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    Private Equity

    • Overview
    • Experience

    Related Professionals

    -
    Wes Scott Wes Scott

    Wes Scott

    Email

    Jason Brace Jason Brace

    Jason Brace

    Email

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    Related Practices

    • Business
    • Mergers and Acquisitions

    Related Industries

    • Energy
    • Health Care
    • Transportation

    Middle market private equity rewards speed, discipline and sound judgment. Sponsors need counsel who close on their timeline, focus on what drives value and closing certainty, and cuts unnecessary friction. At Phelps, we help sponsors identify, structure, negotiate, and close deals fast while supporting their repeat acquisitions and organic growth that drive returns.

    We are built for sponsor-driven deals in the middle market where speed, efficiency and sound judgment matter most.  We align legal strategy with sponsor economics, prioritizing the material issues that impact value, closing certainty, and post-closing integration.

    Rather than trying to cover the entire private equity lifecycle, we focus specifically on those matters where real value is created: buy-side deal execution and portfolio company growth through disciplined acquisition and organic strategies.

    We represent our private equity clients with:

    • Platform acquisitions
    • Add-on and tuck-in acquisitions
    • Minority investments and recapitalizations
    • Portfolio company divestitures and exits
    • Outside general counsel support for portfolio companies

    What Makes Us Stand Out

    • Middle Market Focus. We focus on transactions typically below $500 million, where execution discipline and efficiency are critical. This allows us to provide practical, actionable advice aligned with sponsor objectives.
    • Senior-Led, Consistent Teams. Every engagement is led by experienced M&A partners who stay actively involved from start to finish, ensuring continuity, responsiveness, and sound judgment.
    • Execution-Oriented Approach. We prioritize closing deals efficiently. Our role is to identify material deal points and solve them quickly, not to bog down deals with minutia and theory.
    • Repeatable Deal Execution.  We are built for sponsors executing high-volume acquisition strategies. Our tailored deal playbook drives consistency across transactions, reduces friction, and enables efficient execution of platform, add-on, and tuck-in acquisitions.
    • Practical Risk Allocation.  We align legal risk with deal economics, ensuring protections are appropriate without impairing deal certainty or speed.
    • Coordinated Team of Professionals. We draw on lawyers from across the firm—including tax, employment, environmental, real estate, immigration, intellectual property, privacy, cybersecurity and employee benefits—to provide coordinated support throughout each transaction.
    • Regional Market Depth. Our experience across the Southeast provides practical insight into local industries, buyers, and advisors, helping clients execute transactions efficiently and capitalize on regional opportunities.
    • Value-Conscious Fee Structures. We combine sophisticated legal advice with practical pricing that reflects the economics of middle-market deals.

    Industries We Serve

    • Automotive
    • Distribution
    • Energy
    • Essential Services (residential and commercial)
    • Health care
    • Industrials
    • Insurance
    • Manufacturing
    • Transportation and Logistics

    Related Capabilities 

    In addition to our private equity practice, we represent buyers and sellers of businesses in various types of mergers, acquisitions, and divestitures. Learn more about our M&A practice here.

    Experience

    Sale of Building Materials Supplier

    Counseled a private equity backed seller in its $125 million sale of a building materials supply business.

    HVAC Manufacturer Sale to Private Equity Firm

    Represented a data-center focused HVAC manufacturer and its sole shareholder in a sale to private equity, including structuring a pre-transaction reorganization and equity rollover, and achieving $75 million at closing with up to $20 million in additional earnout proceeds and $20 million in rollover equity tied to future growth. 

    $100M Series of Rollup Acquisitions

    Advised a private equity backed plastic extrusion manufacturing platform company in a $100 million series of rollup acquisitions

    Strategic Investment for Health Care Private Equity Firm

    Represented a Dallas-based private equity firm focused on emerging health care companies in its strategic investment in a provider of mental health treatment programs.

    Trusted Advisors to Gulf South Private Equity Firm

    Advised a leading Gulf South private equity firm on multiple transactions, providing integrated counsel on tax, real estate, environmental, contract and intellectual property matters.

    Platform Company Rollup Acquisitions

    Represented a private equity backed manufacturing and food processing equipment platform company in a $80 million series of rollup acquisitions.

     

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