M&A Deal Summary

BioTouch Acquires The Allied Group

On May 24, 2022, BioTouch acquired business services company The Allied Group from Plexus Capital and Compass Group Equity Partners

Acquisition Highlights
  • This is BioTouch’s 1st transaction in the Business Services sector.
  • This is BioTouch’s 2nd transaction in the United States.
  • This is BioTouch’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2022-05-24
Target The Allied Group
Sector Business Services
Buyer(s) BioTouch
Sellers(s) Plexus Capital
Compass Group Equity Partners
Deal Type Add-on Acquisition

Target

The Allied Group

Cranston, Rhode Island, United States
website
The Allied Group is a vertically-integrated provider of document management and life science kitting services. The Allied Group was founded in 1946 and is based in Cranston, Rhode Island.

Search 193,103 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

BioTouch

West Haven, Connecticut, United States

website


Category Company
Founded 2012
Sector Transportation
DESCRIPTION

BioTouch provides mission-critical, asset?light dedicated?route transportation solutions exclusively focused on the medical laboratory and hospital industry. BioTouch was founded in 2012 and is based in West Haven, Connecticut.


DEAL STATS #
Overall 2 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Rhode Island) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Path-Tec

Midland, Georgia, United States

Path-Tec LLC provides products and services to assist clinical, pharmaceutical and research laboratories in effectively collecting, transporting and tracking medical specimens. Path-Tec is focused on improving its customer's client supply and specimen management operations. Path-Tec's services allow laboratories to outsource kit production, distribution and tracking services that ensure regulatory shipping compliance, proper specimen collection and most importantly, specimen tracking (Asset Mgt) while significantly improving service and overall costs. Path-Tec was founded in 2005 and is based in Midland, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Titan Solutions

Shannon, Ireland

Titan Solutions is a provider of logistics, kitting, and life sciences supply chain management solutions. Titan Solutions is a sole-source provider for the design, fulfilment, and distribution of diagnostic and specimen collection kits to clinics and consumers through its ISO 13485:2016 certified and digitally enhanced network. Titan Solutions was founded in 2011 and is based in Shannon, Ireland.

Buy -

Seller(S) 2

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 39 of 40
Sector (Business Services) 6 of 6
Type (Add-on Acquisition) 23 of 23
State (Rhode Island) 3 of 3
Country (United States) 39 of 40
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Ticketech International

Long Island City, New York, United States

Ticketech International provides software and hardware point-of-sale systems to valet-based parking garage operators. Ticketech International was established in 1972 and is based in Long Island City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Red Bird

Lexington, North Carolina, United States

Red Bird is a family-owned business that manufactures puffed peppermint candies. It also produces Thinfuls, a line of better-for-you handcrafted popcorn snacks. The company sells its branded products, as well as various private-label candy and popcorn products, across the United States in the mass, dollar, club, drug, and e-commerce channels. Red Bird was formed in 1890 and is based in Lexington, North Carolina.

Sell -
DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 6 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Rhode Island) 1 of 1
Country (United States) 6 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 KGM

Tulsa, Oklahoma, United States

KGM is a value-added distributor of a full suite of measurement products for gas distribution utilities, commercial and industrial customers, municipalities, and pipeline operators, primarily in the central and southern United States. KGM was founded in 2000 and is headquartered in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Florida Energy Water & Air

Maitland, Florida, United States

Florida Energy Water & Air is a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products to a large customer base across Florida, Georgia, and Alabama. Florida Energy Water & Air was founded in 1989 and is based in Maitland, Florida.

Buy -