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Transactions / D•• H••••••• L••

New M••••••• Capital Completes Investment in DRB Systems

Sponsor to sponsorannouncedannounced Oct 9, 2017Fact
What happened
Target
D•• H••••••• L••
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
unknown
Target location
OH, US
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
10 named
Buy side
  • J••• Q•••Deal partnerconfirmed
    ““The combination of a high-value solution and best-in-class customer support is a powerful offering,” said J••• Q•••, Director of New M•••••••.”
  • P••• M••••••Deal partnerconfirmed
    ““DRB’s market leading position is the result of its high-quality solutions and the strong return on investment that the company delivers to its customers,” said P••• M••••••, Managing Director of New M•••••••.”
  • B•••• D••••••Deal partnerconfirmed
    ““P•••••• partnered with the founders and managers of DRB to build the company into an enterprise capable of capturing the accelerating demand for technology solutions in the car wash industry,” commented B•••• D••••••, Founding Partner of P•••••• C••••••.”
  • N•• M••••••• C••••••• L••Sponsorconfirmed
    “Akron, OH, and New York, NY, October 9, 2017 – D•• H••••••• L•• (“DRB”), a leading provider of technology-enabled devices and software solutions to the car wash industry, today announced an investment from New M••••••• Capital LLC (“New M•••••••”), a leading growth-oriented investment firm headquart”
Sell side
  • P•••••• C••••••Sellerconfirmed
    “P•••••• C•••••• is a growth-oriented private investment firm that focuses on partnering with founder and family-owned businesses in the lower middle market.”
Advisory side
  • B•••••••• P•••••••Financial adviserconfirmed
    “B•••••••• P••••••• served as exclusive financial advisor to DRB and P•••••• C••••••, and K••••••• • E•••• L•• served as legal counsel to DRB and P•••••• C••••••.”
  • W•••••• F••• • G•••••••• L••Legal adviserconfirmed
    “W•••••• F••• • G•••••••• L•• provided legal counsel to New M••••••• Capital.”
  • K••••••• • E•••• L••Legal adviserconfirmed
    “B•••••••• P••••••• served as exclusive financial advisor to DRB and P•••••• C••••••, and K••••••• • E•••• L•• served as legal counsel to DRB and P•••••• C••••••.”
Side not stated
  • B••• M•••••••••Managementconfirmed
    ““The entire DRB leadership team is looking forward to the exciting times that lie ahead as a result of this new investment,” commented B••• M•••••••••, Chief Executive Officer of DRB.”
  • D•• H••••••• L••Targetconfirmed
    “New M••••••• will acquire DRB from P•••••• C•••••• L.P. (“P•••••• C••••••”), a Chicago, Illinois-based private investment firm.”
Evidence
“New M••••••• will acquire DRB from P•••••• C•••••• L.P. (“P•••••• C••••••”), a Chicago, Illinois-based private investment firm.”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 15, 2026
New M••••••• Capital Completes Investment in DRB Systems | Private Equity Intelligence | DFX