Oct. 12, 2022: Trivest-Backed HighGround Acquires Restoration Services Business
Plus, recent investment activity by One Equity Partners and Jacmel Growth Partners
Read the top headlines from Wednesday, October 12, 2022 below:
Trivest-Backed HighGround Acquires California-Based Restoration Services Business
Trivest Partners portfolio company HighGround Restoration Group, whose family of local brands provide restoration services across the U.S., has acquired Same Day Restoration, according to a press release. Same Day, which has offices in San Diego and Orange County, California, partners with homeowners, commercial property managers and insurance agents to provide water, fire, mold and abatement services, along with mitigation, restoration and reconstruction services.
“We are pleased to partner with Same Day Restoration. They are a clear leader in terms of delivering outstanding restoration services to residential and commercial customers in Southern California. Same Day is an excellent fit with the existing HighGround family of brands and provides an attractive opportunity to extend our platform’s reach to the West Coast,” said Reid Callaway, principal with Trivest, in the press release.
One Equity Agrees to Acquire Infrastructure Services and Engineering Business
One Equity Partners, a middle-market private equity firm, announced in a press release that it has agreed to acquire U.K.-headquartered engineering consultancy and infrastructure services provider Amey, a top-five contractor to the U.K.’s government and public sector, with a 100-year history in engineering design, construction, maintenance and project management of critical national infrastructure assets. Buckthorn Partners, a U.K.-based investment firm, will partner with OEP in this transaction, which is expected to close in 2022, subject to customary closing conditions.
Jacmel Growth Partners Invests in IT Solutions Provider
Jacmel Growth Partners, a minority-owned, private investment firm focused on working with midsize companies, announced in a press release that it recently invested in Virtual Technologies Group (VTG), a leading IT, security and cloud services firm providing customized solutions for small to medium-sized companies. Strategic capital from Jacmel will support VTG, as well as Comm-Core, a division of VTG focused on providing cloud-based solutions for security, surveillance and telecommunications, as it aims to grow the company’s service capabilities.