M&A Deal Summary

FFL Partners and Two Sigma Impact Acquire Community Medical Services

On December 21, 2021, private equity firms FFL Partners and Two Sigma Impact acquired healthcare services company Community Medical Services from Clearview Capital

Acquisition Highlights
  • This is FFL Partners’ 11th and Two Sigma Impact’s 2nd transaction in the Healthcare Services sector.
  • This is FFL Partners’ 44th and Two Sigma Impact’s 6th transaction in the United States.
  • This is FFL Partners’ 2nd and Two Sigma Impact’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-12-21
Target Community Medical Services
Sector Healthcare Services
Buyer(s) FFL Partners
Two Sigma Impact
Sellers(s) Clearview Capital
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Alston & Bird LLP (Legal)

Target

Community Medical Services

Scottsdale, Arizona, United States
website
Community Medical Services is a provider of medication-assisted treatment (“MAT”) programs for patients suffering from substance use disorders. Operating across four states, the Company provides services to more than 4,000 individuals from 14 comprehensive treatment centers, including the nation’s first 24-hour Opioid Treatment Program. Community Medical Services was founded in 1983 and is based in Scottsdale, Arizona.

Search 191,421 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) 2

Buyer

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.


DEAL STATS #
Overall 48 of 51
Sector (Healthcare Services) 11 of 12
Type (Secondary Buyout) 14 of 15
State (Arizona) 2 of 2
Country (United States) 44 of 47
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 OPS

Atlanta, Georgia, United States

OPS provides technology consulting, team augmentation and domestic rural outsourcing services to Fortune 2000 Clients. OPS operates through two primary brands: Optomi, which focuses on high-end IT consulting and staff augmentation, and Provalus, a trailblazing provider of domestic IT outsourcing that creates quality IT jobs in rural communities. OPS was founded in 2012 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-18 Perlman Clinic

San Diego, California, United States

Perlman Clinic is a full-service provider of comprehensive best-in-class primary care, as well as urgent care, behavioral health, and wellness services. Perlman Clinic operates 16 facilities staffed by over 100 primary care providers across the Greater San Diego region delivering comprehensive internal, family medicine, integrative, preventive, mental health, and other treatment services to more than 75,000 patients. Perlman Clinic was founded in 2005 and is based in San Diego, California.

Buy -
DESCRIPTION

Two Sigma is a private investment group focused on opportunities in education & training, healthcare, consumer services, and business services. The Firm prefers growth businesses and will consider opportunities throughout the US. Two Sigma is headquartered in New York City.


DEAL STATS #
Overall 6 of 7
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 4 of 5
State (Arizona) 1 of 1
Country (United States) 6 of 7
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Eclipse Advantage

Melbourne, Florida, United States

Eclipse Advantage is a provider of outsourced supply chain workforce solutions specializing in servicing warehouses and distribution centers. The company partners with Fortune 1000 companies and small businesses to help them improve supply chain productivity and efficiency. Eclipse Advantage provides a comprehensive suite of labor services in more than 150 locations across the US and Canada, and focuses on a wide array of end markets. Eclipse Advantage was founded in 2003 and is based in Melbourne, Flordia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Milestone Technologies

Fremont, California, United States

Milestone Technologies is a provider of solutions to the strategic IT needs of large global corporations. Milestone’s solutions include managed help desk, data center operations, managed contact center, platform engineering services and IT logistics. Milestone helps its clients create and operate their critical IT infrastructures.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 22 of 22
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 15 of 15
State (Arizona) 1 of 1
Country (United States) 22 of 22
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Capitol Services

Austin, Texas, United States

Capitol Services is a provider of outsourced legal and compliance services to law firms and corporate clients. Capitol Services was founded in 1978 and is based in Austin, Texas.

Buy -