M&A Deal Summary

Macquarie Capital Acquires Kalkomey

On June 24, 2024, private equity firm Macquarie Capital acquired business services company Kalkomey from Cove Hill Partners

Acquisition Highlights
  • This is Macquarie Capital’s 2nd transaction in the Business Services sector.
  • This is Macquarie Capital’s 11th transaction in the United States.
  • This is Macquarie Capital’s 3rd transaction in Texas.

M&A Deal Summary
Date 2024-06-24
Target Kalkomey
Sector Business Services
Buyer(s) Macquarie Capital
Sellers(s) Cove Hill Partners
Deal Type Secondary Buyout

Target

Kalkomey

Richardson, Texas, United States
Kalkomey provides technology-enabled recreational safety management solutions to outdoor enthusiasts and government agencies. The company administers online education courses and certifications for boaters and hunters in all 50 US states and Canada. It also provides software to state agencies to drive recreational participation and civic engagement and grow agency revenue. Kalkomey was founded in 1995 and is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Macquarie Capital

Investor Investor

Category Private Equity Firm
Size Mega
Type Sector Agnostic
DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.

DEAL STATS #
Overall 29 of 29
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 8 of 8
State (Texas) 3 of 3
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 Camin Cargo

Pasadena, Texas, United States

Camin Cargo is a third-party service provider of mission-critical inspection, testing, and fuel treatment services to the petroleum products industry. Camin Cargo’s 59 branches, located in 15 countries, are strategically located to serve multiple key ports, refineries, and other petroleum product transfer points throughout the United States, Canada, Latin America, and Western Europe. Camin Cargo was founded in 1982 and is based in Pasadena, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 AirTrunk

North Sydney, Australia

AirTrunk is an Asia Pacific data center platform operating 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region. AirTrunk is based in North Sydney, Australia.

Sell AU$24.0B

Seller(S) 1

SELLER

Cove Hill Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cove Hill Partners is a private equity firm focused on control (or influential minority) investments in consumer technology companies. The Firm looks to make 1 to 2 platform acquisitions per year and will consider opportunities throughout North America valued up to $800 million. Prospective companies generally exhibit strong management, high barriers to entry, attractive business models, and competitive market positions. Cove Hill Partners was formed in 2017 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Encompass

Fort Collins, United States

Encompass Technologies has created a comprehensive network of software solutions to help over 600 warehouses, hundreds of suppliers, and over 4,000 retailers. The customizable, cloud-based ERP system is specifically built for the distribution industry and functions to fit unique business needs with products like warehouse management, sales execution, logistics, warehouse automation, retailer ordering tools, and more. Encompass was founded in 2001 and is based in Fort Collins, Colorado.

Buy -
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