M&A Deal Summary

ZS Fund Acquires VPSI

On May 7, 2007, private equity firm ZS Fund acquired business services company VPSI for 44M USD

Acquisition Highlights
  • This is ZS Fund’s 2nd transaction in the Business Services sector.
  • This is ZS Fund’s largest (disclosed) transaction.
  • This is ZS Fund’s 5th transaction in the United States.
  • This is ZS Fund’s 1st transaction in Michigan.
Investment Fate
  • VPSI was sold to a financial buyer in 2010.

M&A Deal Summary

Date 2007-05-07
Target VPSI
Sector Business Services
Buyer(s) ZS Fund
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 44M USD
Advisor(s) EVE Partners LLC (Financial)

Target

VPSI

Troy, Michigan, United States
VPSI, Inc. is a largest provider of professionally-managed commuter vanpooling services. VPSI also provides passenger vehicle leasing services and transportation management and consulting services throughout the U.S. and Europe.

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Buyer(S) 1

Buyer

ZS Fund

New York, New York, United States

Category Private Equity Firm
Founded 1985
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ZS Fund L.P. is a private equity firm engaged in making long-term investments in established middle-market companies. The firm focuses on transactions that provide liquidity to business owners while enabling them to maintain a significant ownership stake and keep their company independent. ZS pursues privately-held, closely-held, or publicly-traded companies that have a high return on capital relative to industry peers. The firm targets companies with an annual operating profit of at least $4 million. ZS Fund L.P. was founded in 1985 and is based in New York City.


DEAL STATS #
Overall 5 of 12
Sector (Business Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 5
State (Michigan) 1 of 1
Country (United States) 5 of 12
Year (2007) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 American Reprographics

Walnut Creek, California, United States

American Reprographics Company (Fund IV) is the largest reprographics company in the U.S., providing document management services to the architectural, engineering and construction industries and to other industries that require sophisticated document management services. ARC operates 177 reprographics service centers in the United States and Canada. The company's common stock is publicly-traded under the symbol 'ARP.' The company is headquartered in Walnut Creek, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Transervice Logistics

Lake Success, New York, United States

Transervice Logistics is a National transportation services and third-party logistics company providing contract maintenance, full-service leasing, and contract carriage services for private trucking fleets. Transervice Logistics was founded in 1969 and is based in Lake Success, New York.

Buy -