M&A Deal Summary

Odyssey Investment Partners Acquires IPS

On July 31, 2012, private equity firm Odyssey Investment Partners acquired business services company IPS from The Riverside Company

Acquisition Highlights
  • This is Odyssey Investment Partners’ 6th transaction in the Business Services sector.
  • This is Odyssey Investment Partners’ 28th transaction in the United States.
  • This is Odyssey Investment Partners’ 1st transaction in South Carolina.
Investment Fate
  • IPS was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2012-07-31
Target IPS
Sector Business Services
Buyer(s) Odyssey Investment Partners
Sellers(s) The Riverside Company
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

IPS

Greenville, South Carolina, United States
website
IPS' corporate headquarters in Greenville, South Carolina.
IPS' corporate headquarters in Greenville, South Carolina.
IPS is a provider of maintenance, repair, and replacement solutions for critical process equipment serving industrial and renewable energy end markets in North America. IPS was founded in 2007 and headquartered in Greenville, South Carolina.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 30 of 52
Sector (Business Services) 6 of 9
Type (Secondary Buyout) 10 of 23
State (South Carolina) 1 of 1
Country (United States) 28 of 49
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 L-Com

North Andover, Massachusetts, United States

L-Com, Inc. is a supplier of wired and wireless connectivity products. L-Com Global Connectivity offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-15 Pexco

Johns Creek, Georgia, United States

Pexco is a North American designer and fabricator of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 66 of 189
Sector (Business Services) 8 of 16
Type (Secondary Buyout) 30 of 77
State (South Carolina) 2 of 4
Country (United States) 49 of 132
Year (2012) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 L-Com

North Andover, Massachusetts, United States

L-Com, Inc. is a supplier of wired and wireless connectivity products. L-Com Global Connectivity offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-08 HSI

Eugene, Oregon, United States

HSI provides a comprehensive set of health and safety solutions to help its customers meet their training and compliance requirements. HSI offers more than 780 training courses for emergency care, workplace safety, health & safety services, and professional responders. HSI also provides hands-on training via 51,300 authorized affiliate instructors and 13,200 third-party training centers in the U.S. and Canada. HSI also offers a proprietary management system platform that tracks customers’ health & safety programs and employee compliance. HSI was founded in 1978 and is based in Eugene, Oregon.

Sell -