M&A Deal Summary

Palladium Equity Partners and MoonSail Capital Acquire Superior Environmental Solutions

On August 2, 2023, private equity firms Palladium Equity Partners and MoonSail Capital acquired environmental company Superior Environmental Solutions from Rosewood Private Investments

Acquisition Highlights
  • This is Palladium Equity Partners’ 1st and MoonSail Capital’s 1st transaction in the Environmental sector.
  • This is Palladium Equity Partners’ 49th and MoonSail Capital’s 5th transaction in the United States.
  • This is Palladium Equity Partners’ 2nd and MoonSail Capital’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-08-02
Target Superior Environmental Solutions
Sector Environmental
Buyer(s) Palladium Equity Partners
MoonSail Capital
Sellers(s) Rosewood Private Investments
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Foley & Lardner (Legal)

Target

Superior Environmental Solutions

Cincinnati, Ohio, United States
Superior Environmental Solutions (SES) is a provider of comprehensive, vertically integrated environmental and industrial services, including emergency response, hydro blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal, and related, complementary services. Superior Environmental Solutions was founded in 1999 and is based in Cincinnati, Ohio.

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Buyer(S) 2

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 50 of 52
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Ohio) 2 of 2
Country (United States) 49 of 51
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 GoodWest

Douglassville, Pennsylvania, United States

GoodWest is a manufacturer and supplier of aseptic beverages and food service dispensing solutions, primarily selling shelf-stable, bulk, bag-in-box coffee creamer, and iced coffee. GoodWest was founded in 1994 and is based in Douglassville, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Source Logistics

Montebello, California, United States

Source Logistics is a provider of value-added warehousing, distribution and fulfillment third-party logistics (3PL) services. Source Logistics was founded in 1999 and is based in Montebello, California.

Buy -
Buyer

MoonSail Capital

Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

MoonSail Capital is a private equity firm focused on providing equity and/or debt capital to lower middle-market companies ($5 to $100 million of revenue) throughout the US and Puerto Rico. The Firm has no stated sector preferences, but prefers capital light businesses with add-on possibilities and predictable revenue streams. MoonSail Capital was formed in 2017 and is based in Los Angeles, California.

DEAL STATS #
Overall 5 of 5
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 EyeSouth Partners

Atlanta, Georgia, United States

EyeSouth Partners is an eye care physician services organization committed to partnering with leading physicians to build a premier network of eye care services in Georgia and the Southeast. EyeSouth’s partner practices’ clinical mission is to provide high-quality medical and surgical specialty eye care. The organization supports its affiliated practices and physician partners with capital, administrative resources, operating expertise, and strategic guidance with an absolute focus on clinical quality and a patient-first culture. EyeSouth Partners was founded in 2017 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Rosewood Private Investments

Investor Investor Investor Investor Investor

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

Rosewood Private Investments is a family-owned private investment firm focused on acquiring and building companies. The Firm will consider opportunities throughout the US and generally seeks to commit $50 to $100 million per transaction. Target companies typically possess experienced management and diverse customers. Rosewood does not have any sector preferences, however, the Firm will not invest in oil/gas, real estate, banking, insurance, and biotechnology. Rosewood Private Investments is based in Dallas, Texas.

DEAL STATS #
Overall 14 of 14
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 8 of 8
State (Ohio) 1 of 1
Country (United States) 14 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Trace Minerals

Ogden, Utah, United States

Trace Minerals is a supplement brand that sells trace mineral and liquid magnesium brand. Trace Minerals was founded in 1972 and is based in Ogden Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Herbs

Santa Fe, New Mexico, United States

Herbs is a manufacturer and marketer of Herbal supplements, specializing in liquid tincture and soft gel product formats. The Company has a unique product portfolio of herbal blends focused on specific conditions (e.g. sleep, lung health, and immune support). Herbs is based in Santa Fe, New Mexico.

Buy -
Mergr

Product

Company

Legal