M&A Deal Summary

Proviso Capital and Stonehenge Partners Acquire Algiere Companies

On November 1, 2018, private equity firm Proviso Capital and mezzanine finance firm Stonehenge Partners acquired construction company Algiere Companies

Acquisition Highlights
  • This is Proviso Capital’s 1st and Stonehenge Partners’ 2nd transaction in the Construction sector.
  • This is Proviso Capital’s 2nd and Stonehenge Partners’ 64th transaction in the United States.
  • This is Proviso Capital’s 2nd and Stonehenge Partners’ 7th transaction in Texas.

M&A Deal Summary

Date 2018-11-01
Target Algiere Companies
Sector Construction
Buyer(s) Proviso Capital
Stonehenge Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Generational Capital Markets, Inc. (Financial)

Target

Algiere Companies

Plano, Texas, United States
Algiere Companies is a contractor that specializes in renovation and conversion services for the hospitality industry, offering full turnkey design/build solutions from general construction and interior design to purchasing and installation services. Algiere Companies was founded in 1978 and is based in Plano, Texas.

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Buyer(S) 2

DESCRIPTION

Proviso Capital is a private equity firm focused on acquiring lower middle-market 'overlooked' companies operating in competitive niches. Proviso was established in 2014 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 3
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Texas) 2 of 2
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Kerr Consulting

The Woodlands, Texas, United States

Kerr Consulting is a full-service provider of IT services including accounting and enterprise resource planning (ERP) solutions, along with customer relationship management (CRM) and human resources software. Kerr Consulting was founded in 1987 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Merchandising Partners

North Granby, Connecticut, United States

Merchandising Partners is a full-service provider for merchandising needs throughout the United States. The Company offers the manufacturing of point of sale displays, custom fabricating and machining, brokering of merchandise packaging, and fulfilling services to hand tool manufacturers, OEMs, retailers, and distributors in the U.S. MP is a one-stop source for all merchandising needs. The entire process including graphic development, packaging concepts, packaging procurement/manufacturing, fulfillment, and inventory/distribution is provided by MP. Merchandising Partners is based in North Granby, Connecticut.

Buy -
Buyer

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


DEAL STATS #
Overall 66 of 68
Sector (Construction) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 47 of 48
State (Texas) 7 of 7
Country (United States) 64 of 66
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Microdynamics Group

Naperville, Illinois, United States

Microdynamics Group is a Chicago-based national provider of personalized transactional printing, inserting, and mailing services. Clients include a wide variety of financial institutions, credit unions, commercial and industrial enterprises, health care, and utility companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Frozen Specialties

Perrysburg, Ohio, United States

Frozen Specialties, Inc. is a manufacturer of private label frozen pizzas and pizza bites, sold primarily through the retail grocery channel. Frozen Specialties was formed in 1969 and is based in Perrysburg, Ohio.

Sell -