M&A Deal Summary

Access Holdings Acquires Foundation Partners

On June 25, 2015, private equity firm Access Holdings acquired consumer services company Foundation Partners from Sterling Partners Private Equity

Acquisition Highlights
  • This is Access Holdings’ 1st transaction in the Consumer Services sector.
  • This is Access Holdings’ 2nd transaction in the United States.
  • This is Access Holdings’ 1st transaction in Florida.

M&A Deal Summary
Date 2015-06-25
Target Foundation Partners
Sector Consumer Services
Buyer(s) Access Holdings
Sellers(s) Sterling Partners Private Equity
Deal Type Secondary Buyout

Target

Foundation Partners

Orlando, Florida, United States
Foundation Partners is a provider of end-of-life transition services, owning and operating 38 funeral homes and six cemeteries in 13 states, and is actively seeking to expand its locations throughout the U.S. Foundation Partners was founded in 2010 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Access Holdings

Category Private Equity Firm
Founded 2013
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Access Holdings is a private investment firm focused on acquiring and growing niche essential service-oriented companies. The Firm generally looks to pursue buy and build situations in large industries with fragmented businesses. Access Holdings was formed in 2013 and is headquartered in Baltimore, Maryland.

DEAL STATS #
Overall 2 of 10
Sector (Consumer Services) 1 of 4
Type (Secondary Buyout) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 10
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-22 RizePoint

Salt Lake City, Utah, United States

RizePoint is a provider of SaaS company innovative software solutions to conduct audits, inspections, and self-assessments that empower businesses to streamline processes, reduce risk, and elevate brand reputation, to better bottom-line results. RizePoint was founded in 1997 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Kuvare

Rosemont, Illinois, United States

Kuvare is an insurance holding company focused on providing life insurance and annuity solutions to middle-market customers. Kuvare offers diversified annuities, life insurance, and supplemental products to the middle-income and mass-affluent consumer segments through its acquisition-led growth strategy. Kuvare was founded in 2014 and is based in Rosemont, Illinois.

Buy -

Seller(S) 1

SELLER

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 29 of 51
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 5 of 9
State (Florida) 2 of 3
Country (United States) 29 of 49
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-27 GEM Mobile Treatment Services

Signal Hill, California, United States

GEM Mobile Treatment Services, Inc. (GEM) is a provider of comprehensive services to the petroleum, petrochemical, environmental and energy industries. Their services include mobile vapor control and tank degassing, mobile turnaround and marine services, mobile wastewater treatment services, as well as emissions monitoring and environmental compliance reporting. GEM offers vapor control technology such as vapor combustion, liquid scrubbing and carbon adsorption.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 National Underground Group

Irvine, California, United States

National Underground Group is a technology-enabled underground infrastructure service provider to municipal, utility and engineering customers across the U.S. NUG’s primary services include pipeline inspection, repair & cleaning, utility locating, and trenchless pipeline sewer and storm drain rehabilitation. National Underground Group was formed in 1947 and is based in Irvine, California.

Buy -
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