M&A Deal Summary

Smart Care Equipment Solutions Acquires Horizon Bradco

On August 25, 2021, Smart Care Equipment Solutions acquired business services company Horizon Bradco from Hamilton Robinson Capital Partners

Acquisition Highlights
  • This is Smart Care Equipment Solutions’ 7th transaction in the Business Services sector.
  • This is Smart Care Equipment Solutions’ 7th transaction in the United States.
  • This is Smart Care Equipment Solutions’ 2nd transaction in New York.

M&A Deal Summary

Date 2021-08-25
Target Horizon Bradco
Sector Business Services
Buyer(s) Smart Care Equipment Solutions
Sellers(s) Hamilton Robinson Capital Partners
Deal Type Add-on Acquisition

Target

Horizon Bradco

Schenectady, New York, United States
Horizon Bradco offers grocery and convenience store customers best-in-class equipment solutions including hot-side, refrigeration and HVAC repair, preventive maintenance, installation, and equipment sales. The company operates across three divisions – Horizon Bradco, Allied Mechanical Services, and 5-Star Refrigeration – and strengthens Smart Care’s existing service markets while adding expertise in full-service equipment solutions for food retail customers. Horizon Bradco was founded in 1987 and is based in Schenectady, New York.

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Buyer(S) 1

Buyer

Smart Care Equipment Solutions

St Paul, Minnesota, United States

Category Company
Sector Business Services
DESCRIPTION

Smart Care Equipment Solutions is a provider of commercial kitchen repair, maintenance services, and parts to the U.S. commercial foodservice industry. Equipment Care services 40,000 locations across 25 states with 500 technicians and 400 subcontractors and distributes 25K SKUs of OEM and private label parts. Smart Care Equipment Solutions is based in St Paul, Minnesota.


DEAL STATS #
Overall 7 of 16
Sector (Business Services) 7 of 16
Type (Add-on Acquisition) 7 of 16
State (New York) 2 of 2
Country (United States) 7 of 16
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 TBS Southeast

Liberty, Mississippi, United States

TBS Southeast is a maintenance and repair company, specializing in commercial foodservice equipment and HVAC/R systems. TBS provides factory-authorized preventive maintenance and repair services for numerous premium brands. TBS Southeast is based in Liberty, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Almcoe

Dallas, Texas, United States

Almcoe is a family-owned and operated refrigeration company offering emergency repair and preventative maintenance services, as well as equipment sales and installation services. Almcoe was founded in 1960 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 17 of 20
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 6 of 7
State (New York) 3 of 3
Country (United States) 15 of 18
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Zone 4

Orange, California, United States

Zone 4 engages in the installation of automated storage and retrieval systems, advanced material handling, and rack storage systems servicing the retail, e-commerce, logistics, and grocery sectors nationwide. Delivering unparalleled expertise implementing automated storage/retrieval systems (AS/RS), multi-shuttle, and mini-load systems in the rapidly expanding e-commerce and food delivery markets. Zone 4 is based in Orange, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 WorkforceQA

Salt Lake City, Utah, United States

WorkforceQA is a third-party administrator of DOT drug and alcohol testing, employee screening, and CSA compliance services. The company provides MRO, collection, and TPA services to thousands of employers across the country. WorkforceQA founded in 2006 and is based in Salt Lake City, Utah.

Buy -