M&A Deal Summary

PSP Capital Partners Acquires Ntiva

On January 27, 2022, family office PSP Capital Partners acquired information technology company Ntiva from Southfield Capital and Crestline Investors

Acquisition Highlights
  • This is PSP Capital Partners’ 1st transaction in the Information Technology sector.
  • This is PSP Capital Partners’ 4th transaction in the United States.
  • This is PSP Capital Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2022-01-27
Target Ntiva
Sector Information Technology
Buyer(s) PSP Capital Partners
Sellers(s) Southfield Capital
Crestline Investors
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co.
Stifel, Nicolaus & Co., Inc. (Financial)
Finn Dixon & Herling LLP (Legal)

Target

Ntiva

Mclean, Virginia, United States
website
Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup and disaster recovery, and strategic consulting. The company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security. Ntiva was founded in 2004 and is based in Mclean, Virginia.

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Buyer(S) 1

DESCRIPTION

PSP Capital Partners is the family office for Penny Pritzker. PSP Capital looks to invest in real estate, investment funds/partnerships, as well as directly in companies. The direct investment group invests in established, profitable and growing businesses in partnership with management teams. PSP seeks to commit $15 to $100 million per transaction in a variety of transaction situations including special situations, consolidations, buyouts, and recapitalizations. Sectors of interest include business services, niche manufacturing, value-added distribution, and food/agribusiness. PSP Capital Partners is based in Chicago.


DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Virginia) 1 of 1
Country (United States) 4 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Beachfront

New York, New York, United States

Beachfront is a programmatic mobile video advertising company, meeting the video distribution and monetization needs of publishers and advertisers across screens. Beachfront's mobile-first platform enables user experiences in today's demanding mobile video environment. Beachfront was founded in 2005 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 StormTrap

Romeoville, Illinois, United States

StormTrap offers solutions for managing runoff, protecting waterways, and improving the use of a property. StormTrap is committed to providing cost-effective, customized water management solutions to engineers, owners, and municipalities across North America and abroad. StormTrap was founded in 2002 and is based in Romeoville, Illinois.

Buy -

Seller(S) 2

SELLER

Southfield Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Southfield Capital is a private investment group focused on buying and building lower middle-market businesses headquartered throughout North America. The Firm prefers to control investment situations and looks to commit $20 to $60 million of equity in companies valued from $25 to $125 million. Target sectors include manufacturing, distribution and fulfillment, and specialty services. Southfield avoids investing in agriculture, mining, heavy construction, and hazardous materials. Prospective investment situations include buyouts, consolidations, recapitalizations, and growth financings. Southfield Capital is a successor company to the private investment firm Levison & Company and is based in Greenwich, Connecticut with additional offices in Alexandria, Virginia, and Louisville, Kentucky.


DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Virginia) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Pacific Landscape Management

Hillsboro, Oregon, United States

Pacific Landscape Management is a landscape management company offering a range of maintenance, enhancement, and snow/ice services to commercial, industrial, and HOA clients in the Pacific Northwest. Pacific Landscape Management is based in Hillsboro, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Franchise FastLane

Omaha, Nebraska, United States

Franchise FastLane is a franchise sales organization that provides high-value services to emerging franchisors through its proprietary technology including franchisee program development, prospect recruitment, and qualification, communication and tracking, deal closure, and onboarding. Franchise FastLane is based in Omaha, Nebraska.

Buy -
DESCRIPTION

Crestline Investors is an alternative investment firm that specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. The Firm was formed in 1997 and is based in Forth Worth, Texas.


DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Genuine Health Group

Coral Gables, Florida, United States

Genuine Health Group is an analytics-driven healthcare company that assists physicians and health plans in successfully transitioning to value-based payment models for Medicare beneficiaries. Genuine Health Group was founded in 2017 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 NeXtWind Capital

London, United Kingdom

NeXtWind Capital is a renewable energy company specializing in acquiring and repowering onshore wind farms. NeXtWind Capital is based in London, United Kingdom.

Sell $750M