Deal Details

PHFM Is Acquired by Vesterra

Technology & Services

PHFM, a division of Powerhouse, a portfolio company of Lincolnshire Management, sale to Vesterra

Summary

PHFM, a division of Powerhouse Services (“Powerhouse”), a portfolio company of Lincolnshire Management, Inc. (“Lincolnshire Management”), has been sold to Vesterra Capital Partners (“Vesterra”) (f/k/a Comvest Private Equity). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Powerhouse on this transaction.

About

PHFM is a tech-enabled, single-source provider of interior and exterior facilities maintenance services to multi-location businesses across the United States. PHFM pairs its proprietary technology platform with a nationwide vendor network to deliver both preventive and reactive maintenance across a broad range of interior and exterior trades. PHFM is headquartered in Columbus, Ohio.

Powerhouse provides full service, multi-site enhancement services. Using its proprietary technology for real time management and reporting, Powerhouse provides a centralized service for retail and commercial industry leaders for nationwide rollouts for fixtures, displays and new equipment as well as multi-location refresh programs to maintain coast-to-coast brand consistency. Powerhouse is headquartered in Crowley, Texas.

Lincolnshire Management, founded in 1986, is a private equity firm focused on investing in and acquiring growing middle market companies across an array of industries. Lincolnshire Management invests in acquisitions of private companies, recapitalizations, corporate divestitures, management buyouts and growth equity for public and private companies. Lincolnshire Management manages over $2.0 billion of private equity capital. Lincolnshire Management is headquartered in New York, New York.

Vesterra is a lower middle market investment firm focused on control investments in the services economy, partnering with companies across business & infrastructure, healthcare and consumer sectors. Founded in 2000, Vesterra partners with founders, family owners and operators who are ready for their next stage of growth. The firm works side by side with management teams providing practical support, targeted resources and strategic guidance shaped around each business. Vesterra manages approximately $1.9 billion in assets. Vesterra is headquartered in West Palm Beach, Florida.

Technology & Services

PHFM, a division of Powerhouse, a portfolio company of Lincolnshire Management, sale to Vesterra