M&A Deal Summary

Kohlberg & Company Acquires Alacrity Solutions

On May 1, 2019, private equity firm Kohlberg & Company acquired business services company Alacrity Solutions from Aquiline Capital Partners

Acquisition Highlights
  • This is Kohlberg & Company’s 8th transaction in the Business Services sector.
  • This is Kohlberg & Company’s 63rd transaction in the United States.
  • This is Kohlberg & Company’s 7th transaction in Indiana.
Investment Fate
  • Alacrity Solutions was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2019-05-01
Target Alacrity Solutions
Sector Business Services
Buyer(s) Kohlberg & Company
Sellers(s) Aquiline Capital Partners
Deal Type Secondary Buyout
Advisor(s) Waller Helms Advisors LLC (Financial)

Target

Alacrity Solutions

Fishers, Indiana, United States
website
Alacrity Solutions is a provider of outsourced claims management solutions to insurance carriers. Alacrity was formed in 1976 and is based in Fishers, Indiana.

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Buyer(S) 1

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 64 of 79
Sector (Business Services) 8 of 10
Type (Secondary Buyout) 19 of 32
State (Indiana) 7 of 7
Country (United States) 63 of 77
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Engage PEO

Hollywood, Florida, United States

Engage PEO provides comprehensive HR solutions to small and mid-sized businesses nationwide, sharpening their competitive advantage. Comprised of the industry’s most respected veteran professional employer organization executives, certified HR professionals and attorneys, Engage PEO provides hands-on, expert HR services and counsel to help clients minimize cost and maximize efficiency for stronger business performance. The company’s superior service offering includes a full range of health and workers’ compensation insurance products, payroll technology and tax administration, risk management services and advanced technology as part of an extensive suite of HR services. Engage PEO was formed in 2011 and is based in Hollywood, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Nelipak

Venray, Netherlands

Nelipak is a global manufacturer of custom-designed rigid healthcare packaging used for Class II and Class III medical devices, and pharma drug delivery products. The company operates strategically located cleanroom facilities meeting customers’ most stringent packaging requirements. Nelipak’s experienced in-house design, development, prototyping, manufacturing and quality teams offer medical trays and blisters, surgical procedure trays, pharmaceutical handling trays, custom built sealing machines and other value-added services.

Buy -

Seller(S) 1

SELLER

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 11 of 21
Sector (Business Services) 1 of 4
Type (Secondary Buyout) 2 of 7
State (Indiana) 1 of 1
Country (United States) 6 of 14
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Super Home

San Francisco, California, United States

Super Home, Inc. is a technology company that offers subscription services providing care and repair for your home. Company partners with the best local services to deliver quick and effective home repair and maintenance at a predictable cost, using technology to take the hassle out of homeownership.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Health IQ

Mountain View, California, United States

Health IQ is an insurance technology innovator that uses proprietary data to reward runners, cyclists, swimmers, and other health-minded Americans with more attractively priced term-life insurance.

Buy -
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