M&A Deal Summary

Warburg Pincus Acquires Sweeping of America

On November 3, 2020, private equity firm Warburg Pincus acquired environmental company Sweeping of America from Soundcore Capital Partners

Acquisition Highlights
  • This is Warburg Pincus’ 2nd transaction in the Environmental sector.
  • This is Warburg Pincus’ 209th transaction in the United States.
  • This is Warburg Pincus’ 7th transaction in Ohio.

M&A Deal Summary
Date 2020-11-03
Target Sweeping of America
Sector Environmental
Buyer(s) Warburg Pincus
Sellers(s) Soundcore Capital Partners
Deal Type Secondary Buyout

Target

Sweeping of America

Cleveland, Ohio, United States
Sweeping Corporation of America is a power sweeping services company in the United States. SCA self-performs power sweeping for highways, streets, industrial and commercial applications for both private and government entities. Sweeping Corporation of America was formed in 1988 and is based in Cleveland, Ohio.

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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 430 of 482
Sector (Environmental) 2 of 3
Type (Secondary Buyout) 54 of 63
State (Ohio) 7 of 8
Country (United States) 209 of 237
Year (2020) 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Service Logic

Charlotte, North Carolina, United States

Service Logic is an independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and control systems. Service Logic was formed in 1945 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Rubicon Oilfield International

Houston, Texas, United States

Rubicon Oilfield International is an oilfield products and technical services company with operational headquarters in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Soundcore Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Soundcore Capital Partners is a private investment firm focused on making control investments in lower middle-market companies headquartered in the US or Canada. The Firm looks to be an active investor/partner and seeks platform opportunities with up to $15 million of EBITDA. Target transaction situations include ownership transitions, corporate carve-outs, and leveraged buyouts. Soundcore Capital Partners was formed in 2015 and is based in New York City.

DEAL STATS #
Overall 1 of 5
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Custom Goods

Carson, California, United States

Custom Goods is a 4PL provider of customized logistics solutions, including warehousing, transloading, drayage, value-added packaging & fulfillment services, and freight consolidation, to blue-chip commercial customers throughout the United States. Custom Goods was founded in 1962 and is based in Carson, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Roofing Corp of America

Atlanta, Georgia, United States

Roofing Corp of America is a commercial roofing enterprise serving customers throughout North America. Roofing Corp delivers a wide range of end-to-end roofing services, including re-roofing, repair and maintenance, and new roof installations, to building owners, property and facility managers, homeowners’ associations, and general contractors. Roofing Corp of America is based in Atlanta, Georgia.

Buy -
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