M&A Deal Summary

Trivest Partners Acquires Epika Fleet Services

On January 9, 2019, private equity firm Trivest Partners acquired transportation company Epika Fleet Services

Acquisition Highlights
  • This is Trivest Partners’ 1st transaction in the Transportation sector.
  • This is Trivest Partners’ 48th transaction in the United States.
  • This is Trivest Partners’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2019-01-09
Target Epika Fleet Services
Sector Transportation
Buyer(s) Trivest Partners
Deal Type Consolidation

Target

Epika Fleet Services

Bloomington, Minnesota, United States
Epika Fleet Services is a network of mobile and in-shop preventative maintenance service centers focused on commercial fleets across the country. Epika brands include LubeZone, ProFleet, All-Star Truck Service, and Deaton Fleet Solutions. Epika currently has 11 quick service preventative maintenance locations in California, Texas, Oklahoma, and Georgia; five full-service repair and maintenance facilities, and 15 branch locations operating nearly 50 mobile service units in Texas, Georgia, North Carolina, South Carolina, Tennessee, and Mississippi. Epika Fleet Services was founded in 2016 and is based in Bloomington, Minnesota.

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Buyer(S) 1

Buyer

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 53 of 85
Sector (Transportation) 1 of 1
Type (Consolidation) 2 of 6
State (Minnesota) 2 of 2
Country (United States) 48 of 75
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Pelican Water Systems

DeLand, Florida, United States

Pelican Water Systems is a provider of branded home water treatment products including the NaturSoft line of salt-free water softeners, whole-house water filters, and iron removal systems. Pelican was founded in 2004 and is based in DeLand, Florida.

Sell $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 PCRK Group

Phoenix, Arizona, United States

PCRK Group is a franchisee within the Massage Envy franchise network, currently operating 88 locations across 11 states. Headquartered in Phoenix, Arizona and founded in 2002, the Massage Envy franchise is a provider of therapeutic massage and skincare services in North America. The company utilizes a monthly membership model that entitles members to one massage, skincare or stretch service per month, with discounted rates for additional services and products.

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