the parent company of
in its Recapitalization and Growth Capital Raise by
Elmdale Partners (“Elmdale”), a leading integrated B2C residential services platform in brokerage, title & settlement, and property & casualty insurance, has closed a recapitalization and growth capital investment by Stellus Capital Management, LLC (“Stellus”), a Houston-based private equity firm and publicly traded BDC.
Elmdale Partners has closed over 40 acquisitions to date and the growth investment by Stellus will allow Elmdale to accelerate growth in current and new markets through M&A opportunities. In addition, the investment will enable technology upgrades to support Elmdale’s CENTURY 21 franchise network of independent agents and also refinance existing debt. The new partnership combines Elmdale’s deep industry expertise, uniquely integrated platform, and growth-oriented culture with Stellus’ successful track record of supporting middle market businesses during key periods of growth.
“GLC was a phenomenal advisor throughout the transaction process, offering great advice while always anticipating and solving challenges before they came to fruition. During the entire transaction, GLC worked assiduously to ensure we were getting the best outcome available for our team, ultimately yielding a result that exceeded our expectations in finding the perfect capital partner that understood our culture, story, and growth opportunity.”– Tom Bretz, CEO and Co-Founder, Elmdale Partners
|Elmdale Partners offers residential property brokerage, title & settlement, and property & casualty insurance and brokerage services to home buyers and sellers. Elmdale Partners also operates one of the largest CENTURY 21 network franchises in the nation, with over 1,400 agents and 45 branded offices across Illinois, Indiana, and Florida. Elmdale Partners has recently been recognized as one of Chicagoland’s 50 fastest growing companies and as one of Chicagoland’s largest privately held companies by Crain’s Chicago Business.|
Elmdale Partners received board consulting advisory from Kona Advisors, LLC in connection with the transaction.
Founded in 2010 by Thomas Bretz and Adam Freeman, Elmdale Partners offers residential property brokerage, title & settlement, and property & casualty insurance brokerage services to home buyers and sellers. Elmdale also operates one of the largest CENTURY 21 network franchises, with 45 branded offices across Illinois, Indiana, and Florida. Thomas and Adam have over 30 years of experience in real estate investing, fundraising, private equity, and investment banking, and have successfully deployed over $500 million on behalf of themselves and investors in real estate projects. Learn more about Elmdale at www.elmdalepartners.com and its subsidiaries of residential brokerage (www.c21affiliated.com), title & settlement (www.affinityistitle.com), and property & casualty insurance brokerage services (www.skylightinsurance.com).
Stellus was founded in 2012 and formed in conjunction with the spin-out of the Direct Capital Unit of the D. E. Shaw group. Stellus’ senior team helped create the Direct Capital Unit in 2004 and has been investing together in the middle market for over 17 years. Since 2004, the Stellus team has deployed over $8 billion into more than 350 middle market companies, developing a broad and deep expertise in this segment of the private investing market. Stellus currently has approximately $2.1 billion in assets under management, with offices in Houston, TX, Washington, D.C., and Charlotte, NC. Learn more about Stellus at www.stelluscapital.com.
|GLC Business Services & Diversified Industries Group |
GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events
Michael Richter / Managing Director
Michael.Richter@glca.com / 303.479.3844
Adam Fiedor / Managing Director
Adam.Fiedor@glca.com / 303.479.3845
Michael Fleschner / Vice President
Michael.Fleschner@glca.com / 303.479.3846
Michael Armbruster / Associate
Michael.Armbruster@glca.com / 303.479.3851
GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: mergers & acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, and San Francisco. For more information, visit www.glca.com.