Carousel Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Carousel Capital has acquired 2 companies. It has also invested in 1 other.

Carousel Capital’s most common sectors for investment areautomotive (12%) and business services (12%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and recapitalization (31%). In total, Carousel Capital has invested in 9 US states.

In the last 3 years, Carousel Capital has exited 1 company. The Firm’s most common exit type is secondary buyout (65%). Carousel Capital’s largest (disclosed) exit occurred in 2015 when it sold Nestor Sales for $39M.

Join Mergr to view Carousel Capital’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity56
    • M&A Buy Activity36
    • M&A Sell Activity20
  • Total Sectors Invested 21
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 15
  • M&A Advisors 8

Carousel Capital

201 N Tryon Street Suite 2450,
Charlotte, North Carolina 28202
United States
(704) 372-2040
www.carouselcapital.com
info@carouselcapital.com

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.


Investment Criteria

Sectors of Interest: Business Services, Consumer Services, Healthcare Services

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Recapitalization, Secondary Buyout

Geographic Preferences: South US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 3 -
Investment Size - -
Enterprise Value - 250
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.0/yr) # 31 2 2 1 - - 36
Sell (0.6/yr) # 17 2 1 - - - 20
vol $39M $39M
  56

Most Recent M&A

Company Date Value Type
McCorquodale Transfer, Inc. 2023-07-13 - Recapitalization
Birmingham, Alabama · www.mtmoves.com
Reliance Partners LLC 2022-08-29 - Recapitalization
Chattanooga, Tennessee · www.reliancepartners.com
APEX Analytix LLC 2022-06-06 - Secondary Buyout
Greensboro, North Carolina · www.apexanalytix.com
Quality Automotive Services LLC 2022-05-16 - Growth Capital
Charlotte, North Carolina
Consolidated Claims Group LLC 2021-12-20 - Secondary Buyout
Charlotte, North Carolina · www.ccgiq.com
Pegasus Transtech LLC 2021-12-14 - Growth Capital
Tampa, Florida · www.transflo.com
Legacy Data Access LLC 2021-07-20 - Recapitalization
Charlotte, North Carolina · www.legacydataaccess.com
The Advantage Software Co. 2021-01-19 - Add-on Acquisition
Mooresville, North Carolina · www.gotoadvantage.com
Ethos Risk Services, Inc. 2020-11-20 - Recapitalization
St. Petersburg, Florida · www.ethosrisk.com
Landscape Workshop, Inc. 2020-09-22 - Recapitalization
Birmingham, Alabama · www.landscapeworkshop.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Automotive 1 (8%) - 4 (11%) -
Business Services 3 (25%) - 4 (11%) -
Healthcare Services 1 (8%) - 3 (8%) -
Software 1 (8%) - 3 (8%) -
Building Materials - - 2 (6%) -
Consumer Services - - 2 (6%) -
Environmental 1 (8%) - 2 (6%) -
Franchising - - 2 (6%) -
Information Technology 1 (8%) - 2 (6%) -
Consumer Products - - 1 (3%) -
Distribution - - 1 (3%) -
Electrical Equipment - - 1 (3%) -
Information Services - - 1 (3%) -
Insurance 1 (8%) - 1 (3%) -
Internet Software and Services 1 (8%) - 1 (3%) -
Machinery 1 (8%) - 1 (3%) -
Medical Products - - 1 (3%) -
Packaging - - 1 (3%) -
Publishing - - 1 (3%) -
Safety/Security - - 1 (3%) -
Transportation 1 (8%) - 1 (3%) -
Total 12 - 36 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) - 36 (100%) -
  North Carolina 4 (33%) - 12 (33%) -
  Alabama 3 (25%) - 7 (19%) -
  Florida 3 (25%) - 5 (14%) -
  South Carolina 1 (8%) - 5 (14%) -
  Virginia - - 2 (6%) -
  Georgia - - 2 (6%) -
  Tennessee 1 (8%) - 1 (3%) -
  Texas - - 1 (3%) -
  Kentucky - - 1 (3%) -
Total 12 - 36 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 15 (42%) -
Recapitalization 8 (67%) - 11 (31%) -
Secondary Buyout 1 (8%) - 6 (17%) -
Growth Capital 2 (17%) - 2 (6%) -
Divestiture 1 (8%) - 1 (3%) -
Going Private - - 1 (3%) -
Total 12 - 36 -

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (65%) -
Trade Sale - Public Company 3 (15%) 39M (100%)
Trade Sale 2 (10%) -
Unknown 2 (10%) -
Total 20 $39M

Top M&A Advisors

Financial Deals
Harris Williams & Co.
 2
William Blair
 1
Fidus Partners LLC
 1
Legal Deals
K&L Gates LLP
 12
McGuireWoods LLP
 1
Culp Elliott & Carpenter P.L.L.C.
 1

Deal Values

sell # Total
< $100M 1 $39M
TOTAL $39M
Largest Nestor Sales LLC
$39M (2015-08-03)

M&A Connections

Deals
Acquired from
Investor(s)
17%
6 (17%)
Strategic(s)
3%
1 (3%)
Exited to
Investor(s)
65%
13 (65%)
Strategic(s)
25%
5 (25%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.3B USD

Established

1996

Specialist/Generalist

Generalist

Leadership

Nelson Schwab III

Co-Founder & Senior Advisor

Charles Grigg

Managing Partner

Jason Schmidly

Managing Partner

Alan Welch Jr

Partner

Peter Clark Jr.

Partner

 Subscribe to unlock this and 193,848
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 184K M&A Transactions
  • 189K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 72K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal