Co-advisor to Ned Stevens
KPMG Corporate Finance LLC advised Ned Stevens, a portfolio company of Incline Equity Partners.
KPMG Corporate Finance LLC (KPMG CF) is pleased to announce that we acted as Co-Advisor to Ned Stevens, a portfolio company of Incline Equity Partners, on its sale to AVALT Holdings. In 2016, KPMG CF’s Business Services team first advised the shareholders of Ned Stevens on their sale to Incline Equity. At the time, Ned Stevens had operated for over 50 years under the same family ownership.
By teaming with KPMG’s Financial Due Diligence team on the sell side due diligence and KPMG’s Strategy and Data Analytics team on further sell side support, KPMG CF was uniquely positioned to provide Ned Stevens and Incline Equity Partners with a comprehensive deal advisory solution.
The acquisition by AVALT, a family office, positions Ned Stevens to continue to enhance its leading market position by growing through geographic expansion and the addition of ancillary service offerings.
About the engagement
Founded in 1965 and headquartered in Fairfield, New Jersey, Ned Stevens is a leading provider of year-round, full-service residential gutter cleaning, soft wash and related residential services, including gutter maintenance, installation and repair. The company services more than 85,000 residential customers annually in 15 states.
KPMG Corporate Finance LLC
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for 2018.