M&A Deal Summary |
|
|---|---|
| Date | 2024-03-05 |
| Target | Service Country |
| Sector | Business Services |
| Buyer(s) |
Grove Mountain Partners
PNC Erieview Capital |
| Deal Type | Consolidation |
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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 | 5 of 5 |
| Sector (Business Services) | 2 of 2 |
| Type (Consolidation) | 2 of 2 |
| Country (United States) | 5 of 5 |
| Year (2024) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-09 |
Plimpton & Hills
Meriden, Connecticut, United States Plimpton & Hills is focused on the distribution of HVAC and Plumbing products across the Northeast. Plimpton & Hills is based in Meriden, Connecticut. |
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 | 40 of 41 |
| Sector (Business Services) | 5 of 5 |
| Type (Consolidation) | 3 of 3 |
| Country (United States) | 39 of 40 |
| Year (2024) | 2 of 3 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-15 |
McMillan Pazdan Smith Architecture
Spartanburg, South Carolina, United States McMillan Pazdan Smith Architecture offers a range of architecture, advisory, planning, and interior design services to a diverse group of public and private clients in the higher education, K-12, healthcare, civic and cultural, commercial, industrial, and living markets. McMillan Pazdan Smith Architecture was formed in 1995 and is based in Spartanburg, South Carolina. |
Buy | - |
