April 26, 2022
Crutchfield Capital Awarded 2021-2022 Deal of the Year by ACG Houston for Arranging the Recapitalization of Camp Construction Services
April 26, 2022 06:17 PM Eastern Daylight Time
HOUSTON--(BUSINESS WIRE)--The Houston chapter of the Association for Corporate Growth (“ACG”) announced Crutchfield Capital (“Crutchfield” or the “Firm”) as the winner of the Overall 2021-2022 Deal of the Year Award for the Firm’s role as the exclusive financial advisor to Camp Construction Services (“Camp” or the “Company”) in its recapitalization by Sterling Investment Partners (“Sterling”). The transaction was led by Crutchfield Capital Managing Directors Bill Cornelius, Rick Wilson, J.B. Dollison, and Senior Vice President Thomas Powell.
“Crutchfield is further honored that this landmark transaction was recognized by ACG Houston and our industry colleagues.”
“We were privileged to assist Roger Camp, Jim Budroe, Jeff Blevins, and Mark Breaux in this transaction. They are remarkable businessmen and have become great friends,” said Bill Cornelius. “Crutchfield is further honored that this landmark transaction was recognized by ACG Houston and our industry colleagues.”
ACG Houston's Fifth Annual Deal of the Year Awards Ceremony took place on April 19, 2022. The event celebrates Houston's robust middle-market deal community, honoring the deals and dealmakers who drive middle-market growth and their success in generating job growth, capital formation, and the advancement of meaningful business relationships. Over 30 finalists were ranked by an independent panel of esteemed judges and top business leaders.
Deal Background
Camp Construction Services is a leading provider of restoration, renovation, and maintenance services to multi-family communities. The Company completes thousands of jobs each year for over 1,200 multi-family customers across over 26 states.
After receiving an unsolicited offer from a strategic party, Camp engaged Crutchfield Capital to explore options with other potential buyers. Ultimately, Camp chose to partner with Sterling, a middle-market private equity group, due to the firm’s demonstrated track record of scaling businesses and investing in multi-family opportunities. Completed in November 2021, Sterling’s investment in Camp will further the Company’s ability to provide high-quality services to clients throughout the United States.
About Crutchfield Capital
Crutchfield Capital is a Texas-based middle-market investment banking firm dedicated to delivering focused, strategic guidance on complex mergers, acquisitions, divestitures, and financing transactions ranging from $20 million to over $500 million. Since 1991, Crutchfield Capital has completed transactions in a wide variety of industries, including manufacturing, distribution, business services, energy services, healthcare, and technology. Clients have ranged from small private businesses to Fortune 500 public companies.