M&A Deal Summary

Trive Capital Acquires OWL Services

On February 2, 2021, private equity firm Trive Capital acquired business services company OWL Services

Acquisition Highlights
  • This is Trive Capital’s 3rd transaction in the Business Services sector.
  • This is Trive Capital’s 32nd transaction in the United States.
  • This is Trive Capital’s 3rd transaction in Michigan.

M&A Deal Summary
Date 2021-02-02
Target OWL Services
Sector Business Services
Buyer(s) Trive Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cowen Group, Inc. (Financial)

Target

OWL Services

Troy, Michigan, United States
OWL Services is an end-to-end equipment distributor and provider of installation, testing, inspection, maintenance, and repair services to fuel infrastructure and other customers across the Midwest. Oscar W. Larson Co. was founded in 1946 and headquartered in Troy, Michigan.

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Buyer(S) 1

Buyer

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 34 of 54
Sector (Business Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 15
State (Michigan) 3 of 3
Country (United States) 32 of 51
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 ParFab

Inola, Oklahoma, United States

ParFab is a provider of components and field services for heat and pressure-intensive applications related to the downstream energy infrastructure markets. ParFab focuses on steel fabrication, ASME coil welding, piping, refractory and industrial coatings services from its fabrication facility, and its field services division focuses on process heater erection, revamp / re-tubing, and other activities stemming from the downstream new capital and recurring maintenance cycles. ParFab was established in 2001 and is based in Inola, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 ColdTrack

Edison, New Jersey, United States

ColdTrack is a national All-in-one High-Pressure Processing (HPP), perishable E-Commerce fulfillment, cold & frozen storage, and 3PL under one roof. With three dedicated Hiperbaric HPP machines, NutriFresh Services can provide its Direct-to-Consumer customers with shelf life extension benefits, reduced waste, and improved product quality. ColdTrack was founded in 2014 and is headquartered in Edison, New Jersey.

Buy -
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