Secondary Buyout • Business Services

Greenbriar Equity Group Acquires Facilities Group

On February 8, 2022, private equity firm Greenbriar Equity Group acquired business services company Facilities Group from Ironwood Capital

Acquisition Context
  • This is Greenbriar Equity Group’s 1st transaction in the Business Services sector.
  • This is Greenbriar Equity Group’s 31st transaction in the United States.
  • This is Greenbriar Equity Group’s 3rd transaction in Florida.

Explore All 831 Secondary Buyout Business Services Deals - Search the Database Free


M&A Deal Summary

Date February 8, 2022
Target Facilities Group
Sector Business Services
Buyer(s) Greenbriar Equity Group
Sellers(s) Ironwood Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)

Target Company

Facilities Group

Tampa, Florida, United States
Facilities Group is a portfolio of commercial facilities maintenance companies focused on providing quality services and valuable client relationships. Together, Facilities Group companies service more than 18,000 locations across a variety of industries including healthcare, education, logistics, finance, commercial, and industrial facilities. Facilities Group is based in Tampa, Florida.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Greenbriar Equity Group

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 36 of 47
Sector: Business Services 1 of 3
Type: Secondary Buyout 17 of 22
State: Florida 3 of 3
Country: United States 31 of 42
Year: 2022 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Spireon

Knoxville, Tennessee, United States

Spireon is a connected vehicle intelligence company, providing businesses and consumers with powerful insights to track, manage and protect their most valuable mobile assets. Spireon was founded in 2002 and is based in Knoxville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 JEGS

Delaware, Ohio, United States

JEGS is a national automotive aftermarket retailer and distributor of high-performance parts and accessories. Its products and services are made available to its enthusiast customers through its online website and its fulfillment centers. JEGS was formed in 1960 and is based in Delaware, Ohio.

Buy -

Seller Profile 1

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


Deal Context for Seller #
Overall 47 of 55
Sector: Business Services 1 of 5
Type: Secondary Buyout 12 of 13
State: Florida 1 of 1
Country: United States 47 of 55
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 P3 Services

Auburn, Washington, United States

P3 Services is a provider of plumbing installation and maintenance and repair services to the multi-family, light commercial, and single-family end markets with operations in Austin, Charlotte, Dallas, Houston, San Antonio, and Seattle. P3 Services was founded in 1985 and is based in Auburn, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Pith Products

Ashford, Connecticut, United States

Pith Products is a designer and manufacturer of tool storage solutions primarily for the aerospace industry and precision tool markets. Pith Products was founded in 1991 and is based in Ashford, Connecticut.

Buy -