M&A Deal Summary

RCap Equity Partners and Monroe Capital Acquire NorthEast Contracting

On September 4, 2024, private equity firm RCap Equity Partners and lender Monroe Capital acquired construction company NorthEast Contracting

Acquisition Highlights
  • This is RCap Equity Partners’ 2nd and Monroe Capital’s 5th transaction in the Construction sector.
  • This is RCap Equity Partners’ 4th and Monroe Capital’s 112th transaction in the United States.
  • This is RCap Equity Partners’ 1st and Monroe Capital’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2024-09-04
Target NorthEast Contracting
Sector Construction
Buyer(s) RCap Equity Partners
Monroe Capital
Deal Type Recapitalization

Target

NorthEast Contracting

Lorton, Virginia, United States
NorthEast Contracting (NECC) specializes in commercial roofing services, including re-roofing, installation, and repair & maintenance in the D.C., Maryland, and Virginia area. The Company primarily serves customers in the education (K-12), government, multi-family, industrial, and data center end markets. NorthEast Contracting was formed in 2002 and is based in Lorton, Virginia.

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Buyer(S) 2

DESCRIPTION

RCap Equity is a private equity firm which makes control equity investments and select minority investments in lower middle-market, family or founder owned businesses across the US. The Firm operates as a unit inside private equity firm Renovus Capital Partners. RCap Equity Partners was founded in 2018 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 4 of 4
Sector (Construction) 2 of 2
Type (Recapitalization) 1 of 1
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Roadrunner Restoration

Houston, Texas, United States

Roadrunner Restoration is a provider of restoration services related to damage caused by fire, water, and natural disasters in Houston and the Gulf Coast region. Roadrunner Restoration provides both mitigation and reconstruction services for customers ranging from insurance carriers and adjusters to property owners, on jobs ranging from small everyday losses to large natural disasters. Roadrunner Restoration was founded in 2003 and is based in Houston, Texas.

Buy -
Buyer

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 113 of 115
Sector (Construction) 5 of 5
Type (Recapitalization) 8 of 8
State (Virginia) 3 of 3
Country (United States) 112 of 114
Year (2024) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-09 Sunstates Security

Raleigh, North Carolina, United States

Sunstates Security provides security services to a diverse set of attractive end markets. The Company offers a variety of security solutions, including uniformed officers, access control, reception & concierge, monitoring and emergency response to a network of clients across the US. Sunstates Security was founded in 1998 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Recorded Future

Somerville, Massachusetts, United States

Recorded Future is a technology that collects and analyzes vast amounts of data to deliver relevant cyber threat insights in real time. Recorded Future solution aggregates this rich intelligence with any other threat data sources, empowering security teams to collaborate on analysis and delivering intelligence wherever need it most, including rapid integration with existing security solutions. Recorded Future was founded in 2009 and is based in Somerville, Massachusetts.

Sell $2.7B