M&A Deal Summary

Kelso Acquires Emtec

On September 6, 2022, private equity firm Kelso acquired information technology company Emtec from Peachtree Equity Partners and NewSpring Capital

Acquisition Highlights
  • This is Kelso’s 4th transaction in the Information Technology sector.
  • This is Kelso’s 67th transaction in the United States.
  • This is Kelso’s 7th transaction in Florida.
Investment Fate
  • Emtec merged with another company in 2024.

M&A Deal Summary

Date 2022-09-06
Target Emtec
Sector Information Technology
Buyer(s) Kelso
Sellers(s) Peachtree Equity Partners
NewSpring Capital
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)

Target

Emtec

Jacksonville, Florida, United States
website
Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 78 of 81
Sector (Information Technology) 4 of 5
Type (Secondary Buyout) 21 of 22
State (Florida) 7 of 9
Country (United States) 67 of 70
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 WilliamsMarston

Boston, Massachusetts, United States

WilliamsMarston is an accounting, tax, and management consulting firm that advises more than 300 public, private equity-backed, and pre-IPO companies managing rapid growth and transformation including mergers, acquisitions, carve-outs, spin-offs, initial public offerings, complex technical accounting, and restructuring. WilliamsMarston was founded in 2014 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Valenz

Phoenix, Arizona, United States

Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity, and accuracy of claims, and a suite of risk affinity solutions, the company optimizes healthcare for the provider, payer, plan, and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.

Buy -

Seller(S) 2

SELLER

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 13 of 13
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Florida) 1 of 1
Country (United States) 12 of 12
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Sell $108M
SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 78 of 81
Sector (Information Technology) 14 of 15
Type (Secondary Buyout) 20 of 20
State (Florida) 3 of 3
Country (United States) 77 of 80
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Avantus

McLean, Virginia, United States

Avantus is a provider of mission-focused cyber, data analytics, and software development solutions to the Department of Defense, Intelligence Community, Department of Homeland Security, and other law enforcement and civilian agencies. Avantus is based in McLean, Virginia.

Sell $590M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 D2K Traffic Safety

Naperville, Illinois, United States

D2K Traffic Safety is an industrial service business specializing in traffic safety services including traffic control, pavement marking, signing, and flagging. D2K’s primary customers include Heavy-Highway contractors, municipalities, utility firms and contractors, airports, and developers in the Chicagoland area. D2K Traffic Safety was formed in 2013 and is based in Naperville, Illinois.

Buy -