M&A Deal Summary

Harren Equity Partners Acquires Core States

On April 13, 2022, private equity firm Harren Equity Partners acquired engineering company Core States

Acquisition Highlights
  • This is Harren Equity Partners’ 1st transaction in the Engineering sector.
  • This is Harren Equity Partners’ 30th transaction in the United States.
  • This is Harren Equity Partners’ 2nd transaction in Georgia.

M&A Deal Summary
Date 2022-04-13
Target Core States
Sector Engineering
Buyer(s) Harren Equity Partners
Deal Type Recapitalization

Target

Core States

Duluth, Georgia, United States
Core States provides architectural, design, engineering, program rollout services, and signage solutions to a diverse set of multi-national, blue-chip clients operating in a variety of end markets. Core States supports multi-site expansion, remodeling, and renovation programs across North America. Core States was founded in 1999 and is based in Duluth, Georgia.

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Buyer(S) 1

Buyer

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.

DEAL STATS #
Overall 31 of 31
Sector (Engineering) 1 of 1
Type (Recapitalization) 19 of 19
State (Georgia) 2 of 2
Country (United States) 30 of 30
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 A&A Transfer

Chantilly, Virginia, United States

A&A Transfer provides rigging and lifts solutions to a diverse client base, complete with logistics management, handling, storage, and transportation services for heavy capital assets. It has expanded to provide comprehensive supply chain and lift solutions to data center operators focused in the prolific Northern Virginia data center market. A&A Transfer was formed in 1965 and is based in Chantilly, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-07 Velosio

Dublin, Ohio, United States

Velosio delivers fresh ideas and unmatched know-how for cloud, ERP, CRM, business intelligence, office automation, and other business solutions. Velosio was founded in 1991 and is based in Dublin, Ohio.

Sell -
Mergr

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