M&A Deal Summary

Pattison Sign Group Acquires Chandler Signs

On June 1, 2023, Pattison Sign Group acquired business services company Chandler Signs from Dos Rios Partners and Quabbin Capital

Acquisition Highlights
  • This is Pattison Sign Group’s 1st transaction in the Business Services sector.
  • This is Pattison Sign Group’s 2nd transaction in the United States.
  • This is Pattison Sign Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2023-06-01
Target Chandler Signs
Sector Business Services
Buyer(s) Pattison Sign Group
Sellers(s) Dos Rios Partners
Quabbin Capital
Deal Type Add-on Acquisition
Advisor(s) BMO Capital Markets (Financial)

Target

Chandler Signs

Fort Worth, Texas, United States
Chandler Signs is a provider of exterior on-premise signs for multi-site companies in a wide variety of end markets including retail, restaurant, financial services, pharmacy, entertainment, and hospitality. Chandler Signs was founded in 1978 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Pattison Sign Group

Toronto, Ontario, Canada

Category Company
Sector Business Services
DESCRIPTION

Pattison Sign Group is a sign and visual communication company. With multiple manufacturing facilities, sales offices, and project management teams all over North America, Pattison offers customers complete turnkey branding solutions along the four pillars of signage, facility branding & construction, digital experiences, and maintenance and leasing. Pattison Sign Group is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-28 BestWorth

Arlington, Washington, United States

BestWorth specializes in pressure equalized, rainscreen, panelwall systems manufactured with aluminum composite material s (ACM) as well as other roll-formed steel panel profiles, BRI has established a reputation as an industry leader in fabrication, installation and design throughout the United States and Canada. BestWorth was founded in 1983 and is based in Arlington, Washington.

Buy -

Seller(S) 2

DESCRIPTION

Dos Rios Partners is a private equity firm focused on investing in and acquiring small, profitable, established companies with $3 to $12 million of EBITDA. Dos Rios does not have any sector preferences, although the firm has a preference for businesses operating in basic industries. The Firm's geographic coverage is exas, New Mexico, Arkansas, Colorado, Louisiana, and Oklahoma, although Dos Rios will consider add-ons throughout the US. Dos Rios Partners was formed in 2012 and is based in Austin, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 WSS

Gardena, California, United States

Warehouse Shoe Sale (WSS) is a specialty retailer of athletic, fashion, and work-related footwear, apparel, and accessories. Warehouse Shoe Sale offers a full assortment of the leading athletic footwear brands (including Nike, Jordan, Vans, Converse, Adidas, Skechers, Fila, and Reebok) and private footwear offerings in fashion for women and workwear for men. Warehouse Shoe Sale was founded in 1984 and is based in Gardena, California.

Sell $750M
SELLER

Quabbin Capital

Boston, Massachusetts, United States

Investor Investor


Category Asset Manager
Founded 1974
Size Small
Type Sector Agnostic
DESCRIPTION

Quabbin Capital is a private investment group focused on alternative asset investments in the US and abroad. Quabbin looks for opportunities in private equity, mezzanine loans, venture capital, energy, real estate, and hedge funds. Within private equity, Quabbin pursues equity and junior capital investments in established, profitable manufacturing or business service companies with revenues of $10 to $50 million. Quabbin Capital was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 7
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: Texas M&A 3 of 3
Country: United States M&A 7 of 7
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 The Mortgage Office

Huntington Beach, California, United States

The Mortgage Office is a cloud-based platform provider for the private lending industry, primarily serving private lending institutions, non-profits, municipalities, fund administrators, and franchisors. ABS’s technology solutions enable lenders to service more loans, lower servicing costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. The Mortgage Office was founded in 1978 and is based in Huntington Beach, California.

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