Untangling tax reform: individual taxpayers and the applicability of a section 962 election
Case Study

Suburban Group sells to a High Street Capital

Untangling tax reform: individual taxpayers and the applicability of a section 962 election
Case Study

Suburban Group sells to a High Street Capital

Client need

Family owned and operated for the last 40 years, Suburban is a premier provider of a complete line of drywall, insulation, steel stud framing and custom finishing services for a diversified mix of commercial, multi-family and residential construction customers throughout Southeastern Wisconsin. The Company is recognized as the largest non-union, privately owned drywall services company in Wisconsin.

Over the last four decades, Suburban’s owner grew the business into a high performing company.  However, the Company was ready for the next level of growth. In order to maximize value and ensure a successful transaction, Suburban’s owner elected to seek an M&A advisor for transactional support.

Baker Tilly Capital solution

Suburban’s owner and management team partnered with Baker Tilly Capital to find the right buyer to enhance the Company’s current growth trajectory. Baker Tilly Capital’s knowledge and experience with the construction industry enabled the team to develop and implement a robust sale process, targeting both strategic and private equity buyers.  Our team provided sell-side advisory support from the onset of the sale process through final negotiations and closing.

Results

The sale process resulted in Suburban selecting High Street Capital (HSC), a Chicago-based private equity firm. HSC focuses on investing in family owned, middle-market businesses, which is a perfect fit for Suburban.

“We are excited to begin our partnership with High Street Capital and to grow our business even further. We look forward to leveraging High Street Capital’s expertise and capital resources as we continue providing high-quality and efficient services to our customers.”
Dave Satermo, President – Suburban Group

For more information on this deal, or to learn how Baker Tilly Capital specialists can help, contact our team.

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