Buyout (LBO, MBO, MBI) • Business Services

Providence Group Acquires Webster Electric

On July 18, 2019, private equity firm Providence Group acquired business services company Webster Electric

Acquisition Context

This is Providence Group’s 1st transaction in the Business Services sector.
This is Providence Group’s 2nd transaction in the United States.
This is Providence Group’s 1st transaction in Mississippi.

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M&A Deal Summary
Date	July 18, 2019
Target	Webster Electric
Sector	Business Services
Buyer(s)	Providence Group
Deal Type	Buyout (LBO, MBO, MBI)
Advisor(s)	Generational Group (Financial)

Target Company

Webster Electric

Collinsville, Mississippi, United States

Webster Electric is a full-service electrical contractor serving industrial, commercial, educational, and institutional clients. The Company is the largest airport lighting contractor in the state of Mississippi and has completed several Intelligent Transportation Systems (I.T.S.) and more Weigh in Motion Truck Scales and static truck weighing systems than any other electrical contractor in the State. Webster Electric was founded in 2000 and is based in Collinsville, Mississippi.

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Buyer Overview 1

Buyer

Providence Group

Category	Private Equity Firm
Size	Small
Type	Sector Agnostic

DESCRIPTION

Providence Group is a generalist private equity firm focused on acquiring micro or small companies throughout the Eastern US. Providence targets businesses with $1 to $5 million of EBITDA, strong management in place, and a minimum 10 years of operating history. Providence Group is based in Westbury, New York.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Business Services	1 of 1
Type: Buyout (LBO, MBO, MBI)	2 of 2
State: Mississippi	1 of 1
Country: United States	2 of 2
Year: 2019	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2012-03-01	Superior Fabrication Haysi, Virginia, United States Superior Fabrication is an OEM manufacturer and fabricator of steel-based components and parts for industrial conveyor systems. Superior manufactures legs, rails, channels, roller supports and brackets, conveyor stands and frames, rollers, anchor pins, chain guards, hangers, stackers, feeder flights, ventilation man-doors, dumpsters, gang-boxes, bots, flanges, hooks, joints and clips. Superior also manufactures / fabricates miscellaneous structural steel parts and components for a variety of commercial and industrial uses. Superior Fabrication is based in Haysi, Virginia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2012-03-01

Superior Fabrication

Haysi, Virginia, United States

Superior Fabrication is an OEM manufacturer and fabricator of steel-based components and parts for industrial conveyor systems. Superior manufactures legs, rails, channels, roller supports and brackets, conveyor stands and frames, rollers, anchor pins, chain guards, hangers, stackers, feeder flights, ventilation man-doors, dumpsters, gang-boxes, bots, flanges, hooks, joints and clips. Superior also manufactures / fabricates miscellaneous structural steel parts and components for a variety of commercial and industrial uses. Superior Fabrication is based in Haysi, Virginia.

Buy

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