M&A Deal Summary

GHK Capital Partners, Breakwater Management and Alaris Equity Partners Acquire Brown & Settle

On March 4, 2019, private equity firms GHK Capital Partners, Breakwater Management and Alaris Equity Partners acquired construction company Brown & Settle

Acquisition Highlights
  • This is GHK Capital Partners’ 1st, Breakwater Management’s 1st and Alaris Equity Partners’ 3rd transaction in the Construction sector.
  • This is GHK Capital Partners’ 1st, Breakwater Management’s 15th and Alaris Equity Partners’ 11th transaction in the United States.
  • This is GHK Capital Partners’ 1st, Breakwater Management’s 1st and Alaris Equity Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2019-03-04
Target Brown & Settle
Sector Construction
Buyer(s) GHK Capital Partners
Breakwater Management
Alaris Equity Partners
Deal Type Recapitalization
Advisor(s) Prime Investment (Financial)

Target

Brown & Settle

Manassas, Virginia, United States
Brown & Settle is a Commercial site development provider of services including excavation, clearing, rock blasting, demolition, recycling, paving, and utility installation in Virginia, Maryland, West Virginia, and the Greater Washington D.C. area. Brown & Settle was founded in 2003 and is based in Manassas, Virginia.

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Buyer(S) 3

DESCRIPTION

GHK Capital Partners is a private equity firm focused on acquiring mid-sized industrial companies with $15 to $40 million of EBITDA. The Firm looks to partner with management teams when pursuing transactions and will consider opportunities throughout the US. GHK Capital Partners was established in 2018 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 8
Sector (Construction) 1 of 1
Type (Recapitalization) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 8
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Supreme Cabinetry Brands

Howard Lake, Minnesota, United States

Supreme Cabinetry Brands manufactures residential cabinetry in America with a portfolio of product lines significantly focused on the premium cabinetry segment. With manufacturing facilities located in Minnesota, Iowa and North Carolina, Supreme Cabinetry Brands, with its two iconic brands, Dura Supreme and Bertch cabinetry, craft framed and frameless cabinetry for a nationwide network of dealers. Supreme Cabinetry was formed in 1954 and is headquartered in Howard Lake, Minnesota.

Buy -
DESCRIPTION

Breakwater Investment Management is a private investment firm focused on providing loans and growth capital financing to owner-entrepreneurs and sponsor-backed businesses in the lower middle-market. The Firm looks to invest at least $20 million in profitable companies (> $5 million of EBITDA) throughout the US and Canada. Breakwater Investment Management was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 16 of 18
Sector (Construction) 1 of 2
Type (Recapitalization) 1 of 1
State (Virginia) 1 of 1
Country (United States) 15 of 16
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 The Madera Group

West Hollywood, California, United States

The Madera Group is the owner and operator of a restaurant group consisting of (i) Tocaya Organica, an expanding fast-casual organic Mexican restaurant chain with 10 units in Southern California and Arizona (ii) Toca Madera, a fine dining establishment that serves premium organic Mexican food coupled with a high-energy atmosphere and (iii) Casa Madera, a fine dining and beach lounge concept established in partnership with Caesars Entertainment. The Madera Group is based in West Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Loot Crate

Los Angeles, California, United States

Loot Crate partners with the largest movie studios, game companies, comics publishers, and general pop culture talent to deliver multiple lines of themed mystery boxes monthly to fans, affectionately called “Looters,” around the world. More than just a branded box of licensed apparel and collectibles. Loot Crate was founded in 2012 and is based in Los Angeles, California.

Sell -
DESCRIPTION

Alaris Equity Partners is a private equity firm focused on non-control investments in lower-middle market North American companies. Alaris typically commits $10 to $100 million per transaction to support recapitalization, growth, buyout, and generational transfer investment situations. The Firm invests in a variety of industries including business services, healthcare services, industrial services, IT, and construction. Alaris Equity Partners was established in 2004 and is based in Calgary, Alberta.


DEAL STATS #
Overall 13 of 22
Sector (Construction) 3 of 3
Type (Recapitalization) 1 of 1
State (Virginia) 1 of 1
Country (United States) 11 of 19
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 GlobalWide Media

Westlake Village, California, United States

GlobalWide Media provides data-driven digital marketing solutions for advertisers globally. The company manages performance and branding campaigns for advertisers across all forms of digital media including display, video, connected TV, social and email on devices including computers, mobiles, tablets and connected TV. GlobalWide Media was founded in 2006 and is based in Westlake Village, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Amur Financial Group

Surrey, British Columbia, Canada

Amur Financial Group is an independent originator, manager and servicer of home equity loans catering to near-prime homeowners. Amur's business model revolves around home equity loans to clients who are looking to use the equity in their homes to fund debt consolidation, home renovations or other uses. Amur Financial Group is based in Surrey, British Columbia.

Buy -