M&A Deal Summary

Main Street Capital Acquires J & J Services

On November 6, 2019, private equity firm Main Street Capital acquired environmental company J & J Services for 25M USD

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Environmental sector.
  • This is Main Street Capital’s 13th largest (disclosed) transaction.
  • This is Main Street Capital’s 107th transaction in the United States.
  • This is Main Street Capital’s 3rd transaction in Tennessee.

M&A Deal Summary

Date 2019-11-06
Target J & J Services
Sector Environmental
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 25M USD

Target

J & J Services

Nashville, Tennessee, United States
J & J Services is a second-generation family-owned business providing roll-off dumpster and portable toilet rental services to an expansive base of residential, commercial, and demolition customers. J & J Services was founded in 2000 and headquartered in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 107 of 146
Sector: Environmental M&A 2 of 2
Type: Recapitalization M&A Deals 36 of 63
State: Tennessee M&A 3 of 3
Country: United States M&A 107 of 146
Year: 2019 M&A 5 of 5
Size (of disclosed) 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 Keco

Houston, Texas, United States

Keco is a manufacturer and designer of liquid and gas sensor analyzers for refineries, pipelines, chemical plants, and gas processing plants, with a long-term customer base in the United States and various international markets. The Company's analyzers serve mission-critical applications in ensuring safety and compliance for their end-users, with the ability to detect contaminants in liquids and gases, such as H2S (hydrogen sulfide), carbon dioxide, sulfur, and oil hydrocarbons. Keco was founded in 1984 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 NinjaTrader Group

Chicago, Illinois, United States

NinjaTrader Group is a provider of trading software and brokerage services to active traders. NinjaTrader Group was founded in 2003 and is based in Chicago, Illinois.

Buy -