M&A Deal Summary

Olympus Partners Acquires Vaco

On November 12, 2017, private equity firm Olympus Partners acquired staffing company Vaco from Quad-C Management

Acquisition Highlights
  • This is Olympus Partners’ 2nd transaction in the Staffing sector.
  • This is Olympus Partners’ 39th transaction in the United States.
  • This is Olympus Partners’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2017-11-12
Target Vaco
Sector Staffing
Buyer(s) Olympus Partners
Sellers(s) Quad-C Management
Deal Type Secondary Buyout
Advisor(s) William Blair
Bowstring Advisors (Financial)
White & Case (Legal)

Target

Vaco

Brentwood, Tennessee, United States
website
Vaco LLC is a consulting and placement firm that provides finance and IT professionals on both a project and permanent basis. Vaco was founded in 2002 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 40 of 55
Sector (Staffing) 2 of 3
Type (Secondary Buyout) 21 of 30
State (Tennessee) 1 of 1
Country (United States) 39 of 52
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 The Ritedose

Columbia, South Carolina, United States

The Ritedose Corp. is a manufacturer of blow-fill-seal(BFS) of small fill volume pharmaceutical unit dose sterile and non-sterile liquids. Company specialize in manufacturing inhalation products, eye drops, eardrops and unit dose oral liquids.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Centerplate

Stamford, Connecticut, United States

Centerplate, Inc. is a provider of live event hospitality, "Making It Better To Be There®" for more than 116 million guests each year at prominent entertainment, sports and convention venues across North America, Europe and the United Kingdom. Centerplate has provided event hospitality services to 36 official U.S. Presidential Inaugural Balls, 14 Super Bowls and 22 World Series

Sell $675M

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 3.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.

DEAL STATS #
Overall 32 of 47
Sector (Staffing) 2 of 3
Type (Secondary Buyout) 17 of 27
State (Tennessee) 1 of 1
Country (United States) 29 of 42
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Galleher

Santa Fe Springs, California, United States

Galleher is a floor covering distributor in the U.S., serving builders, contractors and retailers. Galleher distributes a broad offering of hardwood, resilient, vinyl and laminate flooring as well as carpet and installation accessories to more than 5,000 customers while also providing unique custom hardwood manufacturing capabilities. Galleher was founded in 1937 and is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 @properties

Chicago, Illinois, United States

@properties is a technology-enabled real estate brokerage services provider in the Chicago and Atlanta metro areas and surrounding territories. @properties was founded in 2000 and is based in Chicago, Illinois.

Buy -
Mergr

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Company

Legal