Pavement Maintenance Group has been acquired by Renovo Capital
LKCM Headwater Investments has sold Pavement Maintenance Group (PMG), one of its portfolio companies, to Renovo Capital.
PMG provides comprehensive solutions for the aftermarket repair, maintenance and enhancement of pavement and other specialty surfaces. The company manufactures and distributes sealcoat, crack sealant, pavement markings and traffic management products, as well as related equipment, tools and accessories via a unique one-stop shop model. PMG’s business includes franchise locations for SealMaster, the leading pavement maintenance solutions brand in the USA, together with selected proprietary solutions.
Renovo Capital is a Dallas, Texas-based middle-market private equity firm focused on control investments in technical businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives.
LKCM is a subsidiary of Luther King Capital Management, a Fort Worth, Texas-based investment firm with over US$27 billion in assets under management. The company has a long history of successfully scaling value-added distributors and other middle market platforms.
Oaklins TM Capital in the USA served as the exclusive financial advisor to PMG, a portfolio company of LKCM.
Prata med transaktionsteamet
Relaterade transaktioner
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Lär dig merLargest AIM IPO in the business support services sector over the past five years has been completed
MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.
Lär dig merChequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.
Lär dig mer