M&A Deal Summary

New State Capital Partners Acquires Patuxent

On April 26, 2022, private equity firm New State Capital Partners acquired construction company Patuxent

Acquisition Highlights
  • This is New State Capital Partners’ 2nd transaction in the Construction sector.
  • This is New State Capital Partners’ 15th transaction in the United States.
  • This is New State Capital Partners’ 1st transaction in Maryland.

M&A Deal Summary
Date 2022-04-26
Target Patuxent
Sector Construction
Buyer(s) New State Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) KPMG Corporate Finance LLC (Financial)

Target

Patuxent

Millersville, Maryland, United States
Patuxent is an independent provider of roofing installation, waterproofing, and related services. The company primarily focuses on re-roofing services for government, institutional, industrial, and multi-family end markets located in the Mid-Atlantic region of the United States. Patuxent was formed in 2008 and is based in Millersville, Maryland.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 15 of 19
Sector (Construction) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 9
State (Maryland) 1 of 1
Country (United States) 15 of 18
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 AVEX

Camarillo, California, United States

AVEX is a provider of sales and maintenance for the Daher TBM turboprop aircraft in North America. With more than 1,000 aircraft in service, the TBM has an enviable position in the single-engine turboprop market. AVEX was founded in 1985 and is based in Camarillo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Capitol Pain Institute

Austin, Texas, United States

Capitol Pain Institute is a provider of safe and effective treatment modalities tailored to the specific needs of each patient. Key services include spinal cord stimulation, pain management injections, and medication management. Capitol Pain Institute was founded in 2007 and is based in Austin, Texas.

Sell -
Mergr

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