Richmond, VA –Transact Capital Partners is pleased to announce the acquisition of Capital Consultants Inc. by Succession Capital Partners LLC. Transact Capital served as the exclusive financial advisor to Capital Consultants.
Capital Consultants was formed in 1982 to address the increasing demand for qualified personnel and tradesman in the petroleum industry. Now over 20 years later Capital Consultants have become a top national supplier of skilled tradesman to the petroleum and shipyard/marine Industry.
Succession Capital Partners, founded in 2009, is an equity fund investing in micro-cap companies to scale and leverage their core business. Succession Capital also advises family-owned businesses located in the Southeast and Mid-Atlantic on capital and operational issues. They are pleased to welcome Capital Consultants into their portfolio with plans to “…continue the growth and success model of the company in that region and others”.
Patrick Morin, Managing Director at Transact Capital represented the sellers. Morin specializes in advising staffing firms across the U.S. and is a speaker at many of the staffing conferences and events. According to Morin, “…we [Transact] had significant buying interest in this company from the start, however, it was important to the owner that we found the right culture fit and deal structure to meet the owners’ objectives. We accomplished that and created a win-win for both parties to the transaction”.
According to Russell Landry, the owner of Capital Consultants, “We needed to address several internal succession issues, as well as, our marine staffing business needed to expand. We are thrilled to know that Succession will enable that growth for our clients and employees. Their philosophy of buying, holding onto and growing companies is truly unique in today’s market and exactly what we were hoping to find in a buyer. Our employees and customers should be excited about the future of the Company. And this deal would have never been completed without the tireless continued efforts by Patrick in getting it across the finish line. I am thankful to Transact for making this happen.”
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Tidewater, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $50 million in revenues. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. www.TransactCapital.com
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to him at Steve@TransactCapital.com