M&A Deal Summary

Harvest Partners Private Equity Acquires Fortis Solutions Group

On October 15, 2021, private equity firm Harvest Partners Private Equity acquired business services company Fortis Solutions Group from Main Post Partners

Acquisition Highlights
  • This is Harvest Partners Private Equity’s 6th transaction in the Business Services sector.
  • This is Harvest Partners Private Equity’s 42nd transaction in the United States.
  • This is Harvest Partners Private Equity’s 3rd transaction in California.

M&A Deal Summary

Date 2021-10-15
Target Fortis Solutions Group
Sector Business Services
Buyer(s) Harvest Partners Private Equity
Sellers(s) Main Post Partners
Deal Type Secondary Buyout
Advisor(s) BMO Capital Markets (Financial)
Morrison & Foerster LLP (Legal)

Target

Fortis Solutions Group

Merced, California, United States
website
Fortis Solutions Group provides a differentiated approach by giving customers a powerful advantage in the marketplace through industry-leading lead times, quality control, color management, and solution-oriented approaches. The company delivers a breadth of product offerings utilizing outstanding flexographic, letterpress, offset, and digital printing capabilities. These offerings include pressure-sensitive and shrink sleeve labels, multi-ply coupon, and flexible packaging printing, extended booklet printing, pouches, folding cartons, label applicators, and variable data printing. Formed in 2010, Fortis Solutions Group was and is headquartered in Virginia Beach, VA, and also has manufacturing and sales offices in Austin, TX; Catoosa, OK; Ellington, CT; Flowery Branch, GA; High Point, NC; Kansas City, MO; Lewisville, TX; Marietta, GA; Memphis, TN; Merced, CA; Napa, CA; Orem, UT; West Chester, OH; Whitefish, MT; and Wixom, MI.

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Buyer(S) 1

Buyer

Harvest Partners Private Equity

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 45 of 49
Sector (Business Services) 6 of 6
Type (Secondary Buyout) 24 of 27
State (California) 3 of 3
Country (United States) 42 of 46
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Buy -

Seller(S) 1

SELLER

Main Post Partners

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2014
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Post Partners is a private equity firm focused on investing $50 to $250 million in high-growth companies across the consumer value chain. Main Post Partners invests in both majority and minority positions primarily in first institutional capital situations where founders, entrepreneurs and management teams are looking for an partner to help build their companies. Main Post Partners was established in 2014 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 3 of 5
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 5
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Nulo Pet Food

West Lake Hills, Texas, United States

Nulo Pet Food is a premium pet food brand with recipes that are high in meat protein, grain-free, have low glycemic carbohydrates, and contain a patented probiotic for immune and digestive health. Nulo Pet Food was formed in 2009 and is based in West Lake Hills, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Milk Makeup

New York, New York, United States

Milk Makeup is an award winning color cosmetics line from the visionary co-founders of Milk Studios, Mazdack Rassi, Erez Shternlicht and Moishe Mana. Milk has been at the cultural intersection of the fashion, music photography and film worlds and is a hub for nurturing creativity. In 2016, Milk launched its first consumer product line, Milk Makeup, which has rapidly grown as the leader of a pack of new rebellious, upstart indie brands. Milk Makeup was founded by Milk's Mazdack Rassi and his co-founders, along with Dianna Ruth, Georgie Greville and Zanna Roberts Rassi.

Sell -