M&A Deal Summary

Summit Park Acquires Fast Growing Trees

On February 8, 2018, private equity firm Summit Park acquired e-commerce company Fast Growing Trees

Acquisition Highlights
  • This is Summit Park’s 1st transaction in the E-Commerce sector.
  • This is Summit Park’s 11th transaction in the United States.
  • This is Summit Park’s 2nd transaction in South Carolina.
Investment Fate
  • Fast Growing Trees was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2018-02-08
Target Fast Growing Trees
Sector E-Commerce
Buyer(s) Summit Park
Deal Type Recapitalization

Target

Fast Growing Trees

Fort Mill, South Carolina, United States
Fast Growing Trees is an operator of trees and shrubs and offers consumers a broad variety of high-quality trees and shrubs through its websites fast-growing-trees.com and brighterblooms.com. Fast Growing Trees was founded in 2006 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 12 of 25
Sector: E-Commerce M&A 1 of 1
Type: Recapitalization M&A Deals 7 of 18
State: South Carolina M&A 2 of 2
Country: United States M&A 11 of 24
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Smartours

New York, New York, United States

Smartours is a provider of travel experiences and great travel deals to travelers. Smartours offers travelers curated, pre-packaged itineraries to over 40 destinations across the globe. Smartours was founded in 1996 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Arkive Information Management

Mableton, Georgia, United States

Arkive Information Management LLC is a provider of records information management (RIM) solutions to over 2,100 business partners and clients in Atlanta, Seattle, Vancouver, Calgary, Edmonton, Ottawa, Toronto, and Montreal. Arkive Information Management was founded in 2016 and is based in Mableton, Georgia.

Sell -