M&A Deal Summary

Summit Park Acquires Hylaine

On August 14, 2024, private equity firm Summit Park acquired business services company Hylaine

Acquisition Highlights
  • This is Summit Park’s 2nd transaction in the Business Services sector.
  • This is Summit Park’s 22nd transaction in the United States.
  • This is Summit Park’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2024-08-14
Target Hylaine
Sector Business Services
Buyer(s) Summit Park
Deal Type Recapitalization

Target

Hylaine

Charlotte, North Carolina, United States
Hylaine provides strategic consulting and digital transformation services to enterprise clients across a range of industries, including financial services, insurance, industrial, and healthcare. Hylaine was founded in 2017 and is based in Charlotte, North 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 23 of 24
Sector (Business Services) 2 of 2
Type (Recapitalization) 17 of 18
State (North Carolina) 2 of 2
Country (United States) 22 of 23
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 United Air Temp

Lorton, Virginia, United States

United Air Temp is a provider of residential heating, ventilation, and air conditioning (HVAC) services to residential homeowners. United Air Temp is headquartered in Lorton, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Thrust Flight

Addison, Texas, United States

Thrust Flight is a flight training school focused on serving those who aspire to be professional pilots through its Zero Time to Airline program. Thrust Flight was founded in 2006 and in Addison, Texas.

Buy -
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