M&A Deal Summary

Montlake Capital Acquires Fast Water Heater

On June 26, 2018, private equity firm Montlake Capital acquired business services company Fast Water Heater

Acquisition Highlights
  • This is Montlake Capital’s 1st transaction in the Business Services sector.
  • This is Montlake Capital’s 12th transaction in the United States.
  • This is Montlake Capital’s 10th transaction in Washington.

M&A Deal Summary

Date 2018-06-26
Target Fast Water Heater
Sector Business Services
Buyer(s) Montlake Capital
Deal Type Recapitalization
Advisor(s) ACT Capital Advisors (Financial)

Target

Fast Water Heater

Bothell, Washington, United States
Fast Water Heater is a provider of residential and commercial plumbing services focused on the water heater category. Fast services the West Coast and prides itself on same-day service, professionalism, and uncompromising integrity. Fast Water Heater runs a call center providing 24/7 emergency support serving residential and commercial customers, property managers, and utilities. Fast Water Heater was founded in 1986 and is based in Bothell, Washington.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Montlake Capital

Seattle, Washington, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Montlake Capital is a private equity firm focused on lower middle-market company investments in the Pacific Northwest US. The Firm looks to invest in businesses generating $20 to $100 million in sales and $1 to $10 million of EBITDA. Sectors of interest include business services, consumer products and services, heath and wellness, retail, technology products, and financial services. Prospective transaction situations include growth capital financings, buyouts, recapitalizations, search funds, and shareholder liquidity needs. Montlake Capital was formed in 1999 and is based in Seattle, Washington.


DEAL STATS #
Overall 12 of 14
Sector: Business Services M&A 1 of 1
Type: Recapitalization M&A Deals 3 of 3
State: Washington M&A 10 of 12
Country: United States M&A 12 of 14
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 JTW Partners

Portland, Oregon, United States

JTW Partners LLC is a full-service graphic imaging company serving national retailers, professional photographers, advertising agencies, and manufacturers. JTW Partners provides digital printing and production of high-quality, custom signs, banners, posters, vehicle graphics, and trade-show booths, as well as many other products and services. JTW Partners is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Coastal Community Bank

Everett, Washington, United States

Coastal Community Bank provides a full range of banking services to small and medium-sized businesses, professionals, and individuals throughout the greater Puget Sound area through its 15 full-service branches in Snohomish, Island, and King Counties, the Internet, and its mobile banking application. Coastal Community Bank was founded in 1997 and is based in Everett, Washington.

Sell -