M&A Deal Summary

Servidyne Acquires The Wheatstone Energy Group

On December 23, 2003, Servidyne acquired energy services and equipment company The Wheatstone Energy Group from Salem Halifax Capital Partners

Acquisition Highlights
  • This is Servidyne’s 1st transaction in the Energy Services and Equipment sector.
  • This is Servidyne’s 1st transaction in the United States.
  • This is Servidyne’s 1st transaction in Georgia.

M&A Deal Summary
Date 2003-12-23
Target The Wheatstone Energy Group
Sector Energy Services and Equipment
Buyer(s) Servidyne
Sellers(s) Salem Halifax Capital Partners
Deal Type Add-on Acquisition

Target

The Wheatstone Energy Group

Atlanta, Georgia, United States
The Wheatstone Energy Group, Inc. provides turnkey implementation of energy saving programs to the educational, industrial, and commercial markets.

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Buyer(S) 1

Buyer

Servidyne

Atlanta, Georgia, United States
Category Company
Founded 1925
Sector Energy Services and Equipment
DESCRIPTION

Servidyne, Inc. is a provider of an energy efficiency and demand response solutions and services in the United States and internationally.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1

Seller(S) 1

SELLER

Salem Halifax Capital Partners

Marietta, Georgia, United States
Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 105M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Salem Halifax Capital Partners is a mezzanine investment firm that targets investments in traditional manufacturing, distribution, and service businesses located in the Southeast US. Salem looks to commit $2 to $10 million of junior capital in companies with predictable cash-flows and sales of $10 to $75 million. Salem Halifax was originally formed in 1999 and was known as Venture Capital Solutions from 1999 to 2004. Salem has offices in Winston-Salem, North Carolina, and Atlanta, Georgia.

DEAL STATS #
Overall 1 of 10
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Georgia) 1 of 2
Country (United States) 1 of 10
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-21 AccuSport

Winston-Salem, North Carolina, United States

Accusport develops and distributes launch monitors and simulator technology for the golf industry. AccuSport is headquartered in Winston-Salem, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 Good Health Natural Foods

Greensboro, North Carolina, United States

Good Health is a producer of natural and organic consumer products, both branded and private label, with a focus on reduced-fat salty snack foods. Good Health’s products include Olive Oil Potato Chips™, Veggie Stix™ and Avocado Oil Potato Chips™. In addition to natural and organic foods, Good Health markets a line of specialty hand and body soaps. The Company currently distributes its products through natural food distributors, grocery stores, mass-market retailers and other specialty food channels.

Buy -
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