Investment Summary

Progress Equity Partners Invests In InDemand Industrial Services

On January 22, 2021, private equity firm Progress Equity Partners invested in construction company InDemand Industrial Services

Investment Highlights
  • This is Progress Equity Partners’ 2nd transaction in the Construction sector.
  • This is Progress Equity Partners’ 16th transaction in the United States.
  • This is Progress Equity Partners’ 2nd transaction in North Dakota.

Investment Summary
Date 2021-01-22
Target InDemand Industrial Services
Sector Construction
Investor(s) Progress Equity Partners
Deal Type Growth Capital

Target

InDemand Industrial Services

Bismarck, North Dakota, United States
InDemand Industrial Services is a provider of industrial maintenance and construction services to owners and operators of industrial facilities across the United States. InDemand Industrial Services was founded in 2020 and is based in Bismarck, North Dakota.

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Investor(S) 1

Investor

Progress Equity Partners

Dallas, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Progress Equity Partners is a private investment firm that seeks control positions in 'well-managed, entrepreneurial, service-based businesses.' Progress focuses on companies with sustainable/scalable business models and low capital expenditures. Specific areas of interest include building products/construction services, communication, marketing, facility maintenance services, franchising, manufacturing, retail, specialty food and healthcare services. Progress Equity Partners is based in Dallas, Texas.

DEAL STATS #
Overall 16 of 19
Sector (Construction) 2 of 3
Type (Growth Capital) 2 of 2
State (North Dakota) 2 of 2
Country (United States) 16 of 19
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Medical Indicators

Hamilton, New Jersey, United States

Medical Indicators is a manufacturer of disposable and reusable medical thermometers. The product uses liquid crystal technically to provide a low cost and extremely accurate method of taking human temperatures. Medical Indicators was founded in 1988 and is based in Hamilton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Creative Tent

Henderson, Nevada, United States

Creative Tent is a designer and manufacturer of highly engineered tension fabric, clear-span structures deployable for a wide range of defense, aerospace, government, and commercial applications. Creative Tent was founded in 2004 and is based in Henderson, Nevada.

Buy -
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