M&A Deal Summary |
|
|---|---|
| Date | 2016-01-01 |
| Target | Groundworks |
| Sector | Construction |
| Buyer(s) |
Succession Capital Partners
Cortec Group Golub Capital KKR Adams Street Partners Twin Brook Capital Partners |
| Deal Type | Consolidation |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
Succession Capital Partners is a private equity firm focused on small-cap, family-owned company acquisitions in the Southeast and MidAtlantic regions of the US. The Firm does not have any sector preferences and targets transactions valued from $3 to $30 million. Succession Capital Partners was formed in 2009 and is headquartered in Norfolk, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Construction) | 1 of 1 |
| Type (Consolidation) | 1 of 1 |
| State (Virginia) | 3 of 4 |
| Country (United States) | 3 of 4 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-26 |
Shipyard Staffing
Norfolk, Virginia, United States Shipyard Staffing is an expertized in helping companies connect with the right taken national skilled tradesman for the ship repair and ship construction industry. Shipyard Staffing is based in Norfolk, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-13 |
A1 Sewer & Drain
Virginia Beach, Virginia, United States A1 Sewer & Drain is a provider of residential and commercial plumbing solutions, emergency plumbing, water heater installation and repair, drain cleaning, toilet repair, clogged drain repair, water leak detection, leaky faucet repairs, back flow prevention, kitchen fixture installation, garbage disposal installation and repair, gas leak detection and repair, hydro water jetting, sewer line replacement, and tankless water heater repair and installation services throughout Hampton Roads. A1 Sewer & Drain is based in Virginia Beach, Virginia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 6.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 49 |
| Sector (Construction) | 1 of 1 |
| Type (Consolidation) | 1 of 1 |
| State (Virginia) | 1 of 2 |
| Country (United States) | 32 of 48 |
| Year (2016) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-16 |
Community Veterinary Partners
Philadelphia, Pennsylvania, United States Community Veterinary Partners owns and operates veterinary hospitals and is committed to providing world-class treatment and health services to animals. Community Veterinary Partners was founded in 2009 and is based in Philadelphia, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-04 |
Center for Vein Restoration
Greenbelt, Maryland, United States Center for Vein Restoration is a manager of medical clinics providing treatment for varicose and spider veins. CVR centers, primarily located in the Mid-Atlantic and Northeastern U.S., offer high-quality diagnostic and treatment services for various grades of chronic venous insufficiency, including ultrasounds, ablation, and sclerotherapy. Center for Vein Restoration was founded in 2007 and is based in Greenbelt, Maryland. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 69 |
| Sector (Construction) | 1 of 1 |
| Type (Consolidation) | 3 of 4 |
| State (Virginia) | 2 of 3 |
| Country (United States) | 44 of 66 |
| Year (2016) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-16 |
B+B SmartWorx
Ottawa, Illinois, United States B+B SmartWorx designs and manufactures wired and wireless industrial networking and device connectivity solutions. B+B’s products allow customers to network-enable legacy equipment, extend network connections, or embed network connectivity into applications where reliability in rugged or hostile environments is critical. |
Sell | $100M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-08 |
Quickbase
Cambridge, Massachusetts, United States Quickbase provides a cloud-based platform that empowers problem solvers to quickly turn ideas for better ways to work into apps that make their organizations more efficient. Quickbase was founded in 1999 and is based in Cambridge, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 197 of 488 |
| Sector (Construction) | 1 of 1 |
| Type (Consolidation) | 1 of 12 |
| State (Virginia) | 3 of 5 |
| Country (United States) | 78 of 210 |
| Year (2016) | 3 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-01 |
Starry
Boston, Massachusetts, United States Starry is a manufacturer of Wi-Fi routers and offers wireless Internet service delivered via high-frequency millimeter wave technology. Starry is based in Boston, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-05 |
Fleet Farm
Brainerd, Minnesota, United States Fleet Farm is a value-based retailer of lifestyle merchandise serving suburban and farm consumers. The retailer has a diversified offering of merchandise across seven broad product categories, and also offers a number of services such as convenience stores, gas stations, car wash, and auto service. Fleet Farm was founded in 1955 and is based in Brainerd, Minnesota. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1972 |
| PE ASSETS | 60.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 102 of 151 |
| Sector (Construction) | 1 of 1 |
| Type (Consolidation) | 1 of 2 |
| State (Virginia) | 4 of 6 |
| Country (United States) | 92 of 139 |
| Year (2016) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-27 |
Adesto Technologies
Santa Clara, California, United States Adesto Technologies Corp. is a semiconductor memory developer. Adesto focused on developing innovative, low-power memory solutions based on a promising type of Resistive RAM technology called Conductive Bridging RAM (CBRAM). Adesto Technologies was formed in 2006 and is based in Sunnyvale, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-03 |
Skybox Security
San Francisco, California, United States Skybox Security is a provider of firewall network compliance and IT risk analysis software for cybersecurity. Skybox Security helps customers predict and prevent critical IT security and compliance exposures before they cause harm, even on the most complex IT networks. Skybox Security was founded in 2002 and is based in San Jose, California. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 22.3B USD |
| Size | Mega |
| Type | Sector Agnostic |
Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 25 |
| Sector (Construction) | 1 of 1 |
| Type (Consolidation) | 1 of 1 |
| State (Virginia) | 1 of 3 |
| Country (United States) | 1 of 24 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-22 |
Fire & Life Safety America
Richmond, Virginia, United States Fire & Life Safety America is a provider of fire and life safety services to the commercial, industrial, institutional and multy-family markets. Fire & Life Safety America was founded in 1997 and is based in Richmond, Virginia. |
Buy | - |
