WesTest acquired by Atlas Technical Consultants

Peakview Partners is pleased to announce that WesTest LLC (“WesTest”) has been acquired by Atlas Technical Consultants, Inc. (“Atlas”) (NASDAQ: ATCX). Peakview served as the exclusive M&A advisor to WesTest in this transaction.

Eric West, Founder of WesTest, said “We are excited about the opportunity represented by a partnership with Atlas. Peakview Partners was instrumental at every step of the process. Their extensive transaction experience, strong organizational skills and frequent communication with our team allowed us to navigate, negotiate and favorably close the deal. We would recommend Peakview for even the most complicated transaction!”

Established in 1998, WesTest is a leading geotechnical engineering and materials consulting firm specializing in materials design and testing for the construction industry in Colorado and Wyoming. Known for a high level of service and customer care, WesTest staff are the most knowledgeable and highly respected asphalt materials engineers and managers in the Rocky Mountain Region. For more information, visit www.westest.net. 

As a world-class organization of over 3,300 professionals generating nearly $500 million of gross revenue, Atlas provides professional testing, inspection, engineering, environmental and consulting services from more than 100 locations nationwide. With a legacy of providing consistent quality and results, Atlas delivers solutions to both public and private sector clients in the transportation, commercial, water, government, education and industrial markets. For more information, visit www.oneatlas.com.

Guidestar Optical Systems acquired by General Atomics

Peakview Partners is pleased to announce that Guidestar Optical Systems, Inc. (“Guidestar”) has been acquired by General Atomics. Peakview served as the exclusive M&A advisor to Guidestar in this transaction. Guidestar will be integrated into the General Atomics Electromagnetic Systems Group. Guidestar’s cutting-edge innovations in adaptive optics align with General Atomics’ focus on delivering groundbreaking technologies for the defense and space markets.

Aaron Buckner, Guidestar’s Co-Founder, said “The Peakview team provided crucial guidance throughout the negotiations and due diligence process, was consistently available to address our questions and requests, and approached all aspects of the transaction with professionalism and integrity. Peakview played a critical role in getting our deal to the finish line, and I would recommend this firm to any business owners interested in engaging an investment banking advisor.”

Founded in 2013, Guidestar Optical Systems is an optical systems research and development company focused on the design and development of innovative optical solutions for uses in directed energy, free space laser communications, and sensing and imaging through optical turbulence. For more information, visit www.guidestaroptical.com.   

General Atomics Electromagnetic Systems (GA-EMS) Group is a global leader in the research, design, and manufacture of first-of-a-kind electromagnetic and electric power generation systems. GA-EMS’ history of research, development, and technology innovation has led to an expanding portfolio of specialized products and integrated system solutions supporting aviation, space systems and satellites, missile defense, power and energy, and processing and monitoring applications for critical defense, industrial, and commercial customers worldwide. For further information, visit www.ga.com/ems.

The Women’s Health Group, P.C. acquired by Shore Capital Partners

Peakview Partners is pleased to announce that The Women’s Health Group, P.C. (“WHG”) has been acquired by Shore Capital Partners (“Shore”). Peakview served as the exclusive M&A advisor to WHG in this transaction. 

Stephen M. Volin, M.D., founding partner of The Women’s Health Group, said “I researched a ton of investment banks before deciding on Peakview Partners – it was one of my best decisions and maximized our value. The senior partners at Peakview were seasoned deal experts and true professionals. They skillfully guided us through the complicated process. It was also critical to have their even tempered advice, as we have discovered there is an emotional component to selling your business. Peakview helped us navigate all those pitfalls. Thanks!”

The Women’s Health Group is the leading independent obstetrics and gynecological practice serving the greater Denver metropolitan area. Founded in 1994, WHG specializes in all aspects of care for women, offering a wide array of services including routine gynecological annual care, low and high risk obstetrics, complex pelvic and pain surgery, minimally invasive surgery, and other high-margin ancillary services such as birth centers, ultrasound, fertility, hormone therapy, weight loss treatment, aesthetics, and onsite laboratory services. For more information, visit www.whg-pc.com.  

Shore Capital Partners is a Chicago-based private equity firm focused on microcap investments within the Healthcare and Food & Beverage industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has approximately $1 billion of equity capital under management through various investment vehicles. For more information, visit www.shorecp.com. 

Lerch Bates acquires Pie Consulting & Engineering

Peakview Partners is pleased to announce that Lerch Bates, Inc. has completed the acquisition of Pie Consulting & Engineering, Inc. (“PIE”). Peakview Partners served as the exclusive buyside advisor to Lerch Bates in this transaction. 

Bart Stephan, CEO of Lerch Bates, said “Peakview Partners played an integral role in helping us complete this acquisition. They were with us the whole way, from our initial communications with PIE to the ultimate closing of the transaction. Peakview Partners not only provided critical guidance on such matters as valuation, structuring the transaction, due diligence, and navigating the complex transaction process, they dug deep to understand the strategic importance of this deal to both firms. Peakview Partners’ professionalism, attention to detail and appreciation of our holistic transaction objectives will help ensure the long term success of our acquisition. This is our second transaction using Peakview Partners. We would highly recommend them to anyone for M&A transactions.”

For more than 73 years, with elevator consulting as its cornerstone, Lerch Bates has advised architects, developers, building investors, owners and managers on the design, sustainability and continuous use of a wide spectrum of Building Systems (elevators, escalators, façade access equipment and building logistics processes & equipment) for any size or type of building. Additionally, Lerch Bates is a leading global provider of a comprehensive and diverse range of Building Enclosure engineering, rehabilitative design, consulting, enclosure commissioning (BECx), construction management, and field performance testing services. Lerch Bates, headquartered in metropolitan Denver, Colorado, is an international consulting services firm with offices throughout North America, Europe, Asia, the Middle East, South America and India. Lerch Bates operates Lerch Bates Asia Pacific Limited, a holding company in Hong Kong, Lerch Bates (China) Limited, a Wholly Foreign-Owned Enterprise (WFOE) in Shanghai, China, Dewar Partnership in the United Kingdom and now Pie Consulting & Engineering. For more information, visit www.lerchbates.com.  

Pie Consulting & Engineering is a leading global provider of building and forensic science experts who provide a comprehensive and diverse range of engineering, rehabilitative design, consulting, enclosure commissioning (BECx), construction management, and field performance testing services. Founded in 1999, PIE professionals support development, design, construction, insurance/claims, and legal professional clients globally from their headquarters in Colorado and multiple regional offices strategically positioned throughout the nation. For more information, visit www.pieglobal.com.

LT Environmental acquired by WSP

Peakview Partners is pleased to announce LT Environmental (LTE) has been acquired by WSP. Peakview served as the exclusive M&A advisor to LTE in this transaction.  

Tom Murphy, Founder & CEO of LT Environmental, said “From the initial meeting, Peakview Partners was highly organized and professional. Their team was extremely responsive to our timeline and managed the interested companies to a tight timeline. We had numerous compliments on the informative and well-written Information Memorandum. Peakview was instrumental in providing financial guidance during the negotiations. The bottom line is that we achieved a significantly higher value than anticipated. I will absolutely recommend Peakview to anyone needing sell-side transactional support.”

LT Environmental is a recognized environmental and engineering consulting firm specializing in managing risk for contaminated properties and sensitive areas. Headquartered in Arvada, Colorado, with regional offices in Texas, New Mexico, North Dakota, Utah and Wyoming, LTE provides a wide range of services to public and private clients. The majority of services include site investigation, remediation, water resources, air quality and chemical & materials management. Since 1992, LTE has earned the trust and respect of clients from a diverse range of industries including oil & gas, real estate development, manufacturing and transportation. For more information, please visit www.ltenv.com.

WSP is one of the world’s leading professional services firms. Headquartered in Montreal, Quebec, WSP employs approximately 50,000 people in more than 500 offices globally. WSP provides technical expertise and strategic advice to clients in the environmental, property & buildings, transportation & infrastructure, power & energy, resources (including mining and oil & gas) and industry sectors, as well as offering strategic advisory services. For more information, please visit www.wsp.com.

Big R Bridge acquired by Contech

Peakview Partners is pleased to announce that it represented AIL International, one of Canada’s largest bridge and infrastructure companies, in the sale of Big R Bridge to Contech Engineered Solutions, a QUIKRETE Company.  

Mike Wilson, President of AIL International, said “Peakview managed a very organized and competitive sales process, and the firm was a highly-valued strategic advisor to me during the process. As a result of Peakview’s tightly controlled process, we had multiple offers to acquire Big R Bridge and were able the sell the business at a premium valuation.”

Big R Bridge is a national leader in the design and supply of efficient and innovative infrastructure solutions for the transportation, public works, railway, land development, mining and energy, and forestry sectors. The company’s product line includes prefabricated steel bridges, structural plate bridges and tunnels, MSE retaining walls and abutments, sound barrier walls, pipe and drainage, and specialty products. For more information, please visit www.bigrbridge.com.

Contech provides innovative, cost-effective solutions to engineers, contractors, and developers across North America. Its portfolio includes bridges, erosion control, retaining wall, sanitary sewer, and stormwater management products. QUIKRETE is the largest manufacturer of packaged concrete and cement mixes in North America, and an innovative leader in the building and home improvement industries. Please visit www.conteches.com and www.quikrete.com.

Pak-Sher acquired by Revolution Plastics

Peakview Partners is pleased to announce that Pak-Sher has been acquired by Revolution Plastics. Peakview served as the exclusive M&A advisor to Pak-Sher in this transaction.

Herbert (Hub) L. Stern, Chairman of Pak-Sher, said “Peakview understands the value of pre-transaction planning. We worked with the principals of Peakview for over two years prior to the Revolution transaction. Peakview advised us on several important strategic decisions that ultimately enabled us to position Pak-Sher for a successful transaction. Additionally, the buyer was one of Pak-Sher’s largest direct competitors. Peakview skillfully navigated the transaction process – balancing our desire to get a deal done with our need to continue to protect the company’s information up to closing. I’m extremely pleased with Peakview’s full-service approach in helping us exceed our unique transaction objectives.”

Pak-Sher is a leading manufacturer and marketer of specialized packaging products for the foodservice carryout and kitchen prep markets. Based in Kilgore, Texas, Pak-Sher provides a full suite of product lines for both the back and front of house used throughout the foodservice industry today, all with a focus on sustainability, innovation and food safety. For more information, please visit www.paksher.com.

Revolution is a leading provider of closed loop plastic solutions used in a variety of industries. Headquartered in Little Rock, Arkansas, Revolution’s family of brands, including Command, Delta Plastics, Revolution Ag, Revolution Bag and Rodeo Plastics, deliver sustainable, high-quality plastic products in consumer carryout, janitorial, commercial packaging, construction and a variety of other applications. For more information, visit www.revolutionplastics.com. Pak-Sher will be incorporated into Revolution’s Command brand. For more information, please visit www.commandpackaging.com.

E Source acquired by Align Capital Partners

Peakview Partners is pleased to announce E Source has been acquired by Align Capital Partners. Peakview served as the exclusive M&A advisor to E Source in this transaction.

Wayne Greenberg, CEO of E Source, said “Peakview took the time to really learn our business and identify a wide range of viable targets. They managed the sale process in a very organized fashion and were a highly valued strategic advisor. Most importantly, Peakview negotiated several difficult issues with our acquirer and played a critical role in getting our deal to the finish line. I have worked with a number of investment banks over the years and Peakview is among the best.”

E Source (the “Company”) is a leading provider of customer-focused research, data, and consulting for utilities and their partners. Headquartered in Boulder, Colorado, E Source provides subscription-based market intelligence services for thousands of utility employees and senior leaders across North America. The Company’s unique insights into key areas of demand side management, customer experience, and marketing, help utilities adapt to ever-changing business and market conditions. For more information, please visit www.esource.com.

Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP brings experience, resources, and a $326 million committed fund to help companies accelerate their growth, to the benefit of management, employees, and the firm’s investors. ACP makes control investments in growth-oriented, lower-middle market business services, specialty manufacturing, and value-added distribution companies. E Source marks ACP’s seventh platform company investment completed since the firm’s first fund closed in September 2016. For more information, please visit www.aligncp.com.

Tru-Flow acquired by SemiTorr

Peakview Partners is pleased to announce that Tru-Flow, headquartered in Denver, CO, has been acquired by SemiTorr. Peakview served as the M&A advisor to Tru-Flow in this transaction.

Paul Trunzo, Tru-Flow’s Owner & President, said “The Peakview team was great to work with, providing crucial advice throughout the negotiations. I could not have gotten this transaction closed without their guidance and support, and I would recommend them to any owners interested in engaging a sell-side advisor.”

Tru-Flow is a distributor and manufacturers’ representation firm that provides products and solutions for the biotech and pharmaceutical industries. Tru-Flow offers top quality, industry-leading products to ensure process up-time and long-term performance. It offers a wide variety of products including pumps, valves, sensors, disposable bags and assemblies, cleaning and washing equipment, elastomers, pipe insulation, and custom piping assemblies. For more information, please visit www.tru-flow.com.This is SemiTorr’s first acquisition since being acquired by Transom Capital Group (www.transomcap.com), a leading operations-focused middle market private equity firm, in December 2018. SemiTorr, founded in 1988, has expanded nationally to support a wide array of markets throughout the United States. For more information, please visit www.semitorrinc.com.

How to Sell Your Business: The Insider’s Guide for a Successful Sale

Peakview Partners collaborated with John A. Leonard of Fairfield and Woods, P.C. on a three-part webinar series entitled “How to Sell Your Business: The Insider’s Guide for a Successful Sale”.  Each webinar is no more than 1-hour in length and covers participant Q&A.

Recordings are available here:

Webinar 1: Preparing the company for sale and being aware of three key documents for the early stages of the sale process.

Webinar 2: Discussion of the actual transaction process with a focus on best-practice tips to ensure a successful sale.

Webinar 3: Tips for the details of rollover equity, earnout, employment agreements, non-competes, indemnity, claims, carve-outs, baskets, caps, escrows, insurance and lease of real estate.

If selling a business is a consideration for the future, gain immediate insight for avoiding typical pitfalls in this series.