Generational Capital Markets Advises PowerVac of Michigan, Inc. and ServicePRO (together “PVM”) in Sale to Pillsman Partners, LLC

By Capital Markets


Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the majority recapitalization of its client, PowerVac (PVM), by Pillsman Partners, Peninsula Capital Partners, LLC, and management. The transaction closed August 30, 2019 and details were not disclosed.

PVM, located in Novi, Michigan, is a leading provider of hydro excavation, pipe inspection, jet/vac, plumbing, electrical, mechanical, and other repair and maintenance services. The Company’s key markets are commercial, retail, and industrial buildings, as well as utilities and municipalities. PVM has over 3,000 active customers and was founded in 1998.

Pillsman Partners, located in Greenwich, Connecticut, focuses on private investments in businesses which generate $2 to $15 million of EBITDA and operate in markets such as specialty chemicals, advanced materials, engineered components and related business services. Pillsman Partners works to collaboratively support management teams and owners in growing businesses over the long term, investing in transactions throughout North America.

Peninsula Capital Partners, LLC, is a Detroit-based private equity investment firm that has raised six investment partnerships totaling approximately $1.6 billion of committed capital. Peninsula provides customized minority and majority capital solutions to middle market businesses seeking funding to complete acquisitions, support growth, buyback stock or address other special situations requiring capital.

Generational Capital Markets Managing Director of Mergers & Acquisitions, Phil Pizzurro, successfully closed the deal. Senior Managing Director Roger Dean established the initial relationship with Power Vac.

"It was apparent from the first meeting that Pillsman/Peninsula were the right partners for PVM. They had previously invested in, grew, and successfully exited a very similar jet/vac servicing business, which provided us with the confidence and comfort that we were engaging with an additive and experienced partner,” Phil Pizzurro said. “Their culture and values only reinforced our position. I am grateful to have played a role in the creation of this partnership.”

About Generational Capital, LLC

Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at

Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018.

GCM's most recent awards include The M&A Advisor's 2018 International Deal of the Year Awards in the professional services, corporate/strategic and private equity categories.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit