M&A Deal Summary

Investcorp Acquires Best in Class Technology Services

On January 9, 2024, asset manager Investcorp acquired business services company Best in Class Technology Services from Dunes Point Capital

Acquisition Highlights
  • This is Investcorp’s 14th transaction in the Business Services sector.
  • This is Investcorp’s 81st transaction in the United States.
  • This is Investcorp’s 1st transaction in Kansas.

M&A Deal Summary

Date 2024-01-09
Target Best in Class Technology Services
Sector Business Services
Buyer(s) Investcorp
Sellers(s) Dunes Point Capital
Deal Type Secondary Buyout

Target

Best in Class Technology Services

Lenexa, Kansas, United States
Best in Class Technology Services is a provider of commercial HVAC aftermarket services including maintenance, repair, and project work. BCTS has 14 locations across seven states and employs over 500 people. Best in Class Technology Services is based in Lenexa, Kansas.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 175 of 176
Sector (Business Services) 14 of 15
Type (Secondary Buyout) 57 of 58
State (Kansas) 1 of 1
Country (United States) 81 of 81
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Outcomes First Group

Bolton, United Kingdom

Outcomes First Group is a specialist provider of education and therapeutic care. The Group’s specialist education and therapeutic care services are provided by its nationwide teams, under the brands Acorn Education and Care and Options Autism. Outcomes First Group is based in Bolton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Opsec Security

Tyne & Wear, United Kingdom

Opsec Security is provider of anti-counterfeiting technologies, as well as solutions and services for physical and online brand protection, to over 300 brand owners and over 50 governments worldwide. Opsec Security Group was founded in 1989 and is based in Tyne & Wear, United Kingdom.

Sell $270M

Seller(S) 1

SELLER

Dunes Point Capital


Category Family Office
Founded 2013
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Dunes Point Capital is a family office and private investment firm focused on control investments in the industrials sector. Dunes Point Capital was formed in 2013 and is based in Rye, New York.


DEAL STATS #
Overall 6 of 8
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Kansas) 1 of 1
Country (United States) 6 of 8
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-26 Noland s

Clermont, Florida, United States

Noland's provides residential customers with re-roofing and building exterior services. Noland's is based in Clermont, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Harvey Building Products

Waltham, Massachusetts, United States

Harvey Building Products manufactures windows and doors under the Harvey brand name and also distributes siding, roofing and other building products. Harvey Building Products was founded in 1961 and is based in Waltham, Massachusetts.

Sell -