Monogram Capital Partners Acquires Majority Stake in Vasco, Leading Sports Surfaces Provider

Whats Happening:

Monogram Capital Partners, with support from Halmos Capital Partners, has acquired a majority stake in The Vasco Group, a leading sports surfaces provider. This marks Monogram's second consumer services platform investment within Fund III. Vasco, operating as Nidy Sports Construction in Florida, specializes in full-service sports surfacing with a strong presence in Ohio and Florida.

Key Moves:

• Monogram Capital Partners acquires majority stake in The Vasco Group

• Vasco management team retains significant minority equity positions

• Monogram aims to expand Vasco's market presence and services

By The Numbers:

• Monogram Capital Partners manages over $1B in RAUM

• Monogram invests up to $75 million of equity per transaction

• Vasco has been in business for over 55 years

Key Quotes:

• "We are thrilled to partner with the Vasco management team on their next wave of growth and expansion," said Jared Stein, Co-Founder & Partner at Monogram Capital.

• "We are excited about locking arms with Monogram and Halmos as our preferred partners given their track records working with closely held businesses and multi-unit platforms," said Matt Savage.

Bottom Line:

Monogram Capital Partners' acquisition of The Vasco Group demonstrates its strategy of investing in leading consumer businesses with unique expertise. The partnership aims to leverage Vasco's technical capabilities and service culture to expand into new markets, potentially reshaping the fragmented sports surfaces landscape.

Read Full Article