Add-on Acquisition • Consumer Services

Spruce Acquires The Minte

On August 11, 2021, Spruce acquired consumer services company The Minte

Acquisition Context

This is Spruce’s 1st transaction in the Consumer Services sector.
This is Spruce’s 1st transaction in the United States.
This is Spruce’s 1st transaction in Illinois.

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M&A Deal Summary
Date	August 11, 2021
Target	The Minte
Sector	Consumer Services
Buyer(s)	Spruce
Deal Type	Add-on Acquisition

Target Company

The Minte

Chicago, Illinois, United States

The Minte provides hotel-style housekeeping to luxury apartment residences. The Minte was founded in 2017 and is based in Chicago, Illinois.

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Buyer Overview 1

Buyer

Spruce

Austin, Texas, United States

Category	Company
Founded	2016
Sector	Consumer Services
Employees	65

DESCRIPTION

Spruce is a provider of lifestyle services to the multifamily sector. The company currently offers Chores, Housekeeping, Pet Care, Laundry, and Dry Cleaning services to over 1,500 select apartment communities throughout the country. Spruce was founded in 2016 and is based in Austin, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Consumer Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Illinois	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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