M&A Deal Summary

Gridiron Capital Acquires Colibri Group

On May 2, 2019, private equity firm Gridiron Capital acquired education company Colibri Group from Quad-C Management

Acquisition Highlights
  • This is Gridiron Capital’s 1st transaction in the Education sector.
  • This is Gridiron Capital’s 28th transaction in the United States.
  • This is Gridiron Capital’s 3rd transaction in Missouri.

M&A Deal Summary
Date 2019-05-02
Target Colibri Group
Sector Education
Buyer(s) Gridiron Capital
Sellers(s) Quad-C Management
Deal Type Secondary Buyout

Target

Colibri Group

St. Louis, Missouri, United States
website
Colibri Group helps millions of professionals manage and advance their careers through online learning solutions, all powered by a proprietary technology platform. Colibri Group offers a seamless experience to help licensed professionals progress throughout their careers, focused on licensing, continuing education, industry news, and job opportunities for healthcare, real estate, appraisal, and financial services, among other professions.

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Buyer(S) 1

Buyer

Gridiron Capital

New Canaan, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 764M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 28 of 38
Sector (Education) 1 of 1
Type (Secondary Buyout) 9 of 14
State (Missouri) 3 of 3
Country (United States) 28 of 38
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Jacent

Huntingdon Valley, Pennsylvania, United States

Jacent is a distributor and merchandiser of non-edible, general merchandise impulse items to grocery and other retail channels. The company creates a strategic merchandising plan for each store and places the right impulse product in the right location within the store to drive enhanced customer experiences, sales and profitability. With its national direct store delivery (“DSD”) network and team members, Jacent reorders, restocks and merchandises each store to provide a customized, turn-key solution that drives incremental impulse sales for its blue-chip customers. Jacent is based in Huntingdon Valley, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Dent Wizard International

Bridgeton, Missouri, United States

Dent Wizard is the provider of automotive reconditioning services and related products. Dent Wizard International was founded in 1983 and is based in Bridgeton, Missouri.

Sell -

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 3.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.

DEAL STATS #
Overall 36 of 47
Sector (Education) 3 of 3
Type (Secondary Buyout) 19 of 27
State (Missouri) 1 of 2
Country (United States) 33 of 42
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Compassion-First Pet Hospitals

Tinton Falls, New Jersey, United States

Compassion-First Pet Hospitals is a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. Compassion-First operates a network of 41 hospitals and treatment facilities across 13 states, primarily in urban and suburban areas. Compassion-First provides specialty, emergency and general veterinary care supported by seamless multidisciplinary collaboration among its veterinarians.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Boulder Scientific

Longmont, Colorado, United States

Boulder Scientific is a developer and manufacturer of specialty chemicals used throughout the United States and internationally by companies in the plastics, microelectronics, defense, and aerospace industries. Boulder Scientific was founded in 1972 and is based in Longmont, Colorado.

Buy -
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