M&A Deal Summary

Plexus Capital Acquires Advanced Drying Systems

On July 1, 2019, private equity firm Plexus Capital acquired business services company Advanced Drying Systems

Acquisition Highlights
  • This is Plexus Capital’s 12th transaction in the Business Services sector.
  • This is Plexus Capital’s 79th transaction in the United States.
  • This is Plexus Capital’s 14th transaction in Florida.

M&A Deal Summary
Date 2019-07-01
Target Advanced Drying Systems
Sector Business Services
Buyer(s) Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Advanced Drying Systems

Tampa, Florida, United States
Advanced Drying Systems Corp. provides water damage restoration services for residential and commercial customers throughout Florida and Louisiana. Advanced Drying Systems was established in 2009 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 79 of 97
Sector (Business Services) 12 of 15
Type (Buyout (LBO, MBO, MBI)) 35 of 48
State (Florida) 14 of 17
Country (United States) 79 of 97
Year (2019) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Alloy Cladding

Jupiter, Florida, United States

Alloy Cladding is a turnkey industry contractor, offering a variety of specialties including submerged arc stainless steel digester overlay, carbon steel buildup, portable field service machining, process piping system installations, digester component replacement, and pressure vessel alterations and re-ratings. Alloy Cladding was founded in 1956 and is based in Jupiter, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 FlowBelow

Austin, Texas, United States

FlowBelow is a designer and assembles patented aerodynamic products placed on Class 8 trucks and trailers which reduce wind resistance and improve fuel efficiency. FlowBelow is based in Austin, Texas.

Buy -
Mergr

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