Aronson Capital Partners Advises Hawthorne Services, Inc. on its Sale to Berger Group Holdings, Inc.

on Thursday, 27 December 2012, Posted in Experience

Berger Group Holdings, Inc., a global engineering firm with annual revenues of $1 billion headquartered in Morristown, N.J., has acquired Hawthorne Services, Inc. of Charleston, S.C.—a 350-employee firm specialized in facility services and fueling operations at airfields and military bases. Aronson Capital Partners served as the exclusive financial advisor to Hawthorne Services, Inc. in this transaction.

“The acquisition of Hawthorne Services is part of our strategy to grow our operations and maintenance platform,” said Nicholas Masucci, CEO of the Berger Group. “We continue to enhance our support for government operations and maintenance, transportation, fueling services, airfield operations, facilities services and specialized technical services.”

Hawthorne Services is a leading provider of full lifecycle aircraft fuel services and facilities operations and maintenance services across the southeast United States for the Defense Logistics Agency—Energy (DLA-E) and the state of South Carolina. This acquisition follows the 2012 Berger Group acquisition of the enterprises that now form Louis Berger Services, Inc.  Hawthorne will become the fourth division managed under the Louis Berger Services operating company.

“Given the current budgetary pressures across the government, the DLA-E is seeking more efficient, cost-effective ways to install fueling infrastructure, manage fuels and service aircraft and vehicles at Department of Defense installations,” said Steve Townes, president of Louis Berger Services. “Hawthorne Services is well positioned to participate in that trend. The company has a $100 million backlog, and now has a very strong parent company for enhanced resourcing and increased competitive advantage.”

“Combining the Berger Group’s global footprint and Hawthorne’s government operating and maintenance services makes us better and stronger for our clients and employees,” said Bruce Stoehr, president at Hawthorne Services.

Aronson Capital Partners is a leading M&A advisor to middle-market aerospace, defense and government technology solutions providers. ACP provides a full range of M&A and corporate finance advisory services to enable our clients to achieve their growth and liquidity objectives. With our exclusive focus on the Federal sector, we are able to provide clients with a unique industry perspective and access to longstanding relationships with the most active strategic buyers.