Articles from CenterOak Partners LLC

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, today announced the sale of Turf Masters Brands, Inc. (“Turf Masters Brands” or the “Company”), a leading provider of residential recurring lawn, tree, and shrub care services, in a transaction with ExperiGreen Lawn Care. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the expansion of its team with the addition of Rich Reuter as Managing Director and Chris Golz as Chief Financial Officer. These new hires further strengthen CenterOak’s investment and operational capabilities as the firm continues to grow. CenterOak currently manages more than $2.5 billion of equity capital commitments across three Funds and has completed more than 180 transactions.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that it has completed a majority recapitalization of NOW CFO (or the “Company”). NOW CFO is a leading provider of outsourced finance and accounting services, with a primary focus on small and medium-sized business (“SMB”) customers. Terms of the transaction were not disclosed.

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, today announced the promotion of Carrie Hamilton to Partner, Business Development & Investor Relations.

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I (“Fund I”), today announced the exit of Shamrock Environmental (“Shamrock” or the “Company”) in a transaction with a subsidiary of Republic Services, Inc. (NYSE: RSG). The transaction represents the eighth and final sale out of Fund I, a 2016 vintage buyout fund. Terms of the transaction were not disclosed.

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund II, today announced the formation of Solid Ground Solutions ("Solid Ground" or the "Company"), a premier foundation repair services platform in the Central United States. Solid Ground manages multiple foundation repair businesses under well-established regional brands. Alongside the platform’s formation, CenterOak named Seth Tomasch as Chief Executive Officer of Solid Ground, bringing over two decades of leadership experience with sponsor-backed portfolio companies. CenterOak's investment will provide capital to support the growth of the newly formed entity. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the closing of CenterOak Equity Fund III, L.P. (“Fund III” or the “Fund”). The Fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion. The Fund’s capital was largely committed by existing institutional investors, but it also attracted support from many new limited partners globally, including private and public pensions, endowments and foundations.

Shamrock Environmental (“Shamrock” or the “Company”), a leading provider of essential environmental services and a CenterOak Partners (“CenterOak”) portfolio company, today announced the acquisition of JG Environmental (“JG”). The acquisition of JG adds waste processing and disposal capabilities in Pennsylvania and more than 50 employees to Shamrock. JG represents Shamrock’s fifth acquisition since 2020 under CenterOak ownership. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of SurfacePrep (the “Company”), a leading global distributor of surface enhancement solutions, to Nautic Partners. This marks the second exit for CenterOak in 2024 following the sale of CollisionRight in January. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of CollisionRight, Inc. (“CollisionRight” or the “Company”), a leading provider of auto body repair services, to Summit Partners. This marks the third exit in the auto aftermarket for CenterOak. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that it has completed a majority recapitalization of Guardian Access Solutions (“Guardian” or the “Company”). Guardian provides maintenance, repair, and installation of exterior access control equipment in the Southeast U.S. The current management team will continue to lead Guardian following CenterOak’s investment. Terms of the transaction were not disclosed.

CollisionRight, Inc. (“CollisionRight” or the “Company”), a leading regional multi-shop operator of auto body repair services, today announced expansion of its operating footprint through the recent acquisition of D’s Paint & Body (“D’s”), consisting of three shops in Peoria, IL, Action Collision (“Action”), a three shop operator in Euclid, OH, and Severn Auto Body (“Severn”), consisting of three shops in Annapolis, MD. The acquisition of D’s represents entry into the Illinois market, and the acquisitions of Action and Severn add density within CollisionRight’s existing footprint. Terms of the transactions were not disclosed.

Turf Masters Brands, Inc. (or the “Company”, formerly Turf Masters Lawn Care Services, Inc.), a leading provider of recurring residential lawn care services, today announced the acquisition of Fairway Green. Turf Masters Brands also today announced additional companies added to the platform in recent months including Mighty Green Lawn Care Services (“Mighty Green”) based in Birmingham, AL, Perfectly Green Lawn Care (“Perfectly Green”) out of Atlanta, GA, and MRW Lawns, Inc. (“MRW”) in La Plata, MD. Continuing with Turf Masters Brand’s focus on adding strong, customer-service focused organizations, each entity will continue to operate under their existing names and key business leaders from all four organizations will remain in place. As part of these transactions, nearly 200 team members joined the Turf Masters Brands family. Terms of the transactions were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the completion of the sale of Wetzel’s Pretzels (“Wetzel’s” or the “Company”), to MTY Franchising USA, Inc., a wholly owned subsidiary of MTY Food Group Inc. (TSX:MTY) for a cash purchase price of $207 million.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced its portfolio company Wetzel’s Pretzels (“Wetzel’s” or the “Company”), has entered into a definitive agreement to be acquired by MTY Franchising USA, Inc., a wholly owned subsidiary of MTY Food Group Inc. (TSX:MTY) for a cash purchase price of $207 million. The transaction is subject to customary closing conditions.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that it has completed a majority recapitalization of Palmetto Exterminators (“Palmetto” or the “Company”), a leading independent pest control company providing general pest, recurring termite and mosquito control services. As part of the transaction, the selling family will continue to have an equity interest in the Company and the current senior team will continue to lead Palmetto following CenterOak’s investment. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that Mark Langer has joined the firm as a Managing Director. Mr. Langer brings twenty years of middle market transaction experience to CenterOak and joins a team of now 24 professionals. CenterOak currently manages more than $1.1 billion of equity across two Funds and has completed more than 100 transactions.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the formation of Turf Masters Lawn Care Services, Inc. (“Turf Masters Lawn Care Services” or the “Company”), a residential lawn services platform created through the combination of three leading providers: Turf Masters Lawncare, LLC (“Turf Masters”), All Turf Holdings, LLC (“All Turf”), and Green Group Holdings, LLC (“Green Group”). As part of the transaction, the existing owners and management teams will continue to be active and will have an equity interest in the Company. Andy Kadrich, the founder of Turf Masters, will lead the Company as CEO. CenterOak’s investment will provide capital to support the growth of the newly formed entity. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I (“Fund I”), today announced the sale of Vivify Specialty Ingredients (“Vivify” or the “Company”), a leading supplier of specialty colorants and functional ingredients to customers in the personal care & cosmetics, food & beverage, packaging, plastics, coatings and seed treatment industries. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the completion of the sale of Cascade Windows (“Cascade”), to Cornerstone Building Brands, Inc. for a cash purchase price of $245 million.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced its portfolio company Cascade Windows (“Cascade”), has entered into a definitive agreement to be acquired by Cornerstone Building Brands, Inc. for a cash purchase price of $245 million. The transaction is subject to customary closing conditions.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that it has completed a majority recapitalization of HK Solutions Group (“HK Solutions” or the “Company”), a leading regional provider of infrastructure maintenance services for municipal and industrial customers primarily in the Midwest. Chief Executive Officer Wade Anderson and the existing management team will continue to lead the Company following CenterOak’s investment. Terms of the transaction were not disclosed.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that its portfolio company Aakash Chemicals & Dye-Stuffs, Inc. (“Aakash Chemicals”) has rebranded to Vivify Specialty Ingredients (“Vivify” or the “Company”). The Vivify brand is a result of the Company’s repositioning after completing two acquisitions and expanding capabilities across a wide range of end markets under CenterOak’s ownership. Based in Glendale Heights, IL, Vivify is a leading supplier of specialty colorants and functional ingredients to customers in the personal care & cosmetics, food & beverage, packaging, plastics, coatings and seed treatment industries.

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the closing of CenterOak Equity Fund II (“Fund II”) with total equity commitments of $690 million. Fund II was oversubscribed, exceeding its $575 million target and closed at its hard cap.