M&A Deal Summary

Silver Oak Services Partners and Harbert Mezzanine Capital Acquire Summit Hosting

On October 20, 2021, private equity firm Silver Oak Services Partners and mezzanine finance firm Harbert Mezzanine Capital acquired information technology company Summit Hosting

Acquisition Highlights
  • This is Silver Oak Services Partners’ 2nd and Harbert Mezzanine Capital’s 7th transaction in the Information Technology sector.
  • This is Silver Oak Services Partners’ 34th and Harbert Mezzanine Capital’s 26th transaction in the United States.
  • This is Silver Oak Services Partners’ 4th and Harbert Mezzanine Capital’s 3rd transaction in Georgia.

M&A Deal Summary

Date 2021-10-20
Target Summit Hosting
Sector Information Technology
Buyer(s) Silver Oak Services Partners
Harbert Mezzanine Capital
Deal Type Recapitalization

Target

Summit Hosting

Alpharetta, Georgia, United States
Summit Hosting is a cloud hosting provider for financial applications, including QuickBooks, Sage, and SAP Programs in North America. Summit Hosting has been offering top-tier hosting platforms for customers worldwide, with over 8,000 servers and 30,000 end-users running in our environments. Summit Hosting was founded in 2005 and is based in Alpharetta, Georgia.

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Buyer(S) 2

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 34 of 38
Sector (Information Technology) 2 of 2
Type (Recapitalization) 20 of 22
State (Georgia) 4 of 4
Country (United States) 34 of 38
Year (2021) 4 of 4
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 North American Roofing Services

Tampa, Florida, United States

North American Roofing Services is a provider of commercial re-roofing and maintenance services across the United States. North American Roofing Services is based in 1979 and is based in Tampa, Florida.

Sell -
DESCRIPTION

Harbert Mezzanine Capital is the junior capital investment arm of asset manager Harbert Management Corporation. Harbert Mezzanine looks to invest $3 to $15 million of subordinated debt to support growth needs, acquisitions, recapitalizations, or management buyouts of mid-sized companies throughout the US. Harbert Mezzanine Capital is based in Nashville, Tennessee.


DEAL STATS #
Overall 26 of 28
Sector (Information Technology) 7 of 7
Type (Recapitalization) 7 of 7
State (Georgia) 3 of 3
Country (United States) 26 of 28
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Sharecare

Atlanta, Georgia, United States

Sharecare is a digital health company that helps people consolidate and manage various components of their health in one place, regardless of where they are on their health journey. Sharecare provides the messaging, motivation, management, and measurement tools to help individuals, workforces, and communities optimize their comprehensive well-being. Sharecare was founded in 2010 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 TRM

Milwaukee, Wisconsin, United States

TRM is a manufacturer of proprietary and custom injection molding products serving the industrial lead battery, automotive, and consumer markets. TRM was founded in 1977 and is based in Milwaukee, Wisconsin.

Buy -