M&A Deal Summary

Kohlberg & Company Acquires CLEAResult

On September 3, 2024, private equity firm Kohlberg & Company acquired business services company CLEAResult from TPG

Acquisition Highlights
  • This is Kohlberg & Company’s 11th transaction in the Business Services sector.
  • This is Kohlberg & Company’s 79th transaction in the United States.
  • This is Kohlberg & Company’s 7th transaction in Texas.

M&A Deal Summary

Date 2024-09-03
Target CLEAResult
Sector Business Services
Buyer(s) Kohlberg & Company
Sellers(s) TPG
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

CLEAResult

Austin, Texas, United States
CLEAResult provides energy efficiency, transition, and sustainability services. The company collaborates with a diverse network of local partners to deliver technology and personalized services, making it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and greenhouse gas emissions. CLEAResult was founded in 2003 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 80 of 81
Sector: Business Services M&A 11 of 11
Type: Secondary Buyout M&A Deals 34 of 35
State: Texas M&A 7 of 8
Country: United States M&A 79 of 80
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 Engage PEO

Hollywood, Florida, United States

Engage PEO provides comprehensive HR solutions to small and mid-sized businesses nationwide, sharpening their competitive advantage. Comprised of the industry’s most respected veteran professional employer organization executives, certified HR professionals and attorneys, Engage PEO provides hands-on, expert HR services and counsel to help clients minimize cost and maximize efficiency for stronger business performance. The company’s superior service offering includes a full range of health and workers’ compensation insurance products, payroll technology and tax administration, risk management services and advanced technology as part of an extensive suite of HR services. Engage PEO was formed in 2011 and is based in Hollywood, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 GPRS

Maumee, Ohio, United States

GPRS is a provider of private utility locating and concrete scanning services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States. GPRS was founded in 2001 and is based in Maumee, Ohio.

Sell -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 267 of 277
Sector: Business Services M&A 9 of 9
Type: Secondary Buyout M&A Deals 36 of 41
State: Texas M&A 26 of 26
Country: United States M&A 192 of 199
Year: 2024 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 PS

Los Angeles, California, United States

PS is a private luxury terminal serving commercial flights at Los Angeles International Airport. PS offers a back door to your aircraft, along with seamless security and Customs clearance, as well as luxury amenities before and after your flight. PS is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Miratech

Tulsa, Oklahoma, United States

Miratech is a provider of cost-effective, reliable, and mission critical emission and acoustical solutions for stationary natural gas and diesel reciprocating engines. Its reputation is associated with a customer centric consulting approach, advanced engineering expertise, extensive industry knowledge, project management, responsiveness, and quality products. These attributes have enabled MIRATECH to be highly adaptable, and thus, able to accommodate both small (HP < 300) and large stationary engine applications (up to 14,000 horsepower). Miratech was founded in 1992 and is based in Tulsa, Oklahoma.

Buy -