M&A Deal Summary

Clarion Capital Partners Acquires U.S. Nursing

On August 4, 2003, private equity firm Clarion Capital Partners acquired staffing company U.S. Nursing for 114M USD

Acquisition Highlights
  • This is Clarion Capital Partners’ 2nd transaction in the Staffing sector.
  • This is Clarion Capital Partners’ largest (disclosed) transaction.
  • This is Clarion Capital Partners’ 3rd transaction in the United States.
  • This is Clarion Capital Partners’ 2nd transaction in Colorado.
Investment Fate
  • U.S. Nursing was sold to a strategic buyer in 2014.
  • U.S. Nursing was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary
Date 2003-08-04
Target U.S. Nursing
Sector Staffing
Buyer(s) Clarion Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 114M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Sherman & Howard (Legal)

Target

U.S. Nursing

Greenwood Village, Colorado, United States
website
U.S. Nursing is a provider of strike preparedness and job action staffing services for hospitals with unionized workforces. U.S. Nursing was founded in 1989 and is based in Greenwood Village, Colorado.

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Buyer(S) 1

Buyer

Clarion Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Clarion Capital Partners is a private equity investment firm that invests in middle-market, growth-oriented companies with and an enterprise value of $50 to $200 million and EBITDA greater than $7.5 million. Target industries include consumer products, business and healthcare services, specialty financial services, specialty retail, and niche media/entertainment. Clarion seeks companies requiring an equity investment of $15 to $75 million in a broad range of investment structures including: growth equity, recapitalizations, and leveraged buyouts. Clarion Capital was formed in 1999 and is based in New York City.

DEAL STATS #
Overall 3 of 22
Sector (Staffing) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 11
State (Colorado) 2 of 2
Country (United States) 3 of 21
Year (2003) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-04 Reliant Healthcare Professionals

Greenwood Village, Colorado, United States

Reliant Healthcare Professionals, Inc. is one of the privately held providers of travel nurse staffing in the U.S. Reliant differentiates itself from other travel nurse providers by positioning itself as a premium, flexible, rapid response company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-13 Oceanaire

Minneapolis, Minnesota, United States

Oceanaire operates casual-fine dining seafood restaurants in Atlanta, Baltimore, Boston, Dallas, Denver, Houston, Indianapolis, Miami, Minneapolis, Orlando, San Diego, and Washington D.C.

Buy -
Mergr

Product

Company

Legal