M&A Deal Summary |
|
|---|---|
| Date | 2020-06-30 |
| Target | Sunstar Insurance Group |
| Sector | Insurance |
| Buyer(s) | BBH Capital Partners |
| Sellers(s) | LNC Partners |
| Deal Type | Recapitalization |
| Advisor(s) | Piper Sandler & Co. (Financial) Bass, Berry & Sims PLC (Legal) |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Agnostic |
BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector (Insurance) | 1 of 1 |
| Type (Recapitalization) | 4 of 4 |
| State (Tennessee) | 3 of 3 |
| Country (United States) | 9 of 13 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-30 |
Vyve Broadband
Purchase, New York, United States Vyve Broadband is a broadband platform focused on non-urban markets in Oklahoma, Kansas, Texas, and Arkansas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-13 |
DynaGrid
Lewisville, Texas, United States DynaGrid is an independent provider of subgrade and sitework services for electric utility transmission infrastructure. DynaGrid performs essential and technical services required to upgrade, harden and expand transmission infrastructure. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 26 |
| Sector (Insurance) | 2 of 2 |
| Type (Recapitalization) | 1 of 2 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 23 of 26 |
| Year (2020) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-01 |
Tech24
Greenville, South Carolina, United States Tech24 is an installation, preventative maintenance, and repair company specializing in foodservice facilities. The company specializes in cooking, refrigeration, beverage, and specialty foodservice equipment. In select markets, it also performs HVAC, Electrical, and Plumbing services. Tech24 was formed in 1982 and is based in Greenville, South Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-04 |
BWG Strategy
Cranford, New Jersey, United States BWG Strategy is a provider of market intelligence, data, and other information to investment management and corporate clients through a subscription-based business model. BWG Strategy was founded in 2013 and is based in Cranford, New Jersey. |
Buy | - |
