M&A Deal Summary

U.S. Dry Cleaning Services Acquires Zoots

On March 21, 2008, U.S. Dry Cleaning Services acquired consumer services company Zoots from Weston Presidio

Acquisition Highlights
  • This is U.S. Dry Cleaning Services’ 1st transaction in the Consumer Services sector.
  • This is U.S. Dry Cleaning Services’ 1st transaction in the United States.
  • This is U.S. Dry Cleaning Services’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2008-03-21
Target Zoots
Sector Consumer Services
Buyer(s) U.S. Dry Cleaning Services
Sellers(s) Weston Presidio
Deal Type Add-on Acquisition

Target

Zoots

Newton, Massachusetts, United States
Zoots is a chain of dry cleaning stores and delivery routes that offers greater convenience and improved service through centralized cleaning facilities, 24-hour access for drop-off and pick-up, e-mail notification of when orders are ready and larger more convenient store locations.

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Buyer(S) 1

Buyer

U.S. Dry Cleaning Services

Newport Beach, California, United States
Category Company
Sector Consumer Products
DESCRIPTION

U.S. Dry Cleaning Services Corporation, doing business as U.S. Dry Cleaning Corporation, operates retail laundry and dry cleaning stores in the United States

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Weston Presidio

Boston, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 24 of 52
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 11 of 23
State (Massachusetts) 2 of 4
Country (United States) 24 of 49
Year (2008) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Azul Linhas Aereas Brasileiras SA

Barueri, Brazil

Azul Linhas Aereas Brasileiras is a Brazilian low-cost airlines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 OptiGroup

Molndal, Sweden

OptiGroup is a distribution Group offering customised supply solutions to B2B customers. OptiGroup companies specialise in providing customers, primarily within cleaning & facility management, hotel & restaurant, healthcare, manufacturing industries and the graphical sector, with products and services that streamline operations and promote a more successful business. OptiGroup was founded in 1936 and is based in Molndal, Sweden.

Sell -
Mergr

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