A&M CAPITAL PARTNERS | 12.20.19

Alvarez & Marsal Capital Closes €650 Million A&M Capital Europe, SCSp

Exceeds Original Fund Target of €400 million

Greenwich, CT | London, UK | December 20, 2019 – Alvarez & Marsal Capital (“AMC”), a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies, announced today that its third strategy, A&M Capital Europe, SCSp (“AMCE” or the “Fund”) held the final closing at its hard cap of €650 million, exceeding its original target of €400million.  AMC is strategically associated with Alvarez and Marsal (“A&M”), one of the largest operationally-focused consulting firms in the world.

AMCE Fund I will enable A&M Capital Europe to pursue attractive control oriented investments in middle-market European companies that are undergoing a management/ownership transition or can benefit from access to significant operational expertise in the areas of corporate carve-outs, pan-European consolidation, special situations or businesses requiring specific support to pursue long-term growth.

AMCE has a team of seventeen London based professionals from nine European countries.  The Fund is broadly sector agnostic with key focus areas in consumer, industrials and business services targeting controlling stakes in companies wIth EBITDA between €15 million and €50 million.  AMCE has already completed a number of significant transactions across Europe including the carve-out acquisition of the French sports and protective eyewear company Bollé Brands from Vista Outdoor Inc. and the add-on acquisition of the Californian eyewear brand SPY+.  In addition, AMCE has acquired a controlling interest in La Patria, a leading Italian provider of remote monitoring security surveillance systems.

The Fund attracted a balanced and strong investor base from Europe, the Middle East and North America, including strong demand from AMC’s diverse network of existing investors plus investors new to A&M Capital, including public pension funds, corporate plans, insurance companies, fund-of-funds, foundations, endowments and family offices.  In total, the General Partner and its related entities committed approximately €48 million to AMCE and comprise almost 7.5% of its committed capital.

“We are extremely pleased with the outcome of AMCE and are fortunate to count some of the largest and most sophisticated private equity investors from around the world as our partners in this new strategy”, said Mike Odrich, Managing Partner & Founder of AMC.  “AMCE Fund I provides us with the capital we need to execute our investment strategy throughout the economic cycle and across the European marketplace”, added Jack McCarthy, Managing Partner & Founder of AMC.  Commenting on the final close, Mark Kelly, Managing Partner, A&M Capital Europe, said:  “We are very pleased to have closed our first fund and are grateful for the strong support demonstrated by investors, which helped us to significantly exceed our original fund target. We will continue to accelerate the growth of our existing investment portfolio and we are highly active in pursuing new opportunities across Europe, leveraging the team’s extensive experience and expertise alongside A&M Capital’s global network.”

Evercore Partners and Stifel, Nicolaus & Company acted as fundraising advisors and Simpson Thacher & Bartlett LLP acted as legal advisor.

About A&M Capital Europe:

A&M Capital Europe with total assets under management of €650 million, is A&M Capital’s European middle-market investment strategy.  AMCE leverages a highly experienced team of investment professionals, together with Alvarez & Marsal’s 1,000 operating consultants across 19 European offices to bring pan-European operating capabilities and industry relationships to bear in the sourcing, due diligence and post-acquisition performance improvement of investment opportunities.  AMCE has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital:

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

About Alvarez & Marsal:

Alvarez & Marsal is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders. A&M has over 4,000 operating professionals and employees in 60 offices across North America, Europe, the Middle East, Asia and South America. A&M has expertise across all major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, amongst others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.

A&M CAPITAL PARTNERS | 11.01.19

Pritchard Acquires Majority Interest in Professional Management of Alabama

New York, NY – Pritchard Industries (“Pritchard”), a portfolio company of A&M Capital Partners II (“AMCP”), a middle-market private equity fund that is part of the Alvarez & Marsal Capital (“AMC”) platform, acquired Professional Management of Alabama, Inc. (“PMA”), a leading regional provider of janitorial services to commercial real estate and industrial clients.

Founded in 1987 headquartered in Birmingham, Alabama, PMA is a leading regional provider janitorial services throughout Birmingham, Montgomery and its surrounding areas.

PMA complements Pritchard by increasing its end-market expertise and scaling Pritchard’s existing Alabama market presence.  The combination furthers Pritchard’s medical and industrial expertise, is strategically located near Pritchard’s existing Birmingham operations and expands Pritchard’s Alabama coverage to Montgomery.

About Pritchard:
Pritchard Industries is a leading provider of facilities services, delivering a wide-range of janitorial and specialty services to approximately 300 million square feet of commercial office buildings, education and government facilities, sports/entertainment venues, medical complexes and industrial facilities.  Formed in 1986, Pritchard is headquartered in New York, NY, with operations across the United States. Pritchard employs a world class team of 7,000 union, non-union and seasonal employees, which have helped the Company achieve uninterrupted organic growth since inception.  The Company’s business segments include commercial janitorial services, sports and entertainment venue facilities services, metal and marble cleaning and restoration services, and building engineering and maintenance services.  More information on Pritchard can be found on the Company’s website, www.pritchardindustries.com.

About A&M Capital Partners:
A&M Capital Partners, with total assets under management of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America.  AMCP Fund I held its final close in 2014 with $600 million in capital commitments.  Between 2012 and 2020, AMCP Fund I invested in 32 companies to date across eight platforms.  Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments.  AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

A&M CAPITAL PARTNERS | 10.22.19

Leading Talent Solutions Provider ettain group Acquires Global Employment Solutions and Leidos’s Commercial EHR Consulting Business

Charlotte, NC – October 2019 – ettain group, a leading provider of talent solutions, announced today that it has acquired Global Employment Solutions (“GES”) and Leidos Inc.’s commercial Electronic Health Records (“EHR”) consulting business (“Leidos Health, LLC”).  In connection with the transactions, ettain group has received a new majority investment from Alvarez & Marsal Capital (“A&M Capital”).

Founded in 1996, ettain group has grown to employ more than 1,300 professionals nationwide with office locations in seven key markets, and a strategic focus on Information Technology, Healthcare IT and Digital Creative solutions.  Since 2014, ettain has been a portfolio company of NMS Capital (“NMS”).  NMS exited its ownership of ettain as part of the transactions.

“ettain group provides a highly attractive platform for investment in the IT staffing and solutions space,” said Michael Odrich, Managing Partner & Founder of A&M Capital. “The company’s strong leadership and proven results position ettain group well for future growth both organically and through additional M&A.”

“We believe that the combination of these three companies immediately creates a leader in the market with a focus on in-demand IT skills and solutions,” said Alex Nivelle, a Partner of A&M Capital.  “We are excited to partner with management to support the business in its next phase of growth and development.”

GES provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions.  GES employs over 1,500 professionals with office locations in 13 markets.  Since 2014, GES has been a portfolio company of TZP Group.  TZP and co-investors will retain a minority stake in the combined company.

Leidos Health, LLC was originally formed through the acquisitions of Vitalize Consulting Solutions and MaxIT Healthcare in 2011 and 2012, respectively, and is a market leading provider of EHR Implementation, Optimization and Go-Live services. The business has been carved out from Leidos Inc. and will be re-branded along with ettain group’s Healthcare IT practice as ettain health. Leidos Inc. retains a large Healthcare business that serves government and commercial customers.

The acquisitions will enable ettain group to further strengthen its national Healthcare IT capabilities and to grow its IT staffing presence in several strategic markets, including New York, NY, Denver, CO, and Chicago, IL. In addition, the firms’ talented teams, range of solutions and high-integrity cultures are a strong complement to ettain group’s vision to deliver an unparalleled level of quality and service.

“We’re extremely excited to join forces with these well-respected leaders in our industry,” said Trent Beekman, Chief Executive Officer of ettain group. “The Leidos Health business brings deep knowledge and comprehensive Healthcare IT advisory, implementation, optimization, and application management solutions. GES brings years of experience in IT and professional staffing and ranks among the largest U.S. staffing firms. The additional portfolios and strong client relationships will fuel the company forward into a new era of opportunity and result in a combined organization of more than 3,000 employees and consultants. Together, we look forward to continuing to enhance our capabilities, allowing us to drive our clients’ businesses forward and to positively impact the U.S. staffing industry landscape.”

A&M Capital was advised by SunTrust Robinson Humphrey and Kirkland & Ellis.  NMS was advised by Houlihan Lokey and Greenberg Traurig.  GES was advised by Houlihan Lokey, Brownstein Hyatt Farber Schreck, and Kirkland & Ellis.  Leidos Inc. was advised by Baird and Venable.

About ettain group

ettain group is a leading talent solutions firm that delivers Recruitment Services and Managed Services in three practice areas: IT, Healthcare IT, and Digital Creative. From discovery to execution, we help our clients successfully design, develop, and deliver critical technology and business initiatives, from providing individual resources, to staffing and managing critical programs and projects, to running entire recruitment processes. Founded in 1996, with nearly 1,300 employees and consultants currently at work, we offer opportunities across North America, with offices in Charlotte, Dallas, Minneapolis, Nashville, Raleigh, Washington, D.C., and Winston Salem. For more information, visit www.ettaingroup.com.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in assets under management across four funds and three investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. A&M Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making A&M Capital an attractive partner to management teams and business owners.  A&M Capital is headquartered in Greenwich, CT with offices in San Francisco, CA and London, England. For more information, visit www.www.a-mcapital.com.

Contact
Caroline Weitzel
VP People
cweitzel@ettaingroup.com
704-731-8023

A&M CAPITAL PARTNERS | 10.08.19

Brady Acquires Majority Interest in Massco

Las Vegas, NV – Brady Industries (“Brady”), a portfolio company of A&M Capital Partners II (“AMCP”), a middle-market private equity fund that is part of the Alvarez & Marsal Capital (”AMC”) platform, acquired MASSCO, Inc. (“MASSCO”), a leading regional distributor of janitorial, office and packaging supplies.

Founded in 1982 and headquartered in Wichita, Kansas, MASSCO has a tenured history as a solutions based janitorial, office and packing provider throughout Kansas, Missouri, Oklahoma and its surrounding areas.

MASSCO complements Brady by further diversifying its product mix, geographic footprint and end-market exposure.  The combination expands Brady into the attractive industrial packaging segment, is strategically located near Brady’s recent acquisition of Datek, and increases Brady’s distribution footprint into three new states.

About Brady:
Brady has been pioneering the way products and solutions are delivered to facility and foodservice professionals for more than 70 years.  At the heart of Brady’s operation is a community-minded culture driven by a workforce of more than 500 employees currently in 20 locations throughout Nevada, Utah, Arizona, Arkansas, Idaho, Kansas, Missouri, New Mexico, Oklahoma, Colorado, Maryland, California and Texas including its Las Vegas, Nevada headquarters.

Brady’s approach to partnership is unique by providing integrated customer support, expertise, technical support, and service across a full spectrum of customer needs including extensive facility offerings, complete dish machine and laundry machine service, equipment sales, rentals and service and foodservice supplies.  Brady provides these specialized solutions for customers in key commercial market segments including hospitality, education, healthcare, government, building service contractors and more.  More information on Brady can be found on the Company’s website, www.bradyindustries.com.

About A&M Capital Partners:
A&M Capital Partners, with total assets under management of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America.  AMCP Fund I held its final close in 2014 with $600 million in capital commitments.  Between 2012 and 2020, AMCP Fund I invested in 32 companies to date across eight platforms.  Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments.  AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

A&M CAPITAL PARTNERS | 10.02.19

A&M Capital Partners and Highview Capital Create GS Foods Group, A Merger of Gold Star Foods and Good Source Solutions

A&M Capital Partners (“AMCP”) has partnered with Highview Capital to facilitate the merger of Gold Star Foods, Inc (“Gold Star” or “the Company”), a leading specialized food distributor to K-12 schools, and Good Source Solutions, Inc. (“Good Source”), a specialized food distributor focused on the K-12 schools and corrections segments. The merger will create a new holding company called GS Foods Group (“GS Foods”) to be led by Sean Leer as the CEO.

The combination of Gold Star and Good Source will establish a new leader in specialized foodservice distribution for the K-12 schools, corrections and other segments requiring specialized products and services. GS Foods will focus on these segments with sales and marketing programs tailored to meet customer needs, ultimately working to ensure that more students and customers have access to healthy, delicious and high-quality meals each day. The combined company will have a national footprint with substantial market presence across the United States, serving over 8,000 customers nationwide.

The transaction will bring together two companies with sophisticated sales and marketing, procurement, distribution, logistics and service capabilities, creating a national platform serving these markets. Gold Star and Good Source will continue to operate under their current names and branding in the foodservice industry, and each will continue to be led by their current management teams, with Sean Leer and Rich Friedlen serving as Presidents of Gold Star and Good Source, respectively. This transaction will enable both Gold Star and Good Source to better deliver specialized products and services to meet their customers’ needs.

“The combination of Good Source and Gold Star will create a national leader in specialized food distribution, of which we are excited to build upon both through organic growth and future acquisition opportunities” said Jack McCarthy Jr., Managing Partner & Founder of Alvarez & Marsal Capital (“AMC”).

Kurt Kaull, Senior Partner said, “We are excited to invest behind the accomplished management teams and synergies associated with Good Source and Gold Star. Under the leadership of Sean Leer and alongside the merger integration capabilities of Alvarez & Marsal (“A&M”), GS Foods will be best-in-class and a leader in the food distribution industry.”

Sean Leer, President of Gold Star, said, “This is an exciting new chapter for our combined company and its employees, as well as the communities and school districts that we serve across the United States. Good Source is a like-minded partner with an exceptional management team and equally fierce commitment to providing safe, top-quality and sustainably sourced food. Combined, our companies will create an innovative platform to transform the supply system for school nutrition programs.”

Piper Jaffrey advised Gold Star on the transaction. Kirkland & Ellis LLP, Sidley Austin LLP and Alvarez & Marsal advised the buyer group.

About GS Foods

GS Foods Group is a family of specialized foodservice distribution companies. GS Foods uses its sophisticated network of facilities to provide trusted food distribution and product solutions to specialized foodservice segments, including education, corrections, non-profit, business & industry and healthcare. GS Foods’ independent subsidiaries, Good Source Solutions, Inc. and Gold Star Foods, Inc., collectively serve over 8,000 customers nationwide. GS Foods is a portfolio company of Alvarez & Marsal Capital Partners and Highview Capital LLC.

About Gold Star Foods, Inc.

Gold Star Foods, Inc. is a leading distributor of wholesome, fresh and nutritious foods to students in K-12 schools. Based in Ontario, CA with facilities and operations across the Southwest United States, Gold Star serves students in over 3,500 K-12 schools in more than 500 school districts. Gold Star is proud to have been recognized nationwide for their innovation and partnership with both the USDA and the School Nutrition Association.

About Good Source Solutions, Inc

Good Source Solutions, Inc. is a specialized food distributor with sophisticated procurement and logistical capabilities, serving a wide spectrum of value-focused end markets through a national network of facilities. Good Source’s products focus on center-of-plate with an offering that includes poultry, meats, pasta, fruits, vegetables, bakery items, beverages, appetizers, sides, and snacks. Additionally, the Company provides menu & recipe planning and value-added product enhancements addressing complex packaging, labeling, nutrition, and dietary requirements. Good Source serves thousands of public and private-sector customers in the education, corrections, food service, healthcare, and non-profit markets, among others.

About A&M Capital Partners

A&M Capital Partners, with total capital commitments of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America. AMCP Fund I held its final close in 2014 with $600 million in capital commitments. Between 2012 and 2019, AMCP Fund I invested in 29 companies to date across eight platforms. Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments. AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total capital commitments across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

About Alvarez & Marsal

Alvarez & Marsal is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders. A&M has ~4,000 operating professionals and employees in 59 offices across North America, Europe, the Middle East, Asia and South America. A&M has expertise across all major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, among others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.

A&M CAPITAL PARTNERS | 09.16.19

A&M Capital Europe and Bollé Brands Acquire SPY

Bollé Brands, a portfolio company of A&M Capital Europe (“AMCE”), a London based middle-market private equity firm managing €575 million of committed capital, has acquired SPY Inc (“SPY”), a designer and supplier of premium performance eyewear and helmets.

Founded in 1994 as a grassroots brand in Southern California, SPY designs, markets and distributes premium sunglasses, prescription eyewear, goggles and helmets. SPY, symbolized by the distinct “cross” logo, is a cutting-edge disruptive brand creating trendsetting products with a strong reputation for its high quality.

SPY is highly complementary to Bollé Brands in terms of brand proposition, channel mix and geographic presence. The combination will significantly bolster Bollé Brands’ scale in North America, will allow SPY to benefit from increased investment in product development and distribution, and will facilitate an international expansion of the SPY brand beyond its current footprint.

About Bollé Brands

Bollé Brands is a leading eyewear & head protection group that designs, markets and distributes sunglasses, goggles and protective helmets & eyewear under the Bollé, Bollé Safety, Cébé, Serengeti and H2Optix brands. The company was founded in France in 1888 and has developed a particular strength in the specialty markets of snow sports, water sports, cycling, running, tennis and premium sports lifestyle & fashion. Today, Bollé Brands products are distributed and worn all over the world and the company constantly refines its trademark combination of performance, fit, fashion and comfort, resulting in some of the most technologically advanced eyewear in the industry. Excellence in product innovation and creativity is at the heart of Bollé Brands’ strategy.

About A&M Capital Europe

A&M Capital Europe, with total capital commitments of €575 million, is Alvarez & Marsal Capital’s European middle-market investment strategy. AMCE leverages a highly experienced team of professionals, together with A&M Consulting’s 18 European offices to bring pan-European operating capabilities and industry relationships to bear in the sourcing, due diligence and post-acquisition monitoring and performance improvement of investment opportunities. AMCE has a strong and referenceable track record of serving as a trusted partner to founders and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital (“AMC”) is a multi-strategy private equity investment firm with over $3 billion in total capital commitments across three investment strategies. The firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally focused advisory firms in the world. AMC uniquely combines a focus on middle-market private equity investing, with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams and business owners.

A&M CAPITAL PARTNERS | 08.15.19

Alvarez & Marsal Capital Closes $1.2 Billion A&M Capital Partners Fund II

Exceeds Original Fund Target of $800 million

Greenwich, CT | August 15, 2019 – Alvarez & Marsal Capital (“AMC”), a multi-strategy private equity investment firm with over $3 billion in total capital commitments across four funds and three investment strategies, announced today that its flagship investment strategy focused on middle-market control transactions in North American held the final closing on A&M Capital Partners Fund II (“AMCP II” or “Fund II”) at its hard cap of $1.2 billion, exceeding its original target of $800 million.  AMC is strategically associated with Alvarez and Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world.

Fund II will enable A&M Capital Partners to continue pursuing investments in middle-market companies that are undergoing a management / ownership transition or can benefit from access to significant operational expertise in the areas of corporate carve-outs, consolidation strategies, special situations or businesses requiring specific operational issues or management needs.  AMCP II received strong demand from AMC’s diverse network of existing investors plus investors new to AMC, including public pension funds, corporate plans, insurance companies, fund-of-funds, foundations, endowments and family offices.  In total, the General Partner and its related entities committed approximately $90mm to AMCP II and comprise ~7.5% of it committed capital.

“We are extremely pleased with the outcome of AMCP II and are fortunate to count some of the largest and most sophisticated private equity investors as our partners.  Existing investors from AMCP I significantly increased their commitments to Fund II and we are excited to add several new prestigious limited partners to our partnership” said Mike Odrich, Managing Partner & Founder of AMC.  “AMCP II will provide us the capital we need to execute our investment strategy across the economic cycle.  Fund II is off to a terrific start with three investment platforms that include eight companies.  We look forward to continuing to partner with founders, corporates and management teams through bespoke transactions to create significant value for our stakeholders” added Jack McCarthy, Managing Partner & Founder of AMC.

Evercore Partners and Stifel, Nicolaus & Company acted as fundraising advisors and Simpson Thacher & Bartlett LLP acted as legal advisor.

About A&M Capital Partners:

A&M Capital Partners, with total capital commitments of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America.  AMCP Fund I held its final close in 2014 with $600 million in capital commitments.  Between 2012 and 2019, AMCP Fund I invested in 29 companies to date across eight platforms.  Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments.  AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital:

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total capital commitments across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

About Alvarez & Marsal:

A&M is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders.  A&M has ~4,000 operating professionals and employees in 59 offices across North America, Europe, the Middle East, Asia and South America.  A&M has expertise across all major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, among others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.

A&M CAPITAL PARTNERS | 08.07.19

Brady Acquires Majority Interest in Datek

Las Vegas, NV – Brady Industries (“Brady”), a portfolio company of A&M Capital Partners II (“AMCP”), a middle-market private equity fund that is part of the Alvarez & Marsal Capital (“AMC”) platform, acquired Datek, Inc. (“Datek”), a leading regional distributor of cleaning equipment and janitorial supplies.

Founded in 1976 and headquartered in North Little Rock, Arkansas, Datek has an exceptional reputation based on quality products and strong customer relationships throughout Arkansas and its surrounding areas.

Datek complements Brady by expanding its sales channels and diversifying its geographic footprint and end-market exposure.  The combination will improve Brady’s online sales channel by adding the sweepscrub.com and stockmycloset.com e-commerce platforms. Datek expands Brady’s footprint further East as well as increases its supplier network and diversifies its end-market exposure into the attractive long-term care, commercial real estate and education sectors.

About Brady:
Brady has been pioneering the way products and solutions are delivered to facility and foodservice professionals for more than 70 years.  At the heart of Brady’s operation is a community-minded culture driven by a workforce of more than 370 employees currently in 16 locations throughout Nevada, Utah, Arizona, Arkansas, Idaho, New Mexico, Colorado, Maryland, California and Texas including its Las Vegas, Nevada headquarters.

Brady’s approach to partnership is unique by providing integrated customer support, expertise, technical support, and service across a full spectrum of customer needs including extensive facility offerings, complete dish machine and laundry machine service, equipment sales, rentals and service and foodservice supplies.  Brady provides these specialized solutions for customers in key commercial market segments including hospitality, education, healthcare, government, building service contractors and more.  More information on Brady can be found on the Company’s website, www.bradyindustries.com.

About A&M Capital Partners:
A&M Capital Partners, with total assets under management of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America.  AMCP Fund I held its final close in 2014 with $600 million in capital commitments.  Between 2012 and 2020, AMCP Fund I invested in 32 companies to date across eight platforms.  Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments.  AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

A&M CAPITAL PARTNERS | 08.06.19

A&M Capital Europe Acquires La Patria

London, UK | August 2019 – A&M Capital Europe (“AMCE”), a London based middle-market private equity firm that is part of the Alvarez & Marsal Capital (“AMC”) platform, has acquired La Patria, a leading Italian provider of alarm and security surveillance services.

Founded in 1950, La Patria is a best-in-class alarm monitoring security firm which differentiates itself through its high value-add technology enabled alarm service, combined with rapid response manned patrolling intervention.  La Patria provides B2B (~80%) and B2C (~20%) security solutions to more than 12,000 clients across a wide range of end-markets throughout Italy.

Under AMCE’s ownership, La Patria intends to make targeted communication and technology investments to drive organic growth in the Italian B2B and B2C security segments, while also exploring partnership opportunities and acquisitions to create a market leader in remote monitoring services.  La Patria’s CEO Andrea Monti will continue to lead the business following the transfer of ownership.

About A&M Capital Europe:
A&M Capital Europe with total assets under management of €650 million, is Alvarez & Marsal Capital’s European middle-market investment strategy.  AMCE leverages a highly experienced team of investment professionals, together with Alvarez & Marsal’s (“A&M”) 1,100 operating consultants across 23 European offices to bring pan-European operating capabilities and industry relationships to bear in the sourcing, due diligence and post-acquisition performance improvement of investment opportunities.  AMCE has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.

About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

About Alvarez & Marsal:
Alvarez & Marsal is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders.  A&M has over 4,500 operating professionals and employees in 67 offices across North America, Europe, the Middle East, Asia and South America.  A&M has expertise across all major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, among others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.

A&M CAPITAL PARTNERS | 07.08.19

PatientCare EMS Solutions Acquires Empress Ambulance Service

July 2019 – PatientCare EMS Solutions (“PatientCare”) has acquired Empress Ambulance Service (“Empress”), a provider of emergency and non-emergency ambulance services including advanced life support (“ALS”) and basic life support (“BLS”) services to municipalities and hospital systems across New York’s Westchester County.  Additionally, Empress operates significant ambulance services in the Bronx and Manhattan boroughs, giving the organization a strong overall footprint in Greater New York.

Empress, owned and operated for more than 30 years by the Minerva family, is managed today by brothers Mike, Dan and Matt Minerva, as well as long-time colleague Jim O’Connor.  These experienced ambulance industry operators will continue to serve their established communities on a full-time basis with Empress and will leverage additional capital and technology resources available through PatientCare to expand critical ambulance services and mobile healthcare programs throughout its service area.

PatientCare plans to support Empress with best-in-class technology and resources to enhance financial back office, human resources and other critical functions.  Empress, which will continue to go to market under its current brand and operate from its Yonkers location, represents more than 500 employees who transport approximately 125,000 patients per year.  Empress represents a significant expansion of PatientCare’s portfolio of EMS operations in a variety of geographies, from Florida’s most densely populated county to growing Midwest cities.

About PatientCare:
PatientCare is a leading provider of ground-based 911 emergency ambulance services and other critical healthcare logistics solutions. Headquartered in Tyler, Texas, the company operates growing partnerships with representative customers in Florida, Texas, Indiana, California, South Dakota, Mississippi and New York.  PatientCare is responsible for transporting more than 350,000 patients annually and is committed to providing compassionate quality care and service built around the needs of the patients and communities in which it serves.

About Empress:
Since its inception in 1985, Empress has made a firm commitment to the development of emergency medical services and quality after care transportation in New York State.  Empress has concentrated its efforts towards providing state-of-the-art patient care in a personal and compassionate manner.  Empress is based in the City of Yonkers, New York and provides 911 emergency medical response to Yonkers with additional mutual aid response to neighboring communities.  Additionally, Empress has emergency and non-emergency response contracts throughout Westchester County with districts, hospitals, correctional institutions and private care facilities.