M&A Deal Summary

Service Experts Acquires Church Services

On March 16, 2017, Service Experts acquired business services company Church Services from Fort Point Capital and Barings Private Equity

Acquisition Highlights
  • This is Service Experts’ 1st transaction in the Business Services sector.
  • This is Service Experts’ 1st transaction in the United States.
  • This is Service Experts’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-03-16
Target Church Services
Sector Business Services
Buyer(s) Service Experts
Sellers(s) Fort Point Capital
Barings Private Equity
Deal Type Add-on Acquisition

Target

Church Services

Houston, Texas, United States
Church Services, Inc. is a provider of residential maintenance, repair, and replacement services in the areas of (i) heating, ventilation and air conditioning ("HVAC"), (ii) electrical, (iii) plumbing and (iv) foundation repair. Church Services was founded in 1990 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Service Experts

Richardson, Texas, United States

Category Company
Founded 1996
Sector Consumer Services
Employees2,800
DESCRIPTION

Service Experts LLC is a provider of HVAC services, including inspections, maintenance, sales and equipment installation.


DEAL STATS #
Overall 1 of 6
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 6
State: Texas M&A 1 of 2
Country: United States M&A 1 of 6
Year: 2017 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Aramendia Plumbing Heating & Air

San Antonio, Texas, United States

Aramendia Plumbing, Heating & Air Ltd. is an HVAC and plumbing services company. Aramendia Plumbing, Heating & Air is based in San Antonio, Texas.

Buy -

Seller(S) 2

SELLER

Fort Point Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Fort Point Capital is a private investment firm that targets smaller middle-market growth company investments. The Firm specifically looks for partnerships where firm expertise can help businesses realize their 'potential'. Sectors of interest include business services, healthcare, consumer, and software and information. Fort Point Capital was formed in 2009 and has offices in Boston and New York City.


DEAL STATS #
Overall 3 of 9
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 2 of 3
Country: United States M&A 3 of 9
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 PakEnergy

Abilene, Texas, United States

PakEnergy is a provider of enterprise resource planning (ERP) and accounting software to the oil and gas industry, including oil and gas operators, midstream companies and mineral rights investors. PakEnergy was founded in 1986 and is based in Abilene, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 EventLink

Sterling Heights, Michigan, United States

EventLink is a provider of experiential marketing services and has built a reputation for creating and executing some of the most logistically challenging marketing events in North America. EventLink was founded in 2009 and is based in Sterling Heights, Michigan.

Buy -
SELLER

Barings Private Equity

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 18 of 39
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 14 of 23
State: Texas M&A 1 of 2
Country: United States M&A 16 of 35
Year: 2017 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 SummitReheis

Huguenot, New York, United States

SummitReheis is a high quality, high margin specialty chemicals platform that produces a range of critical active ingredients and materials tailored for use in personal care, pharmaceutical and dental products. SummitReheis' anti-perspirant actives business (more than 60 per cent. of its sales) is the global leader in the manufacture and sale of active ingredients for anti-perspirants and has long standing relationships with key consumer product companies across the Americas, Europe and Asia.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 The Crown Group

Warren, Michigan, United States

The Crown Group, Inc. is a provider of quality coating solutions to industrial end markets. Crown's range of coating technologies include electro-coating ("e-coating"), e-coating with powder coating topcoat and water-based wet painting. The Crown Group, Inc. was established in 1965 and is headquartered in Warren, Michigan.

Sell -