Mergers & Acquisitions
Powerhouse Retail Acquires Dent Enterprises
Powerhouse Retail Services LLC, a portfolio company of Lincolnshire Management Inc., a private equity firm, focused on investing in and growing middle market companies across an array of industries, has acquired Dent Enterprises LLC, a outsourced business services provider to the retail, foodservice, financial, hospitality and health care industries. The acquisition provides additional estimation and contractor capacity to Powerhouse’s already existing facilities maintenance service offering.
“The acquisition of Dentco is another major milestone as we continue to thoughtfully build out Powerhouse’s national platform with robust and differentiated capabilities to support customers’ construction and facilities maintenance needs,” said T.J. Maloney, chairman and CEO of Lincolnshire Management. “Given the strong customer bases of both companies, we see significant opportunities for Powerhouse and Dentco to leverage their combined expertise to seize unique market opportunities and capitalize on a secular shift towards outsourcing exterior services.”
“Dentco and Powerhouse are highly complementary, and we will continue to look for new opportunities and additional services to add to this exciting combined platform,” said Pieter Kodde, a managing director at Lincolnshire Management. “Dentco’s unrivaled strength in exterior services, together with Powerhouse’s large national customer base results in a very powerful combination that we are confident will increase the combined company’s exterior service capabilities.”