M&A Deal Summary |
|
|---|---|
| Date | 2023-04-12 |
| Target | Tower Engineering Professionals |
| Sector | Engineering |
| Buyer(s) |
H.I.G. Private Equity
Audax Private Debt |
| Sellers(s) |
Aldine Capital Partners
Prairie Capital Cognitive Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Houlihan Lokey (Financial) Katten Muchin Rosenman (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 57.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 334 of 350 |
| Sector (Engineering) | 2 of 2 |
| Type (Secondary Buyout) | 54 of 61 |
| State (North Carolina) | 7 of 7 |
| Country (United States) | 220 of 232 |
| Year (2023) | 6 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-12 |
Office People
Münster, Germany Office People is a personnel management and temporary staffing company that specializes in personnel leasing, personnel placement, and master vendor management and offers additional solutions such as on-site management and EU recruiting. Office People was formed in 2005 and is based in Münster, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-09 |
Riveron
Dallas, Texas, United States Riveron is a provider of event-driven financial consulting and due diligence for corporate clients and private equity firms. Riveron operates across three practice areas Financial Advisory, Transaction Advisory, and Business Advisory. Riveron Consulting was founded in 2006 and is based in Dallas, Texas. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 66 |
| Sector (Engineering) | 1 of 1 |
| Type (Secondary Buyout) | 28 of 29 |
| State (North Carolina) | 3 of 3 |
| Country (United States) | 61 of 64 |
| Year (2023) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-01 |
Ned Stevens
Fairfield, New Jersey, United States Ned Stevens provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned Stevens was founded in 1965 and is based in Fairfield, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-04 |
minds + assembly
New York, New York, United States minds + assembly is a premier design-focused brand launch agency, providing digitally advanced solutions and an unparalleled client experience for leading global healthcare companies. minds + assembly was founded in 2015 and is based in New York City. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 23 |
| Sector (Engineering) | 1 of 1 |
| Type (Secondary Buyout) | 8 of 8 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 22 of 23 |
| Year (2023) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-06 |
NGS
Los Angeles, California, United States NGS is a supplier of OEM and direct-sourced replacement parts for fitness equipment in health clubs and fitness centers around the world. The Company also offers valueadd electronics repair and parts exchange services and builds custom strength equipment cables for its customers. NGS operates as a one-stop-shop for its customers’ aftermarket and after-warranty repair parts needs, offering a comprehensive and turn-key system for maintaining a diverse portfolio of commercial fitness equipment models that need to have aesthetic appeal and practical functionality at all times. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-01 |
Smart Vent
Mt. Royal, New Jersey, United States Smart Vent provides a certified line of Engineered Flood Vents; a safeguard mandated by the Federal Emergency Management Agency, the National Flood Insurance Program, and the State and National Construction Codes in the United States. The company has provided more than 200 million sq. ft of flood protection across the world. Smart Vent was formed in 2001 and is based in Mt. Royal, New Jersey. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 525M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 55 |
| Sector (Engineering) | 1 of 1 |
| Type (Secondary Buyout) | 24 of 26 |
| State (North Carolina) | 2 of 2 |
| Country (United States) | 51 of 54 |
| Year (2023) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-15 |
Architectural Lighting Works
Oakland, California, United States Architectural Lighting Works is a designer and assembler of architectural LED lighting fixtures and participates in the large, fragmented, and rapidly growing LED lighting industry. Architectural Lighting Works was established in 2006 and is headquartered in Oakland, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-11 |
Right at School
Evanston, Illinois, United States Right at School provides safe, engaging, and meaningful in-school and extracurricular programs to enrich the lives of students, give parents peace of mind, and enable schools to focus on their academic mission. Right at School was established in 2011 and is based in Evanston, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| Size | Small |
| Type | Sector Agnostic |
Cognitive Capital Partners LLC is a private equity firm focused on investing in human, organizational and intellectual capital companies located in the US. The Firm seeks middle market companies with EBITDA of $3 to $15 million and invests up to $50 million per transaction (co-invests in the case of larger transactions). Specific areas of interest include professional and human services, marketing services, asset management, healthcare services, consumer product design, branding and manufacturing, insurance and financial services, predictive analytics, and security services. Cognitive Capital Partners LLC was formed in 2006 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Engineering) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 6 of 6 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-16 |
Grand Equipment
Hudsonville, Michigan, United States Grand Equipment is a distributor of a broad line of construction equipment providing new and used sales, rental, service, and parts to a diversified customer base. Grand Equipment was founded in 2000 and is based in Hudsonville. |
Buy | - |
