Charterhouse Strategic Partners Mergers and Acquisitions Summary

Private Equity Profile

Charterhouse Strategic Partners’ most common sectors for investment are business services (16%) and communications (16%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (64%) and recapitalization (11%). In total, Charterhouse Strategic Partners has invested in 11 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired LogistiCare Solutions for $155M.

The Firm’s most common exit type is trade sale (50%). Charterhouse Strategic Partners’ largest (disclosed) exit occurred in 2012 when it sold Cebridge Connections Holdings for $6.6B.

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M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity19
    • M&A Sell Activity16
  • Total Sectors Invested 12
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 24
  • M&A Advisors 3

Charterhouse Strategic Partners

92 River Road,
Summit, New Jersey 07901
United States,
(212)584-3200
www.charterhousestrategicpartners.com

Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.


Investment Criteria

Sectors of Interest: Business Services, Chemicals, Communications, Consumer Products, Distribution, Education, Environmental, Food, Healthcare Services, Information Technology, Media, Retail, Staffing, Technology Hardware, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 25 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 19 - - - - - 19
vol $185M $185M
Sell (0.0/yr) # 16 - - - - - 16
vol $12.5B $12.5B
  35

Most Recent M&A

Company Date Value Type
Upstream Rehabilitation, Inc. 2015-12-15 - Secondary Buyout
Birmingham, Alabama · www.upstreamrehabilitation.com
Rudi's Organic Bakery 2014-04-28 61M USD Add-on Acquisition
Boulder, Colorado · www.rudisbakery.com
Charter Baking Co., Inc. 2014-04-28 - Add-on Acquisition
Boulder, Colorado · www.charterbaking.com
Cebridge Connections Holdings LLC (Suddenlink) 2012-07-19 6.6B USD Secondary Buyout
Saint Louis, Missouri · www.suddenlink.com
MXenergy, Inc. 2011-05-12 - Add-on Acquisition
Stamford, Connecticut · www.mxenergy.com
The Camelot Schools LLC 2011-03-07 - Secondary Buyout
East Dripping Springs, Texas · www.thecamelotschools.com
RiverRoad Waste Solutions, Inc. 2011-01-24 - Buyout (LBO, MBO, MBI)
Red Bank, New Jersey · www.riverroadwaste.com
NewPath Networks, Inc. 2010-09-08 115M USD Add-on Acquisition
Seattle, Washington · www.newpathnetworks.net
Chamberlin, Edmonds & Associates, Inc. 2010-09-08 260M USD Add-on Acquisition
Atlanta, Georgia · www.chamberlinedmonds.com
Cequel Data Centers LLC 2010-06-01 - Buyout (LBO, MBO, MBI)
Saint Louis, Missouri
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Cequel Data Centers LLC 2010-06-01 BinTris Moving and Self Storage 2018-12-04 1
Saint Louis, Missouri Saint Joseph, Michigan · www.bintris.com
Cequel Data Centers LLC 2010-06-01 TierPoint LLC 2014-06-10 2
Saint Louis, Missouri Baltimore, Maryland · www.tierpoint.com
Cequel Data Centers LLC 2010-06-01 Baltimore Technology Park LLC 2013-07-11 1
Saint Louis, Missouri Baltimore, Maryland · www.baltimoretechnologypark.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services - - 3 (16%) -
Communications - - 3 (16%) -
Healthcare Services - - 2 (11%) 155M (84%)
Environmental 1 (33%) - 2 (11%) 30M (16%)
Transportation 1 (33%) - 2 (11%) -
Consumer Products - - 1 (5%) -
Education - - 1 (5%) -
Energy Services and Equipment - - 1 (5%) -
Food - - 1 (5%) -
Information Technology 1 (33%) - 1 (5%) -
Staffing - - 1 (5%) -
Utilities - - 1 (5%) -
Total 3 - 19 $185M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 3 (100%) - 18 (95%) 185M (100%)
  Connecticut - - 3 (16%) 30M (16%)
  New Jersey 1 (33%) - 2 (11%) -
  Missouri 1 (33%) - 2 (11%) -
  Georgia - - 2 (11%) 155M (84%)
  Michigan - - 2 (11%) -
  Florida - - 2 (11%) -
  Indiana 1 (33%) - 1 (5%) -
  Washington - - 1 (5%) -
  Texas - - 1 (5%) -
  Colorado - - 1 (5%) -
  Alabama - - 1 (5%) -
France - - 1 (5%) -
Domestic 3 (100%) - 18 (95%) 185M (100%)
Cross-border - - 1 (5%) -
Total 3 - 19 $185M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (100%) - 12 (63%) 30M (16%)
Recapitalization - - 2 (11%) 155M (84%)
Secondary Buyout - - 2 (11%) -
Divestiture - - 1 (5%) -
Stake Purchase - - 1 (5%) -
Venture - - 1 (5%) -
Total 3 - 19 $185M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (50%) 1.9B (15%)
Secondary Sale 7 (44%) 10.6B (85%)
IPO 1 (6%) -
Total 16 $12.5B

Top M&A Advisors

Financial Deals
BMO Capital Markets
1
Legal Deals
Proskauer Rose LLP
1
Fried Frank Harris Shriver & Jacobson LLP
1

Deal Values

buy # Total
$100M to $1B 1 $155M
< $100M 1 $30M
TOTAL $185M
Largest LogistiCare Solutions LLC
$155M (2004-05-01)
sell # Total
> $1B 3 $11.0B
$100M to $1B 5 $1.5B
< $100M 1 $61M
TOTAL $12.5B
Largest Cebridge Connections Holdings LLC (Suddenlink)
$6.6B (2012-07-19)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
5 100%
Exited to
PE Firm(s)
53%
10 53%
Strategic(s)
47%
9 47%