Investment Summary

Ridgemont Equity Partners and PNC Erieview Capital Invest In Crete United

On June 2, 2022, private equity firm Ridgemont Equity Partners and mezzanine finance firm PNC Erieview Capital invested in business services company Crete United

Investment Highlights
  • This is Ridgemont Equity Partners’ 2nd and PNC Erieview Capital’s 4th transaction in the Business Services sector.
  • This is Ridgemont Equity Partners’ 115th and PNC Erieview Capital’s 32nd transaction in the United States.
  • This is Ridgemont Equity Partners’ 2nd and PNC Erieview Capital’s 2nd transaction in North Carolina.

Investment Summary

Date 2022-06-02
Target Crete United
Sector Business Services
Investor(s) Ridgemont Equity Partners
PNC Erieview Capital
Deal Type Growth Capital

Target

Crete United

Charlotte, North Carolina, United States
Crete United is a provider of HVAC, electrical, plumbing, and building automation services to commercial, industrial, multi-family, government, healthcare, education, and other end markets. Crete United is based in Charlotte, North Carolina.

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Investor(S) 2

Investor

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 129 of 133
Sector (Business Services) 2 of 2
Type (Growth Capital) 14 of 14
State (North Carolina) 2 of 3
Country (United States) 115 of 118
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 AOM Infusion

Fort Worth, Texas, United States

AOM Infusion is a specialty infusion provider focused on intravenous immunoglobulin (“IVIG”) infusion therapy. AOM Infusion was founded in 1994 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 ZenFi Networks

Long Island City, New York, United States

Zenfi Networks is a communications provider that designs, constructs and maintains its own fiber optic network infrastructure, allowing it to provide reliable, high bandwidth and low latency service to its enterprise, carrier and government customers. Zenfi Networks was founded in 2013 and is based in Long Island City, New York.

Sell -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 32 of 38
Sector (Business Services) 4 of 5
Type (Growth Capital) 11 of 12
State (North Carolina) 2 of 3
Country (United States) 32 of 38
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Bond Orthodontic Partners

Frisco, Texas, United States

Bond Orthodontic Partners is an independent orthodontists deep-rooted orthodontic practice and business acumen to empower independent orthodontists who are ready to scale their brands, strengthen their practices and retain their clinical autonomy to optimize practice-level value creation. Bond Orthodontic Partners was founded in 2021 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 Eskola

Morristown, Tennessee, United States

Eskola is a full-service roofing and waterproofing company that has acquired an extensive knowledge base in roofing systems and products. Eskola was formed in 1972 and is based in Morristown, Tennessee.

Buy -