M&A Deal Summary

Patriot Capital and White Peak Capital Acquire Expert Janitorial

On January 4, 2006, private equity firm Patriot Capital and merchant bank White Peak Capital acquired business services company Expert Janitorial from Snowbird Capital

Acquisition Highlights
  • This is Patriot Capital’s 1st and White Peak Capital’s 1st transaction in the Business Services sector.
  • This is Patriot Capital’s 9th and White Peak Capital’s 1st transaction in the United States.
  • This is Patriot Capital’s 2nd and White Peak Capital’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2006-01-04
Target Expert Janitorial
Sector Business Services
Buyer(s) Patriot Capital
White Peak Capital
Sellers(s) Snowbird Capital
Deal Type Secondary Buyout
Advisor(s) Everingham & Kerr (Financial)

Target

Expert Janitorial

Knoxville, Tennessee, United States
Expert Janitorial, Inc. is a commercial janitorial company, offers a range of facility maintenance services including full service floor maintenance, carpet cleaning, complete porter and janitorial services, high dusting, power washing, special event services, construction clean-up, temporary staffing and 24 hour emergency services.

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Buyer(S) 2

Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 9 of 112
Sector: Business Services M&A 1 of 13
Type: Secondary Buyout M&A Deals 1 of 15
State: Tennessee M&A 2 of 5
Country: United States M&A 9 of 112
Year: 2006 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Eagle Health Care

Philadelphia, Pennsylvania, United States

Eagle Health Care specializes in the selling and marketing of pneumatic compression pumps that are contract manufactured in the United States. This effort is targeted to certain physician groups for use by their patients suffering from various lymphedema, general edema, venous insufficiencies and open and post-surgical wounds. Eagle Health Care is the market leader in this sector of the healthcare market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-05 FutureHealth

Hunt Valley, Maryland, United States

FutureHealth Corp. is a population risk management company located in Hunt Valley, Maryland. The Company provides utilization, case, disease and maternity management, as well as a nurse advice and triage line. FutureHealth takes a comprehensive approach, which teaches patients to work with their physicians, comply with treatment plans and become active participants in their own healthcare.

Sell -
DESCRIPTION

White Peak Capital is a merchant bank focused on providing investment banking services as well as making control equity investments in management buyouts, recapitalizations, and growth capital financings for small and middle-market companies. Within its direct investment activity, White Peak targets businesses with $15 to $75 million in revenue and at least $3 million of EBITDA. Industries of interest include business/government services, consumer services, manufacturing, value-added distribution, and retail automotive. White Peak Capital is based in Tysons Corner, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Snowbird Capital

Reston, Virginia, United States

Category Mezzanine Finance Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Snowbird Capital is a private investment firm that provides mezzanine capital to smaller middle-market companies with revenues between $5 and $100 million, and cash flow of at least $500K. Snowbird looks to commit $1 to $5 million per transaction, and focuses on companies in a wide range of industries with a preference for businesses located in the US. Investment proceeds are typically used to support buyouts, 'redemption of inactive owners', generational transfers, recapitalizations, and growth financings. Snowbird will not invest in start-ups, real estate development, leasing companies, and foreign companies. Snowbird is located in Reston, Virginia and has an office in California.


DEAL STATS #
Overall 1 of 4
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-12 Fleet Management Solutions

San Luis Obispo, California, United States

Fleet Management Solutions, Inc. is a provider of complete solution for all your fleet management and tracking requirements. FMS Mobile Location Tracking Modules maintain continuous GPS location, direction and speed information and combine that with important vehicle data such as engine activity, idle and stop data.

Buy -