M&A Deal Summary

Summit Park Acquires Smartours

On October 31, 2017, private equity firm Summit Park acquired leisure company Smartours from WSC & Company

Acquisition Highlights
  • This is Summit Park’s 1st transaction in the Leisure sector.
  • This is Summit Park’s 10th transaction in the United States.
  • This is Summit Park’s 1st transaction in New York.
Investment Fate
  • Smartours was sold to a financial buyer in 2022.

M&A Deal Summary

Date 2017-10-31
Target Smartours
Sector Leisure
Buyer(s) Summit Park
Sellers(s) WSC & Company
Deal Type Recapitalization
Advisor(s) Fidus Partners (Financial)

Target

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.

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Buyer(S) 1

Buyer

Summit Park

Charlotte, North Carolina, United States

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 11 of 24
Sector (Leisure) 1 of 1
Type (Recapitalization) 6 of 18
State (New York) 1 of 1
Country (United States) 10 of 23
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Control

Webster, Texas, United States

Control Company is a supplier of digital analytical and measurement products to the scientific laboratory community in North America and a growing provider to the international market. Headquartered outside of Houston, Texas, Control sells an extensive array of private label and branded laboratory products including thermometers, timers, humidity meters and conductivity tools.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 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.

Buy -

Seller(S) 1

DESCRIPTION

WSB & Company is a family office focused on acquiring lower middle-market companies in the business services, consumer services, value-added distribution, and building materials sectors. The Firm looks to invest at least $5 million in profitable companies with at least $10 million in revenue. WSB will consider majority or minority positions in a variety of transaction situations including generational transitions, management buyouts, growth capital financings, recapitalizations, and corporate divestitures. WSB & Company is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 4
Sector (Leisure) 1 of 1
Type (Recapitalization) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Perimeter Security Systems

Ventura, California, United States

Perimeter Security Systems LLC is a seller, installer and repairer of gate access control systems in Los Angeles, Ventura, Santa Barbara, and San Luis Obispo counties for over 40 years.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Botanical Designs

Seattle, Washington, United States

Botanical Designs is a provider of high-impact biophilic design and professional plant maintenance. Botanical Designs, install and maintain interior and exterior commercial landscaping and holiday decor. Botanical Designs was founded in 1995 and is based in Seattle, Washington.

Buy -