Crescendo Capital Partners, LLC (“Crescendo”) announces that it has exited its investment in Mirage Trailers LLC (“Mirage”) through a sale to Novae LLC (“Novae”).
Via a broad investor group including Mirage founder Rob Swikert, Crescendo led the Mirage acquisition, which was completed in 2015.
During Crescendo’s 6-year ownership period, the company grew revenue and EBITDA meaningfully, culminating in a record 2021.
In addition to the continued leadership of founder Swikert, the addition of key leaders, including GM Chad Hesse and CFO Alee Gilbert, facilitated and enabled this growth.
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We are proud of Mirage’s growth; we believe Novae and Mirage will continue this growth trajectory.
Financial terms were not disclosed.
CIBC Cleary Gull acted as exclusive financial advisor to the Mirage ownership group.
Mirage is a leading provider of enclosed trailers in the western US and Canada. Mirage, founded in 2003 and based in Nampa, ID, operates under two brand names, Mirage and TNT.
Austin- and Chicago-based Crescendo invests in middle-market companies at an inflection point, bringing capital and scaling skills to unleash latent growth potential. Crescendo has made 12 platform acquisitions. Including add-on acquisitions, Crescendo has deployed ~$400M. Crescendo has particular expertise in the construction/renovation/repair/maintenance sectors, across residential and commercial end markets, with 9 such closed acquisitions and 1 pending.