Houlihan Lokey Advises BCTS

Houlihan Lokey is pleased to announce the sale of Best in Class Technology Services (BCTS), a portfolio company of Dunes Point Capital (DPC), to Investcorp International Inc. (Investcorp). DPC will retain an equity interest in BCTS alongside Investcorp and BCTS’ management team. The transaction closed on December 26, 2023.

Headquartered in Lenexa, Kansas, BCTS is a leading provider of HVAC and plumbing maintenance, repair, and replacement services for critical end markets, including industrial, medical, education, and commercial. The company operates service branches across the Midwest, Southeast, and Northeast U.S. BCTS was created through a combination of market-leading local service brands with a long history of providing excellent customer service in their markets. A partnership with BCTS has allowed each brand to further build on that customer and employee experience by enhancing the local delivery model with administrative, financial, and technical resources.

DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. DPC targets companies with enterprise values of up to $1 billion.

Investcorp is a global investment manager, specializing in alternative investments across real estate, private equity, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. Today, Investcorp manages $50 billion in assets.

Houlihan Lokey served as the lead financial advisor to BCTS and DPC and assisted in initiating, structuring, and negotiating the transaction on their behalf.

This transaction underscores Houlihan Lokey’s success and preeminent position in the Facility Services sector.