M&A Deal Summary

SBJ Capital and TZP Group Acquire Resolvion

On July 31, 2018, private equity firms SBJ Capital and TZP Group acquired business services company Resolvion

Acquisition Highlights
  • This is SBJ Capital’s 1st and TZP Group’s 4th transaction in the Business Services sector.
  • This is SBJ Capital’s 7th and TZP Group’s 26th transaction in the United States.
  • This is SBJ Capital’s 1st and TZP Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-07-31
Target Resolvion
Sector Business Services
Buyer(s) SBJ Capital
TZP Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Resolvion

Charlotte, North Carolina, United States
Resolvion is a provider of automotive asset recovery and repossession services and leverages a network of over 750 contracted and licensed repossession agents. Resolvion was established in 1996 and is based in Charlotte, North Carolina.

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Buyer(S) 2

Buyer

SBJ Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spanos Barber Jesse & Co. (SBJ) is a private investment firm focused on lower middle-market consumer, business services and healthcare services companies. Prospective transaction types include buyouts, recapitalizations, acquisitions, and growth. SBJ looks to invest $10 to $50 million in companies generating sales up to $100 million and EBITDA of $3 to $15 million. Spanos Barber Jesse & Co. was founded in 2013 and is based in Walnut Creek, California.


DEAL STATS #
Overall 7 of 16
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (North Carolina) 1 of 1
Country (United States) 7 of 16
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 STAT Health

Bay Shore, New York, United States

STAT Health is a Urgent care provider on Long Island with a network of 12 centers headed by board-certified Emergency Medicine physicians, and all with the same, clear mission: Delivering high-quality healthcare on your time and your terms – healthcare as it should be.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Apple Montessori Schools

Fairfield, New Jersey, United States

Apple Montessori Schools is a provider of U.S. Montessori school systems offering high-quality educational programs for children ages 6 weeks to 12 years. Apple offers Infant, Toddler, Preschool/Kindergarten, and Elementary School programs, along with Summer Camp, Before & After School, and Core Enrichment programs. Apple Montessori Schools was established in 1972 and is based in Fairfield, New Jersey.

Buy -
Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 28 of 45
Sector (Business Services) 4 of 7
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (North Carolina) 1 of 2
Country (United States) 26 of 42
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Dwellworks

Cleveland, Ohio, United States

Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Quest Events

Frisco, Texas, United States

Quest Events is a provider of pipe and drape, scenic and furnishing rental solutions to the AV, hospitality, events, bridal and exhibition industries in North America. With 27 locations across the U.S. and an office in Toronto, Canada, Quest Events partners with clients to provide creative, effective and efficient rental solutions and installation services. Quest Events was formed in 1998 and is based in Frisco, Texas.

Buy -