M&A Deal Summary

Lovell Minnick Partners and Monroe Capital Acquire ATTOM Data Solutions

On January 8, 2019, private equity firm Lovell Minnick Partners and lender Monroe Capital acquired information services company ATTOM Data Solutions from Renovo Capital and Rosewood Private Investments

Acquisition Highlights
  • This is Lovell Minnick Partners’ 1st and Monroe Capital’s 1st transaction in the Information Services sector.
  • This is Lovell Minnick Partners’ 38th and Monroe Capital’s 77th transaction in the United States.
  • This is Lovell Minnick Partners’ 12th and Monroe Capital’s 13th transaction in California.

M&A Deal Summary
Date 2019-01-08
Target ATTOM Data Solutions
Sector Information Services
Buyer(s) Lovell Minnick Partners
Monroe Capital
Sellers(s) Renovo Capital
Rosewood Private Investments
Deal Type Secondary Buyout
Advisor(s) GCA Corp. (Financial)
Morgan Lewis
Venable LLP (Legal)

Target

ATTOM Data Solutions

Irvine, California, United States
website
ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM Data Solutions was founded in 1996 and is based in Irvine, California.

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Buyer(S) 2

Buyer

Lovell Minnick Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 40 of 53
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 3 of 4
State (California) 12 of 13
Country (United States) 38 of 48
Year (2019) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Leerink Swann

Boston, Massachusetts, United States

Leerink Swann LLC is an investment bank, specializing in healthcare and life sciences. Our knowledge, experience, and focus enable us to help our clients define and achieve their strategic, capital markets and investment objectives. We partner with companies that develop and commercialize innovative products and services that are defining the future of healthcare. Leerink Partners LLC is a member of FINRA/SIPC.

Sell $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Commercial Credit Group

Charlotte, North Carolina, United States

Commercial Credit Group (CCG) is a middle-market commercial equipment finance and leasing company serving niche markets. The company's primary areas of focus are the construction, transportation, and waste industries, though transactions for other types of industrial equipment will be considered. CCG's typical transaction ranges from $50,000 to $1,000,000 with terms from 24 to 72 months. CCG specializes in both purchase-money and refinances transactions to customers throughout the United States.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 77 of 103
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 9 of 11
State (California) 13 of 17
Country (United States) 77 of 102
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 M&D Distributors

Humble, Texas, United States

M&D Distributors is a distributor of aftermarket parts and components for maintaining and repairing diesel-powered engines within Texas, Oklahoma, and Louisiana. M&D Distributors’ product portfolio includes more than 100,000 new and remanufactured fuel injection, turbocharger, engine part, and filtration products from leading OEMs and aftermarket suppliers. M&D Distributors was founded in 1943 and is based in Humble, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Thermal Solutions Manufacturing

Nashville, Tennessee, United States

Thermal Solutions Manufacturing is a manufacturer and distributor of heat exchange and temperature control products to the North American heavy-duty aftermarket and specialty vehicle original equipment markets. Thermal Solutions Manufacturing was founded in 2012 and is based in Nashville, Tennessee.

Sell -

Seller(S) 2

SELLER

Renovo Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Renovo Capital is a private equity firm focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo Capital will consider opportunities throughout North America and looks to commit $10 to $50 million per transaction. Sectors of interest include niche manufacturing, business services, energy services, technology, and e-commerce. Renovo Capital was formed in 2009 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (California) 3 of 3
Country (United States) 5 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 Rochester Gauges

Dallas, Texas, United States

Rochester Gauges, Inc. is a manufacturer of gauges and sensors that measure liquid levels of various fuels, including propane, gasoline and diesel for various applications, such as residential and commercial propane tanks, forklifts, RV’s, lawn and garden equipment, tractors and personal aircraft. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Brussels, Belgium with a sales office in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Unicon

Marshville, North Carolina, United States

Unicon is a provider of field services and logistics to poultry processing complexes across the Southeast, mid-Atlantic, and Midwest. The company primarily provides harvesting (catching) services, collecting poultry from commercial barns and loading livestock onto trailers for transportation. Additionally, the Company provides hauling services to a select set of customers as well as litter treatment and pest control services to commercial poultry farmers within its service footprint. Unicon was the first live poultry contractor to automate its harvesting processes in the U.S.

Buy -
SELLER

Rosewood Private Investments

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rosewood Private Investments is a family-owned private investment firm focused on acquiring and building companies. The Firm will consider opportunities throughout the US and generally seeks to commit $50 to $100 million per transaction. Target companies typically possess experienced management and diverse customers. Rosewood does not have any sector preferences, however, the Firm will not invest in oil/gas, real estate, banking, insurance, and biotechnology. Rosewood Private Investments is based in Dallas, Texas.

DEAL STATS #
Overall 8 of 14
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 5 of 8
State (California) 2 of 2
Country (United States) 8 of 14
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Superior Environmental Solutions

Cincinnati, Ohio, United States

Superior Environmental Solutions (SES) is a provider of comprehensive, vertically integrated environmental and industrial services, including emergency response, hydro blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal, and related, complementary services. Superior Environmental Solutions was founded in 1999 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Novaria Group

North Richland Hills, Texas, United States

Novaria Group is a cohesive family of precision aerospace & defense component companies, a sum made greater by the value of its parts, that consistently delivers optimum performance and sustainable growth. Novaria Group was founded in 2011 and is based in North Richland Hills, Texas.

Sell -
Mergr

Product

Company

Legal