Linx Partners Seeking Add-On Acquisitions In The Critical Infrastructure Services Industry

Linx Partners is actively seeking add-on acquisitions for our portfolio company Transglobal Services (TGS). The Company is a full-service infrastructure services firm aiding customers in the energy, utility, real estate, and renewables space with projects throughout the Southeast and Southwest. TGS provides land acquisition, survey, mapping, environmental, and other related services utilizing its TGS Transform platform to provide better visibility and data retention throughout the project life cycle enabling customers to manage their projects/assets. TGS is looking to continue its success with niche technology-forward acquisition opportunities to expand either geographically, by service offering or industry. Please see below for acquisition criteria.

Add-on criteria:

  • $1 – $4 million of EBITDA
  • Continental U.S. with a focus on SW and SE states
  • Provider of infrastructure services, including survey, mapping, integrity testing, environmental consulting, and other ancillary services to industries such as utilities, water, transportation, telecom, renewables, and energy
  • Niche, growing end markets with a strong entrepreneurial, people-focused culture

Please forward information to Giny Mullins at gmullins@linxpartners.com or Chris Squitieri at csquitieri@linxpartners.com.

About Transglobal Services
Headquartered in Fort Worth, TX, Transglobal Services is a leading provider of critical infrastructure services across Texas, Oklahoma, New Mexico, and the surrounding areas with a primary focus today on the Permian Basin. The Company has developed a strong reputation with its blue‐chip customer base for survey, land acquisition, GIS (Geographic Information Systems), environmental permitting, and right of way services through its superior service quality, speed of completion and rigorous approach to data gathering and management. For more information on Transglobal Services, visit www.transgloballlc.com.

Linx Partners Seeking Add-on Acquisitions in Reconstruction Services

Linx Partners is actively seeking add-on acquisitions for our portfolio company Reconstruction Experts (RE). The Company is a full-service provider of professionalized reconstruction services for existing occupied properties. RE is experienced repairing multi-family and commercial properties with damage stemming from defects during original construction, routine weather events such as hail, or wear and tear from occupants over time. Following its acquisition of Advanced Roofing & Sheet Metal in Florida, RE developed strong momentum in 2020. Management is eager to build on that success through a partnership with a like-minded provider of reconstruction services that enhances RE’s service offering or geographic reach. Please see below for acquisition criteria.

Add-on criteria:

  • $2 – $5 million of EBITDA
  • Focus on multifamily or commercial reconstruction with very little exposure to new construction or single-family homes
  • Prefer providers of multiple complex trades, executing a vendor managed service model
  • Management looking to shed back-office headaches and join entrepreneurial team focused on growth & customer service
  • Prefer companies based outside of the Northeast
  • Passion to join us in helping our clients “Love your place again”

Please forward information to Giny Mullins at gmullins@linxpartners.com.

About Reconstruction Experts
Headquartered in Denver, CO, Reconstruction Experts provides a full range of specialized property services to homeowners’ associations and property managers through offices in Colorado, Texas, Florida, and California. Property services include defect insurance services, including reconstruction, restoration and litigation support services, damage insurance services relating to events such as fires, floods and other disasters, and specialty repair and maintenance services. For more information about Reconstruction Experts, visit www.reconexp.com.

Linx Partners Announces the Refinancing of Its Portfolio Company, NEBR

Linx Partners, LLC is pleased to announce the refinancing of Northeastern Bus Rebuilders, Inc. and Global Bus and Fleet Services, Inc., the operating subsidiaries of NEBR Holdings, Inc. (“NEBR” or the “Company”).

NEBR, a leading provider of mass transit/coach bus repair and maintenance services, announced that the Company refinanced its senior credit facility with a new $22.3 million term loan under the Federal Reserve Main Street Lending Program and a $1.0 million revolving credit provided by People’s United Bank, National Association. Funds from the senior credit facility were used to repay NEBR’s outstanding senior debt and provide additional liquidity for working capital purposes.

“We are excited to have People’s United Bank as a financing partner for NEBR as the Company continues to provide innovative repair and maintenance services to the transit bus market,” said Mark Niznik, Managing Director of Linx Partners. “The new senior credit facility provides NEBR with flexibility to execute on its contractual backlog and pursue additional bus remanufacturing, structural repair and fleet maintenance opportunities in all alternative fuel technologies.”

Morgan, Lewis & Bockius LLP served as legal advisor to NEBR.

About Northeastern Bus Rebuilders

Headquartered in Ronkonkoma, NY, NEBR provides repair and maintenance services to the mass transit bus sector serving major cities, airports, and OEMs. The Company is a one-stop-shop for bus repair, offering technically advanced services including manufacturer warranty support, hybrid/alternative fuel engine support, extended warranty programs, mechanical repairs, structural repairs/fabrication, bus refurbishing, paint/body repair, and HVAC system servicing. For more information on NEBR, visit www.nebr.us.

Linx Partners Announces the Promotion of John Duncan To Vice President

Linx Partners, an Atlanta-based private equity firm, is pleased to announce the promotion of one of our team members. John Duncan has been promoted to Vice President.

John’s comprehensive background in our industry has played a key role in his success and he brings his expertise and experience to his new role as Vice President. In addition to John’s role as VP, he will join the Board of Transpro Burgener.

“John has been a significant contributor to our success, and I am thrilled to announce his promotion,” said Giny Mullins, Managing Director at Linx Partners. “As a key member of our team, John has worked with senior investment professionals on new transactions, led current portfolio refinancings and continues to work closely with the management teams of our portfolio companies.”

John joined Linx Partners in 2017 after several years in the Investment Banking Group at Raymond James. John earned a double Bachelor of Arts in Business Administration and Economics from Rhodes College.

Linx Partners Announces Sale of Metaltech Service Center, Inc.

Linx Partners, LLC is pleased to announce that Linx Fund II, Co-investors and Affiliates have sold its securities in Metaltech Service Center, Inc. (“Metaltech” or the “Company”).

Metaltech is a provider of customized metal cutting and distribution services to industrial manufacturers, diversified energy companies, fabricators, machining centers, and repair companies. The Company serves over 1,500 customers primarily located in the Gulf Coast region. By concentrating on rapid order fulfillment, turnkey, and value‐added processing services involving niche grades, sizes, and shapes of materials, Metaltech is able to offer exceptional products and customer service.

“We are pleased to achieve a realization for our investors during these challenging times. Metaltech has established a strong reputation in the Gulf Coast region for its service commitment, quality products, and value-added processing capabilities,” said Mark Niznik, Managing Director at Linx Partners.

Morgan, Lewis & Bockius LLP served as legal advisor to Linx Partners. Brown Gibbons Lang & Company served as financial advisors to Metaltech.

About Linx Partners
Linx was founded in 1999 on the premise of investing in U.S. industrial companies, utilizing our human and capital resources in partnership with families, entrepreneurs, and management teams to build businesses. The founding partners of Linx have worked together in various capacities for over 30 years and have collectively created over 30 such partnerships since 1980. For more information on Linx, visit www.linxpartners.com.

About Metaltech Service Center, Inc.
Based in Houston, Texas Metaltech is a value-added distributor of low alloy steels, specialty and stainless steels, carbon steels, nickel alloy, and aluminum products. The Company’s expertise revolves around providing short-turnaround processing of plate, bar, and custom forged products with laser, abrasive waterjet, plasma, and sawing equipment. Materials are sourced and cut within tight tolerances of the design requirement for customers in a variety of end markets including petrochemical, oilfield, wastewater, paper & pulp, power generation, marine, and food processing. For more information on Metaltech, visit www.metaltechsc.com.

Carolina Precision Technologies Implements Corporate Social Responsibility Programs and Gives Back

In Winter 2020, Carolina Precision Technologies participated in Operation Christmas Child – a project of Samaritan’s Purse that collects shoeboxes filled with toys and supplies to deliver to children in need around the world. They collected and donated items from their PA, CT, and NC facilities to help make a difference in their communities, as well as those communities halfway around the world. For many of these children, this gift will be the first that they have ever received.

Sagent Included On 2020 Inc. 5000 List: Recognized As One Of The Most Successful Companies In America

Linx Partners, LLC is pleased to announce that its portfolio company Sagent has been included on the 2020 Inc. 5000 list.

COPPELL, Texas, Aug. 12, 2020 /PRNewswire/ — Sagent, a global provider of communications network equipment, repair solutions and maintenance services, announced today that it was featured on the annual Inc. 5000 list, the most prestigious ranking of America’s fastest-growing private companies. The company posted an 84 percent increase in revenue from 2016 to 2019.

“At Sagent, we show up every day for our customers and are committed to our ‘nothing-to-hide’ approach,” said Sagent CEO Gordon Smith. “We’re thrilled to have our accomplishments recognized by Inc. Magazine. I’m grateful to all of the companies that trust us with their networks and to each and every one of our employees – they make it all possible.”

Sagent was founded nearly two decades ago, and today, the company processes more than two million network assets per year. Thousands of customers in over 80 countries have turned to Sagent – including tier-1 telcos, wireless carriers, cable MSOs, Fortune 500s, and even the OEMs themselves.

In 2019, the company launched Sagent Insights: a business intelligence reporting platform that captures and analyzes massive quantities of data and ultimately drives efficiencies that save customers money. The platform helped catapult the business, differentiating Sagent’s offerings from competitors.

The Inc. 5000 list of the fastest-growing private companies in America honors all sizes of success. To qualify, a company must be privately-owned in the United States, have started earning revenue by March 31, 2016, and had revenue of $1M+ in 2016 and $2M+ in 2019. Revenue in 2019 must be greater than 2016.

Complete results of the Inc. 5000 list, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

About Sagent
Sagent helps customers lower total cost of network ownership and risk of downtime. When there is a need to repair, reuse, replace, or resell network equipment, network operators get the advanced business analytics and network support services required to make the best decisions possible. Sagent takes a nothing-to-hide approach—no hidden data, no hidden risks, and no hidden agenda—so customers finally know what their network knows. That’s why companies in over 80 countries have turned to Sagent since 2001. Today we serve thousands of tier-one telcos, cable MSOs, Fortune 500s, and even the OEMs themselves, and our 130,000-square-foot facility ships more than two million parts per year. For more information about Sagent please visit Sagent.net.

Linx Partners Gives Back

Linx Partners Gives Back

First and foremost, Linx Partners would like to extend our thoughts and
prayers to those impacted by the virus, as well as our thanks to those
fighting on the front lines. We want to assure our investors, partners,
and friends that Linx is actively working for our businesses and our
communities.

Recently Linx and the families of our employees, supported our
community by donating to the Atlanta Food Bank to provide 2500
meals. We also joined together as a team to provide two lunches to 80
men and women who work in the ICU at Atlanta-based Grady Hospital
on the frontlines.

We feel very humbled to be able to give something back not only to
those in need, but also to those who are giving so much of themselves
to aid in this effort.

If you would like to also donate to the Atlanta Food Bank please visit
https://acfb.org/.

 

Gordon Smith, CEO of Sagent, guest interview on Heads In The Cloud podcast

Join three telecom industry leaders as they discuss tips and tricks in the Unified Communications world. Plus, meet their expert guests who share their own unique perspectives on the industry.

MAR 2 2020 · SEASON 3 · EPISODE 60
060: Taking Your Tech Further with Gordon Smith

Click here to listen to the podcast.

In this episode, David hosts with Frederick Weiss, in a special appearance to speak with Gordon Smith, President and CEO of Sagent. Discover how Sagent helps customers optimize their investments on hardware with a focus on transparency for the client’s best interest. You’ll learn how Sagent is able to remotely test every repair, save customers $3 on every $1 spent, and stop e-waste. Grab a coffee and enjoy the group’s chat on the need for 5G speed, and a tongue twister challenge on fish sticks.

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