Deals, Deals, Deals

Week of July 12th LMM Highlights

Deal-making has shown no signs of slowing down and continued at a frenzied pace this last week. Huron Capital recently announced an HVAC deal to help give the company a strong and growing presence in Texas. Meanwhile, Boyne Capital was active with an acquisition in the building materials space. It’s no secret that the restaurant industry suffered significant losses from the pandemic. Keep an eye on Mercato Partners who recently closed on a $100m Savory Fund II to focus on lower middle market restaurants. Lastly, keep reading below to see why evergreen funds are changing how allocators invest in the market.

This Week’s LMM Activity

Huron Capital's Pueblo Mechanical & Controls Expands Footprint with Texas Acquisition

Independent Sponsor, Sileo Capital, Acquires Excel Utility Contractors

HCAP Announces New Investment in 5th Kind - A Developer of Collaborative Media Solutions and Digital Toolsets for Hollywood's Top Studios

Boyne Capital Acquires Masters Lumber and Hardware

Validor Capital’s Portfolio Company, The Marwin Company, Acquires Manufacturer of Building Products

PE-Firm Havencrest Enters Hospice Space with Paradigm Health Investment

CORE Industrial Partners Portfolio Company TCG Legacy Acquires Co. in the Packing and Labeling Solutions for the Pharma Industry

Hastings Invests in Provider of Information Management Consulting Services for Gas and Electric Utilities

Kinzie Capital Partners Portfolio Company, Colony Display, Acquires a Point-of-Purchase Display Manufacturer

PE-backed Polished Metals Buys Architectural Metal Polishing

Sunbelt Waterproofing and Restoration Receives Growth Capital from Northaven and Concentric

Graycliff Partners Acquires Provider of Metal Finishing and Plating Services to the Semiconductor and Aerospace Industries

Platinum Equity Acquires Flooring Distributor Paramount Global Surfaces

LMM Fundraising

Avesi Partners Closes Initial Fund At $875 Million

Endeavour Capital Racks up $850m for Eighth Fund

Taurus Private Markets Raises $112 Million Debut Private Equity Fund

Mercato Partners Closes $100m Savory Fund II to Focus on Lower Middle Market Restaurants

Food For Thought

Minimizing the Escrow: Preparing a Business For Sale

Evergreen Funds are Changing How Allocators Invest

Steve Ressler @steveressler

Building a go-to market machine is tough & even harder when you are sub-scale. Here's 5 tips I consistently provide sub-scale start-ups & ETA entrepreneurs. A quick thread 🧵

Andrew Finn @finnscave

Young, early stage founder asked for any hiring thoughts - figured worth sharing with the twitter-verse if they can be helpful. 1a) Make people do the work they are going to do for you during the interview process.