Investment Summary

Palm Beach Capital and TriArtisan Capital Advisors Invest In Mears

On April 4, 2018, private equity firms Palm Beach Capital and TriArtisan Capital Advisors invested in transportation company Mears

Investment Highlights
  • This is Palm Beach Capital’s 4th and TriArtisan Capital Advisors’ 1st transaction in the Transportation sector.
  • This is Palm Beach Capital’s 32nd and TriArtisan Capital Advisors’ 5th transaction in the United States.
  • This is Palm Beach Capital’s 24th and TriArtisan Capital Advisors’ 1st transaction in Florida.

Investment Summary

Date 2018-04-04
Target Mears
Sector Transportation
Investor(s) Palm Beach Capital
TriArtisan Capital Advisors
Deal Type Growth Capital

Target

Mears

Orlando, Florida, United States
Mears is a provider of taxi, shuttle, luxury, and bus service in Orlando. In addition, Mears offers luxury car service in any city or airport in the world, including such popular travel destinations as Las Vegas, New York, Miami, Los Angeles, Boston, San Francisco, Dallas, or Atlanta. Mears was founded in 1939 and is based in Orlando, Florida.

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Investor(S) 2

Investor

Palm Beach Capital

West Palm Beach, Florida, United States

Investor


Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $300 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.


DEAL STATS #
Overall 32 of 42
Sector (Transportation) 4 of 5
Type (Growth Capital) 11 of 18
State (Florida) 24 of 31
Country (United States) 32 of 42
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Lyneer

Ewing Township, New Jersey, United States

Lyneer is a staffing company specializes in the placement of temporary, temp-to-perm, and permanent labor within various industries. Lyneer is based in Ewing Township, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Need It Now Delivers

Flushing, New York, United States

Need It Now Delivers is a private same-day provider serving the United States. Need It Now provides national, same-day ground and air delivery services to a wide range of commercial, industrial, and retail customers. Services are divided between rush, warehousing, fast distribution, and pre-scheduled service. Need It Now Delivers was founded in 1987 and is based in Flushing, New York.

Buy -
DESCRIPTION

TriArtisan Capital Advisors is a private equity firm focused on mid-sized company investments and acquisitions. The Firm targets profitable companies with $25 to $300 million of EBITDA operating in a variety of industries including retail, business services, industrial, media, and healthcare. Prospective transaction situations include buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings. TriArtisan Capital Advisors was originally established in 2002 and is headquartered in New York City.


DEAL STATS #
Overall 5 of 7
Sector (Transportation) 1 of 1
Type (Growth Capital) 1 of 1
State (Florida) 1 of 1
Country (United States) 5 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Dover Saddlery

Littleton, Massachusetts, United States

Dover Saddlery is a multichannel retailer of equestrian products in the United States. Dover offers a broad and distinctive selection of competitively priced, brand-name products for horse and rider through catalogs, the internet, and company-owned retail stores. Dover Saddlery was founded in 1975 and is based in Littleton, Massachusetts.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 P.F. Chang’s

Scottsdale, Arizona, United States

P.F. Chang’s is an operator of full-service restaurants that feature high-quality, authentic Chinese cuisine, and American hospitality in a contemporary bistro setting. P.F. Chang’s was founded in 1993 and is based in Scottsdale, Arizona.

Buy -