Bloomfield Hills, Michigan –InStar Services Group was named Private Equity Turnaround Deal of the Year by Global M&A Network. The award recognizes BlackEagle Partners’ work in the August 2008 acquisition of InStar from The ServiceMaster Company, a portfolio company of Clayton, Dubilier & Rice, Inc.

“In the acquisition of non-core subsidiaries such as InStar a great deal of effort is exerted prior to the transaction by a number of parties; however, as an operations focused firm our work begins after the closing,” said Jason Runco, Partner of BlackEagle.  “We identified InStar as a business with significant unrealized potential and by partnering with the management team we have worked to realign and grow the company to better serve its customers across the U.S.”

The Turnaround Atlas Awards were presented by Global M&A Network at a ceremony in Chicago on June 23. Shanta Kumari, chief executive officer of Global M&A Network said, “Today, the demand for top talent gathered at the Turnaround Atlas Awards gala is vital for preserving industries, jobs and rebuilding of the American economy and competitiveness. Winners and finalists can take pride for completing impressive array of turnarounds requiring creative collaboration and the very best from the industry.”  The Turnaround Atlas Awards is attended by leaders in the turnaround profession to recognize outstanding performance for executing transactions, implementing turnaround strategies and financial work-outs.

About InStar
Based in Fort Worth, Texas, InStar is a leading national provider of disaster response, insurance restoration and reconstruction services operating from 14 branches throughout the East Coast, the Southeast and Texas.  In addition to disaster response, services include response to fires, floods, water-line breaks and storm damage in order to return damaged property to its pre-loss condition.  The company also provides structural maintenance, renovation and modernization services to large multi-family properties.  InStar markets its services to a broad range of customers, including retail, hospitality, manufacturing, healthcare, insurance companies and multi-family residential property owners/managers.

About BlackEagle Partners
BlackEagle Partners, LLC, with offices in New York, New York and Bloomfield Hills, Michigan, is an operations focused, middle market private equity firm that seeks to acquire underperforming and distressed businesses, non-core subsidiaries and companies in out-of-favor industries. BlackEagle seeks businesses with revenues between $50 and $500 million.

www.blackeaglepartners.com