M&A Deal Summary

Morgan Stanley Capital Partners Acquires American Restoration Operations

On July 25, 2024, private equity firm Morgan Stanley Capital Partners acquired business services company American Restoration Operations from Soundcore Capital Partners

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 6th transaction in the Business Services sector.
  • This is Morgan Stanley Capital Partners’ 45th transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 8th transaction in Texas.

M&A Deal Summary

Date 2024-07-25
Target American Restoration Operations
Sector Business Services
Buyer(s) Morgan Stanley Capital Partners
Sellers(s) Soundcore Capital Partners
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)
Kirkland & Ellis (Legal)

Target

American Restoration Operations

Irving, Texas, United States
American Restoration Operations provides comprehensive water, fire, mold, and other related restoration and remediation services to commercial, industrial, and residential customers. American Restoration Operations is based in Irving, Texas.

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Buyer(S) 1

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 48 of 50
Sector (Business Services) 6 of 6
Type (Secondary Buyout) 17 of 19
State (Texas) 8 of 8
Country (United States) 45 of 47
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Resource Innovations

Half Moon Bay, California, United States

Resource Innovations is a provider of demand-side management, energy efficiency, and energy consulting services to utilities and governments. Resource Innovations was founded in 2000 and is based in Half Moon Bay, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-11 Sila Services

King of Prussia, Pennsylvania, United States

Sila Services is a provider of residential HVAC, plumbing, indoor air quality, and home automation systems. Sila Heating & Air Conditioning was founded in 1989 and is based in King of Prussia, Pennsylvania.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Soundcore Capital Partners is a private investment firm focused on making control investments in lower middle-market companies headquartered in the US or Canada. The Firm looks to be an active investor/partner and seeks platform opportunities with up to $15 million of EBITDA. Target transaction situations include ownership transitions, corporate carve-outs, and leveraged buyouts. Soundcore Capital Partners was formed in 2015 and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Texas) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Premier

Oakwood, Georgia, United States

Premier is a provider of commercial overhead garage door, dock leveler, and access control installation, repair, and maintenance services. Premier is based in Oakwood, Georgia.

Buy -