Bertram Capital adds Florida's Percopo Coatings to its trade services platform
What's the deal? Bertram CapitalDealroom has a profile for this one. Try Dealroom → has acquired Percopo Coatings Company (PCC)Dealroom has a profile for this one. Try Dealroom →, a Longwood, Florida provider of coatings and restoration services for commercial, industrial, and institutional buildings across the Southeastern US. Terms were not disclosed. PCC is the fifth platform investment in Bertram's Ignite fund.
What does PCC do? Founded in 2003 by Mike and Victoria Percopo, the company self-performs painting, waterproofing, seamless flooring, sandblasting, fireproofing, and restoration work across multiple trades. Its projects span airports, resorts, theme parks, schools, and federal buildings.
What's the endgame? PCC is actively pursuing acquisitions and partnerships to expand its geographic footprint and add operators to the platform. Bertram plans to support that growth through Bertram LabsDealroom has a profile for this one. Try Dealroom →, its in-house technology team covering digital marketing, e-commerce, and analytics.
"With the added digital capabilities of Bertram Labs, we believe we can further strengthen our operations and better serve our clients across the South," said Mike Percopo, founder and chief executive officer of PCC.
Who's behind it? Foster City-based Bertram Capital targets lower middle-market companies and has raised over $4 billion in capital commitments since 2006. Cook M&ADealroom has a profile for this one. Try Dealroom → advised the deal, led by Arnis Kins, with legal counsel from Perkins CoieDealroom has a profile for this one. Try Dealroom →, led by Blake Schell.
The signal: Private equity continues to build scaled platforms in the fragmented trade services sector, betting that consolidation and technology can professionalise businesses long run by independent operators. "As backers of several scaled platforms across the trades, we appreciate the deep industry knowledge, relationships, entrepreneurial spirit, and grit required to operate a successful business in these categories," said Zack Bassi, vice president at Bertram Capital.
Read more: prnewswire.com
Image credit: OlgerFallasPainting
