Lincolnshire Management Inc.’s Investment In Powerhouse Retail Services, Security Vault Works, Inc. and OS2S

Kirkland & Ellis advised Lincolnshire Management Inc. on its investment in Powerhouse Retail Services, LLC as well as in two complementary, outsourced business services companies.

The combined company will be an asset light provider of these services for large scale, multi-site projects.

Lincolnshire Management, Inc., founded in 1986, is a private equity firm focused on investing in and acquiring growing middle market companies across an array of industries.

Powerhouse is a leading, nationwide provider of high-volume, multi-site rollouts and refreshes, as well as recurrent facilities maintenance services. The majority of Powerhouse’s work is outsourced to a network of over 10,000 independent subcontractors, and delivered through a tech-enabled, asset-light platform.

Security Vault Work which included a highly complementary add-on, One Source Security & Sound (OS2S) is the largest provider of full-service installations of self-service kiosks and ATMs for financial institutions.

The Kirkland team was led by transactional partners Sri Kaushik (Picture) and Adi Herman and associates Sola Paterson-Marke and Carl Witkin; and debt finance partner Duncan McKay.

Involved fees earner: Adi Herman – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; Duncan McKay – Kirkland & Ellis; Sola Paterson-Marke – Kirkland & Ellis; Carl Witkin – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Lincolnshire Management;

Author: Ambrogio Visconti