M&A Deal Summary

Pacific Mezzanine Fund and Convergent Capital Partners Acquire Ecological Systems

On January 1, 2005, private equity firm Pacific Mezzanine Fund and growth capital firm Convergent Capital Partners acquired environmental company Ecological Systems

Acquisition Highlights
  • This is Pacific Mezzanine Fund’s 1st and Convergent Capital Partners’ 1st transaction in the Environmental sector.
  • This is Pacific Mezzanine Fund’s 3rd and Convergent Capital Partners’ 20th transaction in the United States.
  • This is Pacific Mezzanine Fund’s 1st and Convergent Capital Partners’ 1st transaction in Indiana.
Investment Fate
  • Ecological Systems went bankrupt in 2011.

M&A Deal Summary

Date 2005-01-01
Target Ecological Systems
Sector Environmental
Buyer(s) Pacific Mezzanine Fund
Convergent Capital Partners
Deal Type Recapitalization

Target

Ecological Systems

Indianapolis, Indiana, United States
Ecological Systems, Inc., (dba ESI Environmental) located in Indianapolis, Indiana, processes non-hazardous wastewater, recovers and recycles used oils for secondary fuels and brokers the disposition of certain hazardous materials.

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Buyer(S) 2

Buyer

Pacific Mezzanine Fund

Orinda, California, United States

Category Private Equity Firm
Founded 1994
PE ASSETS 82M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pacific Mezzanine Fund is a licensed SBIC formed to invest in West Coast based smaller middle-market companies. Pacific Mezzanine looks to invest in the form of subordinated debt and typically commits $2 to $4 million per transaction. Pacific Mezzanine will consider investments in a variety of industries, including, niche manufacturing, technology, software, intellectual property, and consumer/business services. Pacific Mezzanine is based in Orinda, California.


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-13 Global Employment Solutions

Littleton, Colorado, United States

Global Employment Solutions, Inc. provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions. GES employs over 1,500 professionals with office locations in 13 markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 Global Employment Solutions

Littleton, Colorado, United States

Global Employment Solutions, Inc. provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions. GES employs over 1,500 professionals with office locations in 13 markets.

Sell -
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 20 of 62
Sector: Environmental M&A 1 of 3
Type: Recapitalization M&A Deals 2 of 10
State: Indiana M&A 1 of 1
Country: United States M&A 20 of 62
Year: 2005 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Drawer Box Specialties

Orange, California, United States

Drawer Box Specialties, Inc., located in Orange, California, is a manufacturer of custom drawer boxes for use by residential and commercial custom cabinetmakers and small to midsized furniture manufacturers primarily in the Western United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 WCB Ice Cream

Northvale, New Jersey, United States

WCB Ice Cream is a designers, assemblers and suppliers of ice cream processing and packaging equipment world-wide.

Sell -