M&A Deal Summary

Providence Group Acquires Webster Electric

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-07-18
Target Webster Electric
Sector Business Services
Buyer(s) Providence Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Generational Equity LLC (Financial)

Target

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(S) 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 STATS #
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.

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