Investment Summary

Plexus Capital Invests In Riggs Tree Service

On May 17, 2023, private equity firm Plexus Capital invested in machinery company Riggs Tree Service

Investment Highlights
  • This is Plexus Capital’s 5th transaction in the Machinery sector.
  • This is Plexus Capital’s 130th transaction in the United States.
  • This is Plexus Capital’s 1st transaction in Oklahoma.

Investment Summary

Date 2023-05-17
Target Riggs Tree Service
Sector Machinery
Investor(s) Plexus Capital
Deal Type Growth Capital
Advisor(s) Infinity Capital Partners (Financial)
McAfee & Taft (Legal)

Target

Riggs Tree Service

Grove, Oklahoma, United States
Riggs Tree Service provides right-of-way tree trimming and tree removal services to electric co-operatives and municipalities across the Midwest. Riggs Tree Service is based in Grove, Oklahoma.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

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 130 of 149
Sector: Machinery M&A 5 of 5
Type: Growth Capital M&A Deals 19 of 30
State: Oklahoma M&A 1 of 1
Country: United States M&A 130 of 149
Year: 2023 M&A 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Red Bird

Lexington, North Carolina, United States

Red Bird is a family-owned business that manufactures puffed peppermint candies. It also produces Thinfuls, a line of better-for-you handcrafted popcorn snacks. The company sells its branded products, as well as various private-label candy and popcorn products, across the United States in the mass, dollar, club, drug, and e-commerce channels. Red Bird was formed in 1890 and is based in Lexington, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 PTP

Norwood, Massachusetts, United States

PTP is an amazon web services and advanced consulting partner with the life sciences and managed security services competencies, providing strategic guidance and IT managed services to biotechnology companies. PTP is based in Norwood, Massachusetts.

Buy -