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M&A Deal Summary

Snowbird Capital Acquires Fleet Management Solutions

On September 12, 2006, mezzanine finance firm Snowbird Capital acquired technology hardware company Fleet Management Solutions

Acquisition Highlights
  • This is Snowbird Capital’s 1st transaction in the Technology Hardware sector.
  • This is Snowbird Capital’s 1st transaction in the United States.
  • This is Snowbird Capital’s 1st transaction in California.
Investment Fate
  • Fleet Management Solutions was sold to a strategic buyer in 2010.

M&A Deal Summary
Date 2006-09-12
Target Fleet Management Solutions
Sector Technology Hardware
Buyer(s) Snowbird Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Blue Beacon Capital (Financial)

Target

Fleet Management Solutions

San Luis Obispo, California, United States
Fleet Management Solutions, Inc. is a provider of complete solution for all your fleet management and tracking requirements. FMS Mobile Location Tracking Modules maintain continuous GPS location, direction and speed information and combine that with important vehicle data such as engine activity, idle and stop data.

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Buyer(S) 1

Buyer

Snowbird Capital

Reston, Virginia, United States
Category Mezzanine Finance Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Snowbird Capital is a private investment firm that provides mezzanine capital to smaller middle-market companies with revenues between $5 and $100 million, and cash flow of at least $500K. Snowbird looks to commit $1 to $5 million per transaction, and focuses on companies in a wide range of industries with a preference for businesses located in the US. Investment proceeds are typically used to support buyouts, 'redemption of inactive owners', generational transfers, recapitalizations, and growth financings. Snowbird will not invest in start-ups, real estate development, leasing companies, and foreign companies. Snowbird is located in Reston, Virginia and has an office in California.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-04 Expert Janitorial

Knoxville, Tennessee, United States

Expert Janitorial, Inc. is a commercial janitorial company, offers a range of facility maintenance services including full service floor maintenance, carpet cleaning, complete porter and janitorial services, high dusting, power washing, special event services, construction clean-up, temporary staffing and 24 hour emergency services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 Skagit Gardens

Mount Vernon, Washington, United States

Skagit Gardens was founded by Jim and Ruth Youngsman. In 1967 they built their first 20' x 150' greenhouse and the rest is history. Skagit gardens is a large wholesale nursery, Skagit Gardens (rhymes with gadget) is located in Mount Vernon, Washington. Most of the time the weather is mild, with cool nights even in summer, but the winter temperatures drop enough to vernalize the perennials, assuring first-season bloom.

Sell -
Mergr

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