Investment Summary

Searchlight Capital Partners and British Columbia Investment Management Invest In Adams Outdoor

On September 20, 2021, private equity firm Searchlight Capital Partners and asset manager British Columbia Investment Management invested in marketing company Adams Outdoor

Investment Highlights
  • This is Searchlight Capital Partners’ 3rd and British Columbia Investment Management’s 1st transaction in the Marketing sector.
  • This is Searchlight Capital Partners’ 15th and British Columbia Investment Management’s 7th transaction in the United States.
  • This is Searchlight Capital Partners’ 1st and British Columbia Investment Management’s 1st transaction in Michigan.

Investment Summary
Date 2021-09-20
Target Adams Outdoor
Sector Marketing
Investor(s) Searchlight Capital Partners
British Columbia Investment Management
Deal Type Growth Capital
Advisor(s) Solomon Partners (Financial)
Kaplan, Strangis and Kaplan (Legal)

Target

Adams Outdoor

Lansing, Michigan, United States
Adams Outdoor is an outdoor and location-based advertising firm, whose goal is to form marketing partnerships with advertisers providing them with the best media strategies. Adams Outdoor was formed in 1983 and is headquartered in Lansing, Michigan.

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Investor(S) 2

Investor

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.

DEAL STATS #
Overall 30 of 39
Sector (Marketing) 3 of 3
Type (Growth Capital) 9 of 13
State (Michigan) 1 of 1
Country (United States) 15 of 21
Year (2021) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Technical Airborne Components

Milmort, Belgium

Technical Airborne Components designs and manufactures rods and struts for the aerospace industry. TAC is recognized worldwide as the reference source for high-quality, custom-engineered control, structural and system rods. Its expertise in design, development, and manufacturing of metallic & composite struts and rods is complemented by related machined parts (e.g. cranks, brackets), special tubular links, telescopic rods, torque shafts, and special rod ends. Technical Airborne Components was founded in 1981 and is based in Milmort, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 IPS

Greenville, South Carolina, United States

IPS is a provider of maintenance, repair, and replacement solutions for critical process equipment serving industrial and renewable energy end markets in North America. IPS was founded in 2007 and is headquartered in Greenville, South Carolina.

Buy -
Investor

British Columbia Investment Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1999
PE ASSETS 21.9B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.

DEAL STATS #
Overall 16 of 19
Sector (Marketing) 1 of 1
Type (Growth Capital) 4 of 4
State (Michigan) 1 of 1
Country (United States) 7 of 7
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Springs Window Fashions

Montgomery, Pennsylvania, United States

Springs Window Fashions is a manufacturer and marketer of custom and stock window coverings and drapery hardware to retail and commercial customers, as well as independent designers, franchisors, and decorators. Springs Window Fashions was founded in 1939 and is based in Montgomery, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Pilot Freight Services

Glen Mills, Pennsylvania, United States

Pilot Freight Services is a transportation and logistics provider with over 75 locations throughout North America and Western Europe. The company’s freight forwarding services encompass every mode of transportation, including air, ground, and ocean, serving all corners of the globe. Pilot’s logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, e-commerce, and home delivery solutions, product warehousing, and inventory management. Pilot Freight Services was founded in 1970 and is based in Glen Mills, Pennsylvania.

Sell $1.7B
Mergr

Product

Company

Legal