BB&T Capital Markets Serves as Exclusive Financial Advisor to Oracle Elevator Company
On May 12, 2017, Oracle Elevator Company (collectively with its parent company, OEC Holding Corp., and its subsidiaries, "Oracle" or the "Company"), a portfolio company of Incline Equity Partners (“Incline”), was acquired by L Squared Capital Partners (“L Squared”). BB&T Capital Markets served as the exclusive financial advisor to Oracle.
About the Companies
Oracle Elevator is the leading independent non-union provider of elevator maintenance, repair, and modernization services across all major brands of equipment. The Company was founded in 2004 and currently operates 22 branch locations across 13 states.
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, specializes in making investments in lower middle-market growth companies. Incline partners with established companies that have opportunities for growth and an enterprise value of $50 million to $200 million. Incline focuses on the industry sectors of value-added distribution, specialized light manufacturing, and business services. Learn more about Incline Equity at www.inclineequity.com.
L Squared Capital Partners is an investment firm with offices in Newport Beach, CA and Chicago, IL that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Industrial Technology, and Education Technology. The firm’s unique investor base of family offices enables it to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies. For additional information, please visit www.lsquaredcap.com.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.