Investment Summary |
|
|---|---|
| Date | 2023-05-09 |
| Target | Center Rock |
| Sector | Energy Services and Equipment |
| Investor(s) | Argonaut Private Equity |
| Sellers(s) |
Sverica
Timepiece Capital Gemini Investors |
| Deal Type | Secondary Buyout |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 38 |
| Sector: Energy Services and Equipment M&A | 6 of 7 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: Pennsylvania M&A | 1 of 1 |
| Country: United States M&A | 32 of 38 |
| Year: 2023 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-01 |
Allstream Services & Rental
Houma, Louisiana, United States Allstream Services & Rental provides robotic and traditional ultra-high-pressure water solutions for coatings removal, surface preparation, and hydro-cutting projects within heavy industrial, energy, and marine sectors. The company’s proprietary robotic technology reduces job time by more than 50% while providing safer, more environmentally friendly solutions that reduce labor requirements and eliminate the need for harmful substances typically associated with sand blasting. Allstream Services & Rental was founded in 2018 and is based in Houma, Louisiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-15 |
Chemoil Energy Services
Oklahoma City, Oklahoma, United States Chemoil Energy Services is a distributor of diesel fuel and lubricants for US onshore frac and drilling applications. Additionally, Chemoil provides a market-leading proprietary automated fueling system, as well as mobile maintenance and cleaning services to the fracking equipment market. Chemoil Energy Services was founded in 2011 and is based in Oklahoma City, Oklahoma. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $250 million. Sverica looks to commit $25 to $75 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 27 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 9 of 9 |
| State: Pennsylvania M&A | 1 of 2 |
| Country: United States M&A | 21 of 23 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-29 |
Hirebotics
Nashville, Tennessee, United States Hirebotics is a cobot technology developer that designs and develops tools to improve the productivity, usability and affordability of collaborative robot systems. Hirebotics was founded in 2015 and is based in Nashville, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-22 |
First Stop Health
Chicago, Illinois, United States First Stop Health provides virtual healthcare services for the employer marketplace, including telemedicine and care navigation to members via phone, online video consultation, and iPhone and Android apps. First Stop Health was founded in 2011 and is based in Chicago, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
Timepiece Capital is a private investment firm that targets smaller company investments across the niche distribution, manufacturing, and service industries. Timepiece looks for businesses with $5 to $50 million of annual revenue and at least $1.25 million of operating cash flow. Timepiece will not invest in restaurants, real estate opportunities, or companies with a significant degree of technology risk. Timepiece Capital was formed in 2004 and is based in Scottsdale, Arizona.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector: Energy Services and Equipment M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 1 of 1 |
| State: Pennsylvania M&A | 2 of 2 |
| Country: United States M&A | 7 of 7 |
| Year: 2023 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-01 |
Vanderveer Industrial Plastics
Placentia, California, United States Vanderveer Industrial Plastics is a fabricator and distributor of thermoplastics and specialty plastic laminates serving a variety of industrial applications. Vanderveer Industrial Plastics was founded in 1951 and is based in Placentia, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 53 |
| Sector: Energy Services and Equipment M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 13 of 14 |
| State: Pennsylvania M&A | 4 of 4 |
| Country: United States M&A | 51 of 53 |
| Year: 2023 M&A | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-01 |
Vanderveer Industrial Plastics
Placentia, California, United States Vanderveer Industrial Plastics is a fabricator and distributor of thermoplastics and specialty plastic laminates serving a variety of industrial applications. Vanderveer Industrial Plastics was founded in 1951 and is based in Placentia, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-01 |
Alpine Bearing
Boston, Massachusetts, United States Alpine Bearing is a distributor of high precision ball bearings used in a broad array of applications and end markets, including aerospace defense, semiconductor, industrial, medical, robotics and automotive. Alpine Bearing is based in Boston, Massachusetts. |
Buy | - |
