CenterOak Partners

Summary

Founded in 2014, CenterOak Partners is a Dallas-based firm that makes control buyouts of small business services, industrial services and consumer essential services companies, where these can be transformed through operational efficiency and a “buy-and-build” value creation strategy. Typically CenterOak will be the first institutional capital into closely-held or family-owned businesses or they will look to invest in non-core subsidiaries or divisions of larger public or private companies where they can grow revenue and improve net margins through operating efficiency.

Target company criteria

Portfolio company snapshots

• CollisionRight: Provider of auto body repair services across the Central and North-East US. Since the original investment in 2020, CollisionRight acquired 30 companies and the company was sold in January 2024, generating a 2.5x net multiple of cost
• Turf Masters: Provider of exterior residential services including lawn care services and exterior pest programmes. Since the original investment in 2022, Turt Masters has acquired six companies
• HomeTown: Provider of residential HVAC, plumbing and electrical maintenance and repair services in the Southern US. Since the original investment in 2021, HomeTown has acquired 26 companies

Caledonia’s commitment

The senior team at CenterOak have been working together for more than two decades. Caledonia started formal due diligence on CenterOak in 2014, ahead of making a commitment to their first fund in 2015.

Caledonia serves on the Limited Partner advisory board for CenterOak I and II.

As at 31 March 2024.