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Access Holdings Raises $805 Million for Build and Buy Mid-Market Investments in Essential Service Industries
We are pleased to announce Access Holdings has raised $805 million in new capital — including $525 million for Fund II and approximately $280 million in coinvest — to partner with, scale, and innovate middle market businesses.
Thank you to our returning investors for their continued support and to our new investors. We are humbled by your commitment to our partnership and look forward to continuing to create enduring success across our portfolio.
Fortune – At private equity firm Access Holdings, which owns businesses as varied as a pet cremation service to a yellow school bus operator, each company it owns has a podcast studio to ensure all team members internally are aware of what’s going well in the field.
“It’s all about reinforcing mission-vision values,” said Access founder Kevin McAllister.
Access Holdings is proud to be honored as a 2022 Inc. Magazine Founder-Friendly Investor.
At Access Holdings, our mission is to build enduring businesses. This honor from Inc. recognizes Access as an investment partner that entrepreneurs can trust and collaborate with to scale and innovate their business.
Thank you to our exceptional founder partners and team members for making this possible.
Read more about why Access was chosen to be one of Inc.’s 2022 Founder-Friendly Investors.
Petrol Plaza: We speak with Josh Finifter, Private Equity Principal at Access Holdings, which owns car wash platform Spotless Brands, about the growing interest of investment companies in the sector and the opportunities that these partnerships can bring to brands and operators.
Access Holdings is quickly becoming an important player in the North American car wash sector through its Spotless Brands platform, unifying operators under a single banner. Established in 2019, the project falls under the recent trend of private equity firms acquiring car wash networks throughout the United States. PetrolPlaza talks to Josh Finifter, Principal on the Investment Team, to know more about the opportunities that Spotless brings to partners, the development of its network and the potential of the car wash market.
We’re proud to announce that Access Holdings has been named a finalist for the 21st Annual M&A Advisor Awards in the Private Equity Firm of the Year and Private Equity Deal of the Year categories. The M&A Advisor Awards are the benchmark for dealmaking excellence and recognize leading M&A transactions, restructurings, deal financings, products/services, firms, and professionals.
At Access Holdings, we buy businesses we want to own, not just ones that are for sale. This relationship-focused investment approach demonstrates our dealmaking excellence, and we are honored to be recognized alongside private equity industry leaders for the value we provide to our partner companies.
The Philadelphia Inquirer: Former Comcast executive Michael Schreiber has launched a sports-focused advertising firm that pulses out 230 billion advertising impressions a year.
Michael Schreiber calls his start-up firm the biggest sports network that “you’ve never heard of, and that’s OK.”
Almost two years ago, the former Comcast Corp. executive launched the sports-ad firm Playfly Sports LLC in Chester County that now reaches 83% of U.S. sports fans, pulsing 230 billion advertising impressions a year through 8,500 professional and college televised games, streaming platforms, digital banners, radio shows and newsletters.
Recently, Access’s own Josh Finifter, Principal on the Investment Team, joined hosts Donnie Shelton and Dan Gordon on the PMP Industry Insiders podcast to discuss why the pest control industry is an attractive market for purposeful investing.
“At Access Holdings, we aim to truly partner with operators of businesses we want to own, not just those that are for sale, so alignment is critical both financially and strategically,” said Josh. “We won’t ever know the pest control space like an operator who’s been there twenty years, and we won’t ever try to run the business day to day, but we certainly want to be more accretive and value add than just being a source of capital.”
Hear more of Josh’s insights and listen to the full discussion here!
Access Holdings’ Zeus Fire & Security Partners with Universal Atlantic Systems to Form Top 15 Largest Fire and Security Provider
Baltimore, MD – Zeus Fire & Security (Zeus), a portfolio company of Baltimore-based Access Holdings, today announced a new partnership with Universal Atlantic Systems (UAS), a Philadelphia-based national provider of integrated security systems that will make Zeus one of the top 15 largest fire and security providers in the U.S. UAS President Scott Elkins, who has more than 30 years of experience in the industry, will become the CEO of Zeus.
As a mid-market investment firm specializing in buy-and-build strategies, Access Holdings partners, scales, and innovates to build enduring businesses. Access Holdings will support both UAS and Zeus’ future growth, recruit best-in class talent and leadership, implement and develop new digital tools, identify M&A opportunities, and provide long-term strategic guidance.
The New York Times: Also in 2019, a major operator of funeral homes, Foundation Partners Group, bought the start-up Tulip Cremation, which today is active in eight states. It has deep pockets behind it: Foundation Partners Group’s parent company is the private equity firm Access Holdings, which said last year that it was investing $150 million in improving the tech side of the funeral business.
The pitch, to consumers and investors, boils down to convenience and price. The companies point to the growing number of Americans who live away from home as a target demographic.
“It wouldn’t be that uncommon to see an older parent pass in Florida, for example, while their children live somewhere up in the Northeast,” said Mike Doyle, Tulip’s general manager. That doesn’t mean people will automatically turn to an online start-up. Many families have visited the same funeral homes for generations, and it will take more than a little bit of inconvenience to get customers to sign up.
Access Holdings’ Zeus Fire & Security Partners with Alert Alarm Holdings, A Leading Fire Safety and Security Business
Baltimore, MD – Zeus Fire & Security (Zeus), a portfolio company of Baltimore-based Access Holdings, today announced a new partnership with Spring Rock Capital (Spring Rock); and its portfolio company, Alert Alarm Holdings (Alert), which operates under Alert Alarm and SMG Security (SMG). Alert, through its two operating subsidiaries, provides comprehensive fire safety and security services to over 33,000 commercial and residential customers.
As a mid-market investment firm specializing in buy-and-build strategies, Access Holdings partners, scales, and innovates to build enduring businesses. Access Holdings, Spring Rock Capital, and Zeus will support Alert, as well as future partners, as they seek to grow. Access Holdings will support Zeus as it scales and innovates, specifically helping recruit best-in class talent and leadership, implement and develop new digital tools, identify M&A opportunities, and provide long-term strategic guidance.
Today’s uncertain economy makes it increasingly important for business owners and investors to understand the state of debt capital markets and the options available to support growth.
In our new Access Insight, Senior Advisor Tom Gregory shares his view on the current condition of debt capital markets, the unique challenges facing midmarket private equity-backed businesses, and the opportunity for creative capital solutions.
“In the face of increased challenges, buyers and sellers still want to get deals done, and business owners want to grow and scale. The way capital markets are evolving, solutions are emerging to address this changing market context. To do this, more creative deal terms and financing are being considered.”
The world of private equity is loaded with stories of failed investments and unsuccessful partnerships between investors, entrepreneurs, and founders of businesses.
What often started with the right intent—partnering to grow and scale a business—may not have played out as either side expected, leading to frustration and remorse.