M&A Deal Summary |
|
|---|---|
| Date | 2022-03-14 |
| Target | TriMech Solutions |
| Sector | Software |
| Buyer(s) |
Sentinel Capital Partners
Audax Private Debt |
| Sellers(s) | Halifax Group |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 87 of 95 |
| Sector (Software) | 2 of 2 |
| Type (Secondary Buyout) | 31 of 35 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 80 of 88 |
| Year (2022) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-02 |
American West Restaurant Group
Orange, California, United States American West Restaurant Group is a Pizza Hut franchisee in California. American West Restaurant Group operates 221 Pizza Hut quick service restaurants ("QSRs") in greater Los Angeles across five contiguous counties: central Los Angeles, Riverside, San Bernardino, Ventura, and North Orange County. American West Restaurant Group is based in Orange, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-08 |
SPL
Houston, Texas, United States SPL is an independent provider of critical outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport in the United States. The Company provides a comprehensive suite of gas and liquid laboratory tests and related field services from its network of 8 labs and 14 field service locations across the U.S. and counts leading independent and major exploration and production companies, as well as midstream operators, among its customers. SPL’s test and measurement services enable its customers to evaluate the composition of the hydrocarbons they are producing to fine-tune production from wells, market products downstream, meet regulatory reporting requirements, and ensure accurate payment of royalties to leaseholders. Southern Petroleum Laboratories was founded in 1944 and is based in Houston, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 66 |
| Sector (Software) | 2 of 2 |
| Type (Secondary Buyout) | 25 of 29 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 56 of 64 |
| Year (2022) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-01 |
Backstage
Brooklyn, New York, United States Backstage is an operator of a professional platform that connects actors, singers, dancers, comedians, voiceover artists, variety performers, and crew members with gigs and works with casting directors and content creators to help them find top industry talent. Backstage was founded in 1960 and is based in Brooklyn, New York. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-13 |
Cerity Partners
New York, New York, United States Cerity Partners is a provider of comprehensive financial management services to a diverse spectrum of High Net Worth (“HNW”) individuals and their families, businesses and their executives, and nonprofit organizations. Clarity Partners is based in New York City. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $5 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 23 |
| Sector (Software) | 2 of 2 |
| Type (Secondary Buyout) | 13 of 13 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 19 of 19 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-19 |
Case Facilities Management Solutions
North Attleborough, Massachusetts, United States Case Facilities Management Solutions is a provider of snow management and landscaping services to customers across the U.S. Case Facilities Management Solutions was formed in 2009 and is headquartered in North Attleboro, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-23 |
Liberty Group
Houston, Texas, United States Liberty Group provides temporary staffing, executive search, and employee screening services to clients in the multifamily residential real estate industry. Liberty Group was founded in 1977 and is based in Houston, Texas. |
Buy | - |
