PE Weekly: Dealmakers Focus on Home Care and Improvement
Kitchen cabinetry and lawn care among this week's M&A transactions
Though a quiet week, middle-market dealmakers focused on the home with recent deals including kitchen and bathroom cabinetry manufacturing as well as lawn care. Review the latest transactions below.
Platform Investments
HCI Equity Forms LawnPRO Partners Platform. HCI Equity partners, a lower middle-market private equity firm, has announced the formation of a lawn care services platform, LawnPRO Partners. The company provides lawn care treatment, tree and pest control services to residential customers.
Thompson Street Backs Arbitration Service Provider. Thompson Street Capital Providers, a middle-market private equity firm, has announced its investment in National Arbitration & Mediation. The company provides alternative dispute resolution services, including arbitration and mediation. The firm will drive growth for NAM through geographic expansion and the introduction of additional tech-enabled services.
Trivest Partners Invests in Restructuring and Financial Advisory Firm. Province, a restructuring and financial advisory firm, announced a strategic capital investment from Trivest Partners. According to a press release, the partnership will position Province to accelerate its growth plans and cement its position as a leading top-tier financial advisory and consulting platform with a diversified service offering.
Add-ons
Safety Plus Acquires Contractor Management Software Provider. Safety management software and services provider Safety Plus has acquired GoContractor, a provider of contractor management software. The deal follows a “significant” investment by growth capital provider LoneTree.
Exits
Amberjack Capital Partners Sells Portco Best Trash. Amberjack Capital, a lower middle-market PE firm focused on the industrial, infrastructure and environmental sectors, announced the sale of Best Trash, a municipal solid waste platform serving the Houston area, to H.I.G. Capital. During the course of Amberjack’s partnership with Best Trash, the company significantly expanded its operating area and customer base and now services over 450,000 homes, according to a press release.
GHK Exits Supreme Cabinetry Brands. GHK Capital Partners, a middle-market private equity firm, announced that it has completed the sale of Supreme Cabinetry Brands, a manufacturer of residential kitchen and bath cabinetry. The company was sold to publicly listed MasterBrand for $520 million in cash. GHK first acquired the company in 2019.
Palladium Equity Sells Trachte to nVent Electric. Palladium Equity Partners, a middle-market private equity firm, announced the sale of its majority stake in Trachte, an engineered protection and control buildings provider. Publicly listed nVent Electric acquired the assets for $695 million. Palladium Equity first invested in Trachte in 2020.
Fundraising
CCMP Raises $500 Million for Consumer, Industrials Investments. CCMP Growth Advisors, a middle-market private equity firm, announced the close of CCMP Capital Investors IV with more than $500 million in capital commitments. The firm focuses on the consumer and industrial sectors in North America.
Insights
Caro Investors Launches with Real Estate Private Credit Strategy. A new investment management company has launched with a focus on real estate private credit, according to a press release. Caro Investors Management debuted this week with a strategic partnership with global alternative asset management firm TPG. TPG NEXT will serve as the firm’s anchor investor and strategic partner to Caro.
Updated at 5 p.m. Central Time on July 18.
Middle Market Growth is produced by the Association for Corporate Growth. To learn more about the organization and how to become a member, visit www.acg.org.
