M&A Deal Summary

Silver Oak Services Partners Acquires QLS

On September 26, 2023, private equity firm Silver Oak Services Partners acquired automotive company QLS from TRP Capital Partners

Acquisition Highlights
  • This is Silver Oak Services Partners’ 2nd transaction in the Automotive sector.
  • This is Silver Oak Services Partners’ 37th transaction in the United States.
  • This is Silver Oak Services Partners’ 5th transaction in Tennessee.

M&A Deal Summary
Date 2023-09-26
Target QLS
Sector Automotive
Buyer(s) Silver Oak Services Partners
Sellers(s) TRP Capital Partners
Deal Type Recapitalization

Target

QLS

Hendersonville, Tennessee, United States
QLS provides quality control, parts inspection & repair, and on-site representation for suppliers to manufacturing plants throughout North America. QLS was founded in 2004 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 37 of 38
Sector (Automotive) 2 of 2
Type (Recapitalization) 21 of 22
State (Tennessee) 5 of 5
Country (United States) 37 of 38
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Vecta Environmental Services

Gonzales, Louisiana, United States

Vecta Environmental Services is a provider of industrial and environmental services to a diverse customer base across multiple end markets throughout the USGC region. Vecta Environmental Services is based in Gonzales, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Beary

Lockport, Illinois, United States

Beary provides recurring landscaping and snow removal services to commercial end markets, including utilities, multi-family living communities, office buildings, and municipalities. Beary was formed in 1985 and is based in Lockport, Illinois.

Buy -

Seller(S) 1

SELLER

TRP Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TRP Capital Partners is a private investment firm focused on opportunities within the transportation industry. Specific areas of interest include auto dealerships, education/training, outsourced services, niche manufacturing, environmental, and distribution/logistics. The Firm prefers to control situations and targets companies valued from $25 to $250 million. TRP Capital Partners was formed in 1997 and is based in Birmingham, Michigan.

DEAL STATS #
Overall 13 of 13
Sector (Automotive) 3 of 3
Type (Recapitalization) 1 of 1
State (Tennessee) 3 of 3
Country (United States) 12 of 12
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Flex Fleet Rental

Salt Lake City, Utah, United States

Flex Fleet Rental is a truck rental company that provides customers with the flexibility to manage the demands of their business at a profitable margin. Flex Fleet Rental was established in 2012 and is based in Salt Lake City, Utah.

Sell -
Mergr

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