M&A Deal Summary |
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Date | 2021-12-02 |
Target | Cumming Group |
Sector | Business Services |
Buyer(s) | New Mountain Capital |
Sellers(s) | Tailwind |
Deal Type | Secondary Buyout |
Advisor(s) | Jefferies Lincoln International (Financial) Davis Polk & Wardwell (Legal) |
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Category | Private Equity Firm |
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Founded | 2000 |
PE ASSETS | 35.0B USD |
Size | Mega |
Type | Sector Agnostic |
New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 79 of 91 |
Sector (Business Services) | 8 of 10 |
Type (Secondary Buyout) | 32 of 35 |
State (Washington) | 2 of 2 |
Country (United States) | 75 of 87 |
Year (2021) | 8 of 9 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-11-16 |
Profile
Buffalo Grove, Illinois, United States Profile offers environmentally sound, site-specific solutions for soil modification, horticultural production, erosion control, and plant establishment. As a manufacturer of hydraulically applied mulch and additives, horticulture substrates, as well as biotic and ceramic conditioners to amend the soil, the company offers on-site solutions and consultation to architects, land planners, contractors, developers, and municipalities. Their team of agronomists, engineers and industry experts is supported through a worldwide network of experienced distributors. Profile was founded in 1997 and is based in Buffalo Grove, Illinois. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-12-20 |
CCG IQ
Charlotte, North Carolina, United States CCG IQ is a provider of IT solutions for insurance underwriting and claims decisions. The CCQ IQ brands, which include HVACi, StrikeCheck, and JMI Reports, specialize in HVAC and electronics claims, as well as underwriting inspections for insurance professionals. Consolidated Claims Group LLC was founded in 2011 and is based in Charlotte, North Carolina. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 2003 |
PE ASSETS | 3.7B USD |
Size | Large |
Type | Sector Agnostic |
Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.
DEAL STATS | # |
---|---|
Overall | 26 of 32 |
Sector (Business Services) | 2 of 2 |
Type (Secondary Buyout) | 9 of 12 |
State (Washington) | 1 of 2 |
Country (United States) | 26 of 32 |
Year (2021) | 3 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-11-09 |
Core BT
Indianapolis, Indiana, United States Core BTS is a solution provider focused on Cisco-centric software, technology and related IT infrastructure, and technology services to corporate and government clients. Core BTS solves complex business needs across networking, collaboration, security, and data center infrastructure. Core BTS’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments, and remote monitoring support for both Cisco and non-Cisco hardware and software. Core BTS was founded in 2004 and is based in Indianapolis, Indiana. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-01-24 |
AST
Lisle, Illinois, United States AST is a full-service enterprise systems integrator, serving clients in the public and commercial sectors for more than two decades. Clients look to AST for leadership and assistance in systems integration, business process redesign, project management, systems administration, and training. From on-premise applications to modern cloud technology, the company's services encompass all aspects of Enterprise Resource Planning, Business Intelligence, Enterprise Performance Management, Customer Experience, and Middleware. It also offers flexible Managed Services, supporting the needs of over 200 Public Sector and Commercial customers around the globe. AST was formed in 1995 and is based in Lisle, Illinois. |
Sell | - |