Arcapita sells Stratus stake to Vestar Capital after more than tripling revenue in four years

Alternatives specialist Arcapita has sealed a part-exit of asset-light facilities services provider Stratus to Vestar Capital Partners after a four-year hold.

Arcapita will continue to hold a minority stake in Stratus following the deal. It said Stratus tripled its revenue to more than $300m during its ownership.

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Stratus, which was founded in 1953, offers signage, energy services, repair and maintenance programs, and refresh and remodel services to end markets, including healthcare, financial services, QSR, convenience stores, and telecom.

Vestar managing director Nikhil Bhat said, “Stratus’ significant investments in systems and operational infrastructure, deep understanding of its customers’ needs, and relentless focus on service excellence have enabled its growth into a scaled nationwide platform.

“The company has an attractive opportunity to expand into complementary service lines and reinforce its current offerings through acquisition and continued investment in the platform.”

Martin Tan, Arcapita’s CIO, added, “Arcapita is extremely proud of Stratus’ transformation into the leading national brand implementation company that it is today.

“With Arcapita’s support, Stratus has been able to expand its services and product offerings, as well as expand its footprint across the US.”

Vestar reached a $1.1bn final close for its latest mid-market buyout fund last year, beating its initial target.

Other deals from the firm this year include making a majority growth investment in Dr Praeger’s Sensible Foods, a fast-growing brand specialising in plant-based frozen and refrigerated foods.

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