IMB Partners Acquires Carr & Duff with Minority Investment from Gemspring Capital
March 15, 2022
IMB Partners has made a majority growth investment in Carr & Duff, a Huntingdon Valley, Pennsylvania-based specialty electrical construction contractor; the Duff family will remain involved and retain meaningful ownership. Gemspring Capital provided a strategic minority equity investment to support IMB's transaction, while MidCap Financial provided senior debt financing.
- Buyers
- IMB Partners, Gemspring Capital Management, LLC
- Targets
- Carr & Duff, Inc.
- Sellers
- Duff family (Bob, Eddie and Jack Duff)
- Industry
- Electrical Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Gemspring Capital Acquires Midland Industries
May 5, 2023
Industrial Services
Gemspring Capital Management affiliate has acquired Midland Industries, a Kansas City-based manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital sold a stake but retained a minority interest and coinvested alongside Gemspring; financial terms were not disclosed.
-
IMB Partners Invests in Farwest Corrosion Control Company
November 1, 2022
Industrial Services
IMB Partners, a middle-market private equity firm, made a strategic growth investment in Farwest Corrosion Control Company, a Downey, California-based cathodic protection and corrosion-control services and products provider. Stonehenge Capital Company provided a uni-tranche SBIC financing solution to support the transaction; Farwest will continue to be led by its existing management team as IMB helps expand its utility and infrastructure services capabilities.
-
Carr's Hill Capital Partners Recapitalizes Matthews Brothers Dredging
June 26, 2023
Industrial Services
Carr's Hill Capital Partners (CHP) has partnered with founders Shaw and Tom Matthews to recapitalize Matthews Brothers Dredging (MBD) and support the company's expansion across U.S. Gulf Coast markets. As part of the transaction, Declan Rushe was named CEO to lead growth of the marine infrastructure and mechanical dredging business, which is based in Pass Christian, Mississippi and provides recurring maintenance and capital dredging services.
-
IMB Partners Invests in Ashburn Consulting LLC
July 29, 2024
IT Services
IMB Partners completed a growth equity investment in Ashburn Consulting LLC, a Northern Virginia-based IT consulting firm that provides network engineering and cybersecurity services to federal, state and local government agencies as well as commercial clients. The minority growth investment is intended to support Ashburn’s continued expansion of capabilities and government contracting presence.
-
IMB Partners Makes Growth Investment in Ashburn Consulting
August 3, 2020
IT Services
IMB Partners completed a growth equity investment in Ashburn Consulting LLC on July 14, 2020, partnering with the Northern Virginia IT and cybersecurity firm to support its expansion. The investment expands IMB's presence in government IT services and will help Ashburn scale its network engineering, cybersecurity, and managed services for federal, state, local and commercial clients.
-
Arthur J. Gallagher & Co. Acquires Imbs Holdings, Inc.
April 2, 2025
Insurance
Arthur J. Gallagher & Co. (Gallagher) has acquired St. Louis-based Imbs Holdings, Inc., a retail insurance broker serving commercial and personal lines. Terms were not disclosed; Chris Imbs and his team will join Gallagher’s South Central retail property/casualty brokerage operations under Bret VanderVoort.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.