M&A Deal Summary

Silver Peak Partners and True West Capital Partners Acquire StormWater Pros

On January 1, 2022, private equity firms Silver Peak Partners and True West Capital Partners acquired business services company StormWater Pros

Acquisition Highlights
  • This is Silver Peak Partners’ 2nd and True West Capital Partners’ 2nd transaction in the Business Services sector.
  • This is Silver Peak Partners’ 11th and True West Capital Partners’ 16th transaction in the United States.
  • This is Silver Peak Partners’ 1st and True West Capital Partners’ 1st transaction in Arizona.

M&A Deal Summary

Date 2022-01-01
Target StormWater Pros
Sector Business Services
Buyer(s) Silver Peak Partners
True West Capital Partners
Deal Type Recapitalization

Target

StormWater Pros

Mesa, Arizona, United States
StormWater Pros is a provider of drywell installation and maintenance, hydro-excavation services, CCTV inspection, stormwater infrastructure maintenance and other related services in the Southwest United States. StormWater Pros was founded in 2010 and is based in Mesa, Arizona.

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Buyer(S) 2

DESCRIPTION

Silver Peak Partners is a private equity firm focused on small, profitable company acquisitions with $3 to $10 million of EBITDA. Silver Peak Partners looks to partner with management when pursuing investments and will consider opportunities in the infrastructure, environmental and recycling, aerospace and defense, niche/precision manufacturing, and agribusiness sectors. Silver Peak Partners was formed in 2008 and is based in Denver, Colorado.


DEAL STATS #
Overall 11 of 11
Sector: Business Services M&A 2 of 2
Type: Recapitalization M&A Deals 9 of 9
State: Arizona M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-01 ERI Group

Golden, Colorado, United States

ERI Group is a provider of end-to-end solutions for medical device development, manufacturing, and regulatory approvals. ERI’s services turn a concept into a market-ready product. The Company specializes in electro-mechanical devices and full system solutions often integrated with the software. ERI Group was founded in 1988 and is based in Golden, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 CG Environmental

Fort Worth, Texas, United States

CG Environmental is an emergency response and hazardous/non-hazardous materials remediation and waste disposal company. With five corporate locations in Dallas-Fort Worth, Houston, Austin, San Antonio, and Denver, CG Environmental has the capability to address a variety of situations, including chemical spills, gas spills, and biological hazards. CG Environmental is based in Fort Worth, Texas.

Sell -
DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 16 of 21
Sector: Business Services M&A 2 of 2
Type: Recapitalization M&A Deals 3 of 3
State: Arizona M&A 1 of 1
Country: United States M&A 16 of 21
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Lief Labs

Valencia, California, United States

Lief Labs is a formulation and product development innovator and manufacturer of dietary supplements. The Company's in-house Product Development and R&D team creates the best tasting and most cutting-edge formulations of supplements. Lief Labs was founded in 2008 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 P3 Services

Auburn, Washington, United States

P3 Services is a provider of plumbing installation and maintenance and repair services to the multi-family, light commercial, and single-family end markets with operations in Austin, Charlotte, Dallas, Houston, San Antonio, and Seattle. P3 Services was founded in 1985 and is based in Auburn, Washington.

Sell -