Sample Investment Banking Transactions
Pursant’s Investment Banking practice is pleased to announce that its client, Kelly Partners Group Holdings Limited (Kelly+Partners) has successfully completed their second US partnership with Southern California-based firm Neumeister & Associates, LLP, signifying a pivotal advancement in their international expansion efforts. View Press Release Here.
Pursant’s Investment Banking practice is pleased to announce that its client, CircleIT has been acquired by Smart Metals Recycling, operating Sprout. CircleIT, was founded in 2002 as a digital IT Asset Disposition (“ITAD”) provider with a core competency in secure data destruction. Sprout is a global provider of IT asset retirement solutions and a leader in the circulate economy supply chain. View Press Release Here.
Pursant’s Investment Banking practice is pleased to announce that it’s client Parkhurst NuVision (PNV), has formed a new joint venture partnership with NVISION Eye Centers. PNV was founded in 2013 by Dr. Gregory Parkhurst and today, is one of the largest and most respected ophthalmology practices in the US and recognized as one of the leaders in the field of vision correction surgery. NVISION is a national leader in eye care services with of over 100 locations and ambulatory surgery centers strategically positioned as partnerships and joint ventures in California, Arizona, Nevada, Oregon, Utah and Texas.
Pursant’s Investment Banking practice is pleased to announce that its client, Central States (Central States) Paving and Concrete, LLC has acquired Encore Pavement (Encore). Central States was formed in December 2021 to partner with PLM Paving and Concrete, based in southeast Wisconsin, and with future partner paving companies. It is backed by Grove Mountain Partners, an Atlanta-based private equity firm focused on specialty business services and home services companies. Headquartered in Wichita, Kansas, Encore is a full-service asphalt paving and concrete contractor providing milling, paving, sealcoating, asphalt repairs, and concrete construction and repairs to commercial, industrial and residential customers in the Midwest. Pursant acted as sole Merger & Acquisition advisor to Central States for the transaction. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that in August 2023, its client The Wireless Experience Group (“TWE”) was acquired by Alliance Mobile. TWE is a leading AT&T National Authorized Retailer in the Mid-Atlantic and Northeast regions. With the acquisition of TWE, Alliance Mobile is now the second largest AT&T National Authorized Retailer with over 300 stores across 21 states primarily in the Midwest, Mid-Atlantic, Northeast and Southeast regions. Alliance Mobile is backed by Centre Partners, a leading middle-market private equity firm focused on the consumer and healthcare sectors. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, Uncommon Chef has been acquired by Fabian Couture Group, LLC (FCG). FCG is a portfolio company of Dallas, Texas based Valesco Industries, a private equity firm that has been investing in private and family-owned businesses since 1993, with a focus on manufacturing, distribution and business-to-business services. Uncommon Chef is a brand known for its best-in-class quality of durable, comfortable and authentic culinary wear, delivered in the most-timely manner at the best possible price. The Company prides itself on being the premier brand of culinary apparel that goes beyond the ordinary regarding innovation, service, available stock, pricing and delivery. Uncommon Chef outfits tens of thousands of people on a daily basis across North, Central and South America as well as Europe. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, Central States Paving & Concrete Service Management Group Corporate Services (“Central States”) has acquired Sipes Asphalt & Concrete (“Sipes”). Sipes is Central States’ second acquisition and demonstrates Central States’ continued commitment to growing both organically and through thoughtful acquisitions with culturally aligned companies. Sipes provides Central States its entry into the growing Indianapolis market furthering Central States geographic expansion and position as the preferred paving provider across the Midwestern United States. Click the link below to view the full press release.
Pursant announced that its client, CRS Facility Services has sold its Northeast Business Unit to Pritchard Industries. Founded in 2000 and headquartered in New Jersey, CRS Facility Services is a leading provider of facility maintenance services in multiple states across the Northeast, Mid-Atlantic and Southeast regions of the United States. The Company’s Northeast Business Unit serves commercial office buildings throughout the Northeast US, providing full service janitorial, porter, mechanical maintenance and other specialized maintenance services. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, John B. Sanfilippo & Son, Inc. (JBSS) has acquired the Just the Cheese brand business from Specialty Cheese Company, Inc.
Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) is a processor, packager, marketer and distributor of nutand dried fruit-based products that are sold under the Company’s Fisher®, Orchard Valley Harvest®, Squirrel Brand® and Southern Style Nuts® brand names and under a variety of private brands. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, Security Services Holdings LLC (dba Protos Security or “Protos”) acquired Blue Star Security. Blue Star Security was Protos’s third acquisition this year further demonstrating Protos’s commitment to growing both organically and through acquisitions with culturally aligned companies. Protos is a portfolio company of Southfield Capital, a Connecticut based premier lower middle market private equity firm. Protos is a leading technology-enabled managed security services company offering security guarding, off-duty police, monitoring and device solutions for a wide spectrum of customers across North America. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, Service Management Group Corporate Services (“SMG”) acquired a full-service commercial cleaning service company (the “Acquired Company”). Headquartered in Connecticut, SMG was founded in 1924 and is a fourth-generation family-owned and operated business that started as a window washing company. Today SMG provides cleaning, janitorial and property maintenance services as well as security, training, background screening and investigation services. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, Atlantic Southern Paving and Sealcoating (“ASPS” or the “Company”) has acquired Superior Blacktop Services (“SBS”). ASPS was founded in 1992 and today is a premier national commercial paving maintenance and parking lot construction services company. The Company provides services throughout all 50 states and Puerto Rico to national retailers, hotels, restaurants and REITS. Services provided include asphalt paving, asphalt repairs, concrete work, crack sealing, drainage, pavement marking, sealcoating, signage, speed bumps, striping and ADA modifications. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, Atlantic Southern Paving and Sealcoating (“ASPS” or the “Company”) acquired C&T Paving, Inc. (“C&T”). ASPS was founded in 1992 and today is a premier national commercial paving maintenance and parking lot construction services company. The Company is headquartered in Fort Lauderdale, Florida and is run by the founder’s son, Michael J. Curry Jr. The Company provides services throughout all 50 states and Puerto Rico to national retailers, hotels, restaurants and REITS. Click the link below to view the full press release.
Pursant’s Investment Banking practice is pleased to announce that its client, B&T Building Services has acquired Rugby Commercial Cleaning. Headquartered in Bradford, PA, B&T Building Services is a family owned and operated commercial cleaning company that was founded in 1987. B&T provides full-service janitorial and floor care maintenance services to industrial facilities, commercial offices, medical institutions, and educational environments throughout Pennsylvania and New York. Click the link below to view the full press release.
Pursant announced that its client, Phoenix Ventures, LLC has acquired Big Bear Enterprises, Inc. Phoenix Ventures is an investment firm, headquartered in Ft. Lauderdale, FL, focused on acquiring industry leading businesses in the residential and commercial disaster restoration sector. Click the link below to view the full press release.
Pursant announced that its client, PM Music (the “Company”), has sold a controlling interest in the Company to 76T LLC. PM Music, based in the Chicago area, is the leading provider of high-quality band and orchestra instruments and services to thousands of students and hundreds of schools throughout the Chicagoland and surrounding areas. Click the link below to view the full press release.
Pursant announced that its client, IH Services, Inc., one of the largest and most respected facility services and staffing service providers in the United States with nearly 8,000 employees and in excess of USD$200 million in annual revenue has been acquired by the U.S. subsidiary of Montreal, Canada based GDI Integrated Facility Services Inc. GDI is a publicly traded (TSX: GDI) leading commercial facility services provider, offering a range of services in Canada and the United States. Click the link below to view the full press release.
Pursant announced that its client, BRAVO! Building Services and two other related companies, BRAVO! Facility Services and BRAVO! Innovative Solutions (together “BRAVO!”), has been acquired by California based Kellermeyer Bergensons Services, LLC (“KBS”). KBS is a portfolio company of Cerberus Capital Management, L.P., a global leader in alternative investing. Click the link below to view the full press release.
Pursant announced that its client, Atlantic Southern Paving and Sealcoating, a premier national commercial pavement maintenance and parking lot construction services company headquartered in Ft. Lauderdale, Florida has acquired Murphee Paving. Click the link below to view the full press release.
Pursant announced that its client, SPARKLE Maintenance, Inc., a professionally managed commercial cleaning company providing janitorial and custodial maintenance services has been acquired by Colorado based CCS Facility Services. SPARKLE is the largest contract cleaning service business headquartered in New Mexico and serves the most well-known blue chip customers throughout the state. Click the link below to view the full press release.
Pursant announced that its client, Vonachen Group, one of the largest privately owned janitorial service companies in the U.S. has acquired Clearwater Janitorial, LLC. Established in 1968, Peoria, IL based Vonachen Group has over 2,000 employees servicing hundreds of locations. They acquired Wisconsin based Clearwater Janitorial as part of their acquisitive growth strategy. Click the link below to view the full press release.
Pursant announced that its client, ARC Maintenance, Inc., providing professional janitorial and floor cleaning services to critical front and back-of-the-house areas of grocery and convenience stores has been acquired by Kleen-Tech Services Corporation. Based in Allentown, Pennsylvania since its founding in 1977, Arc has been operated by the same brothers throughout its existence. ARC’s footprint stretches across the Northeastern states of Pennsylvania, New Jersey, Maryland and Delaware, serving approximately 400 customer locations . Click the link below to view the full press release.
Pursant announced that its client, CECOP, a global independent buying group association serving opticians and optometrists across eight countries throughout Europe and Latin America has acquired The Alliance Buying Group (“ABG”), from Surgery Partners, Inc. which is a leading operator of surgical facilities and provider of ancillary services comprised of diagnostic laboratory, multi-specialty physician practices and anesthesia services. Click the link below to view the full press release.
Pursant announced that its client, Hennick & Company, a family office based in Toronto, Canada has sold its portfolio company, U.S. based National Facility Services (“NFS” or the “Company”), a leading provider of facility maintenance and janitorial services to the common areas of multi-family condominiums, homeowner associations, residential communities and commercial properties throughout the Southeast U.S. to Kleen-Tech Services Corporation. Click the link below to view the full press release.
Pursant announced that its client, CECOP, a global independent buying group association serving opticians and optometrists across eight countries throughout Europe and Latin America has acquired The Combine Buying Group (“CBG”). The acquisition demonstrates CECOP’s commitment to the U.S. market. CECOP plans to leverage proven strategies for success gleaned from nearly 25 years of growth in the independent optical market globally, plus market insights locally, to deliver unmatched value to members and partner suppliers across the U.S. Click the link below to view the full press release.
Pursant announced that its client, Teamwork Athletic Apparel (“TAA”), a recognized leader in on-demand sublimated product, utilizing a number of patented technologies to deliver sports apparel, activewear and fan gear garments faster than anyone in the industry has been acquired by Founder Sport Group (“FSG”). This is FSG’s fourth acquisition of a highly regarded producer of custom sports apparel, the other three being Badger Sport, Alleson Athletic and Garb Athletics. Click the link below to view the full press release.
Pursant announced that its client, Vonachen Group, a leading provider of building maintenance services to commercial, health care, industrial and educational facilities has acquired Kenway Janitor Service, a third-generation family-owned janitorial company headquartered in Louisville, Kentucky. Pursant served as the exclusive M&A advisor to Vonachen in connection with the acquisition. Click the link below to view the full press release.
Pursant announced that its client, Emmaculate Reflections, LLC was acquired by Kellermeyer Bergensons Services, Inc. (“KBS”) which is a leading provider of technology-enabled, integrated interior and exterior property services to more than 42,000 locations across commercial, industrial, retail, grocery and multi-site customers throughout North America. KBS is headquartered in Oceanside, California and is majority owned by GI Partners. Pursant, LLC acted as the sole Merger & Acquisition Advisor to Emmaculate Reflections, LLC. Click the link below to view the full press release.
Pursant announced that its client, Revolent Solutions Group was acquired by Service Group 360 (”SG360”). For over 25 years, SG360 has specialized in janitorial, facilities management and restoration services, primarily serving the commercial, industrial, educational and special use sectors in Kansas, Missouri, Arkansas and Tennessee. Pursant, LLC acted as the sole Merger & Acquisition Advisor to Revolent Solutions Group. Click the link below to view the full press release.
Pursant announced that its client, IH Services, Inc., an industry leading national provider of janitorial, facility maintenance, and security services based in Greenville, SC has been acquired MaintainIT Facility and Plant Services. Pursant, LLC acted as the sole Merger & Acquisition Advisor to IH Services, Inc. Click the link below to view the full press release.
Pursant announced that its client, Berthold Electric Power Services Co., Inc. (“BEPS”) an industry leader in providing preventative maintenance services, emergency on-call response problem solving and overhaul work for electrical power distribution equipment used by utility companies, government facilities, data centers and manufacturing businesses based across the Midwest and St. Louis facilities has been acquired by Circuit Breaker Sales Company, Inc. Pursant, LLC acted as the sole Merger & Acquisition Advisor to BEPS. Click the link below to view the full press release.
Pursant announced that its client, Centaur Building Services, Inc. (“Centaur”) an industry leading comprehensive janitorial services provider to high-profile facilities based in St. Louis, MO has been acquired by Paris, France based ATALIAN Global Services, Inc. Pursant, LLC acted as the sole Merger & Acquisition Advisor to Centaur. Click the link below to view the full press release.
Pursant announced that its client, Revolent Solutions Group (“Revolent”) an industry leading facility maintenance company based in Tampa, Florida has acquired Richmond, Virginia based Lenhorn Services, Inc. Pursant, LLC acted as the sole Merger & Acquisition Advisor to Revolent. Click the link below to view the full press release.
Pursant announced that its client, Revolent Solutions Group (“Revolent”) a leading facility solutions organization providing janitorial, landscape maintenance and design, and general building maintenance to commercial, financial, educational and other facilities has acquired Allstar Cleaning Services (“ACS”), a provider of janitorial services to the commercial office, manufacturing, educational, and healthcare facilities in central Florida. Pursant served as the exclusive M&A advisor to Revolent in connection with the acquisition of ACS. Click the link below to view the full press release.
Pursant announced that its client, Vonachen Group (“Vonachen”) a leading provider of building maintenance services to commercial, health care, industrial and educational facilities has acquired Specialty Services of Wisconsin (“SSWI”), a provider of similar services to facilities in the Madison, Wisconsin metropolitan area. Pursant served as the exclusive M&A advisor to Vonachen in connection with the acquisition of SSWI. Click the link below to view the full press release.
Pursant announced that its client, Savant Capital Management (“the Company”) achieved a major milestone by raising over $50 million plus additional future capital commitments. The new capital structure positions the Company to remain independent now and into the future. Pursant acted as the transaction advisor for Brent Brodeski, CEO and co-founder of the Company and Savant management. Click the link below to view the full press release.
Pursant announced that its client, IH Services, Inc. (“IHS”) a leading national provider of janitorial, security and other facility maintenance and staffing services has acquired A Services Group (“ASG”), a provider of similar services to businesses in industries including industrial/manufacturing, distribution, healthcare, commercial, and education serving. ASG joins six operating companies managed by IHS that serve clients in 24 states, with more than 7000 associates. Pursant served as the exclusive M&A advisor to IHS in connection with the acquisition and integration of ASG. Click the link below to view the full press release.
“Pursant came highly recommended to us by one of Pursant’s clients, and now, after the sale of X4, I understand why the recommendation was so strong. In addition to being very detail-oriented and extremely professional through the entire process, the Pursant team had incredible patience and accountability. The firm also helped maximize our valuation and, beyond business matters, assisted with legal items. It was an outstanding experience.” – Steve Braverman, Co-Founder and CEO, X4
“We selected Pursant because of its reputation for having the most insight into the BSC industry and its solid track record of successful strategic transactions. Pursant’s proactive, dedicated and seasoned team invested resources to understand our objectives, culture and the unique aspects of our operations. Through Pursant’s process, pre-screened buyers competed to acquire our business.” – Johnny Terrell, CEO of SG 360
“The Pursant Team was great to work with! Mark Herbick and his team helped identify a company that shares the same values and commitment we have to our employees and customers and bring the companies together.” – Matt Vonachen, President of VSI
“We selected Pursant after considering several alternatives. We knew we needed a proactive, dedicated and seasoned team to support our effort to sell our business. Pursant invested the time, energy and resources to understand our objectives and learn our business and operations. Pursant offered a differentiated approach with a disciplined process that challenged pre-screened buyers to compete for our business.” – Zack Montgomery, President & CEO of RBS
“Pursant invested the time, energy and resources to understand our objectives and learn our business and operations. Pursant offered a differentiated approach with a disciplined process that challenged pre-screened buyers to compete for our business.” – Dane Larsen, CEO of TriAir
“I also want to acknowledge the team at Pursant for diligently and professionally managing every aspect of the process.” – Perry Mandera of Custom
Pursant LLC acted as the sole Merger & Acquisition Advisor to MABM. Our firm managed a competitive bid process with a select group of buyers that stood to gain the most from acquiring MABM and executed every phase of the deal-cycle with precision.
Pursant LLC acted as the sole Merger & Acquisition Advisor to MABM. Our firm managed a competitive bid process with a select group of buyers that stood to gain the most from acquiring MABM and executed every phase of the deal-cycle with precision.
“We selected Pursant after interviewing several firms. The other firms all subscribed to a similar approach of establishing a price for our company and then offering it for sale to the world. Pursant offered a different approach with a disciplined process that challenged pre-screened buyers to compete for our business. The Pursant approach yielded a much higher sale price than discussed by the other firms. Rose Paving ultimately seemed to be the best buyer for DuraSeal and our hopes are that Rose and our exceptional DuraSeal employees prosper together for many years to come.” – Etta Strehle and Bruce Jones, Co-Owners, DuraSeal
“Mark Herbick and the Pursant team were instrumental in helping Taxaccord achieve this milestone. The Pursant team provided strategic and practical advice at every step which helped to simplify a very overwhelming process for a small business owner. Taxaccord arrived at the best possible fit and results with the help and guidance of Pursant.” – Angela Myers, Partner & CEO, Taxaccord
“Mark Herbick and the Pursant team were great to work with! We were fortunate to have Pursant as our advisor in this endeavor. The team’s diligence, determination, professionalism and intimate knowledge of both the Investment Banking and Building Services industries lead us to the perfect business acquisition for our company.” – Mark Horn, CEO, Kimco Services.
“The Pursant team was great to work with! Mark Herbick and his team did an excellent job identifying a company that shared the same family vision and values as Vonachen Services. When it came to structuring the deal, the Pursant team created an offering that met both organization’s objectives.” – Matt Vonachen, President, Vonachen Services, Inc.
“I can humbly state that without the Pursant team, I would not have fully recognized the value of my company and likely not have had such a successful sale.” – Andrew Newman, President, Laundryland.
“I am extremely proud to be able to include Laundryland within the CSC Service Works family of companies. I also want to thank the team at Pursant, which assisted Laundryland professionally and expeditiously throughout this transaction.” – Ramon Norniella, Chief Development Officer, CSC Service Works.
“We are very excited about our expansion into the document destruction business. We are looking forward to continuing the decade long tradition of On-Site supplying superior service at fair prices.” – Bryan Stokes, President of Quincy Recycle Inc.
Rabine’s acquisition of Sealco will allow Sealco to continue providing its asphalt maintenance services to customers in Colorado, Nebraska, and Wyoming along with the additional engineering and pavement maintenance services available through the Rabine Group.
The Rabine Group engaged Pursant, LLC to be their exclusive merger and acquisition advisor leading an acquisition strategy to dramatically expand the company. Pursant, LLC acted as the sole advisor to the transaction. Rabine completed the acquisition as part of an ongoing expansion plan that will extend their services into new regions within the United States.