Caber Hill Announces the Sale of a Midwest Janitorial Company

October 17, 2018

For Immediate Release

Caber Hill Advisors announced today that it assisted in the sale of a Midwest janitorial company to Anchor Building Services, a Chicago-based janitorial services provider. Peter Holton led the transaction for Caber Hill.

Following the transaction, Tom Prybylo Jr., President of Anchor Building Services, commented that "The reputation and history of the seller was the main attraction for me in our partnership with the company. The owner and his family have built a wonderful business over the years and we are excited to continue the legacy going forward. The accounts the company has worked with over the years provides an avenue to continue to grow Anchor Building Services and to become one of the most dominant players in the Chicago market."

“Of the different possible buyers, I feel Peter Holton brought us the right fit for our multi-generational company," said the seller. "Tom, and his team at Anchor, are committed to allowing our operations staff to continue serving our clients, which provided me the comfort I needed to entrust him with our company, clients and employees.  It's a great way to move into retirement.“

The seller continued to say that “I thought I understood what was involved in offering my company for sale but was not prepared for the roller coaster ride of the preparation and process.  Peter and the entire Caber Hill Advisors team were a huge help in getting us ready for the sale process and guiding us through to a successful sale."

Transaction closed on September 7, 2018. Specific terms were not disclosed.

About Caber Hill Advisors

Caber Hill Advisors is committed to working with business owners so they can successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell their business or make an acquisition.

U.S. M&A Activity Remains Strong

M&A activity has remained strong in 2018. According to PitchBook, in the first half of the year U.S. private equity investors completed 2,247 deals that totaled a combined 263.9B in value, marking a 2% increase in volume and a 6% decrease in value compared to 1H 2017. The median buyout size is up 31% compared to last year, suggesting that the decrease in overall deal value reflects a lack of mega deals rather than a softening of valuations.

Overall, global M&A deal value rose by 64% compared to the first half of 2017, according to data from Thomson Reuters, although volume declined by roughly 10%. In the U.S., total deal value was up 79% but volume declined by 14%. This is largely due to a big increase in corporate acquisitions valued at $5B or higher, as private equity transactions only represented 8-10% of global M&A.

A few key trends suggest this white hot deal market is sustainable. First, corporations and private equity firms continue to sit on incredible levels of cash - private equity alone had amassed $1.8 trillion of dry powder by early 2018, according to a McKinsey report from earlier this year. Private equity firms also set new fundraising records in 2017, and although fundraising is down considerably thus far in 2018 there is no reason to believe PE firms will do anything but continue to invest at their current pace.

Finally, baby boomers dominate the ranks of business owners. Numerous sources estimate that baby boomers own between 59% and 67% of privately held companies in the United States, suggesting that several million companies will change ownership in the next 10-15 years. Further, a recent survey on business owner demographics reported that 32% of small business owners plan to sell their business in the next two years. 

When you pair an abundance of sellers with cash-rich, deal-hungry investors, deals are bound to happen. 

Eagle Tower Capital Acquires Specialty Sales

September 25, 2018 

For Immediate Release 

Caber Hill Advisors announced today that it assisted in the sale of Specialty Sales, Inc. to Eagle Tower Capital. Caber Hill acted as the exclusive sell-side advisor to Specialty Sales.  

Specialty Sales is a second-generation family business, founded in 1970 by Stewart Holmes and operated for over two decades by his daughter, Karen O’Donnell. The company is a wholesale distributor providing a complete package of hoses, tubing, couplings, fittings, clamps, valves, and related items to a broad range of industries including water treatment, agriculture, lawn care, greenhouses, beverage, fuel, and car wash. 

Craig Castelli, Caber Hill Founder and CEO, led the transaction. “Specialty Sales is the premier distributor of its kind in the Midwest,” said Mr. Castelli. “We are honored that Specialty Sales trusted Caber Hill with the important job of not only closing the transaction, but more importantly doing so with a buyer whose vision aligns so closely with that of the company and the O’Donnell family. We’re very excited for the new owners and are confident that they will carry on the Specialty Sales legacy indefinitely.” 

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Caber Hill Announces the Acquisition of a Midwest Audiology Practice

September 24, 2018

For Immediate Release

Caber Hill announced today that it assisted in the acquisition of a group of audiology and hearing aid clinics with offices in Indiana and Michigan. Caber Hill's client, who shall not be disclosed, is a strategic buyer operating over 60 offices in 5 states. The transaction closed on August 3, 2018, and specific deal terms were not announced.

About Caber Hill Advisors 

Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell a business or make an acquisition. 

Caber Hill Q2 Audiology Transaction Announcement

July 2, 2018

For Immediate Release

Caber Hill Advisors announced today that it assisted in the purchase and sale of three audiology practices in the second quarter. Details on each can be found below.

Illinois

Caber Hill assisted a buyer in acquiring a well-established audiology practice in the Chicago suburbs. The buyer had previously known the seller but determined that he required Caber Hill’s expertise in valuation, negotiation, and due diligence to consummate the deal. As with the other deals closed this quarter, terms were not disclosed. The transaction was led by Craig Castelli and closed on May 1.

Arkansas

Caber Hill assisted a strategic buyer in the acquisition of a 10-office practice in Arkansas. As with the Illinois transaction, the buyer sourced the opportunity on its own and then retained Caber Hill to support deal structuring and due diligence. Dave Ogurek led Caber Hill's efforts, and the transaction closed on May 25.

Massachusetts

Caber Hill advised the seller in the sale of her Boston-area audiology practice. The seller was looking for the right individual to carry on her legacy, and tasked Caber Hill with identifying an individual audiologist to whom she could transition the practice rather than selling to a corporate buyer. The transaction was led by Scott Myatt and closed on June 25.

About Caber Hill Advisors

Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell a business or make an acquisition.

Caber Hill Announces Three Audiology Transactions

April 6, 2018

For Immediate Release

Caber Hill Advisors announced today that it assisted in the purchase and sale of three audiology practices. Details on each transaction can be found below.

Michigan

The first transaction involved a 19-office group practice in Michigan. Caber Hill acted as the buy-side advisor to a strategic buyer. Scott Myatt, Caber Hill's Managing Director for Audiology, sourced the transaction, which closed on February 28.

South Carolina

Caber Hill advised the seller of a South Carolina audiology practice in her sale to a local buyer. The sale process involved several local and strategic buyers, ultimately being won by a local buyer who offered an attractive combination of purchase price and transition terms. The transaction was led by Scott Myatt and closed on March 1.

Illinois

Caber Hill advised the owner of an 8-office group practice in Illinois in its sale to a strategic buyer. The transaction was co-led by Scott Myatt and Craig Castelli, Caber Hill's CEO. It closed on March 13.

About Caber Hill Advisors

Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell a business or make an acquisition.

Caber Hill Announces the Acquisition of Kimmko Cleaning Solutions by 4M Building Solutions

February 17, 2018

For Immediate Release 

Caber Hill Advisors announced today that it advised 4M Building Solutions, headquartered in St. Louis, MO on structuring its new partnership with Kimmko Cleaning Solutions located in West Palm Beach, FL. 

“The Kimmko accounts fit perfectly into our current 4M footprint of operations and complement our strategic growth plan. 4M is proud to have all the outstanding Kimmko customers added to our 4M customer base. We look forward to creating value for all of our new customers with our unique systems and processes. We are excited to have Steven Mikolas join the 4M family and lead our sales efforts in Southeastern Florida,” said Tim Murch, CEO of 4M Building Solutions.

“For some time, I have been looking to partner with a janitorial firm and I am deeply grateful that Caber Hill Advisors found me. Tim Murch and his team are exactly what I was looking for. 4M Building Solutions has been around for decades and they are a proven company that not only takes care of their customers but their employees as well,” said Steve Mikolas, President of Kimmko Cleaning Solutions.

“Its very difficult to complete a transaction but Peter Holton and the Caber Hill team knows how to handle the process from start to finish,” said Murch. “We were impressed by how diligent, professional, and easy Caber Hill Advisors was to work with.” 

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