M&A Deal Summary

Stellex Capital Management and Stellus Capital Management Acquire TriplePoint

On May 31, 2024, private equity firms Stellex Capital Management and Stellus Capital Management acquired consumer services company TriplePoint from Caymus Equity Partners

Acquisition Highlights
  • This is Stellex Capital Management’s 1st and Stellus Capital Management’s 2nd transaction in the Consumer Services sector.
  • This is Stellex Capital Management’s 19th and Stellus Capital Management’s 22nd transaction in the United States.
  • This is Stellex Capital Management’s 4th and Stellus Capital Management’s 6th transaction in Texas.

M&A Deal Summary

Date 2024-05-31
Target TriplePoint
Sector Consumer Services
Buyer(s) Stellex Capital Management
Stellus Capital Management
Sellers(s) Caymus Equity Partners
Deal Type Secondary Buyout

Target

TriplePoint

Houston, Texas, United States
TriplePoint is a provider of HVACR installations, maintenance, repair, design, and consulting services to commercial clients across a ten-plus state footprint in the Midwest and Southeast regions. TriplePoint is based in Houston, Texas.

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Buyer(S) 2

Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 24 of 28
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 9 of 9
State (Texas) 4 of 4
Country (United States) 19 of 22
Year (2024) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Maccaferri

Bologna, Italy

Maccaferri is a provider of environmental engineering solutions, design, and development of solutions within the civil engineering, geotechnical, and environmental construction market. The company's products represent a low carbon emissions and environmentally friendly alternative within the building materials space. It focuses on environmental solutions and supports the drive towards above-market average growth. Maccaferri was founded in 1879 and is based in Bologna, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 J. Skinner

Omaha, Nebraska, United States

J. Skinner provides ready-to-eat baked goods through grocery in-store bakeries, food service providers, and co-pack partnerships. J. Skinner was founded in 1983 and is based in Omaha, Nebraska.

Buy -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $30 to $50 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 22 of 23
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 6 of 6
State (Texas) 6 of 6
Country (United States) 22 of 23
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 evolv

Dallas, Texas, United States

evolv is a data-driven digital and business consulting firm that serves enterprise clients by bringing a fresh perspective to navigating the shift to a data-driven business and technology landscape. The company specializes in a comprehensive suite of services, including business strategy, data & analytics, and digital transformation. evolv is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Norplex Micarta

Postville, Iowa, United States

Norplex Micarta is a producer of high-performance thermoset composite materials. By providing high quality technically advanced composites to unique customer specifications, Norplex Micarta has become the provider of choice for OEMs, fabricators, and distributors serving the electrification and industrial end markets. Norplex Micarta is based in Postville, Iowa.

Buy -

Seller(S) 1

DESCRIPTION

Caymus Equity Partners LLC is a private equity firm that looks to partner with management to acquire and grow profitable, lower middle-market companies valued between $10 and $100 million. The Firm looks for situations where companies lack the resources, capital, and strategic guidance needed to realize their full potential. Sectors of interest include business services, healthcare services, consumer products/services, and industrials. Caymus Equity Partners was formed in 2001 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 10 of 10
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 1 of 1
Country (United States) 10 of 10
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Quality Environmental Services

Beaverton, Michigan, United States

Quality Environmental Services offers a complementary portfolio of environmental remediation services, including: asbestos abatement, mold remediation, lead paint abatement, sub-floor grinding, selective demolition, and mechanical insulation. Quality Environmental Services is based in Beaverton, Michigan.

Buy -