Monogram Capital Partners Completes Majority Investment in Vasco, Leading Sports Surfaces Service Platform, as Second Consumer Services Platform within Fund III

Following its successful acquisition of Precision Door Tri-State, Monogram extends its consumer services playbook in backing leading sports surfaces service provider The Vasco Group ("Vasco" or the "Company") through its next wave of expansion and consolidation as the company's first institutional capital partner.

LOS ANGELES, April 16, 2025 /PRNewswire/ -- Monogram Capital Partners ("Monogram"), a Los Angeles-based private equity firm specializing in leading consumer businesses, supply chain and service providers, with the support of Halmos Capital Partners ("Halmos"), a Miami-based private equity firm focused on lower middle-market companies (together, the "Sponsors"), have acquired a majority equity stake in Vasco, a proprietary opportunity to partner with a premier full-service sports surfacing provider with market-leading presences in Ohio and Florida (operating as Nidy Sports Construction or "Nidy"). The management team, led by co-owners Matt Savage (President & Chief Executive Officer) and Glen Maurer (Chief Operating Officer), will continue to lead Vasco in executing on a joint vision for growth that leverages its extensive capability set across surfaces to expand its footprint organically into adjacent markets and extend its leadership further into new geographies. Jared Stein and Mike Li of Monogram will join the Board alongside the co-owners and Dan Adan of Halmos.

Vasco was originally founded in 1967 as a commercial paving and asphalt construction company. Matt Savage joined the Company as a sales representative in 2004 and quickly identified tremendous whitespace in the sports surfaces area where there was significant fragmentation and where existing providers lacked the full-scale surfacing and paving capabilities that Vasco had developed since inception. Matt Savage acquired ownership of Vasco from its original founder alongside Glen Maurer as they repositioned the company's focus toward full-service sports surfaces, cementing Vasco as a leading player in the country with end-to-end capability and technical expertise across surfaces in retrofit and replacement projects as well as ongoing service and maintenance work. The company specializes in servicing a diverse set of end customers including K-12, municipalities, universities, professional athletic organizations and multifamily residential (i.e., HOA) customers. With over 55 years in business, Vasco has continued to embody its mission-driven culture with a core focus rooted-in identifying and developing outstanding people, maintaining the strictest compliance to safety practices while leveraging the latest technology to deliver innovative solutions, and upholding an unwavering commitment to quality and service for its customer base, ensuring best-in-class performance accountability from start to finish. Given their excitement in Vasco's future, Matt Savage and Glen Maurer will retain significant minority equity positions in the business and lead the day-to-day operations alongside Zach Stevenson (Head of Nidy) and Kevin Emmendorfer (Chief Financial Officer), ushering in this exciting next stage of growth.

"We are thrilled to partner with the Vasco management team on their next wave of growth and expansion leveraging the phenomenal service culture and technical capabilities they've built to bring Vasco's leading sports service practice to new markets across the country, said Jared Stein, Co-Founder & Partner at Monogram Capital. We specialize in businesses that have developed unique know-how in a difficult service trade and that can further cement their advantage through extending best practice across systems, people and processes at scale. Vasco and Nidy are a paramount example of this coupled with a sports surfaces landscape that is incredibly fragmented. Matt, Glen, Zach, and team are excellent operators who have built incredibly trusted relationships with their customers as evidenced by their extremely high repeat rates and long-term retention behavior. We look forward to building upon this mission driven service culture and technical expertise to extend our services to many new markets in the years ahead."

"We are excited about locking arms with Monogram and Halmos as our preferred partners given their track records working with closely held businesses and multi-unit platforms alongside the deep operational best practices they bring to bear," said Matt Savage. "Together, we will build upon the strong foundation that the existing team has worked hard to establish in order to take the Company to new heights and further amplify our market leading position both in Ohio and Florida, as well as new markets we develop and acquire."

"Matt, Glen, Zach, and their team have established Vasco and Nidy as leaders in the sports surfaces industry, driven by an unwavering commitment to quality and customer service over the past two decades," said Daniel Adan, Partner at Halmos Capital. "We look forward to supporting the Vasco and Nidy teams to extend their best-in-class expertise into new and adjacent markets nationwide."

Monogram and Halmos are dedicated to supporting Vasco, Nidy, and their leadership team in their mission to provide best-in-class service to customers across the US and will look to accelerate growth through both organic initiatives and strategic acquisitions of other leading regional service providers. If you are a sports-focused contractor, asphalt or commercial paving provider, or are otherwise interested in partnering with Vasco or Nidy, please email Michael Li at [email protected].

Deerpath Capital provided debt financing for the transaction. O'Melveny & Myers LLP and Massumi + Consoli LLP served as legal advisors to Monogram and Halmos. Buckingham, Doolittle & Burroughs, LLC served as legal advisor to Vasco.

Monogram Capital Partners:
Headquartered in Los Angeles, CA, Monogram Capital Partners currently manages over $1B in RAUM, focusing exclusively on investing in leading consumer businesses, supply chain and service providers. With an operationally-oriented mindset, the firm seeks to be the first institutional partner to inspiring founder and family owners alongside strong management teams to help them achieve their full potential, investing up to $75 million of equity per transaction. For more information, please visit www.monogramcapital.com.

Halmos Capital Partners:
Halmos Capital Partners is a private equity firm based in Miami, FL that invests in leading lower middle-market businesses. It is focused on partnering with best-in-class management teams to build companies in niche markets with an operational focus. Halmos transforms small-capitalization, entrepreneurial businesses into institutional platforms positioned for continued growth and investment. For more information, please visit https://www.halmoscapital.com/.

The Vasco Group:
Headquartered in Massillon, OH and operating in Florida as Nidy Sports Construction, The Vasco Group is an industry leader in sports surfacing service work. From football field to tennis court and running track construction, Vasco's design team is capable of delivering any athletic field or court project from start to finish. For over 55 years Vasco has served as a trusted resource for anyone looking for professional quality athletic fields and facilities. Vasco has an ASBA (American Sports Builder Association) Certified Track, Tennis, and Synthetic Field builder on staff, successfully completing everything from K-12 tennis courts to full scale artificial turf installations in football stadiums for some of the most respected professional athletic programs in the nation. For more information, please visit https://thevascogroup.com/.

SOURCE Monogram Capital Partners