M&A Deal Summary |
|
|---|---|
| Date | 2017-12-13 |
| Target | NexusTek |
| Sector | Information Technology |
| Buyer(s) | ABRY Partners |
| Sellers(s) |
Harbert Mezzanine Capital
Tenth Street Capital |
| Deal Type | Recapitalization |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 118 of 169 |
| Sector (Information Technology) | 26 of 36 |
| Type (Recapitalization) | 11 of 15 |
| State (Colorado) | 6 of 7 |
| Country (United States) | 103 of 144 |
| Year (2017) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-06 |
BTG
Morganville, New Jersey, United States BTG is a managed private cloud service provider that maintains a singular focus on supporting enterprise workloads and IT services. The company empowers its small, mid-market and enterprise customers with agile, cutting-edge technology coupled supported by a veteran team whose expertise includes cloud-based desktops and storage solutions, SaaS, IaaS, remote monitoring and end-user IT. BTG is perennially ranked as a Talkin’ Cloud Top 100 Cloud Company, has twice been honored with the Cloudys Award for the Most Innovative Cloud Provider, and is a four-time winner of Channel Partners 360 Business Value Award. BTG has also been honored as an MSPmentor 250 managed services provider. BTG was founded in 2007 and is based in Morganville, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-20 |
Broadcast Electronics
Quincy, Illinois, United States Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market. |
Sell | - |
Harbert Mezzanine Capital is the junior capital investment arm of asset manager Harbert Management Corporation. Harbert Mezzanine looks to invest $3 to $15 million of subordinated debt to support growth needs, acquisitions, recapitalizations, or management buyouts of mid-sized companies throughout the US. Harbert Mezzanine Capital is based in Nashville, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 12 |
| Sector (Information Technology) | 1 of 3 |
| Type (Recapitalization) | 1 of 1 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 1 of 12 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-06 |
i3 Verticals
Nashville, Tennessee, United States i3 Verticals is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals was founded in 2012 and is based in Nashville, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
Urgent Care Group
Brentwood, Tennessee, United States Urgent Care Group is focused on taking care of patients by providing affordable and accessible care to help them Get Better. Faster! The Urgent Care Group Network includes 24 centers operating as three brands: Medac Urgent Care in North Carolina, MEDcare Urgent Care in South Carolina, and Health Choice Urgent Care in partnership with Northside Hospital in Georgia. Urgent Care Group was founded in 2017 and is based in Brentwood, Tennessee. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Tenth Street Capital LLC is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. TSC targets profitable businesses with strong market positions and diverse customers. Tenth Street will provide equity and junior capital and looks to invest $1 to $5 million in companies generating $10 to $150 million of revenue. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital LLC was formed in 2005 and is based in Chattanooga, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 21 |
| Sector (Information Technology) | 2 of 2 |
| Type (Recapitalization) | 2 of 2 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 14 of 21 |
| Year (2017) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-25 |
Lawn Dawg
Nashua, New Hampshire, United States Lawn Dawg is a provider of lawn care services specializing in the application of fertilizers, herbicides, and pesticides to residential and commercial customers. Lawn Dawg was founded in 1997 and is based in Nashua, New Hampshire. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-19 |
Thomas Pipe & Supply
Phoenix, Arizona, United States Thomas Pipe & Supply LLC is a value added distributor of industrial pipe, valves, fittings and flanges (PVF) to the MRO and industrial markets. The company is the largest PVF distributor in the state of Arizona. Customers include industrial contractors, manufacturing facilities, hospitals, schools, service contractors, power plants and original equipment manufacturers. |
Sell | - |
