CIVC Partners, L.P., a Chicago-based middle market private equity firm focused on investments in the business services and financial services industries, is pleased to announce the firm's newly formed partnership with Dave Florance and the senior management team of Equipment Transport, LLC. As part of the transaction, CIVC made a significant equity investment in the company and M&T Bank Corporation provided senior debt credit facilities.
The company's management team, led by Dave Florance, founder and CEO, is excited about the opportunity to partner with CIVC. Dave Florance said, "I was focused on finding the right partner to help my team accelerate the growth of our business. The principals at CIVC distinguished themselves to me through their significant industry knowledge and successful prior experiences investing in outsourced waste management and services companies. Our management team is excited to partner with the CIVC team as we believe they can help lead us through our next phase of growth."
CIVC's investment in Equipment Transport builds on the firm's continuing efforts in the business services industry and, more specifically, the outsourced energy services and waste management sectors. Recent examples of such activity include CIVC's investments in EN Engineering and PowerTeam Services and the recent sale of Thermo Fluids Inc.
Raymond James served as financial advisor to Equipment Transport on the transaction.
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