M&A Deal Summary

Peninsula Capital Partners and Silver Peak Partners Acquire PLM Asphalt & Concrete

On January 1, 2018, mezzanine finance firm Peninsula Capital Partners and private equity firm Silver Peak Partners acquired construction company PLM Asphalt & Concrete

Acquisition Highlights
  • This is Peninsula Capital Partners’ 2nd and Silver Peak Partners’ 2nd transaction in the Construction sector.
  • This is Peninsula Capital Partners’ 103rd and Silver Peak Partners’ 7th transaction in the United States.
  • This is Peninsula Capital Partners’ 3rd and Silver Peak Partners’ 4th transaction in Colorado.

M&A Deal Summary

Date 2018-01-01
Target PLM Asphalt & Concrete
Sector Construction
Buyer(s) Peninsula Capital Partners
Silver Peak Partners
Deal Type Recapitalization

Target

PLM Asphalt & Concrete

Castle Rock, Colorado, United States
PLM Asphalt & Concrete provides asphalt and concrete surface repair, replacement, maintenance, and construction services, in the Rocky Mountain region. The Company performs these services for suburban municipalities, industrial customers, property managers, homeowner associations, and general contractors. PLM Asphalt & Concrete was founded in 1997 and is based in Castle Rock, Colorado.

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Buyer(S) 2

Buyer

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 108 of 128
Sector (Construction) 2 of 2
Type (Recapitalization) 22 of 31
State (Colorado) 3 of 3
Country (United States) 103 of 121
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 EnviroForensics

Indianapolis, Indiana, United States

EnviroForensics is an operator of environmental engineering, consulting and remediation design firm focused on resolving environmental problems, involving political, technical, regulatory, legal, and financial issues, with business-oriented strategies for property owners, businesses, and municipalities. EnviroForensics was founded in 1996 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-01 Tighe Logistics Group

Woburn, Massachusetts, United States

Tighe Logistics Group provides third-party logistics services to a diversified client base. The Company offers a full suite of logistics services, including temperature-controlled transportation and warehousing in the New England region. Tighe Logistics Group was founded in 1862 and is based in Woburn, Massachusetts.

Buy -
DESCRIPTION

Silver Peak Partners is a private equity firm focused on small, profitable company acquisitions with $3 to $10 million of EBITDA. Silver Peak Partners looks to partner with management when pursuing investments and will consider opportunities in the infrastructure, environmental and recycling, aerospace and defense, niche/precision manufacturing, and agribusiness sectors. Silver Peak Partners was formed in 2008 and is based in Denver, Colorado.


DEAL STATS #
Overall 7 of 11
Sector (Construction) 2 of 2
Type (Recapitalization) 6 of 8
State (Colorado) 4 of 5
Country (United States) 7 of 11
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Beacon Communications

Littleton, Colorado, United States

Beacon Communications is a provider of communications, security, and A/V systems to healthcare, government, and construction markets. Beacon Communications was founded in 1998 is based in Littleton, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 American Alloy

Spokane, Washington, United States

American Alloy is a manufacturer of short-run, metal production components, and subassemblies that have an extensive range of fabrication and finishing capabilities. The Company serves customers in the food packaging, aerospace maintenance, repair and overhaul, construction safety equipment, and telecommunications infrastructure industries. American Alloy was founded in 2007 and is based in Spokane, Washington.

Buy -