M&A Deal Summary

Nonantum Capital Partners Acquires PNE

On February 12, 2024, private equity firm Nonantum Capital Partners acquired business services company PNE from Hamilton Robinson Capital Partners

Acquisition Highlights
  • This is Nonantum Capital Partners’ 2nd transaction in the Business Services sector.
  • This is Nonantum Capital Partners’ 9th transaction in the United States.
  • This is Nonantum Capital Partners’ 1st transaction in Washington.

M&A Deal Summary

Date 2024-02-12
Target PNE
Sector Business Services
Buyer(s) Nonantum Capital Partners
Sellers(s) Hamilton Robinson Capital Partners
Deal Type Secondary Buyout

Target

PNE

Longview, Washington, United States
PNE is a provider of industrial services including cleaning, electrical maintenance, environmental remediation and emergency response, process automation/control solutions and specialty construction services. PNE was founded in 1989 and is based in Longview, Washington.

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Buyer(S) 1

Buyer
DESCRIPTION

Nonantum Capital Partners is a private equity firm focused on investing in North American family and founder-owned businesses, corporate carve-outs, and complex situations. The Firm targets businesses valued from $50 to $500 million where the Nonatum can commit $25 to $100 million. Areas of interest include consumer products, industrial, and business services. Nonantum Capital Partners was established in 2018 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 9 of 10
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 5
State: Washington M&A 1 of 1
Country: United States M&A 9 of 10
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 RoadOne IntermodaLogistics

Randolph, Massachusetts, United States

RoadOne IntermodaLogistics is a provider of intermodal transportation solutions for domestic and international shippers. RoadOne IntermodaLogistics was founded in 1996 and is based in Randolph, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 ProVest

Tampa, Florida, United States

ProVest is a provider of outsourced service of process and related services to law firms, leveraging its footprint of more than 2,000 process servers nationwide. Service of process is legally required consumer protection which ensures appropriate notification in legal cases. ProVest was founded in 1991 and is based in Tampa, Florida.

Sell -

Seller(S) 1

SELLER

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 19 of 20
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 9 of 10
State: Washington M&A 1 of 1
Country: United States M&A 17 of 18
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 Tanknology

Austin, Texas, United States

Tanknology is a provider of tank testing and environmental compliance, testing and inspection services for petroleum fueling systems. The Company serves fueling station operators in the world through eight regional offices and over 170 technicians in the United States and a network of international licensees. Tanknology was formed in 1988 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 GrayMatter

Warrendale, Pennsylvania, United States

Gray Matter is a technology and consulting company, committed to transforming operations and empowering people in critical infrastructure environments. Gray Matter was founded in 1991 and is based in Warrendale, Pennsylvania.

Sell -