Secondary Buyout • Business Services

Gryphon Investors Acquires Shermco Industries

On June 5, 2018, private equity firm Gryphon Investors acquired business services company Shermco Industries from GFI Energy Ventures and Oaktree Capital Management

Acquisition Context
  • This is Gryphon Investors’ 5th transaction in the Business Services sector.
  • This is Gryphon Investors’ 43rd transaction in the United States.
  • This is Gryphon Investors’ 5th transaction in Texas.
Investment Fate
  • Shermco Industries was sold to a consortium of financial buyers in 2025 for 1.6B USD.

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


M&A Deal Summary

Date June 5, 2018
Target Shermco Industries
Sector Business Services
Buyer(s) Gryphon Investors
Sellers(s) GFI Energy Ventures
Oaktree Capital Management
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Kirkland & Ellis (Legal)

Target Company

Shermco Industries

Irving, Texas, United States
Shermco Industries is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association. Shermco Industries was founded in 1974 and is based in Irving, Texas.
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

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $500 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1995 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 43 of 76
Sector: Business Services 5 of 7
Type: Secondary Buyout 10 of 25
State: Texas 5 of 7
Country: United States 43 of 75
Year: 2018 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Water’s Edge Dermatology

Arcadia, Florida, United States

Water’s Edge Dermatology is a provider of comprehensive dermatology services in over 30 locations in Florida. The company treats patients of all ages suffering from skin diseases, acne, sun damage, skin cancer, vein health issues, as well as those seeking cosmetic and plastic surgery. Water’s Edge Dermatology was founded in 1998 and is based in Arcadia, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-03 Envision Experience

Vienna, Virginia, United States

Envision Experience is a provider of educational, leadership and career-focused programs for high achieving students in middle school, high school and college. Envision Experience was founded in 1985 and is based in Vienna, Virginia.

Sell -

Seller Profiles 2

SELLER

GFI Energy Ventures

Los Angeles, California, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

GFI Energy Ventures is a specialist private investment firm focused on businesses surrounding the energy industry. GFI generally looks to acquire a controlling or significant interest in private companies or business units of public companies. Energy sub-sectors of interest include power quality/power conversion; energy measurement and control; transmission and distribution optimization; and information systems/transaction support. GFI seeks opportunities with at least $50 million in revenue and valued up to $500 million. The Firm will not invest in start-ups, turnarounds, unproven technology, or investments requiring less than $30 million of equity capital. GFI Energy Ventures was formed in 1995 and is based in Los Angeles, California. GFI Energy Ventures was acquired by Oaktree Capital Management in 2009.


Deal Context for Seller #
Overall 26 of 30
Sector: Business Services 4 of 5
Type: Secondary Buyout 2 of 4
State: Texas 4 of 6
Country: United States 24 of 28
Year: 2018 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 IEA

Westchester, Illinois, United States

IEA was formed to build an integrated portfolio of energy and infrastructure construction companies. Since its formation, the company has demonstrated its ability to grow organically and execute numerous successful strategic acquisitions. IEA was formed in 2011 and is based in Westchester, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Solomon

Solomon, Kansas, United States

Solomon is a a full-service transformer rebuilder with a maintenance facility that also specializes in sales and service of distribution transformers, voltage regulators, oil circuit reclosers and switches, as well as transformer parts and components. Solomon was formed in 1971 and is based in Solomon, Kansas.

Sell -
SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


Deal Context for Seller #
Overall 59 of 90
Sector: Business Services 6 of 8
Type: Secondary Buyout 16 of 28
State: Texas 5 of 7
Country: United States 44 of 59
Year: 2018 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Pulse Electronics

San Diego, California, United States

Pulse Electronics Corporation is a electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in magnetics, antennas and connectors, as well as the ability to ramp quickly into high-quality, high-volume production.

Sell $740M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Coriant

Naperville, Illinois, United States

Coriant is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant was founded in 2013 and is based in Naperville, Illinois.

Sell -