M&A Deal Summary

Leonard Green & Partners Acquires Service Logic

On November 2, 2020, private equity firm Leonard Green & Partners acquired business services company Service Logic from Warburg Pincus

Acquisition Highlights
  • This is Leonard Green & Partners’ 7th transaction in the Business Services sector.
  • This is Leonard Green & Partners’ 79th transaction in the United States.
  • This is Leonard Green & Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-11-02
Target Service Logic
Sector Business Services
Buyer(s) Leonard Green & Partners
Sellers(s) Warburg Pincus
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Kirkland & Ellis (Legal)

Target

Service Logic

Charlotte, North Carolina, United States
Service Logic is an independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and control systems. Service Logic was formed in 1945 and is based in Denver, Colorado.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 84 of 102
Sector (Business Services) 7 of 9
Type (Secondary Buyout) 34 of 47
State (North Carolina) 1 of 1
Country (United States) 79 of 94
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Vital Care

Brentwood, Tennessee, United States

Vital Care is a franchisor of home infusion services. Vital Care serves the medical needs of a wide range of patients, including those with chronic and acute conditions. Home infusion therapy involves the intravenous or subcutaneous administration of drugs or biologicals to patients at home. Vital Care was founded in 1986 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 ECI Software Solutions

Fort Worth, Texas, United States

ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 203 of 251
Sector (Business Services) 10 of 10
Type (Secondary Buyout) 34 of 42
State (North Carolina) 6 of 6
Country (United States) 115 of 137
Year (2020) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Somers Re

Pembroke, Bermuda

Somers Re is a global property and casualty insurance and reinsurance company. Somers Re was founded in 2013 and is headquartered in Pembroke, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Sweeping of America

Cleveland, Ohio, United States

Sweeping Corporation of America is a power sweeping services company in the United States. SCA self-performs power sweeping for highways, streets, industrial and commercial applications for both private and government entities. Sweeping Corporation of America was formed in 1988 and is based in Cleveland, Ohio.

Buy -
Mergr

Product

Company

Legal