Vasco: Monogram and Halmos Secure Majority Stake in Sports Surfaces Firm
Deal News | Apr 17, 2025 | AC Capital Management LLC
Monogram Capital Partners and Halmos Capital Partners have acquired a majority stake in The Vasco Group, a provider of sports surfacing services. This marks the second platform investment for Monogram's third fund. Vasco, headquartered in Massillon, Ohio, offers services in the construction, resurfacing, and maintenance of athletic fields and courts. Monogram was drawn to Vasco due to its strong management team and customer-centric approach, and it aims to leverage these strengths to expand into new markets. Vasco operates under the Nidy Sports Construction brand in Florida. The acquisition was supported by debt financing from Deerpath Capital.
Sectors
- Private Equity
- Sports Surfaces
Geography
- United States – Both Monogram Capital and Halmos Capital are based in the U.S., and The Vasco Group operates primarily in Ohio and Florida.
Industry
- Private Equity – This industry involves investment firms like Monogram and Halmos acquiring majority stakes in companies such as The Vasco Group.
- Sports Surfaces – Vasco operates within this industry, providing construction, resurfacing, and maintenance services for athletic fields.
Financials
- Up to $75 million – Equity investment range by Monogram Capital in companies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Monogram Capital Partners | Acquirer | Company | A private equity firm based in Beverly Hills, California, which invests in diverse sectors, including sports surfaces. |
| Halmos Capital Partners | Acquirer | Company | A private equity firm headquartered in Coral Gables, Florida, focusing on lower middle market businesses. |
| The Vasco Group | Target | Company | A sports surfaces company providing construction, resurfacing, and maintenance services for athletic fields. |
| Deerpath Capital | Debt Financier | Company | Provided debt financing for The Vasco Group acquisition. |
| Matt Savage | CEO | Person | CEO of The Vasco Group. |
| Glen Maurer | COO | Person | COO of The Vasco Group. |
| Jared Stein | Co-founder and Partner | Person | A co-founder and partner at Monogram Capital Partners. |
| Daniel Adan | Partner | Person | A partner at Halmos Capital Partners. |