M&A Deal Summary

NorthCurrent Partners Acquires On Track Partners

On January 1, 2022, private equity firm NorthCurrent Partners acquired building materials company On Track Partners

Acquisition Highlights
  • This is NorthCurrent Partners’ 1st transaction in the Building Materials sector.
  • This is NorthCurrent Partners’ 3rd transaction in the United States.
  • This is NorthCurrent Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2022-01-01
Target On Track Partners
Sector Building Materials
Buyer(s) NorthCurrent Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

On Track Partners

Land O’ Lakes, Florida, United States
On Track Partners is a provider of residential garage door installation, service and repair. On Track Partners is based in Land O’ Lakes, Florida.

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Buyer(S) 1

DESCRIPTION

NorthCurrent Partners is a private investment firm focused on partnering with lower middle-market service-oriented companies in the MId-Atlantic and Southeast regions of the US. Specific areas of interest include business services, facility services, consumer services, residential services, and niche manufacturing. Target companies are generally profitable with $2 to $10 million of EBITDA. NorthCurrent Partners was formed in 2019 and is based in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Building Materials) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 6
State (Florida) 2 of 4
Country (United States) 3 of 6
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Belle Air

Orlando, Florida, United States

Belle Air is an air conditioning contractor that markets install and service residential HVAC systems and other products. Belle Air was founded in 2010 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Certified Climate Control

Debary, Florida, United States

Certified Climate Control markets, installs, and services residential HVAC systems and other products. Certified Climate Control was formed in 2009 and is headquartered in Orange City, Florida.

Buy -