M&A Deal Summary

Incline Equity Partners and Five Points Capital Acquire Caldwell & Gregory

On October 24, 2008, private equity firms Incline Equity Partners and Five Points Capital acquired consumer services company Caldwell & Gregory

Acquisition Highlights
  • This is Incline Equity Partners’ 1st and Five Points Capital’s 1st transaction in the Consumer Services sector.
  • This is Incline Equity Partners’ 18th and Five Points Capital’s 20th transaction in the United States.
  • This is Incline Equity Partners’ 2nd and Five Points Capital’s 4th transaction in Virginia.
Investment Fate
  • Caldwell & Gregory was sold to a consortium of financial buyers in 2013.
  • Caldwell & Gregory was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2008-10-24
Target Caldwell & Gregory
Sector Consumer Services
Buyer(s) Incline Equity Partners
Five Points Capital
Deal Type Recapitalization

Target

Caldwell & Gregory

Manakin-Sabot, Virginia, United States
Caldwell & Gregory is a provider of turnkey laundry facility management services for customers in the university and multifamily housing markets. C&G owns and services over 50,000 laundry machines across 23 states and the District of Columbia. Caldwell & Gregory was founded in 1990 and is based in Manakin-Sabot, Virginia.

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Buyer(S) 2

Buyer

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.

DEAL STATS #
Overall 19 of 73
Sector (Consumer Services) 1 of 7
Type (Recapitalization) 3 of 9
State (Virginia) 2 of 4
Country (United States) 18 of 71
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-24 Orthotic Group

Markham, Ontario, Canada

Orthotic Group is a manufacturer and distributor of custom prescription orthotics, orthotic footwear and gait and rehabilitation markets in North America, Europe and Australia. Orthotic Group was founded in 1985 and is based in Markham, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-28 apexanalytix

Greensboro, North Carolina, United States

apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina.

Buy -
Buyer

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 20 of 89
Sector (Consumer Services) 1 of 3
Type (Recapitalization) 4 of 21
State (Virginia) 4 of 8
Country (United States) 20 of 89
Year (2008) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 The Country Vintner

Ashland, Virginia, United States

The Country Vintner (dba Vintners Group) is the second largest distributor of fine wines in the United Sautes and the market leader in the Mid-Atlantic franchise states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Easley Custom Plastics

Easley, South Carolina, United States

Easley Custom Plastics (fka: CH Industries, Inc.) is a full service custom injection molder which specializes in large size, difficult to manufacture polypropylene products and components.

Sell -
Mergr

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