M&A Deal Summary

Welsh Carson Anderson & Stowe Acquires Intoxalock

On March 2, 2017, private equity firm Welsh Carson Anderson & Stowe acquired technology hardware company Intoxalock from ClearLight Partners

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 1st transaction in the Technology Hardware sector.
  • This is Welsh Carson Anderson & Stowe’s 77th transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 1st transaction in Iowa.

M&A Deal Summary

Date 2017-03-02
Target Intoxalock
Sector Technology Hardware
Buyer(s) Welsh Carson Anderson & Stowe
Sellers(s) ClearLight Partners
Deal Type Secondary Buyout
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

Intoxalock

Des Moines, Iowa, United States
website
Intoxalock is a U.S. provider of ignition interlock devices, which are breathalyzers installed in vehicles to prevent ignition by intoxicated drivers. Intoxalock pioneered the development of fuel cell technology in IIDs, and continues to combat drunkdriving with the most innovative solutions in the market.

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Buyer(S) 1

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 80 of 97
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 14 of 20
State (Iowa) 1 of 1
Country (United States) 77 of 92
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Universal American

White Plains, New York, United States

Universal American is a provider of health care products and services.

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-30 Aptuit

Greenwich, Connecticut, United States

Aptuit LLC is a provider of integrated early discovery to mid-phase drug development services in the pharmaceutical industry including Drug Design & Discovery, API Development and Manufacture, Solid State Chemistry, CMC, Preclinical and IND enabling GLP/GMP programs. Fully integrated drug discovery & development services are available from our facilities in the UK, Italy, and Switzerland.

Sell $300M

Seller(S) 1

SELLER

ClearLight Partners

Newport Beach, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ClearLight Partners LLC is a private equity firm that invests in mid-sized companies with strong cash-flow margins and limited capital intensity. ClearLight looks for US and Canadian headquartered companies with annual revenues between $25 and $250 million and EBITDA of $4 and $15 million. ClearLight targets investments across a broad range of industries with a particular interest in specialty manufacturing and distribution, business services, education and training, healthcare services, specialty finance, and consumer products and services. The Firm's target investment size is $10 to $50 million per transaction. ClearLight Partners was formed in 2000 and is based in Newport Beach, California.


DEAL STATS #
Overall 5 of 10
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Iowa) 1 of 1
Country (United States) 5 of 10
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-11 Walker Advertising

Torrance, California, United States

Walker Advertising is a provider of marketing services and advertising campaigns for the legal industry in California with a particular emphasis on serving the Latino community. Walker Advertising was founded in 1984 and is based in Torrance, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Moore Landscapes

Northbrook, Illinois, United States

Moore Landscapes is a provider of landscape services including installation, maintenance, enhancement, snow removal, and interior plant maintenance to commercial and public customers throughout the Chicago area. Moore Landscapes was founded in 1948 and is based in Northbrook, Illinois.

Buy -