M&A Deal Summary

Warburg Pincus Acquires Service Express

On August 15, 2024, private equity firm Warburg Pincus acquired information technology company Service Express from Harvest Partners

Acquisition Highlights
  • This is Warburg Pincus’ 43rd transaction in the Information Technology sector.
  • This is Warburg Pincus’ 236th transaction in the United States.
  • This is Warburg Pincus’ 2nd transaction in Michigan.
Investment Fate
  • Service Express merged with another company in 2025.

M&A Deal Summary

Date 2024-08-15
Target Service Express
Sector Information Technology
Buyer(s) Warburg Pincus
Sellers(s) Harvest Partners
Deal Type Secondary Buyout
Advisor(s) William Blair
J.P. Morgan Securities (Financial)
Kirkland & Ellis (Legal)

Target

Service Express

Grand Rapids, Michigan, United States
Service Express is a provider of third-party maintenance services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 480 of 492
Sector: Information Technology M&A 43 of 44
Type: Secondary Buyout M&A Deals 64 of 70
State: Michigan M&A 2 of 3
Country: United States M&A 236 of 241
Year: 2024 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Matera

Sao Paulo, Brazil

Matera provides instant payments, QR code, and digital ledger technology. Matera was founded in 1987 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-16 Ebco

Mumbai, India

Ebco manufactures furniture fittings and sells furniture fittings and architectural hardware under brands such as Ebco, Livsmart, and Worksmart through an extensive network of distributors that supply over 5,500 hardware retail outlets. Ebco was founded in 1963 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a Investment firm provides Private Equity and Structured Capital focused on buyout, growth capital, minority position, and non-control investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA). Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, marketing, building products and distribution companies valued between $100 and $1000 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 35 of 36
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 19 of 19
State: Michigan M&A 2 of 2
Country: United States M&A 31 of 32
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Road Safety Services

Omaha, Nebraska, United States

Road Safety Services is a provider of a diverse set of pavement marking and other road safety-related services. Road Safety Services was founded in 2017 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Alumni Staffing

Bridgewater, New Jersey, United States

Alumni Staffing provides high-quality locum tenens staffing solutions to healthcare facilities nationally. Alumni Staffing was founded in 2016 and is based in Bridgewater, New Jersey.

Buy -