M&A Deal Summary

Warburg Pincus Acquires Sweeping of America

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

Acquisition Highlights
  • This is Warburg Pincus’ 2nd transaction in the Environmental sector.
  • This is Warburg Pincus’ 199th transaction in the United States.
  • This is Warburg Pincus’ 7th transaction in Ohio.

M&A Deal Summary

Date 2020-11-03
Target Sweeping Corporation of America, Inc.
Sector Environmental
Buyer(s) Warburg Pincus
Sellers(s) Soundcore Capital Partners
Deal Type Secondary Buyout

Target

Sweeping Corporation of America, Inc.

Cleveland, Ohio, United States
website
Sweeping Corporation of America, Inc. 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 2017 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

website


Category Private Equity Firm
Founded 1966
PE ASSETS 89.0B USD
SizeMega
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 403 of 416
Sector (Environmental) 2 of 2
Type (Secondary Buyout) 51 of 55
State (Ohio) 7 of 7
Country (United States) 199 of 208
Year (2020) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Service Logic LLC

Charlotte, North Carolina, United States

Service Logic LLC is an independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and control systems. The Company's integrated services optimize energy efficiency, comfort, productivity, health, and safety for more than 25,000 clients nationwide and over 500 million square feet of commercial, industrial, and institutional real estate. 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

website


Category Private Equity Firm
Founded 2015
PE ASSETS 350M USD
SizeMiddle-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 1
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Custom Goods LLC

Carson, California, United States

Custom Goods LLC 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 is based in Carson, California.

Buy -