M&A Deal Summary

Stellus Capital Management and Stellex Capital Management Acquire TriplePoint

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

Acquisition Highlights
  • This is Stellus Capital Management’s 2nd and Stellex Capital Management’s 1st transaction in the Consumer Services sector.
  • This is Stellus Capital Management’s 65th and Stellex Capital Management’s 23rd transaction in the United States.
  • This is Stellus Capital Management’s 14th and Stellex Capital Management’s 6th transaction in Texas.

M&A Deal Summary

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

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B 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 $20 to $100 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 66 of 87
Sector: Consumer Services M&A 2 of 5
Type: Secondary Buyout M&A Deals 15 of 20
State: Texas M&A 14 of 16
Country: United States M&A 65 of 84
Year: 2024 M&A 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 AdCellerant

Denver, Colorado, United States

AdCellerant is a digital marketing and technology company providing white-label advertising solutions and its proprietary Ui.Marketing platform to media companies and agencies. The company enables partners to deliver programmatic, search, social, and OTT campaigns with integrated reporting and automation. AdCellerant was founded in 2013 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Behavioral Innovations

Addison, Texas, United States

Behavioral Innovations provides center-based and in-home applied behavior analysis therapy, speech therapy, and occupational therapy services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities. BI also offers adult services in community-based treatment settings. Behavioral Innovations was formed in 2000 and is based in Addison, Texas.

Buy -
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 $75 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, New York.


DEAL STATS #
Overall 29 of 39
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 10
State: Texas M&A 6 of 7
Country: United States M&A 23 of 29
Year: 2024 M&A 1 of 6
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 Continental Global Material Handling

Winfield, Alabama, United States

Continental Global Material Handling is a designer and manufacturer of material handling conveyor systems and components used in a variety of industrial end markets, including metals and mining, industrial processing, and aggregates. Continental Global Material Handling is based in Winfield, Alabama.

Sell -

Seller(S) 2

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 11
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2024 M&A 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-18 PureRED

Stone Mountain, Georgia, United States

PureRED Integrated Marketing is an advertising agency that designs and executes integrated retail marketing programs including pre-media advertising execution, digital creative/design, digital asset management services, photographic services, and interactive services for national retailers. PureRED was founded in 1967 and is based in Stone Mountain, Georgia.

Sell -
SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 44 of 47
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 15
State: Texas M&A 2 of 2
Country: United States M&A 44 of 47
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-10 Highdive

Chicago, Illinois, United States

Highdive is a creative-first advertising agency specializing in the strategy, development, and delivery of high-profile marketing campaigns for prominent brands. The Company provides a fully integrated service offering, primarily strategic, creative, and production services, across various advertising channels, including digital, TV, print, earned activations, and more. Highdive was formed in 2016 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 SurgeryStuff.com

Fairfax, Virginia, United States

SurgeryStuff.com is a provider of surgical supplies, specializing in the procurement and distribution of sterile, in-date, and unused surgical implants and disposables. SurgeryStuff.com serve as a one-stop shop, providing significant cost savings on purchases while also helping hospitals recover costs on surgical implants and disposables that might otherwise be discarded at a substantial loss. SurgeryStuff.com is based in Fairfax, Virginia.

Buy -