D.A. Davidson Acts as Exclusive Financial Advisor to Elite Surface Infrastructure on Its Sale to Bow River Capital
August 01 2024 - 10:00AM
Business Wire
D.A. Davidson & Co. announced today that it served as
exclusive financial advisor to Elite Surface Infrastructure
(“ESI”), a portfolio company of Silver Peak Partners and Peninsula
Capital Partners (“Peninsula”), on its sale to Bow River Capital
(“Bow River”). Headquartered in Denver, Colorado, ESI is a leading
provider of asphalt and concrete infrastructure paving,
maintenance, and expansion services.
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D.A. Davidson & Co. announced today
that it served as exclusive financial advisor to Elite Surface
Infrastructure, a portfolio company of Silver Peak Partners and
Peninsula Capital Partners, on its sale to Bow River Capital.
(Graphic: Business Wire)
Over its 20+ year history, ESI has built a premier surface
infrastructure services provider with an extensive track record
serving public and private customers across the Rocky Mountain
region. The partnership with Bow River highlights the platform’s
continued growth strategy to continue building a leading provider
of asphalt and concrete solutions.
“I am proud of the success the ESI team has achieved,” said
Chris Weems, CEO of ESI. “The ESI team's commitment to providing
exceptional service to our customers has helped us become the
leader in the Rocky Mountain region. Partnering with Bow River will
enable the entire ESI team to continue supporting our valued
customers while expanding our business.”
“We are thrilled to partner with Chris and the ESI team to
support the next phase of the Company’s growth,” said Robert
Fortier, Director at Bow River Capital. “The team has built a
tremendous business with a strong reputation for excellence. Our
investment will enable ESI to capitalize on new opportunities.
Importantly, the entire management team will remain in place,
ensuring continuity and a seamless transition as we work in concert
to achieve our shared vision for growth.”
“ESI has done a tremendous job establishing itself as the
leading services provider to the surface infrastructure sector,”
said Tim Sznewajs, Managing Director and Head of Diversified
Industrials investment banking at D.A. Davidson. “D.A. Davidson is
excited to see ESI enter into a new partnership with Bow River that
will facilitate the company’s continued growth and expansion.”
This transaction highlights the ongoing success of D.A.
Davidson’s infrastructure services practice, serving leading firms
in the sector.
D.A. Davidson Investment Banking is a leading full-service
investment bank that offers comprehensive financial advisory and
capital markets expertise. The group has extensive transaction
experience serving middle-market clients worldwide across four
industry verticals: Consumer, Diversified Industrials, Financial
Institutions, and Technology. Together with its European strategic
partner, MCF Corporate Finance, D.A. Davidson originates and
executes transatlantic M&A transactions under the common brand
of D.A. Davidson MCF International.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services
firm offering a range of financial services and advice to
individuals, corporations, institutions, and municipalities
nationwide. Founded in 1935 with corporate headquarters in Great
Falls, Montana, and regional headquarters in Denver, Los Angeles,
New York, Omaha and Seattle, the company has approximately 1,600
employees and offices in 30 states.
Subsidiaries include: D.A. Davidson & Co., a full-service
investment firm providing wealth management, investment banking,
equity and fixed income capital markets services, and advice;
Davidson Investment Advisors, a professional asset management firm;
D.A. Davidson Trust Company, a trust and wealth management company;
and Davidson Fixed Income Management, a registered investment
advisor providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
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Deal Team Contacts Tim Sznewajs, Managing Director | Denver |
tsznewajs@dadco.com Yaron Redlich, Managing Director | Boca Raton |
yredlich@dadco.com Patrick Blusanovics, Vice President | Denver |
pblusanovics@dadco.com Haven Lavery, Associate | Denver |
hlavery@dadco.com
Media Contact Emily Roy Prosek for D.A. Davidson (646) 818-9232
eroy@prosek.com