M&A Deal Summary

Heartland Equity Partners Acquires ABM Equipment

On May 25, 2021, private equity firm Heartland Equity Partners acquired business services company ABM Equipment

Acquisition Highlights
  • This is Heartland Equity Partners’ 2nd transaction in the Business Services sector.
  • This is Heartland Equity Partners’ 5th transaction in the United States.
  • This is Heartland Equity Partners’ 4th transaction in Minnesota.

M&A Deal Summary

Date 2021-05-25
Target ABM Equipment
Sector Business Services
Buyer(s) Heartland Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ABM Equipment

Hopkins, Minnesota, United States
ABM Equipment supplies and services specialized truck mounted and other equipment for the utility, construction, municipal and refuse industries. ABM offers a diversified line of equipment solutions for its customers. ABM Equipment is based in Hopkins, Minnesota.

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Buyer(S) 1

DESCRIPTION

Heartland Equity Partners is a private equity firm focused on lower middle-market opportunities in the upper Midwest US (Minnesota, Wisconsin, and Iowa). The Firm generally pursues profitable companies operating in defensible markets. The Firm's target revenue size is $5 to $30 million and prospective transaction situations include buyouts, recapitalizations, and divestitures. Sectors of interest include manufacturing, value-added distribution, and business services. Heartland Equity Partners is based in Brooklyn Center, Minnesota.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: Minnesota M&A 4 of 4
Country: United States M&A 5 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Spectrum Aeromed

Fargo, North Dakota, United States

Spectrum Aeromed designs and manufactures fixed and rotor wing air ambulance medical interiors for hospital programs, multi-mission charters, private operators, and military branches around the world. The Company also provides customized VIP emergency medical interior suites for executive and heads of state aircraft. Spectrum Aeromed is based in Fargo, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Visual Impact

Blaine, Minnesota, United States

Visual Impact is a provider of large format and grand format digital graphics for advertising, promotional, and point of purchase applications. Visual Impact was founded in 1993 and is based in Blaine, Minnesota.

Sell -