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Sample Case Studies

eServices
eServices

eServices, Inc.


  • Natural gas management company that provides asset optimization, gas supply and risk management services to gas utilities, industrials, and producers in the Mid-Atlantic area;
  • Seare Marriott was instrumental in raising both the equity and sub-debt to fund the transaction;
  • The financial buyer was AP Capital and the sub-debt was provided by a syndicate of four mezzanine lenders; and
  • The Sellers remain heavily involved and have retained operational control of the business.
  
Bell Nursery, Inc.

Bell Nursery, Inc.


  • Specialty distributor and merchandiser of nursery products based in the Mid-Atlantic;
  • The financial buyer was Lindsay, Goldberg & Bessemer, a $5 billion private equity group in New York; and
  • The Sellers remain heavily involved and have retained operational control of the business.
  
Paramount Services

Paramount Services


  • Nationwide renovator of apartments, kitchens, and bathrooms for residential REIT clients;
  • In 2005 the Company had grown from three warehouses to eight warehouses year-over-year;
  • Transaction was a recapitalization with Goldman Sachs, Chicago Growth Partners and Falfurrias Capital and was completed in 99 days; and
  • CEO continued to retain operational control of the business.
  
A Waste Company

A Waste Company


  • Provide collection, recycling and disposal services to commercial and industrial customers in the Mid-Atlantic; and
  • The company was recapitalized by an undisclosed hedge fund.
   
A Waste Company

HSS Food Services


  • Healthcare food distributor providing outsourced cafeteria services to hospitals and nursing homes on a contractual basis;
  • Strategic buyer was Unidine, a company focused on food and dining management services for senior living communities, skilled nursing facilities, regional hospitals, and businesses;
  • Unidine purchased 100% of HSS in May of 2005; and
  • HSS received a valuation based on a revenue multiple of 1.0x, the same trading multiple of large public comparable companies.
   
A Waste Company

Premier Plantscapes


  • Interior and specialty exterior landscaping and holiday decor services in Maryland, Northern Virginia, and the District of Columbia;
  • The financial buyer was Lindsay, Goldberg & Bessemer, a $5 billion private equity group in New York; and
  • Premier sold 75% of the business and retained operational control.
   
A Waste Company

Amusement & Entertainment Assets

  • Amusement and entertainment assets located throughout the Mid-Atlantic; and
  • 100% of the business was sold to a financial buyer.