M&A Deal Summary

WestView Capital Partners Acquires Prime Electric

On July 30, 2021, private equity firm WestView Capital Partners acquired construction company Prime Electric

Acquisition Highlights
  • This is WestView Capital Partners’ 1st transaction in the Construction sector.
  • This is WestView Capital Partners’ 45th transaction in the United States.
  • This is WestView Capital Partners’ 2nd transaction in Washington.

M&A Deal Summary
Date 2021-07-30
Target Prime Electric
Sector Construction
Buyer(s) WestView Capital Partners
Deal Type Recapitalization
Advisor(s) BMO Capital Markets (Financial)
Karr Tuttle Campbell (Legal)

Target

Prime Electric

Bellevue, Washington, United States
Prime Electric provides specialty electrical services primarily to large non-residential clients across the technology, healthcare & biotech, public sector & education, industrial and commercial real estate sectors. With a footprint spanning the Pacific Northwest and California, the Company’s capabilities include electrical construction, electrical service & maintenance, underground & utilities services, and low voltage technology solutions. Prime Electric was founded in 1987 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 45 of 56
Sector (Construction) 1 of 1
Type (Recapitalization) 12 of 15
State (Washington) 2 of 2
Country (United States) 45 of 56
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 VC3

Columbia, South Carolina, United States

VC3 is a provider of managed IT hosting and support services primarily to the municipal government sector. The Company offers a full suite of managed IT solutions including private cloud hosting of industry specific applications, hosted desktops, hosted VoIP, fully managed networks and 24×7 help desk services. VC3 also develops website and web application solutions and software that enhance the automation and productivity of its clients business processes. VC3 was founded in 1994 and is based in Columbia, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Kymanox

Morrisville, North Carolina, United States

Kymanox offers comprehensive engineering, development, and compliance support to clients who bring important gene and cell therapies, combination products, biopharmaceuticals, and medical devices to market. Kymanox leverages its team of project management professionals, engineers, scientists, and regulatory experts to facilitate the development and commercialization of products with optimized safety, quality, efficacy, and accessibility and with the overall goal of getting safe and effective therapies to patients faster. Kymanox was founded in 2004 and is based in Morrisville, North Carolina.

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Mergr

Product

Company

Legal