M&A Deal Summary

MidOcean Partners Acquires Empower Brands

On January 4, 2021, private equity firm MidOcean Partners acquired franchising company Empower Brands from Incline Equity Partners

Acquisition Highlights
  • This is MidOcean Partners’ 1st transaction in the Franchising sector.
  • This is MidOcean Partners’ 44th transaction in the United States.
  • This is MidOcean Partners’ 3rd transaction in Virginia.

M&A Deal Summary

Date 2021-01-04
Target Empower Brands
Sector Franchising
Buyer(s) MidOcean Partners
Sellers(s) Incline Equity Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Dentons (Legal)

Target

Empower Brands

Glen Allen, Virginia, United States
Empower Brands is a multi-brand franchise platform focused on commercial and residential services with core offerings including cleaning, restoration, virtual office services, outdoor living space construction, outdoor lighting, and irrigation services. Empower Brands was founded in 1991 and is based in Glen Allen, Virginia.

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Buyer(S) 1

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 49 of 60
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 18 of 25
State (Virginia) 3 of 3
Country (United States) 44 of 55
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 FullSpeed Automotive

Greenwood Village, Colorado, United States

FullSpeed Automotive is an automotive aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes, and other ancillary services through multiple brand formats that target several highly attractive segments of the service market. The Company’s strategic geographic footprint of nearly 600 franchised and company-owned locations provide density in high growth markets. FullSpeed supports two core brand platforms under the Grease Monkey and SpeeDee brands. FullSpeed Automotive was formed in 1978 and is headquartered in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 The Planet Group

Deerfield, Illinois, United States

The Planet Group consists of nine related entities, including four global consulting organizations and five renowned staffing brands, and has been purposefully built to address the professional services needs of leading companies in the Life Sciences, Technology, Diversified Energy & Engineering, Accounting & Finance, Human Resources, Healthcare, and Digital Marketing areas. The company was founded in 2009 and is headquartered in Chicago, Illinois with offices throughout the US and Europe.

Sell -

Seller(S) 1

SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 30 of 40
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 16 of 24
State (Virginia) 3 of 3
Country (United States) 29 of 39
Year (2021) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 ASP Global

Austell, Georgia, United States

ASP Global sources and distributes healthcare supplies, including patient preference items, lab supplies, and orthopedic products, to hospitals and other healthcare settings. ASP Global is based in Austell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 BBG

Dallas, Texas, United States

BBG is a provider of commercial real estate appraisals, appraisal management services, environmental and property assessments, and related advisory services. BBG was founded in 1992 and is based in Dallas, Texas.

Buy -