Recent Tuck-Under Acquisitions
At OMERS Private Equity, our approach is to partner with best-in-class management teams to build industry-leading companies and accelerate growth. That includes working with our portfolio to make acquisitions and consolidate their industries, where appropriate.
As of the end of 2021, we recorded approximately 150 acquisitions to date across OPE’s global buyout portfolio, marking our busiest year of activity to date. Here is a brief look back at some related portfolio company news that we’re proud to highlight:
At the start of November, TurnPoint Services, a leading provider of residential HVAC services, announced the acquisition of Rooter Ranger Service Corporation, a residential plumbing services provider in the Western U.S. TurnPoint plans to expand Rooter Ranger’s footprint into dozens of markets across the country in the years ahead, and the acquisition was the 18th under our ownership since November 2020.
“TurnPoint is a clear leader in the residential services space, using technology to improve service delivery and the customer experience as they continue to expand their offerings and grow the brand. We’re proud to be working alongside Kurt Bratton and his exceptional team to support TurnPoint on its growth journey.”
Mark Dolfato, Senior Managing Director
In December, Trescal announced its 32nd and 33rd global acquisitions since becoming an OPE portfolio company in 2018. Trescal, which is headquartered in France, separately acquired Cleanroom Management International (CMI) in Belgium, France and the Netherlands, and Aviatronik in Italy. Each acquisition helps cement Trescal’s standing as the world-wide leader in calibration services.
“We are excited to continue to support the Trescal team as they drive global growth and enhance their position as a world-wide leader in calibration services through accretive acquisitions.”
– Jonathan Mussellwhite, Senior Managing Director, Head of Europe
Last February, Premise Health, the U.S.’ largest direct health care provider, announced the acquisition of Sonic Boom Wellness, a key provider of corporate wellness technology. The acquisition augmented Premise’s digital offerings in various ways, including: a digital engagement platform designed to help members and families change their behaviors, improve their health and make lasting lifestyle changes; on-demand health education; personal goal tracking; and other tools.
“Premise Health has continued to expand and evolve its model to meet the growing needs of the national employer health care space, and we look forward to continue working with the team to enhance their offering to provide the broadest range of products and services with a seamless member experience.”
– James McGlynn, Director