M&A Deal Summary

Vestar Capital Partners Acquires Stratus Unlimited

On July 7, 2021, private equity firm Vestar Capital Partners acquired business services company Stratus Unlimited from Arcapita

Acquisition Highlights
  • This is Vestar Capital Partners’ 4th transaction in the Business Services sector.
  • This is Vestar Capital Partners’ 67th transaction in the United States.
  • This is Vestar Capital Partners’ 4th transaction in Ohio.

M&A Deal Summary
Date 2021-07-07
Target Stratus Unlimited
Sector Business Services
Buyer(s) Vestar Capital Partners
Sellers(s) Arcapita
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
King & Spalding (Legal)

Target

Stratus Unlimited

Mentor, Ohio, United States
Stratus Unlimited is a provider of signage and lighting services to customers across the US through a highly-scalable, vendor-managed, and asset-light business model. Stratus Unlimited was founded in 1953 and is based in Mentor, Ohio.

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Buyer(S) 1

Buyer

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 83 of 86
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 14 of 14
State (Ohio) 4 of 4
Country (United States) 67 of 70
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 LERETA

Covina, California, United States

LERETA is a national tax service and flood hazard certification company focused on providing a full suite of national real estate tax services for residential and commercial loans, including automated online research and certification, tax bill processing, a suite of delinquent tax services, and customized tax outsourcing service programs. LERETA was formed in 1986 and is based in Covina, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 PetHonesty

Austin, Texas, United States

PetHonesty is a provider of pet supplements and products. The Company’s pet products are formulated to help address a range of common pet ailments, including mobility, digestion, and allergies, providing a healthy supplement to traditional pet diets. PetHonesty was founded in 2018 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.

DEAL STATS #
Overall 31 of 33
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 8 of 9
State (Ohio) 1 of 1
Country (United States) 21 of 23
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Clemson Lofts

Clemson, South Carolina, United States

Clemson Lofts is a 640-bed student housing property located approximately one mile away from Clemson University, the second-largest university in South Carolina and one of the top 30 public universities in the United States. Clemson Lofts is based in Clemson, South Carolina.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Nationwide Property & Appraisal Services

Voorhees, New Jersey, United States

Nationwide Property & Appraisal Services is an appraisal management company specializing in the management of appraisal and property valuation services for residential and commercial property lenders. Nationwide Property & Appraisal Services was founded in 2008 and is based in Voorhees, New Jersey.

Buy -
Mergr

Product

Company

Legal