Charter Capital Partners announced that its client, Unicoa, has been acquired by NEFCO, a premier specialty supply partner to the professional construction trades. The transaction was led by Mark Streekstra, Partner and Managing Director, Jenny Dakoske, Director, Justin Pinto, Vice President, Dylan Stenzinger, Analyst, and Mike Brown, Partner and Managing Director. “We are excited to […]
Unicoa Acquired by NEFCO Read More »
In Q4 2023, industrial services transaction count increased 10% quarter-over-quarter, adding to a quarter-over-quarter increase of 37% in Q3 2023. Comparing CY 2023 to CY 2022, transaction count increased 17% in 2023. This trend is in stark contrast to the broader M&A market, which has been trending down and to the right over the last
Industrial Services Update – Q4 2023 Read More »
The industrial services update for Q3 2023 shows that while the broader M&A market has slowed down, industrial services businesses continue to trade at healthy valuation levels. M&A volume in the third quarter demonstrated resilience in the face of rising interest rates and a tough macroeconomic backdrop, with total transaction count increasing 37.1% compared to
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Technology and digital services Q2 2023 saw a 15.3% decrease in IT Services sector deal volume, with 332 deals closed compared to 392 in Q1 2023. However, multiples rose as buyers targeted companies with innovative technology advancements which demand higher valuations. Continued buyer focus on growth buyout deal structures also bolstered valuations. Customer demand has
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M&A volume in the Industrial Services Update trended down month over month in Q2, but increased compared to Q2 2022, while transaction volume of 70 transactions in the quarter fell to its lowest count since Q2 2022. There has been a marked slowdown in platform acquisitions, with only four new platforms being acquired this quarter,
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The technology and digital services update for Q1 2023 shows deal volume within the IT Services sector improved in Q1, with a total of 392 deals; this is up 9.8% from the 357 deals closed in Q4 of 2022. This increase demonstrates the resilience of the IT Services industry despite headwinds in the lending environment.
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Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, is pleased to have represented Avon Machining in its acquisition by Auxo Investment Partners. Founded in 1974, Avon Machining is a Shelby Township, Michigan-based precision manufacturer of complex machining solutions, including high precision gears, transmission parts, bearings, housings, and axle shafts for the construction, mining, agriculture,
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Most of the readers of this industrial services update haven’t heard of a major bankruptcy in the industrial services market this quarter. This leads us to reflect on why, when M&A is slowing in other markets, buyers continue to pursue acquisitions in the industrial services space. Here’s just a few reasons, all of which are
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Deal volume in the consulting, technology, and digital services sector remained strong in Q4, despite a continued pullback in deal activity over the previous few quarters. 357 deals closed in Q4, which was down from the 405 deals that closed in Q3. The general trend in deal activity over the previous few quarters is likely
Technology and Digital Services Industry Update – Q4 2022 Read More »
As we look back on 2022, we want to express our gratitude for the many professional colleagues and investors who partnered with us on both our M&A deals and our private capital investment activities. We are thankful for each and every one of you and we look forward to what 2023 has in store.
Charter Capital Partners 2022 Year in Review Read More »
Bringing on two more equity partners gives Charter Capital Partners a deeper leadership bench to share management responsibilities as part of a long-term succession plan. Mike Palm and Mark Streekstra became partners at the Grand Rapids-based investment banking and M&A firm on Feb. 1. They joined President and Managing Partner John Kerschen, Managing Director Mike
Charter Capital Partners Adds Equity Partners as Part of Long-Term Succession Plan Read More »
Charter Capital Partners is excited to announce that Mike Palm, Managing Director, and Mark Streekstra, Managing Director, have been welcomed to Charter’s leadership team as equity partners. Both Mike and Mark have been invaluable to Charter’s success in recent years, and in their new roles they will continue to accelerate our company’s growth. Mike has
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