Northleaf Capital Partners and Former Bain Capital Family Office Buys AMAROK from Snow Phipps
Posted on 12/13/2021
Funds managed by Northleaf Capital Partners and AVALT have together acquired a majority interest in AMAROK, LLC with the company’s management team retaining a minority interest. Founded in 1973, AMAROK, LLC is a provider of contracted perimeter security infrastructure solutions in the United States. AMAROK installs, operates, monitors and maintains solar-powered electric fences and perimeter security solutions on commercial and industrial properties. Columbia, South Carolina-based AMAROK operates approximately 5,000 installed sites under ongoing service and maintenance agreements for customers across a diverse set of industries in every state in the continental United States.
The seller of AMAROK is Snow Phipps Group, LLC, which acquired the security company in June 2016. TruArc Partners, LP, which was established by certain senior investment professionals of Snow Phipps, is acting as investment sub-advisor for Snow Phipps.
AVALT is a family office that invests only its own principals’ capital in high quality companies that have significant long-term potential. Ian Reynolds, Marko Kivisto, and Mark Verdi, all former employees at Bain Capital, founded AVALT in 2015. Mark Verdi spent 10 years at Bain Capital, where he was a Managing Director and Global Co-Lead of the firm’s portfolio group, a team of executives that partnered closely with leadership teams to define growth strategies, improve operational performance, and accelerate cultural change.
AMAROK was advised on the transaction by Piper Sandler Companies, Raymond James & Associates, Inc. and Weil, Gotshal & Manges LLP. Northleaf and AVALT were advised by Ropes & Gray LLP and Alvarez & Marsal Holdings, LLC. Golub Capital LLC provided debt financing for the transaction.