M&A Deal Summary

RFE Investment Partners Acquires ZRG Partners

On December 17, 2018, private equity firm RFE Investment Partners acquired staffing company ZRG Partners from Northcreek Mezzanine

Acquisition Highlights
  • This is RFE Investment Partners’ 1st transaction in the Staffing sector.
  • This is RFE Investment Partners’ 23rd transaction in the United States.
  • This is RFE Investment Partners’ 4th transaction in New Jersey.

M&A Deal Summary

Date 2018-12-17
Target ZRG Partners
Sector Staffing
Buyer(s) RFE Investment Partners
Sellers(s) Northcreek Mezzanine
Deal Type Recapitalization
Advisor(s) The Jordan, Edmiston Group, Inc. (JEGI) (Financial)
Baker, Donelson, Bearman, Caldwell & Berkowitz (Legal)

Target

ZRG Partners

Rochelle Park, New Jersey, United States
website
ZRG Partners is a progressive mid-sized global executive search firm that uses a proven, data-driven approach. For 19 years, clients have trusted ZRG Partners to recruit top talent around the world. ZRG Partners is recognized as one of the fastest-growing executive search firms in the world driven by the firm’s client-focused, results-driven approach grounded in technology and innovation. ZRG Partners was founded in 1999 and is based in Rochelle Park, New Jersey.

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Buyer(S) 1

Buyer

RFE Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
Size Large
Type Sector Agnostic
DESCRIPTION

RFE Investment Partners is a private equity firm focused on investing in lower middle-market service, manufacturing and healthcare service businesses. Prospective companies are generally profitable with annual cash-flow of at least $5 million. Target businesses also have proven management, defensible market positions, and 'a clearly identified and growing market'. RFE looks to commit $10 to $35 million of equity capital per transaction to support acquisitions, management led buyouts, and recapitalizations. RFE is licensed as a SBIC and was formed in 1979. RFE Investment Partners is based in New Canaan, Connecticut.


DEAL STATS #
Overall 23 of 29
Sector (Staffing) 1 of 2
Type (Recapitalization) 3 of 5
State (New Jersey) 4 of 4
Country (United States) 23 of 28
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 ShelterLogic

Watertown, Connecticut, United States

ShelterLogic is a manufacturer and marketer of fabric-covered, steel frame shelters and canopies for diverse consumer and commercial applications, including sheds, garages, greenhouses, and pop-up canopies. ShelterLogic was founded in 1991 and is based in Watertown, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 ThreeBridge Solutions

Minneapolis, Minnesota, United States

ThreeBridge Solutions is a provider of information technology and business consulting services. ThreeBridge is focused on serving the growing market opportunity between global strategic consulting firms and local staffing companies. ThreeBridge Solutions was founded in 2009 and is based in Minneapolis, Minnesota.

Sell -

Seller(S) 1

SELLER

Northcreek Mezzanine

website


Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 3 of 6
Sector (Staffing) 1 of 1
Type (Recapitalization) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 3 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-18 Reliable Medical

Brooklyn Park, Minnesota, United States

Reliable Medical is a provider of complex rehab technology, clinical respiratory products, and durable medical equipment and supplies across Minnesota and parts of Western Wisconsin. The company serves a fragile patient base of pediatric and adult patients with conditions such as ALS, multiple sclerosis, cerebral palsy, a severe spinal cord injury, and stage four COPD, among others. Reliable Medical was formed in 1989 and is based in Brooklyn Park, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Syneo

West Palm Beach, Florida, United States

Syneo is a provider of manufacturing equipment, cutting tools, and services for the medical device and electronics manufacturing industries. Syneo's primary solutions serve catheter, guidewire, and minimally-invasive medical device applications. The company’s comprehensive lines of Accu-branded and Syneo Sharp products are known for delivering an unparalleled level of sharpness and precision, enhancing catheter and surgical device applications through automated handling, cutting, drilling, and precision hole-punching capabilities. Syneo was formed in 2011 and is based in West Palm Beach, Florida.

Buy -