Sectors of interest include aerospace & defense auto & transportation business services consumer retail general industrial and media & telecom. RLJ Equity, the seller of Pro-Vac, acquired the company in December 2018 from Peninsula Capital Partners and Silver Peak Partners.īethesda, Maryland-headquartered RLJ Equity invests from $15 million to $40 million in companies valued between $50 million and $250 million. We also see significant opportunity to invest back into the business to further expand the company’s services and capabilities to even better serve its customers.” “We see enormous opportunity to leverage their industry-leading offering to accelerate revenue growth. “Pro-Vac’s services are clearly differentiated and essential to subsurface infrastructure within the Pacific Northwest region,” added Mr. With the buy of Pro-Vac, Gallant’s portfolio of companies expands to six including Valor Global, a provider of outsourced business processing services (May 2021) Aero Turbine, a provider of aircraft maintenance, repair and overhaul services (January 2019) Quality Built, a provider of tech-enabled third-party home and commercial inspection services (April 2019) National Freight, a provider of asset-light transportation and logistics services (November 2018) and Cassavant Machining, a manufacturer of commercial and military aircraft parts (February 2020). “We are very impressed with the business that management has built and look forward to supporting the company with our operational resources and flexible capital base to accelerate long-term growth, both organically and through strategic acquisitions.” “Pro-Vac represents an opportunity to partner with an outstanding management team with a proven track record of driving growth,” said Mr. The firm’s first fund closed at its hard cap and was substantially oversubscribed, exceeding its original target of $300 million. In July 2020, Gallant Capital held a final closing of its inaugural fund, Gallant Capital Partners I LP, with $378 million in capital commitments.
GALLANT CAPITAL PROFESSIONAL
The firm was founded in January 2018 by ex-Gores Group professionals Jon Gimbel and Anthony Guagliano and ex-OpenGate professional Desmond Nugent. Los Angeles-headquartered Gallant Capital makes control investments in technology, industrial and business services companies that have from $5 million to $25 million of EBITDA. The whole team at Pro-Vac is very excited about the future and the incredible opportunities that lie ahead for the company.” “Gallant’s collaborative approach, deep operational experience, and capital to fuel more investment in our people, equipment and services will allow us to better serve our customers’ evolving needs. “We are incredibly excited to further grow Pro-Vac with the support of Gallant,” said Mr. Pro-Vac, led by CEO Graham Gill, was founded in 2002 and is headquartered near Tacoma in Puyallup, Washington. Pro-Vac’s customers include contractors, municipalities, and utilities. Pro-Vac’s services include hydro excavation stormwater and sewer systems maintenance pipeline inspection, jetting, repair and grouting vacuum sweeping and other specialty services. Gallant Capital Partners has acquired Pro-Vac, a provider of below surface infrastructure services, from RLJ Equity Partners.
0 kommentar(er)
