M&A Deal Summary

Hamilton Robinson Capital Partners Acquires PNE

On May 14, 2018, private equity firm Hamilton Robinson Capital Partners acquired business services company PNE

Acquisition Highlights
  • This is Hamilton Robinson Capital Partners’ 2nd transaction in the Business Services sector.
  • This is Hamilton Robinson Capital Partners’ 22nd transaction in the United States.
  • This is Hamilton Robinson Capital Partners’ 1st transaction in Washington.
Investment Fate
  • PNE was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2018-05-14
Target PNE
Sector Business Services
Buyer(s) Hamilton Robinson Capital Partners
Deal Type Recapitalization

Target

PNE

Longview, Washington, United States
PNE is a provider of industrial services including cleaning, electrical maintenance, environmental remediation and emergency response, process automation/control solutions and specialty construction services. PNE was founded in 1989 and is based in Longview, Washington.

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Buyer(S) 1

Buyer

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 24 of 30
Sector: Business Services M&A 2 of 3
Type: Recapitalization M&A Deals 5 of 9
State: Washington M&A 1 of 1
Country: United States M&A 22 of 28
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 GrayMatter

Warrendale, Pennsylvania, United States

Gray Matter is a technology and consulting company, committed to transforming operations and empowering people in critical infrastructure environments. Gray Matter was founded in 1991 and is based in Warrendale, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 W-Technology

Houston, Texas, United States

W-Technology, Inc. specializes in the design and development of rotatable and molded connectors, precision-machined components, and specialized cable assemblies.

Sell -