Home > M&A deals 2019 > CapitalWorks LLC and First Commonwealth Financial Corp. acquire Essco, Inc. (Electric Sweeper Service Co.)
Secondary Buyout · Distribution · June 2019

CapitalWorks LLC and First Commonwealth Financial Corp. acquire Essco, Inc. (Electric Sweeper Service Co.)

On June 20, 2019, CapitalWorks LLC and First Commonwealth Financial Corp. acquired Essco, Inc. (Electric Sweeper Service Co.), a distribution company in Ohio, United States, from Cardinal Equity Partners.

Deal at a glance

AnnouncedJune 20, 2019 TypeSecondary Buyout TargetEssco, Inc. (Electric Sweeper Service Co.) Buyers CapitalWorks LLC
First Commonwealth Financial Corp.
Seller Cardinal Equity Partners SectorDistribution LocationOhio, United States ValueNot disclosed

Target company

Essco, Inc. (Electric Sweeper Service Co.)
Ohio, United States
Distributionsector
1979founded
Activestatus
View the company profile →

Buyers (2)

Private equity firm · 25 deals on record
Company · 6 deals on record
  • 1st transaction for the lead buyer in distribution
  • 23rd transaction in United States
25deals, all time
1in this sector
2019latest

Seller

Private equity firm · 23 deals on record
23investments
5in this sector
14exits

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Questions about this deal

Who acquired Essco, Inc. (Electric Sweeper Service Co.)?CapitalWorks LLC and First Commonwealth Financial Corp. acquired Essco, Inc. (Electric Sweeper Service Co.) on June 20, 2019.

Who sold Essco, Inc. (Electric Sweeper Service Co.)?Cardinal Equity Partners was the seller.

What type of deal was it?It was a secondary buyout in the distribution sector in 2019.

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