing, and other industrial applications. M&M designs build, manufactures and service industrial refrigeration systems around the world. M&M Carnot was founded in 1969 and is based in Federalsburg, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Rapid Prep

North Kingstown, Rhode Island, United States

Rapid Prep is a provider of surface preparation equipment rental services, equipment sales, and consumables, parts, and accessories sales nationwide. The Company services customers across the U.S. maritime, defense, industrial, and infrastructure industries. Rapid Prep provides a full suite of products, including but not limited to, dust collectors, vacuums, blasters, dryers, fans, pressure washers, and other related products. It provides a compelling customer value proposition by delivering the highest quality equipment in the industry, providing full service and maintenance, as well as offering unique fabrication and manufacturing capabilities. Rapid Prep was formed in 2006 and is headquartered in North Kingstown, Rhode Island.

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