Centerbridge Partners Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Centerbridge Partners has acquired 10 companies. It has also invested in 1 other.

Centerbridge Partners’ most common sectors for investment arefinancial services (16%) and healthcare services (14%) . The Firm’s most common investment types include secondary buyout (57%) and buyout (lbo, mbo, mbi) (9%). In total, Centerbridge Partners has invested in 19 US states and 8 different countries. Its largest (disclosed) acquisition occurred in 2022 when it acquired Computer Services for $1.6B.

In the last 3 years, Centerbridge Partners has exited 5 companies. The Firm’s most common exit type is secondary buyout (41%). Centerbridge Partners’ largest (disclosed) exit occurred in 2016 when it sold Carefree Communities for $1.7B.

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M&A Summary

  • M&A Total Activity68
    • M&A Buy Activity46
    • M&A Sell Activity22
  • Total Sectors Invested 22
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 24
  • M&A Advisors 23

Centerbridge Partners

375 Park Avenue, 12th Floor,
New York, New York 10152
United States
(212) 672-5000
www.centerbridge.com
info@centerbridge.com

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Financial Services, Healthcare Services, Information Technology, Insurance, Leisure, Machinery, Manufacturing, Media, Packaging, Real Estate, Restaurants, Retail, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, PIPE, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom, Western Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (3.0/yr) # 31 4 6 3 2 - 46
vol $6.8B $372M $1.6B $8.7B
Sell (1.8/yr) # 13 4 3 2 - - 22
vol $4.6B $1.7B $1.2B $7.5B
  68

Most Recent M&A

Company Date Value Type
MacLean Power Systems LLC 2022-10-12 - Stake Purchase
Fort Mill, South Carolina · www.macleanpower.com
Computer Services, Inc. 2022-08-22 1.6B USD Going Private
Paducah, Kentucky · www.csiweb.com
Medical Solutions LLC 2021-08-30 - Secondary Buyout
Omaha, Nebraska · www.medicalsolutions.com
IPS Corp. 2021-08-11 - Secondary Buyout
Compton, California · www.ipscorp.com
Syncreon International Group 2021-07-01 1.2B USD Add-on Acquisition
Cloghran, Ireland · www.syncreon.com
Hertz Global Holdings, Inc. 2021-04-03 - Special Situations/Distressed
Estero, Florida · www.hertz.com
Precisely 2021-03-03 - Secondary Buyout
Burlington, Massachusetts · www.precisely.com
Community Psychiatry Management LLC 2020-12-15 - Secondary Buyout
Sacramento, California · www.communitypsychiatry.com
Help At Home LLC 2020-10-30 - Secondary Buyout
Chicago, Illinois · www.helpathome.com
American Bath Group 2020-10-08 - Secondary Buyout
Savannah, Tennessee · www.americanbathgroup.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Community Psychiatry Management LLC 2020-12-15 MindPath Care Centers PLLC 2021-05-11 2
Sacramento, California · www.communitypsychiatry.com Durham, North Carolina · www.mindpathcare.com
Civitas Solutions, Inc. 2018-12-18 D&S Community Services 2021-02-22 2
Boston, United States · www.civitas-solutions.com Austin, Texas · www.dscommunity.com
American Bath Group 2020-10-08 DreamLine Shower 2020-12-21 1
Savannah, Tennessee · www.americanbathgroup.com Warminster, Pennsylvania · www.DreamLine.com
KIK Custom Products Ltd. 2015-08-27 KIK Personal Care 2020-07-01 1
Concord, Ontario · www.kikcorp.com Concord, Ontario
KIK Custom Products Ltd. 2015-08-27 Lavo, Inc. 2017-07-06 1
Concord, Ontario · www.kikcorp.com Montreal, Quebec · www.lavo.ca
IPC Systems, Inc. 2015-02-09 Etrali Trading Solutions Co. 2016-02-03 1
Jersey City, New Jersey · www.ipc.com Paris, France · www.etrali.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 2 (8%) - 7 (15%) 900M (10%)
Healthcare Services 5 (19%) 1.4B (21%) 6 (13%) 1.4B (16%)
Insurance 2 (8%) 952M (14%) 3 (7%) 952M (11%)
Consumer Products 1 (4%) - 3 (7%) -
Energy Services and Equipment 2 (8%) - 3 (7%) -
Software 2 (8%) - 3 (7%) -
Transportation - - 3 (7%) -
Communications 2 (8%) 1.2B (18%) 2 (4%) 1.2B (14%)
Restaurants - - 2 (4%) 1.1B (13%)
Packaging 1 (4%) 372M (6%) 2 (4%) 372M (4%)
Internet Software and Services 1 (4%) 1.6B (24%) 1 (2%) 1.6B (18%)
Renewable Energy 1 (4%) 1.2B (18%) 1 (2%) 1.2B (14%)
Building Materials 1 (4%) - 1 (2%) -
Chemicals 1 (4%) - 1 (2%) -
Consumer Services 1 (4%) - 1 (2%) -
Distribution 1 (4%) - 1 (2%) -
Electrical Equipment 1 (4%) - 1 (2%) -
Information Technology 1 (4%) - 1 (2%) -
Leisure - - 1 (2%) -
Machinery - - 1 (2%) -
Manufacturing - - 1 (2%) -
Staffing 1 (4%) - 1 (2%) -
Total 26 $6.7B 46 $8.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 20 (77%) 4.2B (62%) 38 (83%) 6.2B (71%)
  California 4 (15%) - 5 (11%) -
  Illinois 2 (8%) - 5 (11%) -
  Texas 2 (8%) - 4 (9%) -
  Massachusetts 2 (8%) - 4 (9%) -
  Arizona 1 (4%) - 2 (4%) 1.1B (13%)
  Florida 1 (4%) - 2 (4%) 900M (10%)
  Tennessee 1 (4%) - 2 (4%) -
  North Carolina - - 2 (4%) -
  New York - - 2 (4%) -
  Kentucky 1 (4%) 1.6B (24%) 1 (2%) 1.6B (18%)
  New Jersey 1 (4%) 1.2B (18%) 1 (2%) 1.2B (14%)
  Utah 1 (4%) - 1 (2%) -
  South Carolina 1 (4%) - 1 (2%) -
  Nebraska 1 (4%) - 1 (2%) -
  Maryland 1 (4%) - 1 (2%) -
  Ohio - - 1 (2%) -
  Minnesota - - 1 (2%) -
  Georgia - - 1 (2%) -
Germany 2 (8%) 1.2B (18%) 2 (4%) 1.2B (14%)
Switzerland 1 (4%) 952M (14%) 1 (2%) 952M (11%)
Netherlands 1 (4%) 372M (6%) 1 (2%) 372M (4%)
Canada 1 (4%) - 1 (2%) -
  Ontario 1 (4%) - 1 (2%) -
Israel 1 (4%) - 1 (2%) -
Italy - - 1 (2%) -
Ireland - - 1 (2%) -
Domestic 20 (77%) 4.2B (62%) 38 (83%) 6.2B (71%)
Cross-border 6 (23%) 2.5B (38%) 8 (17%) 2.5B (29%)
Total 26 $6.7B 46 $8.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 13 (50%) 1.6B (23%) 26 (57%) 1.6B (18%)
Buyout (LBO, MBO, MBI) 2 (8%) - 4 (9%) 900M (10%)
Going Private 2 (8%) 3.0B (45%) 3 (7%) 4.1B (47%)
Divestiture 3 (12%) 2.2B (32%) 3 (7%) 2.2B (25%)
Special Situations/Distressed 2 (8%) - 3 (7%) -
Recapitalization 2 (8%) - 2 (4%) -
Stake Purchase 2 (8%) - 2 (4%) -
Consolidation - - 1 (2%) -
Growth Capital - - 1 (2%) -
Venture - - 1 (2%) -
Total 26 $6.7B 46 $8.7B

Exits by Deal Type

Type Total # Value
Secondary Sale 8 (36%) 915M (12%)
Trade Sale - Public Company 6 (27%) 6.6B (88%)
IPO 5 (23%) -
Trade Sale 2 (9%) -
Bankruptcy 1 (5%) -
Total 22 $7.5B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
5
Bank of America Merrill Lynch (BofA Securities)
4
Goldman Sachs Investment Banking Division
2
Legal Deals
Kirkland & Ellis LLP
7
Simpson Thacher & Bartlett LLP
6
Weil Gotshal & Manges LLP
4

Deal Values

buy # Total
> $1B 5 $6.5B
$100M to $1B 3 $2.2B
TOTAL $8.7B
Largest Computer Services, Inc.
$1.6B (2022-08-22)
sell # Total
> $1B 4 $5.7B
$100M to $1B 2 $1.8B
TOTAL $7.5B
Largest Carefree Communities, Inc.
$1.7B (2016-03-22)

M&A Connections

Deals
Acquired from
Investor(s)
52%
24 (52%)
Strategic(s)
11%
5 (11%)
Exited to
Investor(s)
41%
9 (41%)
Strategic(s)
36%
8 (36%)

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