M&A Deal Summary

Concentric Equity Partners and Dunrath Capital Acquire CST

On August 16, 2006, private equity firms Concentric Equity Partners and Dunrath Capital acquired healthcare services company CST

Acquisition Highlights
  • This is Concentric Equity Partners’ 1st and Dunrath Capital’s 1st transaction in the Healthcare Services sector.
  • This is Concentric Equity Partners’ 3rd and Dunrath Capital’s 4th transaction in the United States.
  • This is Concentric Equity Partners’ 1st and Dunrath Capital’s 1st transaction in Michigan.
Investment Fate
  • CST was sold to a publicly-traded strategic buyer in 2019.

M&A Deal Summary

Date 2006-08-16
Target CST
Sector Healthcare Services
Buyer(s) Concentric Equity Partners
Dunrath Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

CST

Novi, Michigan, United States
CST provides 24-hour personal emergency response (PERS) monitoring and related services to elderly or disabled individuals with medical and/or age-associated conditions. CST was founded in 2006 and is based in Novi, Michigan.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 42
Sector: Healthcare Services M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 19
State: Michigan M&A 1 of 1
Country: United States M&A 3 of 40
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 ProVest

Tampa, Florida, United States

ProVest is a provider of outsourced service of process and related services to law firms, leveraging its footprint of more than 2,000 process servers nationwide. Service of process is legally required consumer protection which ensures appropriate notification in legal cases. ProVest was founded in 1991 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Valley Bank

Morristown, New Jersey, United States

Valley Bank is a regional bank holding company that operates 204 branches in 144 communities serving 16 counties throughout northern and central New Jersey, Manhattan, Brooklyn, Queens, and Long Island. Valley Bank was founded in 1927 and is based in Morristown, New Jersey.

Buy -
Buyer

Dunrath Capital

Western Springs, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Dunrath Capital, Inc. is a 'research-based' private equity and strategic advisory firm. Dunrath's current area of interest is early and growth-stage investments in companies delivering infrastructure surety products and services. Dunrath invests in promising candidates across all stages development, with a particular emphasis in growth equity situations. Dunrath generally pursues companies located in the United States. Dunrath Capital is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 9
Sector: Healthcare Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 4 of 9
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-18 Metatomix

Waltham, Massachusetts, United States

Metatomix is an innovative software company that has delivered the industry’s first, commercialized semantic composite applications. Using a powerful combination of non-invasive, real-time integration and semantic technologies, Metatomix achieves an order of magnitude reduction in the time and cost of producing and maintaining applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 Quantum Secure

San Jose, California, United States

Quantum Secure, Inc. is a provider of security solutions to help enterprises manage identities and meet compliance requirements in highly-regulated industries.

Buy -