Private Equity Firm Financial Services

Caydan Capital Partners

Burlington, MA, United States

Formerly known as Asydan Capital Management, Asydan Capital Management LLC, Asydan Capital Management Partners

Private equity firm formed through the merger of Asydan Capital Management and Kestrel Merchant Partners, combining private equity and merchant banking capabilities for lower middle-market investments.

Tracked deals

3

3 tracked deals across 2020-2023.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

2 addon · 1 buyout

Caydan Capital Partners Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Caydan Capital Partners. 2 2020 1 2023

Supporting Data

Recent Transactions

  • Buyer
    Asydan Capital Management, LLC, Kestrel Merchant Partners
    Type
    Buyout

    Asydan Capital Management has merged with Kestrel Merchant Partners and will rebrand as Caydan Capital Partners. The merger combines private equity and merchant banking expertise to expand the firm’s capabilities in capital raising, strategic planning, and operational improvement while continuing to focus on lower middle market investments.

  • Buyer
    Crestone Services Group, LLC, Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management, Post Road Group
    Target
    Rilo Electric & Communications Construction, LLC (d/b/a RECC Wireless)
    Type
    Addon

    Crestone Services Group has acquired Rilo Electric & Communications Construction, LLC (d/b/a RECC Wireless). RECC Wireless will operate as a division of Crestone's A to Z Field Services and be led by founder Kevin Glynn, expanding Crestone’s turnkey tower construction and wireless maintenance capabilities to support 5G infrastructure. Crestone is a joint investment between Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management and Post Road Group.

  • Buyer
    Crestone Services Group, LLC, Diamond State Ventures, Banyan Investment Partners (Banyan Fund, L.P.), Asydan Capital Management, Post Road Group
    Target
    HDD Specialists, LLC, Underground Specialties, Inc.
    Seller
    Atkins family (seller of Underground Specialties, Inc.)
    Industry
    Construction
    Type
    Addon

    Crestone Services Group (a PE-backed utility services platform) acquired HDD Specialists, LLC and Underground Specialties, Inc. to expand its directional drilling and trenchless-utility capabilities ahead of increased 5G and utility-infrastructure work. The transactions fold Underground Specialties into Crestone's DrillTech division and retain HDDS leadership to grow crews and service offerings across power, gas and telecom markets.

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