Investment Summary

Eagle Private Capital, Plexus Capital and 424 Capital Invest In Practis

On December 31, 2019, mezzanine finance firm Eagle Private Capital, private equity firm Plexus Capital and growth capital firm 424 Capital invested in marketing company Practis

Investment Highlights
  • This is Eagle Private Capital’s 4th, Plexus Capital’s 1st and 424 Capital’s 1st transaction in the Marketing sector.
  • This is Eagle Private Capital’s 82nd, Plexus Capital’s 84th and 424 Capital’s 10th transaction in the United States.
  • This is Eagle Private Capital’s 4th, Plexus Capital’s 12th and 424 Capital’s 1st transaction in North Carolina.

Investment Summary

Date 2019-12-31
Target Practis
Sector Marketing
Investor(s) Eagle Private Capital
Plexus Capital
424 Capital
Deal Type Growth Capital

Target

Practis

Charlotte, North Carolina, United States
website
Practis provides secure and comprehensive internet marketing solutions that enable medical groups, hospitals, and healthcare companies to exceed their patient engagement and acquisition goals. The company has developed a strong foundation by offering several proprietary software tools which enable it to serve a large client base at low costs. Practis was formed in 1998 and is based in Charlotte, North Carolina.

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Investor(S) 3

Investor

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 82 of 86
Sector (Marketing) 4 of 5
Type (Growth Capital) 16 of 17
State (North Carolina) 4 of 4
Country (United States) 82 of 86
Year (2019) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 TriStar

Overland Park, Kansas, United States

TriStar is a provider of full-service event marketing services to the nation's top healthcare associations. TriStar was founded in 2002 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Pearce Services

Paso Robles, California, United States

Pearce Services is a provider of engineering, maintenance, and repair services for communications and expansion solutions for the wireline and wireless telecommunications industries. Pearce Services is based in Paso Robles, California.

Sell -
Investor

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 84 of 94
Sector (Marketing) 1 of 2
Type (Growth Capital) 9 of 10
State (North Carolina) 12 of 14
Country (United States) 84 of 94
Year (2019) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Sunrise Landscape

Tampa, Florida, United States

Sunrise Landscaping is a provider of commercial landscaping services, including installation, maintenance, irrigation installation, irrigation maintenance, and weed & pest control services. The company services a variety of commercial clients including developers, property owners, and community associations. Sunrise Landscaping was founded in 1978 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 Frazil

Salt Lake City, Utah, United States

Freezing Point LLC is a manufacturer, marketer, and sells frozen beverage products dispensed by convenience stores located across the US. Freezing Point is based in Salt Lake City, Utah.

Buy -
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 10 of 19
Sector (Marketing) 1 of 2
Type (Growth Capital) 5 of 13
State (North Carolina) 1 of 2
Country (United States) 10 of 19
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 OnBoard Security

Wilmington, Massachusetts, United States

OnBoard Security, Inc. was created to help automotive and IoT organizations stay ahead of the curve through superior cybersecurity software and services. For nearly 20 years, the world-renowned experts at OnBoard Security have been pioneering technologies that protect the Internet of Things, now and for the future. The company addresses three significant challenges: ensuring the security and privacy of connected vehicles, accelerating the implementation of trusted computing, and helping avoid the existential threat from quantum computers to the integrity of the internet.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Verge Health

Mount Pleasant, South Carolina, United States

Verge Health offers SaaS solutions that automate and streamline complex administrative processes in the hospital system. Verge Health was founded in 2001 and is based in Mount Pleasant, South Carolina.

Sell -