M&A Deal Summary

Cove Hill Partners Acquires Kalkomey

On April 30, 2020, private equity firm Cove Hill Partners acquired consumer services company Kalkomey from Riveria Investment Group

Acquisition Highlights
  • This is Cove Hill Partners’ 1st transaction in the Consumer Services sector.
  • This is Cove Hill Partners’ 5th transaction in the United States.
  • This is Cove Hill Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2020-04-30
Target Kalkomey
Sector Consumer Services
Buyer(s) Cove Hill Partners
Sellers(s) Riveria Investment Group
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Kalkomey

Dallas, Texas, United States
website
Kalkomey Enterprises, LLC is a provider of technology-enabled recreational safety management solutions to outdoor enthusiasts and government agencies. Kalkomey administers online education courses and certifications for boaters and hunters in all 50 US states and in Canada. Kalkomey also provides software to state agencies to drive recreational participation and civic engagement and grow agency revenue.

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Buyer(S) 1

Buyer

Cove Hill Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cove Hill Partners is a private equity firm focused on control (or influential minority) investments in consumer technology companies. The Firm looks to make 1 to 2 platform acquisitions per year and will consider opportunities throughout North America valued up to $800 million. Prospective companies generally exhibit strong management, high barriers to entry, attractive business models, and competitive market positions. Cove Hill Partners was formed in 2017 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 8
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Texas) 2 of 2
Country (United States) 5 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Storable

Austin, Texas, United States

Storable is a software & technology provider to the self-storage industry. Storable offers an end-to-end integrated suite of technology solutions to empower self-storage operators to enhance efficiency and optimize occupancy. Storable was founded in 2019 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Storable

Austin, Texas, United States

Storable is a software & technology provider to the self-storage industry. Storable offers an end-to-end integrated suite of technology solutions to empower self-storage operators to enhance efficiency and optimize occupancy. Storable was founded in 2019 and is based in Austin, Texas.

Sell -

Seller(S) 1

SELLER

Riveria Investment Group

New York, New York, United States

website


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Riveria Investment Group is a private equity firm focused primarily on profitable, small to mid-sized, expansion-stage companies. The Firm targets situations where additional capital can accelerate growth. Riveria looks for transactions valued from $20 to $200 million and EBITDA of $2 to $25 million. Areas of interest include consumer products, retail, manufacturing, industrial, media/entertainment, and healthcare. In addition to growth equity transactions, Riveria will also consider management buyouts, recapitalizations, purchases of family-owned companies, corporate divestitures, and take-privates. Riveria is based in New York City.


DEAL STATS #
Overall 6 of 9
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Texas) 2 of 3
Country (United States) 6 of 9
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Empire Petroleum Holdings

Dallas, Texas, United States

Empire Petroleum Holdings LLC is a distributor of fuel and fuel products on the East Coast. Empire Petroleum operates as a wholesaler between petroleum companies and retail gas stations. Empire Petroleum Holdings was founded in1998 and is based in Gaithersburg, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 Yaqrit

Ledbury, United Kingdom

Yaqrit is a clinical stage liver disease company, spun out of University College London in 2014. The Company’s current developments are based on more than 20 years of researching for liver disease. Their first programs are for severely ill patients – with cirrhosis or Acute-on-Chronic Liver Failure (ACLF). The Company plans to broaden its approach to include patients with complication of cirrhosis, Non-Alcoholic Steatohepatitis (NASH) and Non-Alcoholic Fatty Liver Disease (NAFLD), which affects more than 25% of populations in developed economies.

Buy -