M&A Deal Summary

Odyssey Investment Partners Acquires Service Champions

On January 1, 2021, private equity firm Odyssey Investment Partners acquired business services company Service Champions from CenterOak Partners

Acquisition Highlights
  • This is Odyssey Investment Partners’ 8th transaction in the Business Services sector.
  • This is Odyssey Investment Partners’ 44th transaction in the United States.
  • This is Odyssey Investment Partners’ 8th transaction in California.

M&A Deal Summary
Date 2021-01-01
Target Service Champions
Sector Business Services
Buyer(s) Odyssey Investment Partners
Sellers(s) CenterOak Partners
Deal Type Secondary Buyout
Advisor(s) BlackArch (Financial)

Target

Service Champions

Brea, California, United States
Service Champions is a provider of essential residential service and replacement services including air conditioning repair and replacement, plumbing, solar and electrical services. Service Champions was founded in Brea, California.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 47 of 52
Sector (Business Services) 8 of 9
Type (Secondary Buyout) 21 of 23
State (California) 8 of 8
Country (United States) 44 of 49
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Protective Industrial Products

Latham, New York, United States

Protective Industrial Products is a provider of consumable personal protective equipment (PPE). Protective Industrial Products was established in 1984 and is headquartered in Latham, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Applied Technical Services

Marietta, Georgia, United States

Applied Technical Services is a provider of high-quality testing, inspection, and calibration services. ATS has established an excellent reputation within the industrial, commercial, medical, and legal communities for providing market-leading services that include materials testing, environmental testing, chemical analysis, calibration, non-destructive testing, forensic and consulting engineering, and fire and explosion investigation. Applied Technical Services was founded in 1967 and is based in Marietta, Georgia.

Buy -

Seller(S) 1

SELLER

CenterOak Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CenterOak Partners is a private equity firm focused on making control-oriented investments in middle-market companies operating in the industrial, consumer, and business services sectors. The Firm will consider opportunities throughout the US and targets companies valued between $50 to $500 million. Prospective transaction situations include buyouts, recapitalizations, consolidations, and non-core divestitures. CenterOak Partners was formed in 2014 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 3 of 8
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 2 of 5
State (California) 1 of 2
Country (United States) 3 of 8
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 FullSpeed Automotive

Greenwood Village, Colorado, United States

FullSpeed Automotive is an automotive aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes, and other ancillary services through multiple brand formats that target several highly attractive segments of the service market. The Company’s strategic geographic footprint of nearly 600 franchised and company-owned locations provide density in high growth markets. FullSpeed supports two core brand platforms under the Grease Monkey and SpeeDee brands. FullSpeed Automotive was formed in 1978 and is headquartered in Greenwood Village, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 HK Solutions Group

Des Moines, Iowa, United States

HK Solutions Group provides water and wastewater infrastructure inspection, cleaning, and repair services, as well as industrial services and wastewater treatment, to customers predominantly in Midwestern states. HK Solutions Group was founded in 1976 and is based in Des Moines, lowa.

Buy -
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