M&A Deal Summary

Saw Mill Capital Acquires Let’s Pave

On June 25, 2019, private equity firm Saw Mill Capital acquired construction company Let’s Pave

Acquisition Highlights
  • This is Saw Mill Capital’s 1st transaction in the Construction sector.
  • This is Saw Mill Capital’s 18th transaction in the United States.
  • This is Saw Mill Capital’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2019-06-25
Target Let’s Pave
Sector Construction
Buyer(s) Saw Mill Capital
Deal Type Recapitalization

Target

Let’s Pave

Oak Brook, Illinois, United States
Let’s Pave is a provider of outsourced parking lot maintenance and repair services to multi-location property owners through a network of preferred, local paving partners. Let’s Pave was established in 2015 and is based in Oak Brook, Illinois.

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Buyer(S) 1

Buyer

Saw Mill Capital

Briarcliff Manor, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 610M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saw Mill Capital is a private equity firm focused on middle-market company acquisitions valued up to $200 million. Saw Mill prefers businesses with defensible market positions, solid growth prospects, and historical cash-flow. Sectors of interest include manufacturing, specialty distribution, and service. Saw Mill looks to commit between $15 and $75 million per transaction in companies with at least $3 million of EBITDA. Saw Mill will not invest in retail, healthcare services, media/telecom, information technology, financial services, personnel based services, apparel or businesses driven by fad or fashion. Saw Mill Capital was formed in 1997 and is based in Briarcliff Manor, New York.

DEAL STATS #
Overall 19 of 26
Sector (Construction) 1 of 2
Type (Recapitalization) 3 of 3
State (Illinois) 3 of 3
Country (United States) 18 of 25
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Gateway Packaging

Granite City, Illinois, United States

Gateway Packaging Company LLC is a flexible packaging converter and provider of flexible packaging solutions. The Company designs and manufactures multi-wall paper and plastic bags, pouches, roll stock, lidding, and labels primarily for the pet food and human food markets. Gateway Packaging was founded in 1982 and is based in Granite City, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 ARCXIS

Houston, Texas, United States

ARCXIS is a residential Third-Party Inspection and Structural Engineering company, currently serve all of great State of Texas, Nashville, TN, Atlanta, GA, and Minneapolis, MN. The company offers inspections and design services from Site Preparation, Foundation, Frame, Wind Engineering, HVAC design and combine that with being the 5th largest energy efficiency certification company in the country. ARCXIS was formed in 1986 and is based in Houston, Texas.

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