Merit Harbor Group advised Pro-Vac LLC in Sale to Peninsula Capital Partners and Silver Peak Partner

 
Dec. 14, 2015 - PRLog -- Merit Harbor Group, a Seattle, WA-based investment banking firm is pleased to announce that Peninsula Capital Partners L.L.C and Silver Peak Partners have acquired Pro-Vac LLC, the Pacific Northwest’s premier full service hydro excavation, storm/sewer maintenance and environmental services company out of Puyallup, WA. During the sell-side process, Merit Harbor Group served as exclusive advisor to ProVac LLC and its shareholders. Assisting in the transaction, The Doty Group, P.S. provided CPA services, as Eisenhower Carlson provided Legal council.

For nearly 15 years Pro-Vac LLC has served both large and small customers throughout the Pacific Northwest. Pro-Vac has become one of the Northwest’s largest and most experienced full-service hydro excavation, environmental, sewer, septic and storm water management companies, serving Washington, Oregon, and Idaho. Pro-Vac’s shareholders and stakeholders alike are excited to continue their growth under Peninsula Capital Partner’s and Silver Peak Partner’s exceptional management and capital markets experience.

The company will continue to pursue organic growth as well as add-on acquisitions throughout the western US with Mike Olson remaining as the day-to-day leader in these efforts.

About Merit Harbor Group

Merit Harbor Group is a leading M&A, Investment Banking, and Advisory firm helping lower middle-market companies create, grow, optimize and capture Enterprise Value, while simultaneously achieving owners’ personal and financial goals. Focused on sell-side, buy-side and capital raising activities as well as strategic advisory services, Merit Harbor Group expertly serves companies in a wide range of industries. 253-327-1490.

About Peninsula Capital Partners, LLC

Peninsula Capital Partners is an investment company specializing in providing mezzanine capital, including subordinated debt, preferred stock or common stock, either as a minority or control investor, to superior middle-market companies. Peninsula has raised five investment partnerships totaling approximately $1.2 billion of committed capital, and has made over 100 investments in a wide range of industries, including aerospace, manufacturing, information technology, industrial and professional service, consumer products, retail, food and distribution concerns among others.

About Silver Peak Partners

Silver Peak Partners based in Denver, Colorado, is a private equity firm focused on companies with $3 million to $10 million of EBITDA. Silver Peak seeks to partner with current company owners and managers to build investment value through operational improvements, strategic acquisitions, and pursuit of new growth opportunities.

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Tags:Mergers And Acquisitions, Investment Banking, Washington
Industry:Investment
Location:Washington - United States
Subject:Deals
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Page Updated Last on: Jan 28, 2016
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