Bain Capital has finalized a buyout of Apleona, a European integrated facility management provider, from PAI Partners. Apleona caters to both regional and large cross-border clients, focusing on the rising demand for ESG solutions that aim to lower energy consumption and CO2 emissions in buildings. Under PAI's ownership, Apleona achieved a significant milestone, reaching €4 billion in revenue for the first time in 2024. The company has also made 14 strategic acquisitions in Europe, including the notable acquisition of Gegenbauer Group in 2023.
In another development, CenterOak Partners has exited its investment in Shamrock Environmental, selling the company to Republic Services. This marks the eighth and final sale from CenterOak's debut fund launched in 2016. Shamrock specializes in industrial waste and wastewater treatment services. CenterOak's managing partner, Jason Sutherland, noted that during their five-year partnership, the company saw substantial growth in revenue and EBITDA, thanks to investments that significantly increased its permitted capacity. Sutherland expressed confidence in Shamrock's potential for continued growth under its new ownership.
Trive Capital has also made headlines by investing in Chilton Auto Body, a collision repair platform with 20 locations across California. Established in 1969, Chilton was the first Tesla-certified body shop and is recognized as a pioneer in electric vehicle collision repair. Jared Reyes, managing director at Trive Capital, praised Chilton's leadership team for their impressive track record in expanding the company's footprint, meeting key performance metrics, and delivering high-quality customer service while excelling in EV repair capabilities.
Overall, these transactions highlight the ongoing activity in the private equity sector, with firms like Bain Capital, CenterOak Partners, and Trive Capital making strategic investments and exits in companies that are well-positioned for growth in their respective industries.