M&A Deal Summary |
|
|---|---|
| Date | 2024-01-09 |
| Target | Plimpton & Hills |
| Sector | Distribution |
| Buyer(s) |
Grove Mountain Partners
The Stephens Group PNC Erieview Capital |
| Deal Type | Buyout (LBO, MBO, MBI) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2020 |
| PE ASSETS | 480M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Grove Mountain Partners is a private equity firm focused on investments in lower-middle market home service and specialty business service companies throughout the US. The Firm seeks long-term partnerships with management teams in businesses with EBITDA between $3 and $25 million and $15 to $200 million in revenue. Grove Mountain considers control and structured equity investments to support management/leveraged buyouts, family succession planning, recapitalizations, and corporate divestitures. Grove Mountain prefers businesses with relatively low capital intensity and generally avoids companies with customer concentration, extreme cyclicality, significant regulation, or unknown technology risks. Grove Mountain Partners was founded in 2020 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Distribution) | 1 of 1 |
| Type (Buyout (LBO, MBO, MBI)) | 2 of 2 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2024) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-03 |
Central States Paving and Concrete
Wisconsin, United States Central States is a partnership of paving companies. It seeks to provide excellent customer service while providing a stable and growing environment for its base of committed employees. Central States Paving and Concrete is based in Wisconsin. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-05 |
Service Country
United States Service Country is a platform of residential heating, air conditioning, plumbing, and electrical services companies serving target markets in Southeastern United States. |
Buy | - |
| Category | Family Office |
|---|---|
| Founded | 1933 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
The Stephens Group is a private investment firm focused on long-term investments in mid-sized companies. The Firm looks to partner with management teams when pursuing acquisitions. Sectors of interest include energy, energy services, business services, industrials, consumer products, consumer services, financial services, healthcare, technology, media, and communications. The Stephens Group was originally established in 1933 and is headquartered in Little Rock, Arkansas.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 52 |
| Sector (Distribution) | 5 of 5 |
| Type (Buyout (LBO, MBO, MBI)) | 26 of 26 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 48 of 49 |
| Year (2024) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-02 |
Summit Industrial
Houston, Texas, United States Summit Industrial is a heavy industrial contractor serving customers primarily in the power, chemical, paper, plastics, utilities, minerals and mining, and food/beverage markets. Summit provides customers turn-key solutions including construction, engineering, project planning, fabrication, installation, demolition and maintenance/repair services. Summit Industrial was founded in 1996 and is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-23 |
VisionSafe
Kaneohe, Hawaii, United States VisionSafe is a provider of engineered aircraft cockpit smoke displacement systems for use on business, cargo, passenger, government, and other aircraft. The Company's flagship product, the Emergency Vision Assurance System (EVAS), serves to protect pilots' vision in situations where dense, blinding smoke fills the cockpit, enabling them to control and land the aircraft safely. VisionSafe is based in Kaneohe, Hawaii. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1979 |
| Size | Middle-Market |
| Type | Sector Agnostic |
PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 39 |
| Sector (Distribution) | 6 of 6 |
| Type (Buyout (LBO, MBO, MBI)) | 6 of 6 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 37 of 39 |
| Year (2024) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-18 |
VetEvolve
Richmond, Virginia, United States VetEvolve is a multi-location veterinary practice management platform providing its partner clinics differentiated partnership solutions and comprehensive services that free them up to focus on patient care. Its partner clinics provide general veterinary, emergency, boarding and daycare services to companion animals. VetEvolve is based in Richmond, Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-25 |
Star Seed
Osborne, Kansas, United States Star Seed is a producer, conditions and markets high-quality seeds to the agriculture industry. Star Seed, Inc. is a seed distributor focused on native grasses, wildflowers, forages, cover crops, wheat, and other small grains. Star Seed was founded in 1920 and is based in Osborne, Kansas. |
Sell | - |
