M&A Deal Summary

Pritzker Private Capital Acquires HeartLand

On December 14, 2023, family office Pritzker Private Capital acquired business services company HeartLand from Sterling Investment Partners

Acquisition Highlights
  • This is Pritzker Private Capital’s 1st transaction in the Business Services sector.
  • This is Pritzker Private Capital’s 29th transaction in the United States.
  • This is Pritzker Private Capital’s 1st transaction in Missouri.

M&A Deal Summary

Date 2023-12-14
Target HeartLand
Sector Business Services
Buyer(s) Pritzker Private Capital
Sellers(s) Sterling Investment Partners
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co.
Solomon Partners
CCG Advisors LLC (Financial)
Norton Rose Fulbright (Legal)

Target

HeartLand

Kansas City, Missouri, United States
HeartLand is a premier provider of commercial landscape and facilities services, currently operating in five markets across the Central United States. Services include full-service maintenance (mowing, pruning, fertilization and chemical, irrigation, bed maintenance, and annual flowers), landscape enhancements (property upgrades and renovations), and winter services (de-icing and snow removal). HeartLand is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Pritzker Private Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 1996
Size Large
Type Sector Agnostic
DESCRIPTION

Pritzker Private Capital is a family office and private investment firm focused on leveraged buyouts, acquisitions, and recapitalizations of profitable, middle-market, North American companies across a broad range sectors. Specific industries of interest include consumer products and services, industrial products and services, distribution, telecommunications, IT, healthcare, and business services. Target enterprise values are generally between $200 million and $1.5 billion. Pritzker Private Capital was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 29 of 29
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 15 of 15
State (Missouri) 1 of 1
Country (United States) 29 of 29
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 Lawley Insurance

Buffalo, New Jersey, United States

Lawley Insurance is an independent insurance firm specializing in property, casualty, and personal insurance, employee benefits, and risk management consulting. Lawley Insurance was formed in 1945 and is headquartered in Buffalo, New Jersey with branch offices across New York and Connecticut.

Buy -

Seller(S) 1

SELLER

Sterling Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sterling Investment Partners is a private equity firm that seeks investments in middle-market businesses with strong market share and high growth potential. Sterling looks for companies generating revenues of $50 to $500 million and EBITDA of $15 to $50 million. Sectors of interest include outsourcing/business services, niche manufacturing & industrial, transportation & logistics, unique distribution, technology-related, energy services, and consumer products & services. Sterling Investment Partners dates back to 1991 and is based in Westport, Connecticut.


DEAL STATS #
Overall 22 of 22
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 12 of 12
State (Missouri) 2 of 2
Country (United States) 22 of 22
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Anser Advisory

Cypress, California, United States

Anser Advisory is a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services. The firm provides program advisory services to clients across the country in industries that include transportation, higher education, K-12 education, industrial, federal, state, and local government, healthcare, hospitality, and housing. Anser Advisory is based in Santa Ana CA, Boston MA, Orlando FL, San Francisco CA, Atlanta GA, and now Clinton, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Verdantas

Dublin, Ohio, United States

Verdantas provides engineering, science, & planning consultants dedicated to making the world a better place for ourselves and future generations. Verdantas was founded in 2020 and is based in Dublin, Ohio.

Buy -