Monogram Capital Partners and Halmos Capital Partners have acquired a majority interest in The Vasco Group, a sports surfaces company. The buy of Vasco is Monogram’s second platform investment for its third fund.
The Vasco Group is a provider of sports surfacing services including construction, resurfacing, and maintenance of athletic fields and courts used by K–12 schools, universities, municipalities, homeowner associations, and professional athletic organizations.
The company’s capabilities include asphalt and synthetic turf surfacing, track and tennis court installations, and maintenance. In addition to its own employees, Vasco also utilizes American Sports Builders Association (ASBA)-certified builders.
Vasco, led by CEO Matt Savage and COO Glen Maurer, was founded in 1967 and is headquartered south of Akron in Massillon, Ohio, with an additional facility in Florida where it operates under the Nidy Sports Construction brand.
“We are thrilled to partner with the Vasco management team on their next wave of growth and expansion leveraging the phenomenal service culture and technical capabilities they’ve built to bring Vasco’s leading sports service practice to new markets across the country,” said Jared Stein, a co-founder and partner at Monogram. “We specialize in businesses that have developed unique know-how in a difficult service trade and that can further cement their advantage through extending best practice across systems, people and processes at scale. Vasco and Nidy are a paramount example of this coupled with a sports surfaces landscape that is incredibly fragmented.”
“Matt, Glen, Zach, and their team have established Vasco and Nidy as leaders in the sports surfaces industry, driven by an unwavering commitment to quality and customer service over the past two decades,” said Daniel Adan, a partner at Halmos Capital. “We look forward to supporting the Vasco and Nidy teams to extend their best-in-class expertise into new and adjacent markets nationwide.”
Halmos invests in North American lower middle market businesses that have revenues of $10 million to $100 million and EBITDA of $2 million to $30 million. The firm was founded by Andrew Cohan in 2010 and is headquartered in Coral Gables, Florida.
“Matt, Glen, Zach, and team are excellent operators who have built incredibly trusted relationships with their customers as evidenced by their extremely high repeat rates and long-term retention behavior,” concluded Mr. Stein. “We look forward to building upon this mission driven service culture and technical expertise to extend our services to many new markets in the years ahead.”
“We are excited about locking arms with Monogram and Halmos as our preferred partners given their track records working with closely held businesses and multi-unit platforms alongside the deep operational best practices they bring to bear,” said Mr. Savage. “Together, we will build upon the strong foundation that the existing team has worked hard to establish in order to take the company to new heights and further amplify our market leading position both in Ohio and Florida, as well as new markets we develop and acquire.”
Monogram invests up to $75 million of equity in companies with revenues of $5 million to $250 million. Sectors of interest include food and beverage, beauty and personal care, pet products, manufacturing, and multi-location businesses. Monogram was founded in 2014 and is headquartered in Beverly Hills, California.
Debt financing for the Vasco acquisition was provided by Deerpath Capital.
© 2025 Private Equity Professional | April 18, 2025
