M&A Deal Summary

Nautic Partners Acquires VC3

On March 16, 2021, private equity firm Nautic Partners acquired information technology company VC3 from WestView Capital Partners

Acquisition Highlights
  • This is Nautic Partners’ 3rd transaction in the Information Technology sector.
  • This is Nautic Partners’ 64th transaction in the United States.
  • This is Nautic Partners’ 2nd transaction in South Carolina.

M&A Deal Summary
Date 2021-03-16
Target VC3
Sector Information Technology
Buyer(s) Nautic Partners
Sellers(s) WestView Capital Partners
Deal Type Secondary Buyout
Advisor(s) Latham & Watkins (Legal)

Target

VC3

Columbia, South Carolina, United States
website
VC3 is a provider of managed IT hosting and support services primarily to the municipal government sector. The Company offers a full suite of managed IT solutions including private cloud hosting of industry specific applications, hosted desktops, hosted VoIP, fully managed networks and 24×7 help desk services. VC3 also develops website and web application solutions and software that enhance the automation and productivity of its clients business processes. VC3 was founded in 1994 and is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 65 of 76
Sector (Information Technology) 3 of 5
Type (Secondary Buyout) 17 of 21
State (South Carolina) 2 of 2
Country (United States) 64 of 75
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 HES Facilities

Knoxville, Texas, United States

HES Facilities is a provider of essential facility services for K-12 schools and higher education. HES Facilities is based in Knoxville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Spartech

St. Louis, Missouri, United States

Spartech is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and roll stock products, and packaging solutions for a wide spectrum of customers. Spartech was founded in 1960 and is based in St. Louis, Missouri.

Sell -

Seller(S) 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $15 and $60 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 29 of 34
Sector (Information Technology) 7 of 9
Type (Secondary Buyout) 10 of 13
State (South Carolina) 1 of 1
Country (United States) 29 of 34
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 CloudWave

Marlborough, Massachusetts, United States

CloudWave is a full-service cloud services provider, technical consultancy, and technology solutions integrator for MEDITECH. CloudWave’s cloud services offerings include OpSus|Live, fully-managed MEDITECH hosting services, and OpSus|Recover, disaster recovery services for MEDITECH and enterprise applications. CloudWave was founded in 1991 and is based in Chagrin Falls, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Prime Electric

Bellevue, Washington, United States

Prime Electric provides specialty electrical services primarily to large non-residential clients across the technology, healthcare & biotech, public sector & education, industrial and commercial real estate sectors. With a footprint spanning the Pacific Northwest and California, the Company’s capabilities include electrical construction, electrical service & maintenance, underground & utilities services, and low voltage technology solutions. Prime Electric was founded in 1987 and is based in Bellevue, Washington.

Buy -
Mergr

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Company

Legal