Gallant Capital Partners has acquired Quality Built, a national provider of third-party inspection services to the residential and commercial construction industries including single-family, multifamily and commercial construction.
Quality Built delivers its quality assurance services through a software platform and proprietary database that allows its customers – predominantly construction and insurance companies – to mitigate risk, limit construction defect claims, and analyze and track the progress of individual projects in real-time. The company, led by CEO Brian Kramer and President Beth Michaelis, was founded in 1994 and has headquarters in San Diego and Fort Lauderdale (www.qualitybuilt.com).
Gallant Capital makes control investments in lower middle market companies in the technology, industrials and business services sectors that have from $5 million to $25 million of EBITDA. The firm was founded in January 2018 by Jon Gimbel and Anthony Guagliano, both formerly with The Gores Group.
“We have been blown away by Quality Built’s management team and their strategic vision for the future of the business,” said Mr. Gimbel. “We see an enormous opportunity to leverage their industry-leading offering and national footprint to accelerate revenue growth. Our partnership will enable Quality Built to continue to expand its services and capabilities as we look to build a comprehensive quality assurance platform.”
“Quality Built represents an opportunity to partner with a leading player in a niche market with an outstanding team,” said Mr. Guagliano. “Brian and Beth bring decades of industry experience and have built an incredible business that we believe is clearly differentiated in the market. We look forward to supporting them with our operational resources and our flexible capital base to drive long-term growth, both organically and through strategic acquisitions.”
“We are excited to partner with Gallant as we enter into our next phase of growth,” said Mr. Kramer, who will continue to lead the company. “Our employees, customers and partners will all benefit from the capital, resources and experience that this partnership brings to Quality Built.”
Los Angeles-based Clear Capital Advisors (www.clearcapitaladvisors.com) was the financial advisor to Quality Built on this transaction.
Gallant Capital Partners is headquartered in Los Angeles (www.gallantcapital.com).
© 2019 Private Equity Professional | April 30, 2019
