Lincolnshire Management Inc. invested in three outsourced business services companies and created a platform providing refresh, remodel and facilities maintenance services.
The businesses receiving capital injections from the middle-market private equity firm were Powerhouse and Security Vault Works Inc. and complementary add-on to the latter One Source Security & Sound Inc.
Powerhouse provides multi-site rollouts, refresh and ongoing facilities maintenance services. Security Vault installs self-service kiosks and automated teller machines for financial institutions.
Cerberus Capital Management LP provided financing on the transaction, financial terms of which were not disclosed.
Baird Global Investment Banking served as an adviser to Powerhouse. SunTrust Robinson Humphrey served as adviser to Lincolnshire, while Kirkland & Ellis LLP was its legal counsel.