M&A Deal Summary

Silver Oak Services Partners Acquires Drive Automotive Services

On September 8, 2021, private equity firm Silver Oak Services Partners acquired automotive company Drive Automotive Services

Acquisition Highlights
  • This is Silver Oak Services Partners’ 1st transaction in the Automotive sector.
  • This is Silver Oak Services Partners’ 32nd transaction in the United States.
  • This is Silver Oak Services Partners’ 4th transaction in Tennessee.

M&A Deal Summary
Date 2021-09-08
Target Drive Automotive Services
Sector Automotive
Buyer(s) Silver Oak Services Partners
Deal Type Recapitalization

Target

Drive Automotive Services

Hendersonville, Tennessee, United States
Drive Automotive Services is a full-service operator of automotive repair shops, serving over 120,000 vehicles annually. Drive Automotive Services was founded in 2009 and is based in Hendersonville, Tennessee.

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Buyer(S) 1

Buyer

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.

DEAL STATS #
Overall 32 of 38
Sector (Automotive) 1 of 2
Type (Recapitalization) 19 of 22
State (Tennessee) 4 of 5
Country (United States) 32 of 38
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Altura Communication Solutions

Anaheim, California, United States

Altura Communication Solutions is a provider of voice and data communications solutions and associated maintenance services to corporate customers and government entities. Altura Communication Solutions was founded in 2001 and is based in Anaheim, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Launch Trampoline Parks

Warwick, Rhode Island, United States

Launch Trampoline Parks is a family entertainment and action park. Launch's family entertainment and action parks include a family entertainment center featuring an XP Arena, ninja courses, climbing walls, laser tag, battle pits, bowling, giant trampoline surfaces, and more. Launch offers a safe and enjoyable environment for date nights, birthday parties, family events, corporate events, church outings, fundraisers, and other get-togethers. Launch Trampoline Parks was founded in 2012 and is based in Warwick, Rhode Island.

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