CapitalWorks Acquires Essco from Cardinal Equity Partners

White Cap Acquires ERSCO Construction Supply

October 14, 2024

Building Products

White Cap (White Cap Supply Holdings LLC) has acquired ERSCO Construction Supply, a Michigan-based distributor of concrete accessory products and paving supplies. ERSCO will be integrated into White Cap's suite of brands and branches to accelerate White Cap's growth in the Michigan market and expand its product offerings for professional contractors.

Wesco Group Acquires Capital Paint and Refinish, LLC

May 2, 2022

Automotive

Wesco Group, LLC has acquired Capital Paint and Refinish, LLC, a regional distributor of automotive paint and supplies with eleven locations across Texas, Louisiana and Colorado. The acquisition expands Wesco's nationwide footprint in the automotive refinish distribution market and brings Capital's team and customers into the Wesco organization.

Capital Partners Acquires Majority Stake in Universal Woods

March 15, 2019

Building Products

Capital Partners Private Equity Income Fund III, LP completed a majority-equity investment in Universal Woods on March 15, 2019, partnering with CEO and long-time shareholder Paul Neumann and management. The investment will provide Universal Woods — a Louisville-based manufacturer of hard-surface coated substrates for image sublimation and mezzanine decking — with additional resources to support growth, new product development and hiring; debt financing was provided by PNC.

CapitalWorks Acquires Majority Stake in Bancsource, Inc.

April 2, 2015

Financial Services

Cleveland private equity firm CapitalWorks, LLC has acquired a majority ownership stake in Bancsource, Inc., a Republic, Missouri-based provider of ATM and cash-cycle equipment sales and maintenance services to banks and retailers. CapitalWorks said it plans to invest in and grow Bancsource while Bancsource's existing leadership will remain active in management.

Valesco Acquires Express Home Services (Express Flooring)

November 27, 2019

Building Products

Valesco Fund II completed a majority buyout and control recapitalization of Express Home Services, LLC ("Express Flooring"), a Phoenix-based regional provider of residential and commercial flooring solutions. Co-investors on the transaction included Brookside Mezzanine Partners (providing subordinated debt and an equity co-investment), HighGrove Companies, Longhouse Partners and Express management; senior debt was provided by a bank investor in Valesco Fund II to support growth and geographic expansion.

Equity Group Investments Recapitalizes East Coast Warehouse & Distribution; Seacoast Capital Exits

February 3, 2022

Logistics & Distribution

Equity Group Investments has recapitalized East Coast Warehouse & Distribution (ECW), a temperature-controlled 3PL headquartered in Elizabeth, New Jersey, enabling Seacoast Capital to exit its non-control growth investment. Seacoast originally invested in 2018 (co-investing with Everside Capital Partners); terms of the recapitalization were not disclosed. ECW operates extensive refrigerated and ambient warehouse capacity and provides drayage, trucking, brokerage and customs exam services at major East Coast ports.