M&A Deal Summary |
|
|---|---|
| Date | 2022-10-04 |
| Target | Enhanced Resource Centers |
| Sector | Business Services |
| Buyer(s) | TrueML |
| Sellers(s) |
RLJ Equity Partners
Fifth Street Capital Crescent Capital Group Brookside Capital Partners |
| Deal Type | Add-on Acquisition |
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TrueML is a software company developing machine learning-driven products that prioritize customer experience and revolutionize the experience of consumers seeking financial health. TrueML is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Business Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 850M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
RLJ Equity Partners LLC is a private equity firm focused on long term investments in North American middle-market companies. The Firm looks to invest $15 to $40 million per transaction in companies valued between $50 and $250 million. RLJ targets companies operating in the fields of aerospace/defense, auto/transportation, business services, consumer retail, media, and telecom. Types of transactions include corporate divestitures, buyouts, recapitalizations, growth equity, and add-on acquisitions. RLJ Equity Partners LLC was formed in 2006 and is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector (Business Services) | 1 of 2 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (Florida) | 1 of 1 |
| Country (United States) | 8 of 9 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-22 |
Pro-Vac
Puyallup, Washington, United States Pro-Vac is an environmental, infrastructure, and municipal services provider in the Pacific Northwest. Pro-Vac offers a comprehensive suite of essential support services to the infrastructure, municipal, and environmental markets, including hydro excavation, storm, and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental, and other specialty services. Pro-Vac was founded in 2002 and is based in Puyallup, Washington. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-21 |
Flow Service Partners
Mount Juliet, Tennessee, United States Flow Service Partners is a provider of essential services including heating, ventilation, air conditioning, and refrigeration ("HVACR") and plumbing services in Florida and Indiana. Flow Service Partners was founded in 2021 and is based in Mount Juliet, Tennessee. |
Sell | - |
Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 59 |
| Sector (Business Services) | 5 of 5 |
| Type (Add-on Acquisition) | 27 of 27 |
| State (Florida) | 3 of 3 |
| Country (United States) | 58 of 58 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-01 |
Vitalyst
Bala Cynwyd, Pennsylvania, United States Vitalyst is a provider of remote, desktop application software support services for Fortune 1000 Companies. The Company works in partnership with clients' IT departments as both a Help Desk support enhancement as well as a remote training department for desktop application software. Vitalyst was founded in 1992 and is based in Bala Cynwyd, Pennsylvania. |
Sell | $50M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 47 |
| Sector (Business Services) | 5 of 5 |
| Type (Add-on Acquisition) | 19 of 19 |
| State (Florida) | 4 of 4 |
| Country (United States) | 40 of 40 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-04 |
First Eagle
Boston, Massachusetts, United States First Eagle is an alternative credit investment manager for both direct lending and tradable credit investments through public and private vehicles, commingled funds including collateralized loan obligations, and separately managed accounts. First Eagle is based in Boston, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-13 |
D. van der Steen
Utrecht, Netherlands D. van der Steen is a provider of municipal asphalt maintenance in the region of Central Netherlands, North-Holland, and Limburg. D. van der Steen works as the main contractor on the basis of long-term maintenance contracts and is responsible for the annual maintenance of more than 10,000 kilometers of asphalt. D. van der Steen was founded in 1911 and is based in Utrecht, Netherlands. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 1.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 24 |
| Sector (Business Services) | 1 of 3 |
| Type (Add-on Acquisition) | 5 of 6 |
| State (Florida) | 2 of 3 |
| Country (United States) | 19 of 24 |
| Year (2022) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-21 |
FCA Packaging
Moline, Illinois, United States FCA Packaging is a provider of custom industrial packaging that includes wood, steel, corrugated and hybrid products, as well as expendable, reusable, and returnable solutions. FCA Packaging was founded in 1985 and is based in Moline, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-06 |
ToxStrategies
Asheville, North Carolina, United States ToxStrategies is a multidisciplinary scientific consulting firm specializing in toxicology, epidemiology, exposure sciences, industrial hygiene and safety, and regulatory compliance. ToxStrategies is based in Asheville, North Carolina. |
Buy | - |
