--- title: "Capstreet’s Acquisition of PlanetBids Wins Houston-Based Private Equity Deal of the Year from ACG Houston" description: "Capstreet, a Houston-based lower middle market private equity firm, announced today that it was awarded Houston-Based Private Equity Deal of the Year by The..." url: https://capstreet.multisites.ai/news/capstreets-acquisition-of-planetbids-wins-houston-based-private-equity-deal-of-the-year-from-acg-houston publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # Capstreet’s Acquisition of PlanetBids Wins Houston-Based Private Equity Deal of the Year from ACG Houston OtherPublished May 2, 20243 min read ![Capstreet team members at Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_Z23gxjt.webp) Capstreet, a Houston-based lower middle market private equity firm, announced today that it was awarded Houston-Based Private Equity Deal of the Year by The Association for Corporate Growth (ACG) Houston. The award recognized Capstreet for its acquisition of PlanetBids, a provider of eProcurement software as a service (SaaS) solutions. Capstreet acquired PlanetBids in June 2023 from founders Arpie and Alan Zavian. PlanetBids enables public and private organizations to improve visibility, save time, and reduce costs by electronically managing their procurement processes through a fast and frictionless modern interface. “It is an honor to be recognized once again by the ACG, which has its pulse on Houston’s middle market deal community,” said Adrian Guerra, Partner at Capstreet. “Arpie and Alan played an essential role in making this a noteworthy deal. They were great partners, collaborative in getting it closed, and were in alignment with us on our vision for the company. We are optimistic that we can help PlanetBids take advantage of the increased demand for eProcurement, particularly as more government agencies look to invest in software platforms to improve efficiency.” ACG Houston’s 7th Annual Deal of the Year event, which took place on April 24th at the Houston Country Club, celebrates Houston’s booming middle-market deal community. It honors the deals and dealmakers who drive middle-market growth and their success in generating job growth, capital formation, and the advancement of meaningful business relationships in the Houston community. **About ACG Houston** ACG Houston is the region’s premier association focused on middle market corporate growth. Our goal is to help business professionals in the M&A community do more business with the right partners. ACG Houston hosts a variety of events throughout the year to provide our local business leaders an opportunity to gain visibility and connect with people and ideas to strategically grow companies. To learn more or become a member visit [www.acg.org/houston](http://www.acg.org/houston). **About Capstreet** Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With more than 50 platform investments and more than 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework® to help accelerate growth and profitability, and create long-term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website. _Capstreet is not aware of the number of entrants surveyed for the award. Capstreet pays a fee for membership in the ACG Houston organization but did not pay a fee to receive this award. This award is not to be construed as indicative of Capstreet’s future performance. Reference to an award is only one piece of information relevant to an evaluation of an investment adviser such as Capstreet. Finally, this award represents information as of a specific date and time and may not reflect important information related to an evaluation of the investment adviser which has occurred prior to, or subsequent to the award. ACG Houston is not affiliated with Capstreet._ ## Terms on this page - [Lower Middle Market](https://capstreet.multisites.ai/glossary/lower-middle-market) - [Private Equity](https://capstreet.multisites.ai/glossary/private-equity) ## Keep reading - [Automotive technology private equity for dealer-focused companiesCapstreet invests in automotive technology businesses that help dealerships. The firm targets solutions for sales, marketing, finance and insurance, and service lane operations. It describes several recent investments in the sector and looks for owners with $3 to $15 million of EBITDA who want a majority capital partner.](https://capstreet.multisites.ai/industries/automotive) - [Business Succession and Exit Options: How to Choose the Right Next Step for Your CompanyOwners have five main exit paths: transfer to family, sell to management, sell to employees through an ESOP, sell to a strategic buyer, or partner with private equity. Each trades price, speed, control and legacy differently. Start planning at least three to five years before you want to step back.](https://capstreet.multisites.ai/business-succession-and-exit-options) - [Buy and Build Strategy: How a Platform Company Grows Through Add-On AcquisitionsA buy and build strategy starts with one well-run platform company and adds smaller businesses to it over time. The goal is a larger, more capable company than any single piece could be. It fits fragmented industries best. Owners of smaller firms can sell to a platform and often stay on.](https://capstreet.multisites.ai/buy-and-build-strategy) - [Construction technology private equity for software ownersCapstreet believes technology can drive large changes in construction efficiency and project delivery. It targets software businesses that support project and financial management for general contractors and sub-contractors. The firm sees the industry as early on its technology adoption curve and looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/construction) - [Capstreet deal criteria: the companies we look forCapstreet looks for entrepreneur-owned business services companies with $3 to $15 million of EBITDA. We make primarily majority investments, and entrepreneurs reinvest alongside Capstreet. We want a tenured team, solid financials, a defensive business model, untapped growth potential and a niche advantage. We invest across 12 industries.](https://capstreet.multisites.ai/deal-criteria) - [The due diligence checklist for owners selling to private equityDue diligence is the buyer's check of your business after you sign a letter of intent. Private equity firms review five areas: financial (quality of earnings), operations, tax, HR and benefits, and legal. Owners who gather clean records before the process starts shorten it and face fewer surprises.](https://capstreet.multisites.ai/guides/due-diligence-checklist-for-owners) ## Ready to get started? Let’s talk. Tell us about your company and what you want next. Conversations are private, and there is no obligation. [Start a conversation](https://capstreet.multisites.ai/contact) [(713) 332-2700](tel:+1-713-332-2700)[connect@capstreet.com](mailto:connect@capstreet.com) ![Capstreet team members at a Houston elementary school for Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_tggWP.webp)