DENVER, CO - Headwaters MB announced that it advised Dolinka Group, LLC, a financial and facilities planning service provider to public education agencies, on its recapitalization to Renovus Capital Partners, a private equity fund focused on providing capital and strategic assistance to small and mid-sized education companies.
“With California’s economy rebounding and new housing construction growing rapidly, my firm has a wide range of growth opportunities,” added Benjamin Dolinka, Dolinka’s founder and CEO. “I would also like to expand our operations outside of California since there is an opportunity to provide these services to school districts in a number of other states. Renovus brings the capital and education industry expertise that will help me realize these opportunities and accelerate the growth of the business.”
“Dolinka was searching for a value-added partner who is passionate about advancing education”, said Bob Balaban, Managing Director at Headwaters MB. “Renovus Capital is the perfect fit. Renovus is dedicated to education and will provide the necessary capital and guidance to help Dolinka expand into its geographic reach. In addition, Dolinka’s entire management team, with Benjamin Dolinka as CEO, will remain with the company to lead the execution of Dolinka’s vision.”
Headwaters MB acted as exclusive financial advisor to Dolinka Group in the transaction. Terms of the transaction were not disclosed.