Zach Wiersma

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 »

Charter Capital Partners is proud to announce that our client, Merrill Technologies Group, has been acquired by Arlington Capital Partners, a Washington, D.C.-area private equity firm. The transaction was led by Charter team members Mike Brown, Partner and Managing Director, Zach Wiersma, Vice President, AJ Ebels, Vice President, and Keegan Ensing, Analyst. Merrill Technologies Group,

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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

Industrial Services Update – Q3 2023 Read More »

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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Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, announced that its client, Devana Solutions (Devana), has been acquired by RealTime Software Solutions (RealTime), a portfolio company of LLR Partners. An innovative cloud-based clinical trial software company that supports real-time collaboration between central research operations professionals and site-based clinicians, Devana serves patients in diverse communities.

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Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, announced that its client Burco has been acquired by Argosy Private Equity. Burco manufactures and supplies mirror glass and related products to various automotive and consumer markets across the United States and is an original equipment supplier to various specialty mirror head manufacturers. Headquartered in Grand

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Industrial Services Update

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

Industrial Services Update – Q1 2023 Read More »

2022 Year in Review

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 »

Industrial Services Q4 M&A Update

The market for industrial services businesses remains robust for sellers, with significant continued interest from buyers. Total M&A count in the industrial services market increased 6% year-over-year from Q4 2022 to 73 transactions. Facility and field services deal count continues to drive the market, while all other segments lagged. Of note, Q4 2022 was the

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Industrial Services M&A activity rebounded strongly in Q3 2022, increasing ~34% compared to Q2 2022 and ~36% compared to Q3 2021. With higher interest rates putting downward pressure on valuations, we are seeing increasing use of earnouts and other deferred compensation mechanics in transactions, and buyers and sellers seem to be comfortable using creative structures

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Overall industrial services M&A transaction count was down quarter-over-quarter, primarily driven by a slow in strategic buyers. However, hybrid buyers continue to drive significant M&A volume in the space. Many business owners that desire to sell their business and transition out of the business within a short time frame often find hybrids attractive as a

Industrial Services Industry Update – Q2 2022 Read More »

Although there are significant macroeconomic headwinds in the broader market, M&A in the industrial services space continues to remain strong. As price and wage inflation continues, there is a renewed focus on integrated facilities management platforms, which are able to increasingly realize scale and efficiencies.

Industrial Services Industry Update – Q1 2022 Read More »

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