M&A Deal Summary

Leonard Green & Partners Acquires DuraServ

On August 2, 2024, private equity firm Leonard Green & Partners acquired business services company DuraServ

Acquisition Highlights
  • This is Leonard Green & Partners’ 9th transaction in the Business Services sector.
  • This is Leonard Green & Partners’ 93rd transaction in the United States.
  • This is Leonard Green & Partners’ 16th transaction in Texas.

M&A Deal Summary
Date 2024-08-02
Target DuraServ
Sector Business Services
Buyer(s) Leonard Green & Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Piper Sandler & Co. (Financial)
Morgan Lewis (Legal)

Target

DuraServ

Carrollton, Texas, United States
DuraServ is a provider of commercial and industrial overhead door and loading dock equipment maintenance, repair and install services. DuraServ was founded in 2001 and is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 101 of 102
Sector (Business Services) 9 of 9
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Texas) 16 of 16
Country (United States) 93 of 94
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 SRS Distribution

McKinney, Texas, United States

SRS Distribution is a distributor of residential roofing materials and supplies in the U.S. SRS has over 160 branches in more than 40 states serving a diverse group of roofing contractors, home builders, and retailers. SRS Distribution was founded in 2008 and is based in McKinney, Texas.

Sell $18.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 GeoStabilization

Commerce City, Colorado, United States

GeoStabilization is a provider of complex geotechnical maintenance services for critical infrastructure across the U.S. and Canada. The company develops and implements innovative solutions that protect from dangers associated with geohazards that have either caused or have the potential to cause, catastrophic infrastructure failures and significant economic disruption. GeoStabilization was founded in 2002 and is based in Commerce City, Colorado.

Buy -
Mergr

Product

Company

Legal