CHARLOTTE, N.C., Sept. 16, 2015 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to Butler Burgher Group LLC (BBG) on its recapitalization with Silver Oak Services Partners LLC (Silver Oak). The acquisition closed on July 1, 2015.
Founded in 1992 and headquartered in Dallas, Texas, BBG is one of the largest national independent providers of commercial real estate appraisals, appraisal management services, assessments, and related consulting advisory services. DCF has advised BBG on strategic alternatives since 2013. Since then, BBG has grown its operational infrastructure and expanded its geographic presence, including the acquisition of New York-based Leitner Group Inc. in 2014.
"DCF was a key financial and strategic advisor to BBG throughout our acquisition of Leitner Group and the recapitalization of the company with Silver Oak. We are thrilled with the results of these processes and the guidance from DCF's team," said Diane Butler, chief executive officer of Butler Burgher Group.
"We enjoyed working with Diane Butler and the rest of the team at BBG to help position the company for its next stage of growth. With an evolving regulatory environment, there is a growing need for independence in the commercial real estate valuation space, and BBG helps meet this need. Helping BBG partner with the experienced team at Silver Oak to seize new opportunities has been gratifying," said Phil Colaco, managing director and Business Services group lead, Deloitte Corporate Finance LLC.
About Butler Burgher Group LLC
BBG is an independent national valuation, advisory and assessment firm headquartered in Dallas with offices from New York to California. Nationally ranked as one of the top 10 commercial real estate firms in the U.S., and led by former national CREW President, Diane Butler, BBG has experts in all facets of commercial real estate. From multifamily and student housing, to large portfolio projects, BBG achieves large results with the personalized touch of a small firm. For more information, visit www.bbgres.com.
About Silver Oak Services Partners LLC
Silver Oak Services Partners is a lower middle market private equity firm focused exclusively on service businesses. It seeks to make control investments in leveraged acquisition, recapitalization, build-up and growth transactions in business, consumer and healthcare service companies. Silver Oak Services Partners is investing out of its second fund which had a final close in April 2013 with total commitments of $206 million. For more information, visit www.silveroaksp.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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