Secondary Buyout • Engineering

Leonard Green & Partners Acquires GeoStabilization

On September 26, 2024, private equity firm Leonard Green & Partners acquired engineering company GeoStabilization from KKR

Acquisition Context
  • This is Leonard Green & Partners’ 1st transaction in the Engineering sector.
  • This is Leonard Green & Partners’ 97th transaction in the United States.
  • This is Leonard Green & Partners’ 3rd transaction in Colorado.

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M&A Deal Summary

Date September 26, 2024
Target GeoStabilization
Sector Engineering
Buyer(s) Leonard Green & Partners
Sellers(s) KKR
Deal Type Secondary Buyout
Advisor(s) Harris Williams
UBS Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 105 of 108
Sector: Engineering 1 of 1
Type: Secondary Buyout 47 of 48
State: Colorado 3 of 3
Country: United States 97 of 100
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Eyemart Express

Farmers Branch, Texas, United States

Eyemart Express is an independent, value-focused optical retailer with over 150 stores in more than 30 states. The company provides a broad selection of high-quality private label and branded frames with convenient one-hour service in all locations. Eyemart Express was formed in 1990 and is based in Farmers Branch, Texas.

Sell -

Seller Profile 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Seller #
Overall 206 of 215
Sector: Engineering 3 of 3
Type: Secondary Buyout 36 of 41
State: Colorado 3 of 3
Country: United States 89 of 94
Year: 2024 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 IQGeo Group

Cambridge, United Kingdom

IQGeo Group is an enterprise location intelligence solution provider. It work with manufacturing, communications and utilities companies, enabling them to improve operational effectiveness, increase efficiency and boost profitability. IQGeo Group was founded in 2002 and is based in Cambridge, United Kingdom.

Buy £333M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 The Parking Spot

Chicago, Illinois, United States

The Parking Spot operates off-site parking lots near more than 20 major US airports, some with multiple locations. Lots have both covered and uncovered areas as well as valet parking. The Parking Spot was formed in 1998 and is based in Chicago, Illinois.

Buy -