Boyne Capital Partners has made an investment in Greenrise Technologies, a provider of infrastructure services – including design, component selection, installation and maintenance – for green roofs and outdoor landscapes.
According to the Greenrise, green roofs have a number of advantages when compared to empty and unused space including storm water runoff reduction, better insulation and roof life extension. Greenrise, led by CEO Ray Derbecker and COO Scott McGaughy, is headquartered near Nashville in Readyville, TN (www.greenrisetech.com).
Mr. Derbecker is the former President and CEO of Superior International Industries, a designer, manufacturer and distributor of playground and recreational equipment. Boyne and MCG Capital acquired Superior in 2006 from Trivest Partners and later sold the business to Pfingsten Partners in 2011.
“The Boyne team and Ray Derbecker have a long history of successfully working together, and we are honored to have the opportunity to join Ray and his team again,” said Derek McDowell, Boyne Managing Partner. “The green roof industry is expanding rapidly as public awareness grows regarding the environmental, social, and health benefits provided by green roofs.”
“Greenrise believes it’s found the ideal partner for the company’s next major growth phase,” said Mr. Derbecker. “Boyne has a long history of growing businesses alongside management, and we are excited to be teaming up with them. With this partnership, Greenrise has the capital partner to achieve its goal of becoming the leading provider of green roof systems and components in North America,”
Boyne makes investments in lower middle market companies that have revenues of less than $100 million and EBITDA of $2 million to $10 million. Sectors of interest include healthcare services, agriculture, consumer products, niche manufacturing, and business & financial services. In July 2017, Boyne closed its debut institutional fund, BCM Fund I LP, with $126 million of capital commitments, surpassing the original target of $100 million. Boyne was founded by Derek McDowell in 2006 and is headquartered in Miami (www.boynecapital.com).
© 2017 Private Equity Professional | August 28, 2017
Calera Capital has sold its portfolio company United Site Services (USS) to Platinum Equity. Calera acquired USS in August 2014 from GSO Capital Partners (Blackstone) and Angelo, Gordon & Co.
Calera Capital invests from $35 million to $200 million in companies with enterprise values from $100 million to $750 million. Sectors of interest include business services and specialty industrials. Calera was founded in 1991 and has offices in San Francisco and Boston (
Platinum Equity, the buyer of USS, invests in a range of industries including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, and telecommunications. The firm has completed nearly 185 acquisitions since its founding in 1995. Platinum is based in Beverly Hills with additional offices in New York and London (
“We look forward to our partnership with the USS management team to drive continued growth and help maximize performance throughout the business,” said Platinum Equity Partner Louis Samson. “The company has proven to be a strong platform on which to build and it will benefit from the additional M&A and operational resources our team brings to bear.”
Excellere Partners has made an investment in Biocare Medical, a provider of immunohistochemistry instrumentation and reagents that are used in the testing of biological tissue samples in order to detect cancer cells and infectious diseases. The investment in Biocare is the first platform investment for Excellere Capital Fund III LP.
Biocare’s customers include clinical and hospital laboratories, pharmaceutical companies, and biotechnology companies as well as academic, government, military, and other non-profit laboratories. The company, led by CEO Roy Paxton Yih, is headquartered near San Francisco in Pacheco, CA (
Excellere invests in middle-market companies with revenues ranging from $20 million to $150 million. Sectors of interest include healthcare services and products; energy, power and infrastructure services and products; industrial technology, specialty chemicals; and business services. The firm has $1.4 billion of capital under management and is based in Denver (
Genstar Capital has made an investment in PDI, a provider of enterprise resource planning software. TA Associates, which invested in PDI in 2016, will continue as a significant shareholder in the company.
Genstar invests from $50 million to $400 million in middle-market companies that have enterprise values from $50 million to $1 billion and EBITDAs greater than $15 million. The firm targets investments in the financial services, software, industrial technology, and healthcare industries. Genstar was founded in 1988 and is based in San Francisco (
“Genstar focuses on identifying market leaders in the software sector and we believe that PDI has established an unmatched presence in the market for more than 30 years,” said Eli Weiss, a Managing Director at Genstar. “Our added capital and resources in partnership with TA Associates will provide PDI with the means to further develop their technology and allow for strategic add-on acquisitions that we believe will meet the needs of a rapidly changing market. We look forward to working with the PDI management team and TA to help accelerate the company’s growth.”
“Since beginning our partnership with the PDI management team in May 2016, PDI has successfully executed against its growth strategy, rapidly accelerating topline revenue growth, delivering significant levels of product innovation and deepening its presence in international markets,” said Hythem El-Nazer, a Managing Director at TA. “PDI has accomplished a great deal in the last 15 months, and we believe that its future is bright.”
