M&A Deal Summary

Housatonic Partners and Peterson Partners Acquire Diamond Rental

On April 1, 2000, private equity firm Housatonic Partners and asset manager Peterson Partners acquired business services company Diamond Rental

Acquisition Highlights
  • This is Housatonic Partners’ 4th and Peterson Partners’ 1st transaction in the Business Services sector.
  • This is Housatonic Partners’ 15th and Peterson Partners’ 3rd transaction in the United States.
  • This is Housatonic Partners’ 1st and Peterson Partners’ 1st transaction in Utah.
Investment Fate
  • Diamond Rental was sold to a consortium of financial buyers in 2007.

M&A Deal Summary

Date 2000-04-01
Target Diamond Rental
Sector Business Services
Buyer(s) Housatonic Partners
Peterson Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Diamond Rental

Sandy, Utah, United States
Diamond Rental of Salt Lake City, Utah. Diamond is the largest party and equipment rental business in Utah.

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Buyer(S) 2

Buyer

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 15 of 79
Sector: Business Services M&A 4 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 33
State: Utah M&A 1 of 3
Country: United States M&A 15 of 73
Year: 2000 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 The Governance Institute

San Diego, California, United States

The Governance Institute is a membership organization serving not-for-profit hospital and health system boards of directors, executives, and physician leadership. Membership services are provided through research and publications, conferences, and advisory services. In addition to its membership services, The Governance Institute conducts research studies, tracks healthcare industry trends, and showcases governance practices of leading healthcare boards across the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Arrival Communications

Bakersfield, California, United States

Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

Buy $13M
Buyer

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 3 of 58
Sector: Business Services M&A 1 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 25
State: Utah M&A 1 of 22
Country: United States M&A 3 of 51
Year: 2000 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Wind River Environmental

Marlborough, Massachusetts, United States

Wind River Environmental is a provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States. Wind River provides non-discretionary and regulatory-driven non-hazardous waste removal and treatment services to a wide range of commercial, residential, and municipal customers across the Eastern U.S. With more than 25 locations, Wind River serves a diversified blue-chip customer base including national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods. Wind River Environmental was founded in 1999 and is based in Marlborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 FanBuzz

Minnetonka, Minnesota, United States

FanBuzz provides team and league licensed e-commerce solutions to various content Websites including teams, leagues, colleges and media properties.

Buy -