M&A Deal Summary

Calera Capital Acquires ImageFirst

On October 31, 2018, private equity firm Calera Capital acquired healthcare services company ImageFirst

Acquisition Highlights
  • This is Calera Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Calera Capital’s 28th transaction in the United States.
  • This is Calera Capital’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2018-10-31
Target ImageFirst
Sector Healthcare Services
Buyer(s) Calera Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ImageFirst

King of Prussia, Pennsylvania, United States
ImageFirst is a linen rental and laundry service company specializing in the healthcare market throughout the U.S. ImageFirst was founded in 1967 and is based in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

Calera Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Calera Capital Partners LP is a private equity firm that targets investments in mid-sized North American businesses valued up to $750 million. Calera Capital looks to invest at least $35 million of equity capital per transaction. Target industries include manufacturing, software, healthcare, consumer products and services. Prospective transaction situations include leveraged recapitalizations of privately held companies, restructurings, growth financings/acquisitions, corporate spin-offs, and take-private situations. Calera seeks businesses with leading market positions, attractive margins, and strong organic growth. Calera Capital was formerly known as Fremont Partners, a unit of the Fremont Group. Calera Capital was formed in 1991 and has offices in San Francisco, California and Boston, Massachusetts.

DEAL STATS #
Overall 31 of 35
Sector (Healthcare Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 21 of 23
State (Pennsylvania) 5 of 5
Country (United States) 28 of 32
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Global Critical Logistics

Lititz, Pennsylvania, United States

Global Critical Logistics is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Through its offices in the US, UK, Australia, Belgium, Brazil, Chile, China, Colombia, Germany, Japan, Mexico, Netherlands, and Peru, augmented by a network of foreign agents specializing in live events, GCL serves thousands of customers per year with specialized freight solutions on all seven continents. Global Critical Logistics was founded in 1978 and is based in Lititz, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Bay State Physical Therapy

Braintree, Massachusetts, United States

Bay State Physical Therapy is a provider of physical therapy and chiropractic services. The company provides a wide range of evidence-based treatments, including therapeutic exercise, joint mobilization, soft tissue mobilization, neuromuscular education, spinal manipulation, and aquatic therapy. The Company operates more than 50 physical therapy clinics and 11 co-located chiropractic offices across Massachusetts and New Hampshire. Bay State was founded in 1995 and is based in Braintree, Massachusetts.

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