Zach Wiersma

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.

The number of industrial services transactions in a quarter rose to a new highwater mark in Q4 2021, with 69 transactions. The increase in transaction count was driven primarily by add-on acquisitions, with 43 acquisitions from private equity-backed buyers. We also observed a rise in M&A activity within the security, specialized equipment maintenance, and janitorial …

M&A Industrial Services Industry Update – Q4 2021 Read More »

Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, announced that its client, Advanced Service Solutions (Advanced), a portfolio company of BHMS Investments, LP (BHMS) has been acquired by Powerhouse Retail Services, LLC (Powerhouse), a portfolio company of Lincolnshire Management, Inc. (Lincolnshire). Founded by Jeff Tunis in 2007 and based in Hammonton, New Jersey, Advanced …

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The 200 industrial services transactions completed YTD represent a 40% increase over YTD 2020, with add-on acquisitions accounting for more than half the M&A activity in the space this year.

In Q1 2021, it almost seemed as if the M&A market had forgotten about the effect of the pandemic on financing markets and transaction risks. M&A continued at a blistering pace with 67 transactions in the quarter, compared to 62 in Q4 2020 (Q4 typically having the lion’s share of deals as shareholders seek to …

Industrial Services Industry Update – Q1 2021 Read More »

Many M&A transactions were put on hold in early 2020 as the pandemic increased uncertainty and dried up financing markets. However, the second half of 2020 marked a return to normal. In fact, many industrial services businesses saw increased interest in the M&A market, particularly in verticals such as janitorial services, HVAC services, food production …

Industrial Services Industry Update – Q4 2020 Read More »

New York City-based private equity firm ASGARD Partners & Co. has acquired a controlling interest in Angstrom Technology, a Grand Rapids company that designs, builds and maintains modular cleanrooms for clients in North America. M&A firm Charter Capital Partners in Grand Rapids represented Angstrom Technology in the transaction. Dickinson Wright PLLC served as legal advisor to Angstrom while McGuireWoods LLP in …

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