ImpactAlpha, December 12 – Senegal-based Calinounou offers an online recruitment and booking service for home cleaning, care and cooking services aims to professionalize a sector that is rife with unfair pay and working conditions.

“The level of informality in the care economy in Senegal has prevented the growth of its [workers],” said Calinounou’s Fatou Diop.

The business is working to improve the quality of domestic services jobs while keeping services affordable.

WIC Capital, which invests in businesses founded by and serving women in West Africa, invested 134 million West African francs ($215,000) in equity and quasi-equity to help Calinounou boost formal jobs and reduce gender inequalities. Calinounou also is launching a training school.

“We still have a tremendous amount of work to do to improve the working conditions of these professionals and the image of this sector,” said Diop.

The post WIC Capital backs Calinounou’s dwelling providers in Senegal appeared first on Los Gatos News And Events.

Investment Supports McWilliams & Son’s Rapid Expansion Through Organic Growth and Strategic Acquisitions in the Growing, Resilient and Highly Fragmented Residential Services Market

SAN FRANCISCO other LUFKIN, Texas, Aug 15, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, announced today that it has signed a definitive agreement to acquire a majority stake in McWilliams & Son (“McWilliams” or the “Company”), a leading residential HVAC and plumbing services platform. Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company. Terms of the transaction were not disclosed.

Founded in 1974 in Texas by the McWilliams family, McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values ​​focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores and consistent growth for over 45 years. McWilliams’ commitment to providing advanced training programs, innovative technology and equipment to its technicians has made the company an employer of choice in the markets it operates.

Under Trey McWilliams’ Leadership, the Company has successfully expanded its reach through strong organic growth, new branch openings and acquisitions of high-quality, partnership-focused residential HVAC and plumbing businesses. With Percheron’s strategic support and operational resources, McWilliams is well-positioned to further accelerate its growth in new and existing markets.

Trey McWilliams said, “I am proud of our exceptional team and the strong business we have built together. We attribute our success to our people-centric approach and unwavering commitment to our customers, team members and community. Percheron embodies our values ​​and brings significant experience and I am excited about the significant opportunities our partnership with Percheron creates for our team members as we continue executing on our vision of building the premier provider of residential HVAC and plumbing services in the country .”

Chris LawlerCo-Founder and Managing Partner of Percheron, commented, “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention. The Company is supported by advanced technology, systems and processes, and has a strong track record of growth through both organic initiatives and strategic acquisitions. We look forward to leveraging Percheron’s deep operational capabilities to support the next phase of McWilliams’ rapid growth.”

About McWilliams & Son

McWilliams & Son is a leading HVAC and plumbing services business founded in 1974 in Texas by the McWilliams family. For over 45 years, McWilliams & Son has proudly served customers with a reputation for outstanding quality and customer service. A hometown company with hometown values, McWilliams & Son puts its customers, employees and community first. McWilliams & Son invests heavily in its team members, including providing industry-leading training programs and advanced technology and equipment, to enable team members to achieve their full potential and better serve our valued customers. For more information, please visit www.mcwilliamsandson.com.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts

Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
(212) 355-4449

SOURCE Percheron Capital

The post Percheron Capital Declares Partnership with McWilliams & Son, a Main Supplier of Residential HVAC and Plumbing Providers appeared first on Los Gatos News And Events.

Investment Supports McWilliams & Son’s Rapid Expansion Through Organic Growth and Strategic Acquisitions in the Growing, Resilient and Highly Fragmented Residential Services Market

SAN FRANCISCO other LUFKIN, Texas, Aug 15, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, announced today that it has signed a definitive agreement to acquire a majority stake in McWilliams & Son (“McWilliams” or the “Company”), a leading residential HVAC and plumbing services platform. Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company. Terms of the transaction were not disclosed.

Founded in 1974 in Texas by the McWilliams family, McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values ​​focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores and consistent growth for over 45 years. McWilliams’ commitment to providing advanced training programs, innovative technology and equipment to its technicians has made the company an employer of choice in the markets it operates.

Under Trey McWilliams’ Leadership, the Company has successfully expanded its reach through strong organic growth, new branch openings and acquisitions of high-quality, partnership-focused residential HVAC and plumbing businesses. With Percheron’s strategic support and operational resources, McWilliams is well-positioned to further accelerate its growth in new and existing markets.

Trey McWilliams said, “I am proud of our exceptional team and the strong business we have built together. We attribute our success to our people-centric approach and unwavering commitment to our customers, team members and community. Percheron embodies our values ​​and brings significant experience and I am excited about the significant opportunities our partnership with Percheron creates for our team members as we continue executing on our vision of building the premier provider of residential HVAC and plumbing services in the country .”

Story continues

Chris LawlerCo-Founder and Managing Partner of Percheron, commented, “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention. The Company is supported by advanced technology, systems and processes, and has a strong track record of growth through both organic initiatives and strategic acquisitions. We look forward to leveraging Percheron’s deep operational capabilities to support the next phase of McWilliams’ rapid growth.”

About McWilliams & Son

McWilliams & Son is a leading HVAC and plumbing services business founded in 1974 in Texas by the McWilliams family. For over 45 years, McWilliams & Son has proudly served customers with a reputation for outstanding quality and customer service. A hometown company with hometown values, McWilliams & Son puts its customers, employees and community first. McWilliams & Son invests heavily in its team members, including providing industry-leading training programs and advanced technology and equipment, to enable team members to achieve their full potential and better serve our valued customers. For more information, please visit www.mcwilliamsandson.com.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts

Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
(212) 355-4449

surgery

View original content:https://www.prnewswire.com/news-releases/percheron-capital-announces-partnership-with-mcwilliams–son-a-leading-provider-of-residential-hvac-and-plumbing-services -301605461.html

SOURCE Percheron Capital

The post Percheron Capital Declares Partnership with McWilliams & Son, a Main Supplier of Residential HVAC and Plumbing Companies appeared first on Los Gatos News And Events.

Investment Supports McWilliams & Son’s Rapid Expansion Through Organic Growth and Strategic Acquisitions in the Growing, Resilient and Highly Fragmented Residential Services Market

SAN FRANCISCO other LUFKIN, Texas, Aug 15, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, announced today that it has signed a definitive agreement to acquire a majority stake in McWilliams & Son (“McWilliams” or the “Company”), a leading residential HVAC and plumbing services platform. Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company. Terms of the transaction were not disclosed.

Founded in 1974 in Texas by the McWilliams family, McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values ​​focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores and consistent growth for over 45 years. McWilliams’ commitment to providing advanced training programs, innovative technology and equipment to its technicians has made the company an employer of choice in the markets it operates.

Under Trey McWilliams’ Leadership, the Company has successfully expanded its reach through strong organic growth, new branch openings and acquisitions of high-quality, partnership-focused residential HVAC and plumbing businesses. With Percheron’s strategic support and operational resources, McWilliams is well-positioned to further accelerate its growth in new and existing markets.

Trey McWilliams said, “I am proud of our exceptional team and the strong business we have built together. We attribute our success to our people-centric approach and unwavering commitment to our customers, team members and community. Percheron embodies our values ​​and brings significant experience and I am excited about the significant opportunities our partnership with Percheron creates for our team members as we continue executing on our vision of building the premier provider of residential HVAC and plumbing services in the country .”

Story continues

Chris LawlerCo-Founder and Managing Partner of Percheron, commented, “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention. The Company is supported by advanced technology, systems and processes, and has a strong track record of growth through both organic initiatives and strategic acquisitions. We look forward to leveraging Percheron’s deep operational capabilities to support the next phase of McWilliams’ rapid growth.”

About McWilliams & Son

McWilliams & Son is a leading HVAC and plumbing services business founded in 1974 in Texas by the McWilliams family. For over 45 years, McWilliams & Son has proudly served customers with a reputation for outstanding quality and customer service. A hometown company with hometown values, McWilliams & Son puts its customers, employees and community first. McWilliams & Son invests heavily in its team members, including providing industry-leading training programs and advanced technology and equipment, to enable team members to achieve their full potential and better serve our valued customers. For more information, please visit www.mcwilliamsandson.com.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts

Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
(212) 355-4449

surgery

View original content:https://www.prnewswire.com/news-releases/percheron-capital-announces-partnership-with-mcwilliams–son-a-leading-provider-of-residential-hvac-and-plumbing-services -301605461.html

SOURCE Percheron Capital

The post Percheron Capital Declares Partnership with McWilliams & Son, a Main Supplier of Residential HVAC and Plumbing Companies appeared first on Los Gatos News And Events.

Private equity firm Huron Capital Partners LLC has added to its string of investment exits.

The Detroit-based firm on Wednesday announced the sale of Phoenix-based Pueblo Mechanical and Controls to OMERS Private Equity, a Toronto and New York investment fund with nearly $20 billion in assets under management, according to its website.

Terms of the sale were not disclosed, but the exit marked Huron’s fourth exit over the past 12 months, according to a news release.

“We acquired Pueblo because we believed demand for HVAC repair and installation services would increase and the sector was ripe for consolidation,” Scott Hauncher, a Huron Capital partner, said in a news release. “Since then, regional population growth, aging infrastructure, energy efficiency and sustainability have driven demand for Pueblo’s services.”

A 20-year-old company, Pueblo was acquired by Huron Capital in 2017.

“We have a clear focus to become one of the largest independent technical services operators in the US by leveraging a scalable platform with an experienced and aligned management team,” stated Dan Bueschel, Pueblo CEO. “Due in large part to the investments we made in the systems and team, in addition to leveraging Huron’s demonstrated M&A playbook, we executed and integrated numerous acquisitions including six in 2022 alone.”

Moelis & Co. served as financial adviser for the deal, and Perkins Coie LLP served as legal advisor to Huron and Pueblo.

Huron Capital, which has managed as much as $1.8 billion since its founding in 1999, lists three core areas of focus on its website: commercial and industrial services, professional services and consumer services, primarily focused around residential services.

A news release from Huron Capital late last year said the PE firm completed eight exits in 2021, which included the majority sale of San Francisco-based Sciens Building Solutions to funds managed by global investment firm Carlyle.

Amid increasing uncertainty in economy — driven primarily by inflation, rising interest rates and other factors — private equity executives have said they’ve become more cautious in recent months. James Mahoney, Huron Capital’s managing partner, last month described the feeling to Crain’s as sleeping “with one eye open.”

That sense of hesitation on the part of private equity firms has shown shown up in recent data. Citing numbers from data service Prequin, a new report from PwC says PE deal volumes fell by 26 percent in the first half of 2022 when compared with the same time period last year.

“However, we expect activity to recover given record-high levels of dry powder (US PE totals $975 billion),” reads the PwC report. “Due diligence will be a key safeguard against volatility and possible regulatory action.”

The post Huron Capital sells western area HVAC funding appeared first on Los Gatos News And Events.

Investment Supports McWilliams & Son’s Rapid Expansion Through Organic Growth and Strategic Acquisitions in the Growing, Resilient and Highly Fragmented Residential Services Market

SAN FRANCISCO other LUFKIN, Texas, Aug 15, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, announced today that it has signed a definitive agreement to acquire a majority stake in McWilliams & Son (“McWilliams” or the “Company”), a leading residential HVAC and plumbing services platform. Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company. Terms of the transaction were not disclosed.

Founded in 1974 in Texas by the McWilliams family, McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values ​​focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores and consistent growth for over 45 years. McWilliams’ commitment to providing advanced training programs, innovative technology and equipment to its technicians has made the company an employer of choice in the markets it operates.

Under Trey McWilliams’ leadership, the company has successfully expanded its reach through strong organic growth, new branch openings and acquisitions of high-quality, partnership-focused residential HVAC and plumbing businesses. With Percheron’s strategic support and operational resources, McWilliams is well-positioned to further accelerate its growth in new and existing markets.

Trey McWilliams said, “I am proud of our exceptional team and the strong business we have built together. We attribute our success to our people-centric approach and unwavering commitment to our customers, team members and community. Percheron embodies our values ​​and brings significant experience and I am excited about the significant opportunities our partnership with Percheron creates for our team members as we continue executing on our vision of building the premier provider of residential HVAC and plumbing services in the country .”

Chris LawlerCo-Founder and Managing Partner of Percheron, commented, “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention. The Company is supported by advanced technology, systems and processes, and has a strong track record of growth through both organic initiatives and strategic acquisitions. We look forward to leveraging Percheron’s deep operational capabilities to support the next phase of McWilliams’ rapid growth.”

About McWilliams & Son

McWilliams & Son is a leading HVAC and plumbing services business founded in 1974 in Texas by the McWilliams family. For over 45 years, McWilliams & Son has proudly served customers with a reputation for outstanding quality and customer service. A hometown company with hometown values, McWilliams & Son puts its customers, employees and community first. McWilliams & Son invests heavily in its team members, including providing industry-leading training programs and advanced technology and equipment, to enable team members to achieve their full potential and better serve our valued customers. For more information, please visit www.mcwilliamsandson.com.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts

Woomi Yun / Eric Carlson
Joele FrankWilkinson Brimmer Katcher
(212) 355-4449

SOURCE Percheron Capital

The post Percheron Capital Declares Partnership with McWilliams & Son, a Main Supplier of Residential HVAC and Plumbing Providers appeared first on Los Gatos News And Events.

The latest North Bay Business Journal research (Lists.NorthBayBusinessJournal.com) focuses on venture capital firms and angel investor hubs.

This is an annual guide to business lending from venture and angel capital, listed alphabetically. Other information provided includes preferred stage of development for funded companies, preferred size of investment, targeted industries, sample of companies portfolio, ways to submit proposals for funding.

Detailed information from the list is available for purchase as a spreadsheet via the links above.

Want to have your company surveyed for this and other lists? Contact Research Director Michelle Fox at michelle.fox@busjrnl.com or call 707-526-8682.

The post Enterprise capital, angel buyers for San Francisco North Bay companies appeared first on Los Gatos News And Events.

Sometimes, in my daily wanderings through downtown San Francisco, I look to the sky and ponder all the empty office buildings and wonder: What’s going to happen to this city?

For decades, San Francisco and neighboring Silicon Valley have assumed they would remain the world’s top spot for technology and innovation, riding a revenue train that would never ever stop.

Well, our choo choo has slowed down quite a bit. And there’s no guarantee of return ridership. A recent study by the research firm Real Estate Witch ranks San Francisco as the 16th best city in the country to launch a startup, far behind places like Las Vegas (No. 1), Salt Lake City (No. 2) and Miami (No 4). The metrics considered in the study included favorable tax laws, access to an educated workforce and employment growth. San Francisco didn’t stack up. The cost of doing business in the Bay Area has been prohibitive, to put it gently.

That has worried local tech leaders. I recently spoke to Jennifer Stojkovic, executive director of sf.citi, a San Francisco tech trade organization founded by venture capital legend Ron Conway 10 years ago, in partnership with then Mayor Ed Lee. Conway, a centrist Democrat who has been active on the local and national political stage, built the group into a powerhouse, influencing policy while representing giants such as Google, Microsoft, Salesforce, Twitter, Uber and Facebook. The group’s mission is “to empower the San Francisco tech community to have a voice in tech policy decisions and collaborate with government leaders on solving local issues.”

And that’s exactly what Stojkovic plans to do. With Conway retiring from the board chair position, she and two other prominent women in tech — Board Chair Rebecca Prozan (director of government affairs and public policy for Google’s West Coast region) and Vice Chair Kate O’Sullivan (general manager of digital diplomacy within Microsoft’s corporate, external and legal affairs department) — will lead sf.citi forward into an uncertain future. And frankly, they sound worried.

From left: Rebecca Prozan, Kate O’Sullivan and Jennifer Stojkovic are poised to lead sf.citi, a tech trade organization founded by venture capitalist Ron Conway, following Conway’s retirement from the board chair position. (Examiner photo stitch)

“San Francisco has not had the same level of recovery as cities like New York and Austin and Seattle and places like that,” Stojkovic told The Examiner. “One of the things that is very concerning, in our opinion, is that while we have a myriad of quality of life issues that we need to address to make sure that we are reopening our offices safely and reopening our downtown, that’s really a short – term solution. The long-term (question) for economic recovery is, ‘How do we remain the best place for folks to locate their business and to make sure that their talent is located in San Francisco?’”

Unfortunately, Stojkovic doesn’t hear anyone talking about this at City Hall.

“That, in my opinion, is the $14 billion question that we are not talking about at a city leadership level. We have been very, very fortunate to be a city that has been leading as the main capital of innovation in this country and in this world for several decades now. And we are now at a precipice where there’s potential for us to not have that same pull. … We need to make sure that we are, from a regulatory and tax perspective, continuing to be competitive. We’re the most expensive place to do business in the country.”

ugh Just when you thought you were full up on bad news, add this to the list. On my doomscrolling top 10, San Francisco’s tech center status ranks far behind Ukraine, inflation, fentanyl and homelessness. But it’s definitely on the list. We are a city based on technology and tourism, with a crucial convention economy that ties it all together. None of those engines are working at full capacity right now, so we need to pay attention when our tech leaders sound the alarm.

So what does Big Tech want San Francisco to do? You can read through sf.citi’s policy priorities, which map out some key areas one would expect from a business group. Favorable tax structure. Reasonable regulation. Eliminating bureaucracy. There’s also heavy emphasis on the pressing issues facing us all, including our lack of housing, aging transportation infrastructure, rampant homelessness and rising public safety concerns.

I would add one more to sf.citi’s list. Work with our largest tech employers to bring workers back to the office. And at the same time, embrace ideas forwarded in this column, and elsewhere, to repurpose space that will not be reclaimed by business. Empty offices? Make them into housing.

“I think the talk about repurposing the space downtown is one that a lot of folks are having right now. And I think that’s a realistic step and something we should be talking about,” said Stojkovic. “I also think that we have to do a good job of incentivizing people to want to be in San Francisco. At the end of the day, we keep coming back to the same thing. It’s very expensive to live in The City. So if we want folks to be coming downtown, and using the space more, we need folks to locate in San Francisco, which has not been on the forefront of housing development. California is not at the forefront of housing development.”

“(As for) transportation, a lot of our members are having concerns (about) their employees literally getting in and out of the city and getting to their offices. So we are advocating for better solutions from Muni and BART. That is important. Other perspectives? The state of the streets. Everybody says that. SF Travel is saying it, hospitals are saying it, every single association says the state of our streets has to change.”

For the record, sf.citi stands aligned with Mayor London Breed’s current plan to clean things up.

“We support the mayor’s initiatives, everything that she needs for public safety,” said Stojkovic. “But they’re not all tenable at the board level. We think that we need to be realistic about this. “

Conway and his organization have had some wins over the years, helping to make San Francisco startup-friendly while also advocating for improvements in local governance. For instance, this past year’s annual report shows they were heavily focused on mapping The City’s tech exodus and helping City Hall grapple with remote work, remote school and a remote population downtown.

Going forward, the organization’s new leadership wants to focus on keeping San Francisco relevant in the startup scene and helping to reenvision the city’s traditional downtown work spaces. From where I sit, this is core to our future success.

I grew up in Cleveland, Ohio. The region was the Silicon Valley of the Industrial Age, booming beyond belief in the 1910s and 1920s. The post-war era was a time of prosperity as well. Just like San Francisco, the civic leaders believed the boom times would last indefinitely. But as the companies and factories started moving out, seeking cheaper labor elsewhere, a slow decline began that bottomed out during my childhood.

To Cleveland’s credit, the city has reinvented itself behind strong ties to biomedicine and life sciences, due in large part to institutions like the Cleveland Clinic and Case Western Reserve University. But that took decades, and it’s still very much a work in progress. The key is to make sure you don’t hit bottom and have to build back from scratch.

trust me I’ve seen a downtown die. It’s not a pretty sight.

Editor’s note: The Arena, a column from The Examiner’s Al Saracevic, explores San Francisco’s playing field, from politics and technology to sports and culture. Send your tips, quips and quotes to asaracevic@sfexaminer.com.

The post Opinion: Has San Francisco misplaced its spot because the world’s tech capital? appeared first on Los Gatos News And Events.

“The Hyatt Place San Francisco Downtown is an excellent addition to our portfolio. The brand, market, and specific location fit our strategy to acquire best-in-class hotels in prime markets,” stated Ryan Phelps, DCC’s Chief Investment Officer. “We are thrilled to make this acquisition and look forward to our 2022 pipeline of opportunities,” concluded Phelps.

The twelve-story hotel features 230 guest rooms, 4,300 square feet of retail space, a lobby bar, and a 24/7 market. The Hyatt Place is between the lively South of Market (SoMa) and Mission Bay neighborhoods known for world-class dining, museums, and business. Nearly adjacent to Oracle Park, it is also within walking distance of Chase arena, home to the NBA’s Golden State Warriors, and the Moscone Convention Center. In addition, public transportation, including light rail and Caltrain, is within a city block, providing access to all that san francisco offers. The hotel opened in Jan 2019.

This purchase early in 2022 continues the pattern of dynamic growth exhibited by the acquisition of seven properties across the US in 2021.

About Dynamic City Capital
Dynamic City Capital (DCC) is a privately held real estate investment and asset management firm with three decades of experience in hospitality. During its 30+ year history, DCC has placed hundreds of millions of dollars of capital on behalf of its investment partners. After opening the first Marriott® franchised hotel in the state of Utah in 1991, DCC has been involved in the development, acquisition, and management of hotel assets throughout the United Statesrepresenting the premium-branded hotel families of Hilton®Hyatt, IHG®and Marriott®. For additional information, please visit www.dynamiccity.com.

SOURCE Dynamic City Capital

The post Dynamic Metropolis Capital Completes Acquisition of Hyatt Place San Francisco Downtown appeared first on Los Gatos News And Events.

SAN FRANCISCO & CARROLLTON, Texas – (BUSINESS WIRE) – Golden Gate Capital, a leading private equity investment firm, and All My Sons Moving & Storage founder and CEO Robert Peterson today announced the recapitalization of All My Sons, a leading provider of world-class moving and storage services . Mr. Peterson will continue to lead the company from its headquarters in Carrollton, TX and remain a significant shareholder. Financial terms were not disclosed.

All My Sons was founded in 1992 and is a family business with almost 30 years of moving experience. The company operates 75 locations in 29 states and focuses primarily on local removals with professional and efficient moving services tailored to a wide range of customer needs. All My Sons’ business model differs through an industry-leading technology platform that drives lead generation, security and operational efficiency, and enables the company to deliver a highly personalized customer experience.

Mr. Peterson said, “Thanks to our dedicated team and a successful partnership with Sterling Investment Partners, All My Sons has continued its rapid growth over the past decade and established itself as the most effective and efficient provider of moving and storage services in the United States.” Conditions. With proven successful partnerships with founder-run companies, Golden Gate Capital is the perfect partner to accelerate our growth and further develop our world-class customer experience. We look forward to working with the Golden Gate Capital team to take advantage of the opportunities that arise. ”

Mike Montgomery, Managing Director at Golden Gate Capital, said, “We are very excited to be working with Robert and the All My Sons team. They have built a market leading platform backed by proprietary systems and processes that deliver an unparalleled customer experience. With clear leadership in the 54 markets it serves, All My Sons is well positioned to continue to gain market share in a highly fragmented market as it remains true to its mission to transport customers safely, comfortably and confidently. We look forward to helping the company seize the many opportunities that lie ahead. ”

Neale Attenborough, Operating Partner at Golden Gate Capital, commented, “We have great respect for Robert and his longstanding leadership team. Driven by an entrepreneurial spirit and commitment to constant innovation, they have built a huge company with significant growth opportunities, including new entries and expansion into adjacent categories. We look forward to leveraging our expertise in partnering with strong, founder-led companies to support the next era of All My Sons growth. ”

Charles Santoro, Managing Partner and Founder of Sterling Investment Partners, added, “We are proud of our partnership with Robert and his outstanding team, who have positioned the company well to continue its strong momentum. We are confident that the company has a very bright future and that it will continue to be successful in partnership with Golden Gate Capital. ”

Ropes & Gray LLP and Nob Hill Law Group PC served as legal advisor to Golden Gate Capital. Norton Rose Fulbright acted as legal advisor and William Blair & Company LLC acted as chief financial advisor to All My Sons. Piper Sandler Companies and Harris Williams LLC also served as advisors to the company.

About All My Sons Moving & Storage

For nearly 30 years, All My Sons Moving & Storage has built a solid reputation and won the trust of its customers. The company offers full-service removals for customers and companies on site and across national borders. The first-class services include moving, wrapping furniture with quilts and their dismantling and reassembly, packing and unpacking.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment company with accumulated committed capital of over $ 19 billion. Golden Gate Capital’s principles have a long and successful history of investing in a wide variety of industries and types of transactions, including going private, business disposals and recapitalizations, and debt and public equity investments. Notable multi-unit consumer investments sponsored by Golden Gate Capital include Tidal Wave Auto Spa, The Learning Experience, and Mavis Express Tire Services. More information is available at www.goldengatecap.com.

About Sterling Investment Partners

Sterling Investment Partners is a private equity firm that has invested in and built medium-sized companies for over 30 years with a highly experienced, coherent team of senior investment professionals. Sterling focuses on value-adding sales and business services, acquiring companies that it believes have strong, sustainable competitive advantages and significant value opportunities. Throughout its history, Sterling has completed over 180 transactions with a gross deal value of $ 19.4 billion. www.sterlinglp.com

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