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New State Capital Partners acquires Universal Plant Services' rotating equipment segment

Aug 14, 2024•over 1 year ago

Acquiring Company

New State Capital Partners

Acquired Company

Universal Plant Services

LarchmontDeer ParkInvestment ManagementAngel InvestmentOil And GasEnergy

Description

New State Capital Partners has announced the separation and subsequent acquisition of Universal Plant Services' rotating equipment segment. This strategic acquisition allows Universal Plant Services to focus on its core specialty services and continue to operate under the Universal Plant Services brand name, while New State Capital Partners expands its industrial investment portfolio.

Company Information

Company

New State Capital Partners

Location

Larchmont, New York, United States

About

New State Capital Partners LLC is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative. New State prides itself on a long-term outlook, approaching each potential investment as an opportunity to create lasting and valuable relationships with company founders and especially independent sponsors. The firm has the ability to invest up to $100 million in equity per transaction and seeks to invest in market-leading companies with $8 million to $40 million of EBITDA in the areas of business services, industrials, and consumer. New State and its affiliates have invested in more than 30 companies to date. For more information visit www.newstatecp.com. Media contact: Lambert & Co.Joanne Lessner, jlessner@lambert.com, 212-222-7436 SOURCE New State Capital Partners

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed