Richmond, Va. — Marriott & Co., a premier middle-market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Richmond Traffic Control, Inc. (“RTC” or the “Company”) in its sale to Moeris, a full-service traffic control company that is a portfolio company of Caymus Equity, a small-business focused private equity firm. The transaction closed on February 27, 2026. Terms of the transaction were not disclosed. This represents Marriott & Co.’s second successful transaction in the traffic control industry in the past year.
Founded by Ricky Edwards and Tom Kinsling in 2008, Richmond Traffic Control is a full-service provider of work zone traffic control products and services across Virginia. The Company provides its customers with a variety of services and products including installing lane closures and detours, performing flagging and mobile operations, installing signs, and renting and selling a full line of traffic control devices including truck mounted attenuators (TMAs), portable changeable message signs, arrow boards, signs, drums, cones and lights. RTC is headquartered in Ashland, VA and operates three locations across Virginia.
Ricky Edwards, Co-Founder of RTC, said, “This is a great outcome for Richmond Traffic Control, our customers and our employees as we believe Moeris will continue to build upon the strong reputation of integrity, safety and customer service that have been integral to RTC’s success over the past 18 years. I would like to thank the Marriott & Co. team for guiding us through this process of finding a great owner for our company.”
Added Tom Kinsling, Co-Founder of RTC, “We had a great experience working with the Marriott & Co. team to achieve this successful sale of RTC. Their team took the time to understand our key objectives up front, and then they created and executed upon a detailed and organized sale process to achieve those goals. Their team was responsive, hands-on and critical to the success of this transaction.”
“We are grateful to Ricky and Tom for entrusting us to advise on this major event in the history of Richmond Traffic Control,” said Bryan Burden, Managing Director of Marriott & Co., “They built a great business and we are happy to have played a role in helping them achieve a smooth ownership transition to another company that will continue to build upon their legacy. We wish Ricky and Tom, the Moeris team and the Caymus team all the best in the future.”
Justin Marriott, Managing Director of Marriott & Co., commented, “We are excited to announce our second transaction in the traffic control industry over the past year. This sector continues to see a high level of M&A activity driven by strong industry tailwinds such as continued infrastructure investment across the U.S., along with many well-capitalized larger companies seeking geographic growth via acquisition. We expect to stay active in assisting other closely-owned traffic control companies in sale transactions in the years to come.”
About Richmond Traffic Control:
Founded in 2008 and headquartered in Ashland, VA, Richmond Traffic Control (“RTC”) is a full-service provider of work zone traffic control products and services across Virginia. The Company provides its customers with a variety of services and products including lane closures and detours, flagging, sign installation, and rental and sales of traffic control equipment. RTC operates three locations in Central Virginia, Northern Virginia and Tidewater Virginia. For more information, please visit www.richmondtcinc.com.
About Moeris:
Moeris is a roadway safety and traffic control organization dedicated to protecting drivers, workers and communities during construction. Through its family of local operating companies, Moeris provides traffic control, barrier systems, pavement marking and sign installation services across infrastructure and heavy civil markets, while preserving local leadership and identity. For more information, visit www.moerisusa.com.
About Caymus Equity:
Caymus Equity is a leading small-business focused private equity firm founded in 2001. The firm focuses on control investments in the lower middle market, targeting profitable businesses with significant growth potential. Caymus Equity seeks to partner with owners and management teams seeking a value-added investor to help accelerate growth. These partnerships share similar culture, values, and strategic goals, forming the basis for long-term, sustainable value creation. Caymus Equity works closely with management to develop and refine strategy, while empowering operators to lead day-to-day execution. For more information, please visit www.caymusequity.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to RidgeRock Retaining Walls, LLC (“RidgeRock” or the “Company”) in its recapitalization by Cornerstone Capital Partners, Inc. (“Cornerstone”), a leading private equity firm dedicated to investing across the lower middle market in distribution, business services and manufacturing companies. Debt and equity to support the recapitalization were provided by Source Capital and Everside Capital Partners. The transaction closed on October 14, 2025. Terms of the transaction were not disclosed.
Founded in Charlotte, NC in 1998, RidgeRock has expanded over the decades to become a leading value-added distributor of proprietary and patented segmental concrete blocks to commercial, residential, industrial, and municipal contractors and installers, for use in retaining wall construction. RidgeRock sells a robust portfolio of products, including proprietary and patented segmental concrete blocks and proprietary synthetic geogrid to a diversified customer base across a number of end markets within the retaining wall industry. The Company is led by President John Tysinger and Vice President of Operations Zack Tysinger who joined the Company after a recapitalization of the business in 2019 led by the Tysinger family. Under John and Zack’s leadership over the past five years, RidgeRock has experienced rapid growth and has developed a talented and dedicated leadership team.
“I am excited about our new partnership with Cornerstone Capital Partners and can’t wait to embark on this next phase of growth for RidgeRock. In Cornerstone, we have partnered with a firm that truly understands our unique culture and customer-driven business model, and I am confident they will help us achieve our strategic growth objectives in the future,” said John Tysinger, President of RidgeRock. “I would also like to thank the Marriott & Co. team for guiding us through this process that resulted in such a terrific outcome. They were hands-on, responsive and ran a highly effective transaction process.”
Added Zack Tysinger, Vice President of Operations of RidgeRock, “Choosing a partner for RidgeRock was such an important decision to get right because this company has meant so much to our employees, our customers, and our shareholders from the 2019 recapitalization. Cornerstone checks all the boxes we were looking for in a new ownership partner, and I believe we will be very well positioned for exciting continued growth with their assistance. As John mentioned, we truly appreciate all that the Marriott & Co. team did to help us identify an investment partner that aligns so well with our core values.”
“We appreciate the RidgeRock team for allowing us with the opportunity to advise the Company on such an important transaction,” said Justin Marriott, Managing Director of Marriott & Co., “The RidgeRock team was a pleasure to work with every step of the way, and we look forward to watching their continued success in this new partnership.”
About RidgeRock Retaining Walls:
Founded in 1998, RidgeRock Retaining Walls (“RidgeRock” or the “Company”) is a leading value-added distributor of proprietary and patented segmental concrete blocks used in the construction of segmental retaining walls to commercial, residential, industrial, and municipal contractors and installers. The Company is headquartered in Charlotte, NC and serves a diverse base of customers across the Mid-Atlantic and Southeast. With a dedication to providing unrivaled customer service and a robust product offering, the Company has developed a highly respected reputation as a leader in the retaining wall industry. For more information, visit www.ridge-rock.com.
About Cornerstone Capital Partners, Inc.: Cornerstone Capital Partners, Inc., a private investment firm founded in 1990, acquires or recapitalizes companies with the potential for profitable growth. Cornerstone’s strategy is centered on investing in lower middle market companies with strong management, an attractive business model, and the potential to develop a leading market position. Cornerstone invests in companies that manufacture or distribute commercial and industrial products or provide business services. For more information, visit www.cornerstonecappartners.com.
About Source Capital: Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com.
About Everside Capital Partners:
Everside Capital Partners is an SEC-registered investment advisor, as well as a SBIC (Small Business Investment Company) license holder based in New York, NY. With over $2.1 billion in assets under management across its vehicles, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts. For more information, please visit us at www.everside.com.
About Marriott & Co.: Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Privé Med Spa (the “Company”), a leading medical aesthetics practice located in Lexington, KY in its partnership with Alpha Aesthetics Partners. Alpha Aesthetics Partners is a portfolio company of Thurston Group, a healthcare-focused private equity firm headquartered in Chicago, IL. The transaction closed on September 30, 2025. Terms of the transaction were not disclosed.
Since its founding, Privé Med Spa has become widely recognized for its expertise in premier medical spa services, including advanced injections and laser treatments. The Company is led by co-founders Brandice Harrison, PA-C, a highly respected practitioner known industry-wide for her patient-focused approach and outstanding clinical results, and Becky McDonald, who leads operations and has been pivotal to the Company’s tremendous growth since its founding.
By partnering with Privé, Alpha strengthens its dedication to empowering aesthetic practices nationwide. This collaboration ensures that practices can leverage the benefits of a national platform while preserving their unique clinical identities and operating independently.
Brandice Harrison, PA-C and Co-Founder of Privé Med Spa, praised the Marriott & Co. team for their support in achieving this outcome: “This partnership with Alpha Aesthetics Partners marks an exciting new chapter for Privé. Our mission has always been to provide safe, effective, and personalized care, and this collaboration provides us with the resources and support to expand while continuing to serve our patients at the highest level.”
Becky McDonald, Co-Founder at Privé Med Spa, added: “Partnering with the Marriott & Co. team was absolutely pivotal for us. From day one, their unwavering support, deep expertise, and thoughtful guidance gave us the confidence to move forward with clarity and purpose. They weren’t just advisors — they were true partners in every sense. This milestone would not have been possible without them, and we’re incredibly excited about what this next chapter means for our team and the patients we’re privileged to serve.”
Justin Marriott, Managing Director of Marriott & Co., commented: “The medical aesthetics sector continues to experience rapid growth and significant M&A activity. It was an honor to facilitate this transaction for Privé with Alpha Aesthetics Partners. Working with Brandice, Becky, and their talented team was a pleasure, and we wish them continued success in this exciting new chapter. The Privé team will be another significant asset to the already impressive Alpha platform.”
About Privé Med Spa: Privé Med Spa is a premier medical spa located in Lexington, KY offering advanced aesthetic services including injectables, laser treatments, and skincare solutions. Founded by Brandice Harrison, PA-C, and Becky McDonald, Privé is dedicated to providing patients with a luxury experience paired with clinical expertise. For more information, please visit www.privemedicalspa.com.
About Alpha Aesthetics Partners: Alpha Aesthetics Partners is a premier medical aesthetics platform, offering partners the best in clinical training, administrative support, strategic insights, team culture, leadership development, marketing, industry connections, and partner experience. Alpha Aesthetics Partners is backed by Thurston Group, a private equity firm specializing in growing healthcare companies. For more information, please visit www.partnerwithalpha.com.
About Marriott & Co.: Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Jet Blast, Inc. (“Jet Blast” or the “Company”) in its sale to an undisclosed buyer. The transaction closed on September 1, 2025. Terms of the transaction were not disclosed.
This represents Marriott & Co.’s second successful transaction in the specialized industrial cleaning services industry in the past two years, following its sale of Arrowhead Environmental Services last year.
Founded in 1979 and headquartered in Baltimore, MD, Jet Blast is a leading provider of specialized industrial services including tank cleaning, vacuum truck services, hydro blasting, and other related services. The Company provides these mission-critical services to a number of industrial and government customers operating industrial and municipal infrastructure facilities in the Mid-Atlantic U.S. such as chemical plants, water treatment plants, marine facilities and others.
“This is a great outcome for our company, our employees and our customers,” said Ed Jefferson Sr., President of Jet Blast, “I would like to thank Marriott & Co. for their hands-on professional guidance throughout the sale process that led to such a terrific result.”
“It was such an honor to help Jet Blast in this transaction,” said Bryan Burden, Managing Director of Marriott & Co., “Over the past 46 years, Jet Blast has built a reputation of delivering best-in-class industrial cleaning services to some of the top commercial and government entities in the greater DC/Maryland/Virginia market, and we are pleased to see the company’s ownership transition to a buyer that will continue to build upon that impressive legacy.”
Added Justin Marriott, Managing Director of Marriott & Co., “We continue to see a strong level of M&A activity in attractive sectors such as specialized industrial cleaning services. This is an industry in which the recurring nature of the work supported by aging facilities and infrastructure, combined with a high degree of market fragmentation, make it an attractive industry for continued M&A activity for years to come.”
About Jet Blast:
Founded in 1979 and headquartered in Baltimore, MD, Jet Blast is a leading provider of specialized industrial services including tank cleaning, vacuum truck services, hydro blasting, and other related services. The Company provides these mission-critical services to a number of industrial and government customers operating industrial and municipal infrastructure facilities in the Mid-Atlantic U.S. such as chemical plants, water treatment plants, marine facilities and others. For more information about Jet Blast, visit www.jetblast.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle-market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to P.D. Brooks Co., Inc. (“P.D. Brooks” or the “Company”) in its sale to Right Traffic, a full-service traffic control company with offices across North America. The transaction closed on March 3, 2025. Terms of the transaction were not disclosed.
Since its founding in 1962, P.D. Brooks has built a strong reputation for delivering high-quality traffic control solutions across Virginia with a commitment to safety. The Company provides its customers with a variety of services including full-service traffic control services, special event planning services, and rental and sales of traffic control equipment. P.D. Brooks is headquartered in Mechanicsville, VA and operates four locations across Virginia.
Sarah Brooks, President and Co-Owner of P.D. Brooks, said, “P.D. Brooks was founded by my grandfather and has been a part of my family for over 60 years, so this transaction was a very significant undertaking for me. Marriott & Co. did an outstanding job of guiding us through the process, generating interest in our company, and managing every single important detail that went into this successful outcome.”
Frank Payne, Vice President and Co-Owner of P.D. Brooks, added, “This partnership with Right Traffic marks an exciting new chapter for P.D. Brooks, allowing us to strengthen our operations and expand our footprint while maintaining the high standards and responsive service that our customers demand. I would like to thank Marriott & Co. for their guidance, expertise, and dedication throughout the process that were critical in making this transaction with Right Traffic a reality.”
“P.D. Brooks is a great company with a proud history, and it was such an honor to work with Sarah, Frank and the rest of the P.D. Brooks team on this momentous event in the Company’s history. We truly enjoyed working with them every step of the way and wish them all the best in the future,” said Bryan Burden, Managing Director of Marriott & Co.
Justin Marriott, Managing Director of Marriott & Co., commented, “The traffic control services sector is experiencing consistent growth and an overall trend towards consolidation, as the major players in the industry seek to capitalize on the positive tailwinds – such as infrastructure investment – and look to expand geographically via acquisition of well-established regional companies. We expect this trend to continue and look forward to assisting other closely-owned companies achieve their strategic goals.”
About P.D. Brooks Co., Inc.:
Founded in 1962 and headquartered in Mechanicsville, VA, P.D. Brooks Co., Inc. is a leading provider of traffic control services, including lane closures, flagging, special event planning, work-zone safety solutions, and rental and sales of traffic control equipment. The Company serves a diverse range of clients in the transportation and infrastructure sectors across Virginia and operates four physical office locations. For more information, please visit www.pdbrooks.com.
About Right Traffic:
Headquartered in Beaver, Pennsylvania, Right Traffic is a full-service traffic control company with offices across North America. With thousands of highly trained professionals using industry-leading technology, Right Traffic works with national, regional, and local companies to keep workers safe and traffic moving smoothly for hundreds of millions of people everyday. For more information, please visit www.righttraffic.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Grayson Brown to Associate at the firm. Grayson joined Marriott & Co. in 2022 and focuses on executing M&A and capital advisory transactions for the firm’s closely-held business clients across a variety of industries.
“We are excited to congratulate Grayson on this well-deserved promotion,” said Justin Marriott, Managing Director and Founder of Marriott & Co. “Grayson’s strong analytical skills and work ethic have made him a key contributor to our firm’s success during his time here, and I look forward to his continued efforts.”
Added Bryan Burden, Managing Director of Marriott & Co., “During Grayson’s tenure here at the firm, we have successfully closed nine M&A transactions, and he has played a significant role on a number of those. Our clients enjoy working with Grayson and so does our internal team, so I am happy for him to be recognized with this promotion.”
Prior to joining Marriott & Co., Grayson graduated from the University of Virginia where he received a Bachelor of Arts degree in Economics and a minor in Business Entrepreneurship. Following his undergraduate experience, Grayson graduated from the University of Virginia’s McIntire School where he received a Master of Science degree in Commerce with a concentration in Finance.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to W.S. Connelly & Co. Inc. (“WSC” or the “Company”) in its recapitalization by Incline Equity Partners (“Incline”), a leading private equity firm dedicated to investing across the middle market in distribution, business services and manufacturing companies. The transaction closed on May 24, 2024. Terms of the transaction were not disclosed.
Founded in the 1950s by Willard S. Connelly as a simple feed ‘n’ seed business in Roanoke, VA, WSC expanded over the decades to become a leading value-added distributor of consumable products used in the maintenance and development of commercial and residential turf and landscapes serving customers across the East Coast and Midwest. The Company sells a robust portfolio of products, including seeds, fertilizer, control products, erosion control products and many others, to a diversified customer base across a number of end markets within the “green industry” including lawn care, landscape, horticulture and arboriculture, golf, erosion and sediment control, and sports turf. Today, the Company is headquartered in Richmond, VA and is led by grandsons of the Founder, Patrick Connelly (CEO) and Kevin Connelly (President). Under Patrick and Kevin’s leadership, WSC has experienced rapid growth – both organically and via acquisition – and has developed a talented and dedicated leadership team and employee base across its 15 service centers located in five different states.
“I am excited about our new partnership with Incline Equity Partners and can’t wait to embark on this next phase of growth for W.S. Connelly. In Incline, we have partnered with a firm that truly understands our unique culture, and I am confident they will help us achieve our strategic growth objectives in the future,” said Patrick Connelly, CEO of WSC, “I would also like to thank the Marriott & Co. team for guiding us through this process that resulted in such a terrific outcome. The Marriott & Co. team shares a lot of the same qualities that we value here at WSC – including a high-touch approach to customer service, relentless work ethic and extreme competitiveness – so we worked very well together as a collective team.”
Added Kevin Connelly, President of WSC, “Choosing a partner for WSC was such an important decision to get right because this company has meant so much to our family and our employees going back to the 1950s. Incline brings everything to the table that we were seeking in an investment partner. Most importantly, I believe this is an extraordinary opportunity for our dedicated team of employees as we look grow at an even more accelerated pace going forward. As Patrick mentioned, we truly appreciate all that the Marriott & Co. team did to help us identify an investment partner that aligns so well with our core values.”
“We appreciate Patrick and Kevin allowing us with the opportunity to advise WSC on such an important transaction,” said Justin Marriott, Managing Director of Marriott & Co., “The WSC team was great to work with every step of the way, and we look forward to watching their continued success in this new partnership.”
Matt Improta, Managing Director of Marriott & Co. said, “Our firm is thrilled to have played a role in this transaction, and we believe that Incline’s expertise will complement what the WSC team does well which should be exciting to watch in the coming years. We thoroughly enjoyed working with the WSC team and the Incline team as well.”
Added Bryan Burden, Managing Director of Marriott & Co., “We have long admired what Patrick, Kevin and the rest of the WSC team have built over the years as a successful third-generation family business, so it was very rewarding to have the opportunity to advise the Company on this momentous transaction. We wish them all the best going forward.”
About W.S. Connelly & Co.:
Founded in the 1950s, W.S. Connelly & Co. (“WSC” or the “Company”) is a leading value-added distributor of consumable products used in the maintenance and development of commercial and residential turf and landscapes. The Company is headquartered in Richmond, VA and serves a diverse base of customers across the East Coast and Midwest from its 15 service centers. With a dedication to providing unrivaled customer service and a robust product offering, WSC has developed a highly respected reputation as a leader in the “green industry.” For more information, visit www.wsconnelly.com.
About Incline Equity Partners:
Incline Equity Partners is a leading private equity firm dedicated to investing across the middle market in distribution, business services and manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada. For more information, visit www.inclineequity.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Dontage, LLC (the “Company”), a renowned medical aesthetics practice located in Fairfax, VA in its partnership with Alpha Aesthetics Partners. Alpha Aesthetics Partners is a portfolio company of Thurston Group, a healthcare-focused private equity firm headquartered in Chicago, IL. The transaction closed on May 14, 2024. Terms of the transaction were not disclosed.
Since its founding in 2017, Dontage has become highly respected for its unparalleled expertise and precise techniques in advanced injections and laser treatments. The Company is led by its Founder, Waseem Garbia, PA-C, an Allergan Certified Master Injector and one of the leading injectors on the East Coast. Mr. Garbia has trained thousands of aesthetic medical providers across the U.S. and Canada, serving as a national trainer for both Allergan and MedAesthetics.
By partnering with Dontage, Alpha strengthens its dedication to empowering aesthetic practices. This collaboration ensures that these practices can leverage a national platform’s benefits while preserving their unique clinical identities and operating independently.
Waseem Garbia, PA-C, Founder and Master Injector at Dontage, praised the Marriott & Co. team for their crucial role in achieving a remarkable outcome for his Company. “This transaction was a significant milestone for both my company and myself, so having an experienced M&A advisor was essential,” Mr. Garbia stated. “Marriott & Co.’s hands-on approach, responsiveness, and expertise in managing an efficient transaction process were vital to the success of this transaction. This collaboration positions us perfectly to enhance our growth and continue delivering outstanding care to our patients.”
Justin Marriott, Managing Director of Marriott & Co., commented, “The medical aesthetics sector is currently undergoing rapid expansion, accompanied by heightened levels of sustained M&A activity. It was an honor to facilitate the significant transaction for Dontage with Alpha Aesthetics Partners. Working with Waseem and his team was a pleasure. We extend our best wishes to Dontage for continued success in their new partnership.”
About Dontage, LLC:
Established in 2017, Dontage is a distinguished medical aesthetics practice located in Fairfax, VA. It offers advanced injections and laser treatments, serving patients in Northern Virginia and the Greater Washington, D.C. area. The practice is led by its Founder, Waseem Garbia, PA-C, an Allergan Master Injector and a national trainer for Allergan and MedAesthetics. For more information, please visit www.dontageva.com.
About Alpha Aesthetics Partners:
Alpha Aesthetics Partners is a premier Medical Aesthetics platform, offering partners the best in clinical training, administration support, strategic insights, team culture, leadership development, marketing, industry connections, and partner experience. Alpha Aesthetics Partners is backed by Thurston Group, a private equity firm specializing in growing healthcare companies. For more information, please visit www.partnerwithalpha.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Arrowhead Environmental Services (“Arrowhead” or the “Company”) in its sale to Superior Environmental Solutions (“SES”), a portfolio company of private investment firm Palladium Equity Partners. The combination broadens SES’s geographic reach into the Southern Mid-Atlantic market, where Arrowhead is based, and expands SES’s position as a leading provider of environmental and industrial services in the Midwestern and Southeastern U.S. The transaction closed on May 13, 2024. Terms of the transaction were not disclosed.
With approximately 50 employees and 75 active customers throughout the Central Virginia area, Arrowhead represents one of SES’s largest acquisitions to date.
Founded in 2006 by Mike Luter and headquartered in Windsor, VA, Arrowhead is a leading provider of environmental and specialized industrial services including tank cleaning, vacuum truck services, hydro blasting, and other related services. The Company provides these mission-critical services to a number of customers operating industrial facilities in the Southern Mid-Atlantic U.S. in a wide variety of industries including consumer goods, chemicals, wastewater treatment and others. Arrowhead has been recognized on Inc. Magazine’s “Inc. 5000” ranking of the nation’s fastest-growing private companies multiple times.
“I am very excited about the combination of Arrowhead with SES and am confident it will serve the best interests of our valued employees and customers. In aligning with SES, we are partnering with a company with a strong culture of excellence and a private equity sponsor in Palladium, who brings decades of experience investing in founder-owned businesses,” said Mike Luter, Founder of Arrowhead, “I would like to thank Marriott & Co. for the critical role they played in the process of identifying a fantastic partner for Arrowhead and our people. As the Founder of Arrowhead, it was extremely important that I had a firm with proven M&A process expertise that I trusted on my side when I made the decision to explore a sale. Marriott & Co. delivered every step of the way to ensure this transaction was smooth and successful.”
“We are honored that Mike provided us with the opportunity to advise Arrowhead on such an important transaction,” said Bryan Burden, Managing Director of Marriott & Co., “We thoroughly enjoyed working with him and the rest of the Arrowhead team, and we believe the Company is poised to continue achieving great things under this new partnership with SES.”
Added Justin Marriott, Managing Director of Marriott & Co., “We continue to see an uptick in overall M&A activity this year, and we believe high-quality, entrepreneurial companies like Arrowhead have many attractive options from which to choose when seeking a potential ownership transition in today’s market.”
About Arrowhead Environmental Services:
Founded in 2006 by Mike Luter and headquartered in Windsor, VA, Arrowhead is a leading provider of environmental and specialized industrial services including tank cleaning, vacuum truck services, hydro blasting, and other related services. The Company provides these mission-critical services to a number of customers operating industrial facilities in the Southern Mid-Atlantic U.S. in a wide variety of industries including consumer goods, chemical, wastewater treatment and others. For more information about Arrowhead, visit www.arrowheadenv.com.
About Superior Environmental Solutions:
Superior Environmental Solutions (“SES”) is a leading provider of comprehensive, vertically integrated environmental and industrial services, including emergency response, hydro blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal, and related, complementary services. For more information about SES, visit www.sesinc.com.
About Palladium Equity Partners, LLC:
Since its founding in 1997, Palladium has invested in more than 210 companies (40 platforms and more than 170 add-ons). With over $3.7 billion in assets under management, the firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital and strategic guidance. The partners of the firm have meaningful experience in consumer, services, industrials, and healthcare businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population. For more information, visit www.palladiumequity.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Robert B. Payne, Inc. (“Robert B. Payne” or the “Company”) in its sale to United Air Temp, Air Conditioning and Heating LLC (“UAT”), a portfolio company of Charlotte, NC-based private investment firm Summit Park. The transaction closed on January 10, 2024. Terms of the transaction were not disclosed.
Founded in 1930, Robert B. Payne is a leading provider of residential heating, ventilation, and air conditioning (“HVAC”) services and is headquartered in Fredericksburg, VA. The Company provides maintenance and replacement services to residential homeowners, as well as specialty services including fuel oil distribution. Robert B. Payne has been led most recently by third-generation members of the founding family, Robert B.P. Thompson (“Bob”) and R. Cameron Thompson III.
“This is a great outcome for our company, our employees and our customers,” said Robert B.P. Thompson, former President and Owner of Robert B. Payne, “I am pleased that UAT shares many of our core values and will continue to build upon the strong culture of integrity and customer service that have been the cornerstones of Robert B. Payne’s success. I would like to express my gratitude to the Marriott & Co. team for leading us through this process of finding a great owner of this company that has meant so much to our family over the past nearly 100 years.”
Added R. Cameron Thompson III, former Secretary Treasurer and Owner of Robert B. Payne, “It was apparent from when we first met the Marriott & Co. team that they clearly understood our goals in this transaction. They created an effective strategy to achieve those goals and then flawlessly executed that plan. We sincerely appreciate all that their team did to help generate this successful outcome.”
“We are so appreciative for the opportunity to advise the Robert B. Payne team on this momentous transaction,” said Bryan Burden, Managing Director of Marriott & Co., “We enjoyed working with Bob, Cameron and the rest of the team every step of the way.”
“The Robert B. Payne transaction is representative of the momentum we are seeing in the HVAC industry and also across the broader home services sector,” added Justin Marriott, Managing Director of Marriott & Co., “We expect the consolidation trends to continue in home services, which creates an attractive environment for closely-owned businesses to seek potential ownership transitions.”
About Robert B. Payne, Inc.:
Founded in 1930 and headquartered in Fredericksburg, VA, Robert B. Payne, Inc. (“Robert B. Payne”) is a leading provider of residential heating, ventilation, and air conditioning (“HVAC”) services. Robert B. Payne provides maintenance and replacement services to residential homeowners, as well as specialty services including fuel oil distribution. With a rich history of nearly 100 years in business, Robert B. Payne has established itself as a one of the area’s most respected HVAC service providers with its talented team of employees providing best-in-class service to its loyal customer base. For more information, please visit www.robertbpayne.com.
About United Air Temp, Air Conditioning and Heating:
United Air Temp, Air Conditioning and Heating LLC (“UAT”) is a leading provider of residential heating, ventilation, and air conditioning (“HVAC”) services. Headquartered in Lorton, Virginia, UAT provides HVAC maintenance and replacement services to residential homeowners. Its primary operations are in Washington D.C, with additional operations in Maryland, Virginia, North Carolina, Georgia, and Florida. UAT has built a large, loyal customer base through its best-in-class service and responsiveness, as well as consistent, high-quality work from its skilled technicians. UAT is a portfolio company of Summit Park, a Charlotte, NC-based private investment firm. For more information, visit www.unitedairtemp.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
