Silver Oak Services Partners (Silver Oak), a lower-middle market private equity firm focused exclusively on business, healthcare, and consumer services companies, has completed the sale of BBG.Founded in 2009 and headquartered in Dallas, TX, BBG is a national provider of commercial real estate appraisals, environmental and property assessments, and related advisory services. BBG has distinguished itself through its comprehensive set of valuation and assessment solutions, coast-to-coast footprint, and reputation for personal attention and on-time service delivery.
Silver Oak made its original investment in BBG in July 2015. During Silver Oak’s ownership, BBG executed numerous strategic initiatives to strengthen and grow the business, including bolstering the management team; developing a proprietary, in-house technology platform; introducing new products to better service customers; and expanding the geographic footprint from 21 to 37 locations through acquisitions, strategic hires, and the opening of new offices in key markets.
“We are extremely proud of our partnership with the BBG management team,” says Greg Barr, Managing Partner at Silver Oak. “Through meaningful investments in talent and IT infrastructure, management has established a highly scalable platform and proven acquisition growth engine that has delivered impressive top- and bottom-line growth over the last five years. BBG is well positioned for continued success, and we wish the team well as they continue to execute on the Company’s strategic plan.”
Chris Roach, CEO of BBG, says: “Working together with Silver Oak, we have grown BBG into a national market leader in commercial real estate services while continuing to enhance the value we bring to our customers. We look forward to further building on this success in the future.”
Deloitte Corporate Finance and Locke Lord LLP acted as financial adviser and legal counsel to the sellers, respectively.
