Professional Services Acquisitions in 2017

Capital Square Partners (CSP) has acquired 100% of the holding company for Aegis from AGC Holdings (an Essar Global Fund portfolio company) for approximately US$300 million. The sale marks Essar's complete exit from the BPO business and will help retire group debt; CSP intends to work with Aegis management to grow its global footprint and capabilities.

Require Holdings, the portfolio company of L2 Capital, has acquired Service 1st Valuation and Settlement Services, Inc. as a wholly-owned subsidiary. The add-on expands Require's technology-enabled real estate transaction and valuation capabilities; terms were not disclosed.

Blackford Capital, a Grand Rapids-based private equity firm, announced its investment in Addison, Illinois-based Snowhite Textile and Furnishings (Snowhite Hospitality). The transaction (debt financed by West Suburban Bank) brings in industry veteran Greg Kadens as CEO while founder Dick Kapadia remains involved; Blackford intends to grow Snowhite's FF&E design, procurement, and project management capabilities for the hospitality market.