M&A Deal Summary |
|
|---|---|
| Date | 2022-01-04 |
| Target | Medical Card System |
| Sector | Insurance |
| Buyer(s) | Kinderhook Industries |
| Sellers(s) |
JLL Partners
Advent Morro Equity Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Guggenheim Securities (Financial) Skadden, Arps, Slate, Meagher & Flom O'Neill & Borges (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 53 of 59 |
| Sector (Insurance) | 4 of 4 |
| Type (Secondary Buyout) | 10 of 11 |
| Country (Puerto Rico) | 1 of 1 |
| Year (2022) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-23 |
Race Winning Brands
Mentor, Ohio, United States Race Winning Brands is a designer, manufacturer, and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiast and racing consumers. RWB consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments. According to industry research, the enthusiast powersport segment has seen annualized growth of 10-15 percent over the last 18 months with forecasted growth of six to eight percent over the next 12 months. Racing Winning Brands is based in Mentor, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-06 |
REIC
Kalispell, Montana, United States REIC is an equipment rental company that provides construction and industrial equipment for rent, as well as used equipment for sale. The Company operates equipment rental stores throughout the Mountain West region of the United States. REIC was founded in 2014 and is based in Kalispell, Montana. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 5.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 20 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 5 |
| Country (Puerto Rico) | 1 of 1 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-10 |
Modus Create
Reston, Virginia, United States Modus Create is a global provider of digital transformation and product development services. It builds customer-centric products, processes, and platforms to help businesses succeed in the digital economy. For over 10 years, Modus Create's global team of strategists, designers, and technologists have helped the world’s biggest brands such as Burger King, Kaplan, AARP, PBS, and Time Inc. deliver powerful digital experiences to their clients. The company works in an iterative, outcome-driven way to support our clients with product strategy, customer experience (CX), full-stack Agile software development, and security. Modus Create was formed in 2011 and is based in Reston, Virginia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| Size | Small |
| Type | Sector Agnostic |
Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $5 to $10 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| Country (Puerto Rico) | 2 of 2 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-13 |
Quality Water Service
Guaynabo, Puerto Rico Quality Water Service provides businesses in Puerto Rico with point-of-use (POU) bottle-less water coolers and filtration systems. The company has been a distributor of Waterlogic dispensers, delivering the highest standards of water quality and offering sustainable hydration solutions for both business and residential customers. Quality Water Service is based in Guaynabo, Puerto Rico. |
Sell | - |
