M&A Deal Summary

PNC Riverarch Capital and Audax Private Debt Acquire Authority Brands

On September 18, 2014, private equity firm PNC Riverarch Capital and mezzanine finance firm Audax Private Debt acquired franchising company Authority Brands

Acquisition Highlights
  • This is PNC Riverarch Capital’s 1st and Audax Private Debt’s 2nd transaction in the Franchising sector.
  • This is PNC Riverarch Capital’s 8th and Audax Private Debt’s 47th transaction in the United States.
  • This is PNC Riverarch Capital’s 1st and Audax Private Debt’s 2nd transaction in Maryland.
Investment Fate
  • Authority Brands was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2014-09-18
Target Authority Brands
Sector Franchising
Buyer(s) PNC Riverarch Capital
Audax Private Debt
Deal Type Consolidation

Target

Authority Brands

Columbia, Maryland, United States
Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands is based in Columbia, Maryland.

Search 214,107 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 2

Buyer

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.


DEAL STATS #
Overall 8 of 37
Sector: Franchising M&A 1 of 1
Type: Consolidation M&A Deals 1 of 2
State: Maryland M&A 1 of 1
Country: United States M&A 8 of 31
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-12 Stella Rising

New York, New York, United States

Stella Rising is a media strategy, planning and buying company to emerging and established brands in the fashion, beauty, health, food and beverage industries. Stella Rising was established in 1982 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Environmental Express

Charleston, South Carolina, United States

Environmental Express is a developer, manufacturer and distributor of environmental laboratory equipment and consumable supplies for commercial, governmental, industrial and academic laboratories worldwide. The company provides an entire range of laboratory products used in applications such as water/wastewater analysis, oil and grease analysis, metals analysis and hazardous waste analysis. We pride ourselves on providing innovative products, superior technical support, knowledgeable customer service and same day shipping.

Sell -
Buyer

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 48 of 120
Sector: Franchising M&A 2 of 3
Type: Consolidation M&A Deals 1 of 2
State: Maryland M&A 2 of 5
Country: United States M&A 47 of 118
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Chase Doors

Cincinnati, Ohio, United States

Chase Doors is a manufacturer and marketer of made-to-order impact traffic doors and specialty door systems. Chase Doors was founded in 1932 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 Charter Brokerage

Norwalk, Connecticut, United States

Charter Brokerage is the premier non-asset based third party logistics provider to the North American petroleum industry offering an integrated array of information-based, port-related logistics services to a diverse group of energy product importers and major airline customers.

Sell -