M&A Deal Summary

H.I.G. Private Equity Acquires Circle Graphics

On October 2, 2019, private equity firm H.I.G. Private Equity acquired business services company Circle Graphics from Housatonic Partners

Acquisition Highlights
  • This is H.I.G. Private Equity’s 28th transaction in the Business Services sector.
  • This is H.I.G. Private Equity’s 169th transaction in the United States.
  • This is H.I.G. Private Equity’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2019-10-02
Target Circle Graphics
Sector Business Services
Buyer(s) H.I.G. Private Equity
Sellers(s) Housatonic Partners
Deal Type Secondary Buyout

Target

Circle Graphics

Longmont, Colorado, United States
website
Circle Graphics is a large-format digital printing company, specializing in billboard prints for the US market. The Company focuses on the outdoor advertising market and provides both paper and vinyl billboard prints to the largest outdoor media companies in the nation. Circle Graphics was established in 1999 and is based in Longmont, Colorado.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 253 of 349
Sector (Business Services) 28 of 38
Type (Secondary Buyout) 35 of 60
State (Colorado) 3 of 5
Country (United States) 169 of 231
Year (2019) 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 RxStrategies

Boca Raton, Florida, United States

RxStrategies, Inc. provides the federally qualified community health centers (FQHC), other qualified entities and the pharmacy partners with a full turn-key solution for the implementation and on-going management of the 340B discount prescription drug program. RxStrategies was founded in 2003 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-24 Meyra Group

Łódź, Poland

Meyra Group is a mobility and rehabilitation equipment provider, who designs, manufactures and distributes active, e-powered, comfort, manual and pediatric wheelchairs and orthopedics. The company is among the market leaders within the segment of premium, technologically advanced wheelchairs for active users and sells its products to 70+ countries. The company is headquartered in Kalldorf, Germany and also operates manufacturing, assembly and distribution sites in Poland, Norway, Denmark and China.

Buy -

Seller(S) 1

SELLER

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 40 of 44
Sector (Business Services) 9 of 10
Type (Secondary Buyout) 12 of 13
State (Colorado) 2 of 3
Country (United States) 39 of 42
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 CitiXsys Holdings

New York, New York, United States

CitiXsys is a global software company addressing the needs of mid-market retailers. The flagship solution suite, iVend Retail, helps retailers to optimize business operations to gain more time to focus on what really matters – cultivating customer engagement and capitalizing on retail trends. CitiXsys was founded in 2005 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 D2C Media

Edmonton, Alberta, Canada

D2C Media provides auto dealerships with digital marketing and lead management solutions, including websites, search engine & social media marketing solutions, customer relationship management software, outsourced virtual business development centers, and reputation management services. The company also owns and operates its media network, including AutoAubaine.com and AutoKMH.com. D2C Media was founded in 2003 and is based in Montreal, Quebec.

Buy -
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