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M&A Deal Summary

Southfield Capital Acquires Kelvin Group

On October 1, 2017, private equity firm Southfield Capital acquired business services company Kelvin Group

Acquisition Highlights
  • This is Southfield Capital’s 3rd transaction in the Business Services sector.
  • This is Southfield Capital’s 10th transaction in the United States.
  • This is Southfield Capital’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-10-01
Target Kelvin Group
Sector Business Services
Buyer(s) Southfield Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Kelvin Group

Wilmington, Massachusetts, United States
Kelvin Group is an industrial refrigeration and HVAC company with a broad range of mission critical services including system design and installation, service, planned maintenance and compliance. Kelvin Group is based in Wilmington, Massachusetts.

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Buyer(S) 1

Buyer

Southfield Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Southfield Capital is a private equity group focused on buying and building middle-market business service companies headquartered throughout North America. The Firm prefers control investment situations and looks to commit $20 to $80 million of equity capital in profitable businesses with $4 to $20 million of EBITDA. Specific sectors of interest include business services, financial services, real estate services, IT, industrial services, and transportation. Prospective investment situations include buyouts, consolidations, recapitalizations, and growth financings. Southfield Capital is based in Greenwich, Connecticut.

DEAL STATS #
Overall 12 of 22
Sector: Business Services M&A 3 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 12
State: Massachusetts M&A 1 of 2
Country: United States M&A 10 of 19
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Ntiva

Mclean, Virginia, United States

Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup and disaster recovery, and strategic consulting. The company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security. Ntiva was founded in 2004 and is based in Mclean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 ARC Mechanical

Wilmington, Massachusetts, United States

ARC Mechanical provides services for refrigeration and air conditioning system design, alternative refrigerant evaluation, product freezing/cooling response evaluations, energy studies, and computerized plan performance evaluations. ARC also provides construction and equipment maintenance and repair for other industrial and commercial refrigeration and HVAC needs. ARC Mechanical was founded in 1996 and is based in Wilmington, Massachusetts.

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