Louisiana-based Lemoine’s acquisition of Macro Companies tops monthly M&AsMarch 11, 2023
By: G.F. Gay Le Breton and Alexander Aguilar March 7, 2023
Louisiana-based Lemoine continued to broaden its emergency preparedness and disaster recovery services in February with the acquisition of Macro Companies, one of the world’s largest emergency fuel and water suppliers.
Headquartered in Broussard, Macro Companies provides transportation services for fuel and water using specialized equipment capable of hauling a wide range of products and materials throughout the United States. The company manages and maintains the largest company-owned fleet of fuel and dispensing vehicles, according to Lemoine.
Lemoine purchased Macro from the McElligott family, who operated it for nearly 100 years. Richard McElligott and Bill McElligott will continue to serve as president and vice president of Macro.
Known for its commercial construction practice, Lemoine has been executing a plan to expand into adjacent and complementary business lines. Prior to the Macro transaction, Lemoine made two acquisitions to strengthen its disaster services capabilities; DCMC Partners, specializing in crisis management and disaster recovery in 2020, and The Workforce Group, a locally-based disaster recovery firm in 2021. With the acquisition of Macro, Lemoine now brings together more than 600 employees to offer a suite of critical services to industries and governments preparing for and responding to natural disasters and emergencies.
Lemoine has been a portfolio company of private equity group, Bernhard Capital Partners since 2019. In 2021, Lemoine consolidated its four operating segments, building construction, disaster services, program services and infrastructure, under one brand.
Also in February, Amedisys, Inc., entered into a definitive agreement to divest a majority of its personal care division to HouseWorks LLC. Amedysis will sell its locations in Massachusetts and Tennessee, and retain its Florida presence. The $50 million deal is expected to close midyear.
Amedisys also announced that HouseWorks, in partnership with eCaring, will join the Amedisys personal care network and that a “care coordination partnership” will be formed.
Baton Rouge-headquartered Amedysis began its personal care services in 2016 when it acquired Massachusetts-based Associated Home Care, led by Mike Trigilio who is now the CEO of HouseWorks. The mission was to provide a continuum of care in the home alongside Amedysis’ Home Health, Hospice and High Acuity Care units.
Amedisys Chairman and CEO Paul Kusserow said in a statement. “We strongly believe in the value of personal care and this divestiture allows our personal care division to grow under a proven leader in the industry while Amedisys focuses our attention on our core business units.” In 2022, personal care revenue was less than 3% of Amedysis’ total revenue of $557.9 million.
Houseworks will add Amedysis’ thirteen locations to its eight in Massachusetts, New Hampshire, Maine and Pennsylvania. As of January 2023, Houseworks is backed by private equity group InTandem Capital Partners, LLC. HouseWorks CEO Michael Trigilio said, “Partnering with InTandem Capital allows the company to expedite our growth goals, leveraging their deep expertise within the health care sector as well as additional capital resources for the company’s inorganic growth strategy.”
G.F. Gay Le Breton is managing director for Chaffe & Associates Inc., responsible for the merger and acquisition activities of the firm. Alexander Aguilar is a financial analyst with the firm. Investment banking services are provided by Chaffe Securities Inc., member FINRA/SIPC. For more information, visit http://chaffe-associates.com.