M&A Deal Summary

TZP Group Acquires Dwellworks

On May 30, 2018, private equity firm TZP Group acquired business services company Dwellworks from Summer Street Capital Partners and Glouston Capital Partners

Acquisition Highlights
  • This is TZP Group’s 3rd transaction in the Business Services sector.
  • This is TZP Group’s 25th transaction in the United States.
  • This is TZP Group’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2018-05-30
Target Dwellworks
Sector Business Services
Buyer(s) TZP Group
Sellers(s) Summer Street Capital Partners
Glouston Capital Partners
Deal Type Secondary Buyout

Target

Dwellworks

Cleveland, Ohio, United States
Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 27 of 45
Sector (Business Services) 3 of 7
Type (Secondary Buyout) 6 of 9
State (Ohio) 2 of 2
Country (United States) 25 of 42
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Triangle Home Fashions

East Brunswick, New Jersey, United States

Triangle Home Fashions is a designer, marketer, and distributor of home décor products to e‐commerce and brick and mortar retailers. The Company created the Lush Décor brand and offers bedding, pillows, window décor, bath décor, and kitchen décor products, representing over 2,300 SKUs. Triangle Home Fashions was formed in 2008 and based in East Brunswick, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Resolvion

Charlotte, North Carolina, United States

Resolvion is a provider of automotive asset recovery and repossession services and leverages a network of over 750 contracted and licensed repossession agents. Resolvion was established in 1996 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 2

SELLER

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 11 of 17
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 5
State (Ohio) 1 of 1
Country (United States) 10 of 16
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 Multisorb Technologies

Buffalo, New York, United States

Multisorb Technologies is a developer and manufacturer of sorbent and specialty products used in healthcare, food & beverage, electronics and industrial applications to protect the shelf or service life of a product. It's active packaging technology provides superior protection against moisture, odor, oxygen, and other gases by extending shelf life, enhancing product quality and preventing damage. Multisorb Technologies was founded in 1961 and is based in Buffalo, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Coastal Waste & Recycling

Boca Raton, Florida, United States

Coastal Waste & Recycling is a provider of solid waste collection, processing, and disposal services. Coastal Waste & Recycling was founded in 2017 and is based in Boca Raton, Florida.

Buy -
SELLER

Glouston Capital Partners

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 1994
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glouston Capital Partners is a private equity investment manager focused on managing fund of funds, acquiring secondary positions, and selectively co-investing in direct investments. Glouston Capital Partners was formerly known as Permal Capital Management. The Firm was originally established in 1994 and is headquartered in Boston.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Dwellworks

Cleveland, Ohio, United States

Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Buy -