M&A Deal Summary

Tradesmen International Acquires Construction Labor Contractors

On January 22, 2018, Tradesmen International acquired staffing company Construction Labor Contractors from Silver Oak Services Partners

Acquisition Highlights
  • This is Tradesmen International’s 1st transaction in the Staffing sector.
  • This is Tradesmen International’s 1st transaction in the United States.
  • This is Tradesmen International’s 1st transaction in Ohio.

M&A Deal Summary
Date 2018-01-22
Target Construction Labor Contractors
Sector Staffing
Buyer(s) Tradesmen International
Sellers(s) Silver Oak Services Partners
Deal Type Add-on Acquisition

Target

Construction Labor Contractors

Richfield, Ohio, United States
Construction Labor Contractors is a provider of temporary staffing of skilled tradesmen for the commercial construction market. CLC operates 19 locations and serves clients in all 50 states.

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Buyer(S) 1

Buyer

Tradesmen International

Macedonia, Ohio, United States
Category Company
Founded 1992
Sector Staffing
DESCRIPTION

Tradesmen International is a provider of contingent skilled craftsmen to commercial construction and industrial contractor customers across 93 offices in 39 states and Canada. Tradesmen International was formed in 1992 and is based in Macedonia, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.

DEAL STATS #
Overall 18 of 24
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (Ohio) 1 of 1
Country (United States) 18 of 24
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Caring People

Bronx, New York, United States

Caring People is an operator of CHAP-accredited home healthcare agency that offers hourly companion care, live-in care, and skilled nursing services to seniors from its branch locations in the Northeast and Florida. Caring People was founded in 1998 and is based in Bronx, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-27 Tranzonic Companies

Knoxville, Tennessee, United States

Tranzonic Companies is a manufacturer and distributor of consumable personal care, cleaning, and MRO products sold to over 30,000 industrial, commercial, institutional, and medical customers. Primary products include wipers, adult incontinence, personal hygiene, and related products with generic and private label brands. The Tranzonic Companies was established in 1933 and is based in Knoxville, Tennessee.

Sell -
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