M&A Deal Summary

Audax Private Equity and First Capital Partners Acquire United Urology Group

On August 1, 2016, private equity firm Audax Private Equity and mezzanine finance firm First Capital Partners acquired healthcare services company United Urology Group

Acquisition Highlights
  • This is Audax Private Equity’s 11th and First Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Audax Private Equity’s 93rd and First Capital Partners’ 17th transaction in the United States.
  • This is Audax Private Equity’s 3rd and First Capital Partners’ 1st transaction in Maryland.

M&A Deal Summary
Date 2016-08-01
Target United Urology Group
Sector Healthcare Services
Buyer(s) Audax Private Equity
First Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

United Urology Group

Owings Mills, Maryland, United States
website
United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care in addition to ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

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Buyer(S) 2

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 96 of 153
Sector (Healthcare Services) 11 of 15
Type (Buyout (LBO, MBO, MBI)) 32 of 41
State (Maryland) 3 of 3
Country (United States) 93 of 145
Year (2016) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 RelaDyne

Cincinnati, Ohio, United States

RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-19 Laborie Medical Technologies

Portsmouth, New Hampshire, United States

Laborie Medical Technologies is a manufacturer and supplier of pelvic health and gastrointestinal medical equipment and consumables. Since its founding in 1967, Laborie has been committed to delivering innovative, complete solutions that provide better diagnostics and treatment outcomes to patients worldwide. Laborie Medical Technologies was founded in 1967 and is based in Portsmouth, New Hampshire.

Sell -
Buyer

First Capital Partners

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 241M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.

DEAL STATS #
Overall 17 of 33
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (Maryland) 1 of 2
Country (United States) 17 of 33
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 UPF Services

Spokane Valley, Washington, United States

UPF Services LLC is a provider of residential and commercial real estate mortgage and loan services to its financial institution customers. Mortgage lenders and loan servicers use these services to quantify and qualify risk and manage loss mitigation throughout the mortgage and loan spectrum.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Sell $87M
Mergr

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Company

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