Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News


VENTURE CAPITAL DIRECTORY | PRIVATE EQUITY DIRECTORY

List of Venture Capital / Private Equity Firms and Sources
Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory

2021 EDITION SPECIAL OFFER
Buy Now for only $119.95 plus a FREE 2022 update in January 2022

Learn More or Buy Now

VCPro Database 2021 24th Edition -- a downloadable and searchable venture capital database with 6,500+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. (Updated JULY 2021)

Learn More or Buy Now




Vestar Capital Partners Acquires Stratus, a Global Leader in Brand Implementation and Facilities Services, from Arcapita

NEW YORK, July 7, 2021-- Vestar Capital Partners ("Vestar"), a leading middle-market private equity firm, announced today that it has acquired Stratus (or "the Company"), a market-leading asset-light facilities services provider, from Arcapita Group Holdings ("Arcapita"), a global alternative investments firm. Terms of the transaction were not disclosed.

CEO and founder Tim Eippert and the Company's senior leadership team will continue to lead Stratus and will reinvest in the transaction alongside Vestar. Arcapita will also retain a minority stake in the Company.

Founded in 1953 and based in Mentor, OH, Stratus serves a highly diversified base of blue-chip customers including some of the leading Fortune 100 brands in 50 states and 24 countries across a broad range of end markets, including healthcare, financial services, QSR, convenience stores, and telecom. The Company offers best-in-class customer service and integrated solutions, enabled by a differentiated technology suite and unmatched expertise and scale. Under Arcapita's ownership, Stratus more than tripled its revenue to over $300 million, while completing multiple add-on acquisitions to expand the Company's customer base and product offerings.

"Stratus is fortunate to have found a true partner in Vestar, which shares our customer-centric philosophy and vision for growth, and has a deep understanding of our industry," said Mr. Eippert. "We look forward to leveraging Vestar's strategic relationships, capital, and operational expertise alongside our ongoing partnership with Arcapita, working together to continue building our capabilities for the benefit of our valued customers."

"Stratus' significant investments in systems and operational infrastructure, deep understanding of its customers' needs, and relentless focus on service excellence have enabled its growth into a scaled nationwide platform," said Nikhil Bhat, Vestar Managing Director and Co-Head of Business & Technology Services. "The Company has an attractive opportunity to expand into complementary service lines and reinforce its current offerings through acquisition and continued investment in the platform. We are excited to partner with Tim and his exceptional management team to help accelerate the next stage of Stratus' growth."

Martin Tan, Arcapita's Chief Investment Officer, commented, "Arcapita is extremely proud of Stratus' transformation into the leading national brand implementation company that it is today. With Arcapita's support, Stratus has been able to expand its services and product offerings, as well as expand its footprint across the US. Stratus' success is a testament to Arcapita's dedicated approach of investing in good companies and providing them with the resources to realize their ambitions. We are confident that with the current strength of the Stratus bench and Vestar's added support, the Company will continue to enjoy the rapid growth we have achieved, in the coming years."

William Blair and Citizens M&A Advisory acted as financial advisors and King & Spalding served as legal counsel to Stratus. Robert W. Baird & Co. acted as financial advisor and Kirkland & Ellis LLP served as legal counsel to Vestar.

About Stratus

Stratus is a leading brand implementation and facilities services company offering signage solutions, energy services, repair and maintenance programs, and refresh and remodel capabilities across 50 states and 24 countries. With more than 50,000 projects completed annually, the Company provides versatile solutions for some of the world's largest and most recognized brands. For more information, please visit www.stratusunlimited.com.

About Vestar Capital Partners

Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Consumer, Business & Technology Services and Healthcare. Since its founding in 1988, Vestar funds have invested $8 billion in 85 companies as well as more than 200 add-on acquisitions with a total value of approximately $50 billion. For more information on Vestar, please visit www.vestarcapital.com.

About Arcapita

Arcapita is a global alternative investment manager, with offices in Atlanta, London and Singapore and an affiliated office in Bahrain. Arcapita's principal lines of business are private equity and real estate, and its management has a 24-year track record of over 90 investments with total transaction value in excess of $30 billion. Further details on Arcapita can be found at www.arcapita.com

Contact:
Media Contacts
For Vestar:
Lambert & Co.
Jennifer Hurson
845-507-0571
jhurson@lambert.com
or
Caroline Luz
203-656-2829
cluz@lambert.com

For Arcapita
Tariq Hayat
+973 17 218 858
Mobile +973 39 461103
thayat@arcapita.com
or
Brunswick
Ailsa Martin
+971 4 560 5900
arcapita@brunswickgroup.com


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template

 

Copyright 1998-2021 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer