M&A Deal Summary

PSP Capital Partners Acquires StormTrap

On April 6, 2022, family office PSP Capital Partners acquired construction company StormTrap from Warren Equity Partners and Monroe Capital

Acquisition Highlights
  • This is PSP Capital Partners’ 1st transaction in the Construction sector.
  • This is PSP Capital Partners’ 6th transaction in the United States.
  • This is PSP Capital Partners’ 3rd transaction in Illinois.

M&A Deal Summary

Date 2022-04-06
Target StormTrap
Sector Construction
Buyer(s) PSP Capital Partners
Sellers(s) Warren Equity Partners
Monroe Capital
Deal Type Secondary Buyout

Target

StormTrap

Romeoville, Illinois, United States
StormTrap offers solutions for managing runoff, protecting waterways, and improving the use of a property. StormTrap is committed to providing cost-effective, customized water management solutions to engineers, owners, and municipalities across North America and abroad. StormTrap was founded in 2002 and is based in Romeoville, Illinois.

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Buyer(S) 1

DESCRIPTION

PSP Capital Partners is the family office for Penny Pritzker. PSP Capital looks to invest in real estate, investment funds/partnerships, as well as directly in companies. The direct investment group invests in established, profitable and growing businesses in partnership with management teams. PSP seeks to commit $15 to $100 million per transaction in a variety of transaction situations including special situations, consolidations, buyouts, and recapitalizations. Sectors of interest include business services, niche manufacturing, value-added distribution, and food/agribusiness. PSP Capital Partners is based in Chicago.


DEAL STATS #
Overall 7 of 8
Sector (Construction) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Illinois) 3 of 3
Country (United States) 6 of 7
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Ntiva

Mclean, Virginia, United States

Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup and disaster recovery, and strategic consulting. The company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security. Ntiva was founded in 2004 and is based in Mclean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 3Q Digital

Chicago, Illinois, United States

3Q Digital is a provider of digital marketing services. 3Q Digital was founded in 2008 and is based in Chicago, Illinois.

Sell -

Seller(S) 2

SELLER

Warren Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Warren Equity Partners is a private equity firm focused on small and medium-sized company investments. Warren Equity will consider profitable companies throughout North America and looks to invest $25 to $100 million per transaction. Sectors of interest include infrastructure, energy services, industrial, and building materials. Warren Equity Partners was formed in 2015 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 3 of 5
Sector (Construction) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Illinois) 1 of 1
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 MacQueen Equipment

St. Paul, Minnesota, United States

MacQueen Equipment sells Elgin street sweepers, Vactor trucks, Oshkosh snow removal equipment, and Heil refuses trucks to municipalities and commercial customers, including utilities and contractors throughout Minnesota, Iowa, Nebraska, and Wisconsin. In addition, MacQueen sells Pierce fire apparatus throughout Minnesota, North Dakota, South Dakota, Nebraska, and Missouri. MacQueen is one of the few national dealers to provide a full suite of services, including maintenance, parts, and supplies used equipment sales and a robust rental fleet. MacQueen Equipment was founded in 1961 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Think Power Solutions

Plano, Texas, United States

Think Power Solutions is a technology-enabled infrastructure management solutions provider with highly skilled and dedicated consultants and was founded with the vision of providing exceptional client service in the electric and telecommunications sectors. Think Power Solutions utilizes its proprietary technology solution to manage projects at a world-class level. Think Power Solutions was founded in 2013 and is based in Plano, Texas.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 44 of 53
Sector (Construction) 2 of 3
Type (Secondary Buyout) 12 of 13
State (Illinois) 3 of 3
Country (United States) 44 of 53
Year (2022) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Norwood Sawmills

Oro-Medonte, Ontario, Canada

Norwood Sawmills is a provider of portable consumer-sized sawmills, as well as related consumables, accessories, and equipment, and serves as a global outdoor equipment and lifestyle brand. Norwood Sawmills is based in Oro-Medonte, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Spectrum Science

Washington, District of Columbia, United States

Spectrum Science is an integrated marketing, communications, and media agency with end-to-end capabilities. The company's team are experts in science focused on strategic engagements with our audiences. It leverage human-centered insights, motivating creative, innovative storytelling and technology to reach audiences where they are with the content they need and want. Spectrum Science was founded in 1996 and is based in Washington, District of Columbia.

Buy -