M&A Deal Summary

Prospect Capital Management Acquires Valley Electric

On January 4, 2013, business development company Prospect Capital Management acquired construction company Valley Electric

Acquisition Highlights
  • This is Prospect Capital Management’s 2nd transaction in the Construction sector.
  • This is Prospect Capital Management’s 75th transaction in the United States.
  • This is Prospect Capital Management’s 1st transaction in Washington.

M&A Deal Summary
Date 2013-01-04
Target Valley Electric
Sector Construction
Buyer(s) Prospect Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Valley Electric

Everett, Washington, United States
Valley Electric is a full-service electrical contractor. The Company offers our clients a wide range of preconstruction services, design/build, design/assist solutions, project management, electrical service and proactive predictive maintenance. Valley also performs low voltage construction including energy management, fire alarm, security system installations and transportation and signal construction. Valley Electric was founded in 1982 and is based in Everett, Washington.

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Buyer(S) 1

Buyer

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.

DEAL STATS #
Overall 77 of 86
Sector (Construction) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 38 of 41
State (Washington) 1 of 1
Country (United States) 75 of 83
Year (2013) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 Spartan Energy Services

Lafayette, Louisiana, United States

Spartan Energy Services is a provider of coiled tubing tools and services, fishing services, and flow control services in many of the most active domestic oil and natural gas plays in North America. Spartan Energy Services was founded in 2010 and is based in Lafayette, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Credit Central

Greenville, South Carolina, United States

Credit Central is a specialty finance busines provider. Credit Central has a diversified customer base and a history of delivering consistent cash flows. Credit Central holds nearly 120,000 loans on its balance sheet and benefits from strong customer loyalty. Credit Central was founded in 2002 and is based in Greenville, South Carolina.

Buy $44M
Mergr

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