Investment Summary

Growcore Investments and Tecum Capital Exits Bandon Holdings

On July 28, 2022, private equity firm Sentinel Capital Partners invested in consumer services company Bandon Holdings from Growcore Investments and Tecum Capital

Investment Highlights
  • This is Sentinel Capital Partners’ 4th transaction in the Consumer Services sector.
  • This is Sentinel Capital Partners’ 83rd transaction in the United States.
  • This is Sentinel Capital Partners’ 10th transaction in Texas.

Investment Summary

Date 2022-07-28
Target Bandon Holdings
Sector Consumer Services
Investor(s) Sentinel Capital Partners
Sellers(s) Growcore Investments
Tecum Capital
Deal Type Secondary Buyout

Target

Bandon Holdings

Austin, Texas, United States
Bandon Holdings is a strategic fitness platform and the largest franchisee in the Anytime Fitness family with clubs across Texas, Oklahoma, and Kansas. The franchise has expanded significantly through new development and a proven acquisition strategy, with growth driven by consumer demand for healthier lifestyles. Bandon Holdings is based in Austin, Texas.

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Investor(S) 1

Investor

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 91 of 99
Sector: Consumer Services M&A 4 of 5
Type: Secondary Buyout M&A Deals 34 of 38
State: Texas M&A 10 of 10
Country: United States M&A 83 of 91
Year: 2022 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Altima Dental

Toronto, Ontario, Canada

Altima Dental is a dental services organization that focuses on supporting superior patient care, best clinical practices, and true partnership with dentists. Altima Dental was founded in 1993 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 SmartSign

Brooklyn, New York, United States

SmartSign is an e-commerce company operating as a parent to brands like MySafetySign, MyParkingSign, and nearly 30 other sites. The company manufactures and distributes a wide range of signs, tags, mats, and labels and customers can tailor their signs to meet their individual needs, and through content-rich and authoritative retail sites. It provides specific solutions to specific problems, such as preventing accidents in the workplace. SmartSign was formed in 1999 and is based in Brooklyn, New York.

Buy -

Seller(S) 2

SELLER

Growcore Investments

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Growcore Investments is a private equity firm that invests in growth-oriented consumer products and services companies primarily located in the US. Growcore Investments focuses on companies with strong market positions, experienced management, and unique/differentiated products. The Firm targets companies operating in the fields of Active Sports & Footwear, Consumer Products/ Soft Lines, Apparel & Accessories, Food & Beverage, and Retail / Restaurants. Growcore Investments was formed in 2008 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 7 of 7
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 CANarchy

Longmont, Colorado, United States

CANarchy is a disruptive collective of like-minded brewers dedicated to bringing quality and innovative flavors to beer drinkers in the name of independent craft beer. CANarchy is a provider of American craft beer in a can by bringing value to distributors, retailers, and beer drinkers. CANarchy was founded in 2015 and is based in Longmont, Colorado.

Sell $330M
SELLER

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 20 of 25
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 7
State: Texas M&A 1 of 1
Country: United States M&A 20 of 25
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Arrow Waste

Conley, Georgia, United States

Arrow Waste is a roll-off container waste hauling business servicing over 10,000 residential & commercial customers annually in the Atlanta metropolitan area. Arrow Waste is based in Conley, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-30 Accelevation

Miamisburg, Ohio, United States

Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. Its primary product line includes hot-aisle and cold-aisle containment solutions for leading data center builders and operators. Accelevation was founded in 2018 and is based in Miamisburg, Ohio.

Buy -