M&A Deal Summary

Svoboda Capital Partners Acquires Horwitz

On March 3, 2022, private equity firm Svoboda Capital Partners acquired business services company Horwitz

Acquisition Highlights
  • This is Svoboda Capital Partners’ 7th transaction in the Business Services sector.
  • This is Svoboda Capital Partners’ 43rd transaction in the United States.
  • This is Svoboda Capital Partners’ 4th transaction in Minnesota.

M&A Deal Summary
Date 2022-03-03
Target Horwitz
Sector Business Services
Buyer(s) Svoboda Capital Partners
Deal Type Recapitalization

Target

Horwitz

New Hope, Minnesota, United States
Horwitz operates as a multi-trade specialty mechanical and HVAC service provider. The Company provides engineering, installation, and ongoing support for the HVAC, plumbing, electrical, and building controls industry segments. Horwitz is differentiated by its deep in-house design/build engineering capabilities which supports the Company’s cross-disciplinary service offerings. Horwitz is based in New Hope, Minnesota.

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Buyer(S) 1

Buyer

Svoboda Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Svoboda Capital Partners is a private equity firm that seeks buyout, recapitalization, and growth capital investments in mid-sized companies with leading market positions, strong customer relationships, and high margins. Svoboda generally looks to invest up to $25 million in businesses generating sales of $10 to $100 million and EBITDA of $3 to $15 million. Sectors of interest include value-added distribution, business services, and consumer products. Svoboda Capital Partners was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 44 of 46
Sector (Business Services) 7 of 7
Type (Recapitalization) 8 of 9
State (Minnesota) 4 of 4
Country (United States) 43 of 45
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 The Variable

Winston-Salem, North Carolina, United States

The Variable operates as an end-to-end digital advertising agency and innovation consultancy. TVA’s capability set is comprehensive and includes brand and business strategy, in-house creative and content creation, social, production, media planning / buying, as well as measurement & optimization throughout the course of advertising campaigns. The Variable is based in Winston-Salem, North Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Bully Pulpit Interactive

Washington, District of Columbia, United States

Bully Pulpit Interactive is a marketing services and public affairs firm that specializes in digital advertising and media buying, content development, strategic consulting, and testing and digital analytics on behalf of corporations, trade associations, non-profit organizations, and political campaigns. Bully Pulpit Interactive was founded in 2009 and is based in Washington DC.

Sell -
Mergr

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