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M&A Deal Summary

Wellspring Capital Management Acquires Pinnacle Service Brands

On January 1, 2024, private equity firm Wellspring Capital Management acquired consumer services company Pinnacle Service Brands

Acquisition Highlights
  • This is Wellspring Capital Management’s 3rd transaction in the Consumer Services sector.
  • This is Wellspring Capital Management’s 48th transaction in the United States.
  • This is Wellspring Capital Management’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2024-01-01
Target Pinnacle Service Brands
Sector Consumer Services
Buyer(s) Wellspring Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Pinnacle Service Brands

Rosemont, Illinois, United States
Pinnacle Service Brands is a Planet Fitness franchisee operating across three distinct regions including the Great Lakes, Mid-Central and Southeast. Pinnacle Service Brands was founded in 2010 and is based in Rosemont, Illinois.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 53 of 54
Sector: Consumer Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 16
State: Illinois M&A 3 of 3
Country: United States M&A 48 of 49
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Lucky Strike Entertainment

Sherman Oaks, California, United States

Lucky Strike Entertainment is an operator of entertainment venues featuring premium bowling lanes, handcrafted food, and spirits, occasional live music performances, a broad assortment of engaging, high-tech games and a one-of-a-kind atmosphere. Lucky Strike venues seek to combine the best attributes of dining, nightlife and interactive entertainment. Lucky Strike Entertainment was formed in 2003 and is based in Sherman Oaks, California.

Sell $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Airswift

Houston, Texas, United States

Airswift is a global workforce solutions provider specializing in temporary and permanent staffing for technology and engineering roles within the global energy sector. The Company offers a compelling value proposition by connecting scarce STEM talent with technical engineering projects in challenging environments. Airswift is based in Houston, Texas.

Sell -
Mergr

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