Halmos Capital Announces Partnership with Vasco, a Leading Sports Surfaces Service Platform

MIAMI, May 20, 2025 /PRNewswire/ -- Halmos Capital Partners ("Halmos"), a Miami-based private equity firm focused on lower middle-market companies, and Monogram Capital Partners ("Monogram"), a Los Angeles-based private equity firm specializing in leading consumer businesses, supply chain and service providers, 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. Dan Adan of Halmos will join the Board alongside the co-owners and Jared Stein and Mike Li of Monogram.

Vasco was originally founded in 1967 as a commercial paving and asphalt construction company. Matt Savage joined the Company in 2004 and quickly identified whitespace in sports surfaces, eventually acquiring 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. Matt Savage and Glen Maurer will retain significant 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.

"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."

"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."

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

Halmos Capital Partners:
Halmos Capital Partners is a private equity firm based in Miami, FL that invests in leading lower middle-market businesses. Halmos transforms small-capitalization, entrepreneurial businesses into institutional platforms positioned for continued growth and investment. https://www.halmoscapital.com/.

Media Contact: info@halmoscapital.com

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SOURCE Halmos Capital Partners LLC