M&A Deal Summary

Harbor Beach Capital and Stephens Capital Partners Acquire AVFX

On June 25, 2018, private equity firms Harbor Beach Capital and Stephens Capital Partners acquired business services company AVFX

Acquisition Highlights
  • This is Harbor Beach Capital’s 1st and Stephens Capital Partners’ 4th transaction in the Business Services sector.
  • This is Harbor Beach Capital’s 1st and Stephens Capital Partners’ 55th transaction in the United States.
  • This is Harbor Beach Capital’s 1st and Stephens Capital Partners’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-06-25
Target AVFX
Sector Business Services
Buyer(s) Harbor Beach Capital
Stephens Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AVFX

Woburn, Massachusetts, United States
AVFX provides event technology services, including audio, visual, and lighting production and staging services for corporate events, trade shows, exhibits, and meetings, primarily in North America. AVFX was founded in 1981 and is based in Woburn, Massachusetts.

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Buyer(S) 2

DESCRIPTION

Harbor Beach Capital is a private equity firm focused on control investments in lower middle-market companies. Harbor Beach targets profitable companies with at least $2 million of EBITDA and will consider a variety of transaction situations including recapitalizations, ownership transitions, management buyouts, growth equity investments, and corporate carve-outs. Sectors of interest include manufacturing, business services, consumer services, environmental services, industrial services, healthcare, energy services, consumer products, and food/beverages. Harbor Beach Capital was formed in 2015 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Atlantic Southern Paving and Sealcoating

Sunrise, Florida, United States

Atlantic Southern Paving and Sealcoating is a pavement maintenance and construction services, provider. Atlantic Southern Paving and Sealcoating provide outsourced pavement maintenance planning and repair, maintenance, and construction services. Atlantic Southern Paving and Sealcoating was founded in 1992 and is based in Sunrise, Florida.

Buy -
Buyer
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.


DEAL STATS #
Overall 58 of 77
Sector (Business Services) 4 of 7
Type (Buyout (LBO, MBO, MBI)) 41 of 52
State (Massachusetts) 1 of 1
Country (United States) 55 of 71
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 EiKO

Olathe, Kansas, United States

EiKO is a manufacturer of advanced lighting solutions for the commercial and industrial markets a US-based lighting manufacturer solving the lighting needs of industrial and commercial end‐users for over 40 years, with offices in the United States, Canada, Europe, and APAC. EiKO carries a broad range of LED lamps, indoor and outdoor LED fixtures, and traditional lighting products, selling through electrical distribution. Additionally, EiKO offers a comprehensive suite of services, including real-time quotation and availability, lighting layout tools, utility rebate tools, payback calculator, project financing, search and cross-reference tools. EiKO was founded in 1978 and is based in Olathe, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 RK Supply

Midland, Texas, United States

RK Supply is a distributor of oilfield production supplies (pipe, valves, fittings and other general supplies) in the broader Permian Basin. RK Supply was founded in 2006 and is based in Midland, Texas.

Buy -