David Felts

Managing Director

David is a managing director at TM Capital, one of Oaklins’ US member firms. For over 35 years he has developed a significant practice in representing many well-respected middle-market private equity firms regarding portfolio company divestitures. He has been a frequent panel speaker at middle-market M&A and relevant industry conferences. While David primarily focuses on sell-side M&A and equity recapitalizations, he has a track record of success working in lender-driven situations and in debt transactions. His sector experience spans consumer, building products, distribution, industrials and business services, with particular expertise in equipment rental & dealers, outsourced facilities services, outdoor and consumer-driven building products, home & technical textiles, marine products and asset protection products and services. Recent transactions include the sale of residential steam shower provider Steamist to Masco, the cross-border sale of omni-channel flooring business Cali Brands to Victoria plc, the sale of Parterre commercial flooring to AHF Products, the sale of a PE-backed residential shutter & cabinet components supplier to a sponsor, the sale of an installed outdoor architectural products company to a sponsor, and multiple acquisition financings supporting a door, window and bath remodeler; the cross-border recapitalization of cash cycle services company Cennox plc with York Capital and the subsequent sale of PE-backed commercial safe and service company FireKing to Cennox; the sales of rental equipment companies Norris Sales to United Rentals, Pride Equipment to Ashtead/Sunbelt, Buckner Heavylift to Markel Ventures and assisting a sponsor in the carveout of a large rental business from an equipment dealer; the sale of PE-owned US and PE-owned Canadian commercial security hardware distributors to a US and Canadian sponsor, respectively; the sale of PE-backed fire and life safety services provider Summit Companies to a sponsor and the sale of a PE-backed outsourced asphalt maintenance service company to a sponsor-backed portfolio company; the sale of a PE-backed Culligan water filtration dealer network to Culligan; and the sales of home textile producers PE-backed Spencer Home (decorative pillows) to PE-backed Surefit, PE-backed Berkshire Blanket (fleece blankets) to China-based SUMEC and Roc-Lon to Chinatex.

Prior to joining TM Capital in 2016, David was a managing director at Brookwood Associates, where for over a decade he focused primarily on middle-market M&A advisory services. Previously, he was a founding partner at Equity Capital Partners, a lower-market committed private equity fund, and a director at Prudential Securities Investment Banking, where he spearheaded the growth of Prudential’s successful consumer and industrials practice. David has an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and a BA from the McIntire School of Commerce at the University of Virginia.