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M&A Deal Summary

Summer Street Capital Partners and Glouston Capital Partners Acquire Dwellworks

On February 4, 2015, private equity firm Summer Street Capital Partners and secondary investor Glouston Capital Partners acquired business services company Dwellworks from Brantley Partners

Acquisition Highlights
  • This is Summer Street Capital Partners’ 1st and Glouston Capital Partners’ 1st transaction in the Business Services sector.
  • This is Summer Street Capital Partners’ 19th and Glouston Capital Partners’ 1st transaction in the United States.
  • This is Summer Street Capital Partners’ 1st and Glouston Capital Partners’ 1st transaction in Ohio.
Investment Fate
  • Dwellworks was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2015-02-04
Target Dwellworks
Sector Business Services
Buyer(s) Summer Street Capital Partners
Glouston Capital Partners
Sellers(s) Brantley Partners
Deal Type Recapitalization

Target

Dwellworks

Cleveland, Ohio, United States
Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

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Buyer(S) 2

Buyer

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.

DEAL STATS #
Overall 20 of 23
Sector: Business Services M&A 1 of 1
Type: Recapitalization M&A Deals 7 of 7
State: Ohio M&A 1 of 1
Country: United States M&A 19 of 22
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Full Spectrum Laser

Las Vegas, Nevada, United States

Full Spectrum Laser LLC designs, manufactures, and sells a full range of consumer and industrial grade laser products and 3D Printers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-25 Bracor

Buffalo, New York, United States

Bracor, Inc. (dba WillCare HealthCare) is a provider of skilled home health and personal care services

Sell $51M
Buyer

Glouston Capital Partners

Category Secondary Investor
Founded 1994
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glouston Capital Partners is a private equity investment manager focused on managing fund of funds, acquiring secondary positions, and selectively co-investing in direct investments. Glouston Capital Partners was formerly known as Permal Capital Management. The Firm was originally established in 1994 and is headquartered in Boston.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Dwellworks

Cleveland, Ohio, United States

Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Sell -

Seller(S) 1

SELLER

Brantley Partners

Pepper Pike, Ohio, United States
Category Private Equity Firm
Founded 1987
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brantley Partners is a private equity firm that targets buyout and growth financing investments in profitable companies valued up to $100 million. Brantley looks for US based companies with annual revenues between $40 and $150 million. Brantley prefers to be the lead investor in prospective transactions. Brantley Partners was formed in 1987 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 9 of 10
Sector: Business Services M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 9 of 10
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-06 Jet LithoColor

Downers Grove, Illinois, United States

Jet Lithocolor is one of the largest printers of plastic gift, loyalty and prepaid cards. Through uniquely applied technologies, Jet engineers, manufactures, and delivers the best in end-to-end solutions for gift, loyalty, membership, and other card programs. With headquarters and operations in the suburbs of Chicago, Jet is well positioned to support their national client base

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 WS Packaging

Green Bay, Wisconsin, United States

WS Packaging is a domestic pressure sensitive label manufacturer. The Company prints a broad range of high-quality pressure sensitive labels for clients engaged in the food, beverage, personal care, household, commercial, promotional, industrial, direct mail, and pharmaceutical markets. WS Packaging is based in Green Bay, Wisconsin.

Sell -
Mergr

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