Deal Details
Allstar Is Acquired by MSCP
Summary
Allstar Services (“Allstar” or “the Company”), a portfolio company of VantEdge Partners, has been acquired by Morgan Stanley Capital Partners (“MSCP”). Terms of the transaction were not disclosed.
Baird served as exclusive financial advisor to Allstar on this transaction.
About
Allstar is a full-service provider of residential exterior replacement, repair and maintenance services across trades including roofing, siding, windows, and gutters. Today, the business primarily operates in the Minnesota, Wisconsin, North Dakota, and South Dakota markets. The Company, which was founded in 1979, has grown into a leading regional platform in the residential exterior services segment through strong organic growth and strategic M&A. MSCP, in conjunction with management, is seeking to scale the business to be a leading national platform over the coming years. Allstar is headquartered in Minneapolis, Minnesota.VantEdge Partners, a family office investment firm, primarily targets initial equity investments ranging from $20 - $75 million in several industry verticals including consumer multi-unit concepts, industrial or home and commercial services, manufacturing, and health service companies. VantEdge Partners is based in Overland Park, Kansas.
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform established in 1986 that focuses on privately negotiated equity and equity-related investments primarily in North America. Morgan Stanley Capital Partners seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare, education and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. Morgan Stanley Capital Partners is based in New York, New York.
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- Date
- May 2023
- Company
- Allstar Services
- Transaction
- M&A - Sellside
- Sectors
-
Technology & Services
Consumer - Verticals
-
Multi-Unit, Restaurants & Franchising
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
- Acquiror Geography
- North America
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