M&A Deal Summary

NewSpring Capital, Jackson Partners and Dawn Patrol Partners Acquire GLH Construction

On March 12, 2020, private equity firms NewSpring Capital, Jackson Partners and Dawn Patrol Partners acquired construction company GLH Construction

Acquisition Highlights
  • This is NewSpring Capital’s 1st, Jackson Partners’ 1st and Dawn Patrol Partners’ 1st transaction in the Construction sector.
  • This is NewSpring Capital’s 135th, Jackson Partners’ 1st and Dawn Patrol Partners’ 1st transaction in the United States.
  • This is NewSpring Capital’s 1st, Jackson Partners’ 1st and Dawn Patrol Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2020-03-12
Target GLH Construction
Sector Construction
Buyer(s) NewSpring Capital
Jackson Partners
Dawn Patrol Partners
Deal Type Recapitalization

Target

GLH Construction

Windsor, Colorado, United States
GLH Construction is an infrastructure development company with a focus on installing earthwork and wet utilities. GLH Construction was founded in 1996 and is based in Windsor, Colorado.

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Buyer(S) 3

Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 137 of 200
Sector (Construction) 1 of 7
Type (Recapitalization) 5 of 9
State (Colorado) 1 of 3
Country (United States) 135 of 196
Year (2020) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-24 Controlled Environment Systems

Mansfield, Massachusetts, United States

Controlled Environment Systems is an end-to-end provider of design, installation, and support for special environments in business, scientific and industrial settings nationwide. Controlled Environment Systems was founded in 1985 and is based in Mansfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Patheous Health

Overland Park, Kansas, United States

Patheous Health is focused on delivering MBS and FEES swallowing health diagnostics at the point of care, including skilled nursing, long-term care, inpatient rehabilitation and home health. Patheous Health was founded in 2019 and is based Overland Park, Kansas.

Buy -
DESCRIPTION

Jackson Partners is a private equity firm focused on acquiring and operating service companies in the lower middle-market with a history of stable, profitable operations. The Firm will consider businesses across the US, with a preference for Western and Mid-Atlantic headquartered companies. Prospective businesses generate revenues of $25 to $150 million with EBITDA of $4 to $20 million. Jackson Partners is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Recapitalization) 1 of 1
State (Colorado) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Mountain Temp Services

Aspen, Colorado, United States

Mountain Temp Services is a provider of temporary staffing specializing in light industrial services with 13 branches serving the Mountain West region. As a full-service, outsourced solutions provider, MTS creates lasting partnerships with its employees and clients through a model of customer service, efficiency, integrity, and quality personnel. Mountain Temp Services is based in Aspen, Colorado.

Buy -
Buyer
DESCRIPTION

Dawn Patrol Partners is a private equity firm that looks to partner with middle-market industrial, business services, and healthcare companies. The Firm will consider North American based businesses with revenues of $10 to $150 million and $2 to $15 million of EBITDA. Specific areas of interest include education, staffing, marketing, value-added manufacturing, distribution, business process outsourcing, waste management, packaging, and clinical services. Dawn Patrol Partners was formed in 2019 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Recapitalization) 1 of 1
State (Colorado) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Mountain Temp Services

Aspen, Colorado, United States

Mountain Temp Services is a provider of temporary staffing specializing in light industrial services with 13 branches serving the Mountain West region. As a full-service, outsourced solutions provider, MTS creates lasting partnerships with its employees and clients through a model of customer service, efficiency, integrity, and quality personnel. Mountain Temp Services is based in Aspen, Colorado.

Buy -