Transaction Summary
Calder Capital, a nationwide mergers and acquisitions advisory firm, is proud to announce the successful acquisition of Ace Screen Repair & More of Fort Myers, Florida, by Grove Oaks Capital of Atlanta, Georgia.
The Acquisition Story
Ace Screen & Repair (“Ace”) was founded in 2016 by Katie Jellerson with the support of her husband, Jeremy Jellerson. Ace is a Florida-based provider of residential, commercial, and industrial custom aluminum installation and repair services. After multiple years of successful operations, Katie and Jeremy realized they were ready to pursue other business ventures, having grown Ace. Seeking to reallocate time towards their other businesses, Katie and Jeremy engaged Calder’s Sell-Side team to find the right buyer, someone with more resources, who would be better equipped to take Ace to the next level.
Grove Oaks Capital is a private equity investment firm, focused on acquiring and growing privately owned businesses in the lower middle market. The firm partners with established companies with long operating histories, taking an active, hands-on role in day-to-day management to drive sustainable, long-term growth. Seeking an acquisition with over 10 years of operating history, $2-$10M in EBITDA, and in-home services, Grove Oaks Capital pursued Ace when they found it checked all their boxes.
Calder Capital’s Transaction Team and Sale Process
Calder Capital served as the Lead Mergers & Acquisitions Advisor to Ace Screen Repair & More. Supporting the transaction was Jonathan Dykstra of Calder Capital.
Calder’s Sell-Side team generated strong market interest during the sale process, with 95 Confidential Information Memorandums (CIMs) distributed to qualified buyers and multiple offers received, with Grove Oak Capital strongly positioning itself above all other buyers. Ace was brought to market in June, and the Letter of Intent was executed in August. The company received a solid offer within five months of engaging Calder; moreover, Ace received this offer within two months of going to market.
Dykstra shared, “Ace and Grove Oak Capital were tremendous parties to work with. I’m looking forward to seeing Ace continue its legacy under a strong group such as Grove Oak Capital that understands the industry and is committed to investing in what Katie and Jeremy created.”
Garrett Monroe, Calder’s Sell-Side Managing Director, commented, “Katie and Jeremy poured an incredible amount of care into building Ace Screen Repair & More, and it really showed throughout the entire process. Grove Oaks Capital immediately understood what made Ace special and shared a clear vision for how to build on that foundation.” Monroe continued, “We are proud to be the M&A advisor of choice for construction and service businesses, such as Ace, and we are eager to see how this partnership drives long-term growth.”
Calder Capital served as the Exclusive Sell-Side Mergers and Acquisitions Advisor to Ace Screen Repair & More.
About Ace Screen Repair & More:
Ace Screen Repair & More is a South Florida–based provider of custom screening and outdoor living solutions, serving residential, commercial, and industrial clients. With experience navigating the unique demands of the South Florida market, Ace Screen Repair & More specializes in pool and patio enclosures, pool cages, elite rooms, retractable screens, gutters, railings, and pergolas, working closely with homeowners and builders to bring functional, durable, and visually striking spaces to life. To learn more, please visit www.AceCFL.com.
About Grove Oaks Capital:
Grove Oaks Capital is an investment partnership focused on acquiring privately owned businesses in the lower middle market space with an enterprise value of $5M – $50M. GOC seeks to optimize and scale legacy businesses with technology-enabled solutions and provide forward-thinking to stagnated industry processes. The firm assumes an active role in day-to-day management with a long-term growth focus. GOC is backed by a diverse group of investors, including CEOs, entrepreneurs, and institutional investors. To learn more, please visit www.GroveOaksCapital.com.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
