GPRS a portfolio company of CIVIC has been acquired by Kohlberg
|Deal Type||Mergers & Acquisitions|
|Client & Transactional Partners||
|Our Role||Sell-Side Advisor|
GPRS Holdings ("GPRS" or the "Company") headquartered in Toledo, Ohio, is the nation's largest provider of advanced scanning services for subsurface infrastructure. GPRS has an extensive nationwide network of 250+ highly trained and experienced project managers in every major U.S. market. The Company provides incredible value to their customers by supporting critical infrastructure maintenance and damage prevention services. The Company pioneered the use of ground penetrating radar technology for identifying subsurface structures as part of maintenance, repair and remodeling work on existing infrastructure.
On June 26, 2020, KeyBanc Capital Markets, (“KBCM”) successfully advised GPRS a portfolio company of CIVC Partners, LP (“CIVC”), on its sale to Kohlberg & Company, LLC (“Kohlberg”). CIVC engaged KBCM to serve as sell-side advisor based on its industry-leading Industrial & Business Services Practice, proven M&A execution capabilities and long-standing relationship with CIVC and GPRS Management and its Board. KBCM conducted a targeted marketing process resulting in a premium valuation and exceptional terms for GPRS’ shareholders.