M&A Deal Summary

Norwest Equity Partners Acquires Uintah Engineering & Land Surveying

On September 9, 2014, private equity firm Norwest Equity Partners acquired engineering company Uintah Engineering & Land Surveying from NexPhase Capital

Acquisition Highlights
  • This is Norwest Equity Partners’ 2nd transaction in the Engineering sector.
  • This is Norwest Equity Partners’ 44th transaction in the United States.
  • This is Norwest Equity Partners’ 1st transaction in Utah.

M&A Deal Summary

Date 2014-09-09
Target Uintah Engineering & Land Surveying
Sector Engineering
Buyer(s) Norwest Equity Partners
Sellers(s) NexPhase Capital
Deal Type Secondary Buyout
Advisor(s) William Blair
Moelis & Co. (Financial)

Target

Uintah Engineering & Land Surveying

Vernal, Utah, United States
Uintah Engineering & Land Surveying is a provider of land surveying, drafting and civil engineering services for the oil and gas industry in the U.S. Uintah Engineering & Land Surveying was founded in 1964 and is based in Vernal, Utah.

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Buyer(S) 1

Buyer

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 45 of 75
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 16 of 29
State (Utah) 1 of 1
Country (United States) 44 of 72
Year (2014) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Production Services Associates

Buffalo Grove, Illinois, United States

Production Services Associates LLC is a designs, manufactures, and distributes plastic cards, offering turnkey solutions for gift, loyalty, membership, identification, promotional, and single source programs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Movati Athletic

Etobicoke, Ontario, Canada

Movati Athletic is a premium fitness concept that offers amenities such as group fitness classes, pools, basketball courts, women’s-only sections, childcare and a common area for weight training and cardio to more than 95,000 members. Movati Athletic was founded in 1997 and is based in Etobicoke, Ontario.

Buy -

Seller(S) 1

SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 3 of 22
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 2 of 10
State (Utah) 1 of 3
Country (United States) 3 of 21
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 PATS Aircraft Systems

Georgetown, Delaware, United States

PATS Aircraft Systems LLC is a boutique provider of a diverse array of aircraft services, components and integrated systems to leading original equipment manufacturers (OEMs), airline operators, ultra-high net worth individuals, governments and corporations worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Hexure

Colorado Springs, Colorado, United States

Hexure provides innovative sales and regulatory automation solutions to the insurance and financial services industries. The company’s core product, ForeSight, is an established, industry-leading point-of-sale illustration product for multiple lines of business including life and annuities. The company also offers a fast-growing, feature-rich SaaS e-application product, FireLight, which expedites the application data collection process with an intuitive user interface. Both products serve to automate and improve the sales process and increase the revenue of retirement and insurance products offered by some of the most established financial institutions in the country. Hexure was formed in 1995 and is based in Colorado Springs, Colorado

Buy -