M&A Deal Summary |
|
|---|---|
| Date | 2020-10-12 |
| Target | Blind & Sons |
| Sector | Business Services |
| Buyer(s) |
Midwest Mezzanine Funds
Heartland Home Services |
| Deal Type | Add-on Acquisition |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 75 of 81 |
| Sector (Business Services) | 10 of 11 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 75 of 81 |
| Year (2020) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-17 |
Affordable Water Heaters and Plumbing
Valencia, California, United States Affordable Water Heaters and Plumbing is an in-home provider of water heater replacement, repair, and installation services, including ancillary plumbing services. AWHAP has established a reputation for expertise, workmanship, and honesty that sets them apart in the market. Affordable Water Heaters and Plumbing was founded in 1995 and is based in Valencia, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-16 |
Vessco
Chanhassen, Minnesota, United States Vessco is a wastewater equipment distributor and value-added service provider in its core territory of the Upper Midwest. Vessco offers its customers an exceptional breadth of products and services with its line card of valued vendors. Vessco provides its products and services in over 18 states. Vessco is based in Chanhassen, Minnesota. |
Sell | - |
| Category | Company |
|---|---|
| Sector | Business Services |
Heartland Home Services is a provider of non-discretionary, residential HVAC replacement and maintenance, plumbing, and electrical services. The company has over 350 employees and services homeowners in Michigan, Indiana, and Kentucky. Heartland Home Services is based in Grand Rapids, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector (Business Services) | 4 of 6 |
| Type (Add-on Acquisition) | 4 of 6 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 4 of 6 |
| Year (2020) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-12 |
Superior Drainage
Akron, Ohio, United States Superior Drainage offers plumbing services to the Akron area. From drain cleaning to sink repairs. Superior Drainage skilled plumbers can handle the most simple drain cleaning job to complex excavation and gas line services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-18 |
Henry Smith
Elkhart, Indiana, United States Henry Smith is a provider of residential or commercial water heater, air quality, plumbing, heating repair, or cooling services. Henry Smith was founded in 1952 and is based in Elkhart, Indiana. |
Buy | - |
