Silver Oak Services Partners has led the recapitalization of Butler Burgher Group in partnership with founder and CEO Diane Butler and other members of the company’s senior management team.
Butler Burgher Group (BBG) is a national provider of commercial real estate appraisals, appraisal management services, environmental and property assessments. Customers of BBG are typically real estate owners and financing institutions. BBG operates from 21 office locations and has the ability to provide its services in all fifty states. The company was founded in 1992 and is headquartered in Dallas (www.bbgres.com).
Silver Oak believes commercial real estate appraisal services is an attractive sector, with similar market dynamics to other fee-based financial services sectors in which the firm has previously invested. “We are very excited to partner with Diane Butler and the rest of the team at BBG. The company has a successful track record and a strong reputation in the market,” said Greg Barr, Managing Partner at Silver Oak. “We believe BBG is poised for significant growth following several new office openings and a recent acquisition, each expanding the company’s geographic presence and capabilities.”
Silver Oak makes control investments of $10 million to $30 million in companies with revenues from $15 million to $150 million and EBITDAs from $3 million to $20 million. Sectors of interest include business services, healthcare services, and consumer services. Silver Oak is based in the Chicago suburb of Evanston (www.silveroaksp.com).
“We are excited about our partnership with Silver Oak, which provides the additional capital resources and expertise we need to continue building the leading, independent appraisal services firm in the market,” said Ms. Butler.
Deloitte Corporate Finance was the financial advisor to BBG.
© 2015 PEPD • Private Equity’s Leading News Magazine • 8-5-15
