The transaction is comprised of $800 million in cash at closing, $200 million subject to achieving certain 2025 financial metrics and $200 million subject to a multi-year earnout.
Headquartered in Bunnell, Florida, Yellowstone is a provider of commercial landscape services.
The sellers are Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre.
Lemon Pepper is the franchisee for Wingstop in the UK and Ireland.
Azureon is a US-based pool care platform.
Prior to joining HEP, Rauber was an associate at Northlane Capital Partners.
At the completion of the transaction, American Securities will no longer be an owner of Birch Grove, which will become a subsidiary of Third Point.
Diagram is a Italian agritech business, headquartered in Emilia-Romagna, Italy.
Sila Services is a home services platform, operating over 35 brands throughout the Northeast, Mid-Atlantic, and Midwest.
Ziyad Brothers is a Chicago-based provider of Middle Eastern and Mediterranean products.