M&A Deal Summary

Convergent Capital Acquires Action Property Management

On January 1, 2014, growth capital firm Convergent Capital acquired real estate company Action Property Management

Acquisition Highlights
  • This is Convergent Capital’s 1st transaction in the Real Estate sector.
  • This is Convergent Capital’s 48th transaction in the United States.
  • This is Convergent Capital’s 10th transaction in California.

M&A Deal Summary
Date 2014-01-01
Target Action Property Management
Sector Real Estate
Buyer(s) Convergent Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Action Property Management

Irvine, California, United States
website
Action Property Management is a provider of full-service, integrated property management, and employment services to homeowners associations, high-rises, large scale communities, and new developments. Action Property Management was founded in 1984 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Convergent Capital

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1998
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $2 to $8 million per transaction in businesses with at least $5 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1998 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 48 of 54
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 20 of 23
State (California) 10 of 12
Country (United States) 48 of 54
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 Tri Star Protector Service

New Caney, Texas, United States

Tri-Star Protector ("Tri-Star") provides an environmental service to upstream oil & gas companies throughout North America and other international markets via the collection, refurbishment, and resale of pipe thread protectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Las Vegas Color Graphics

Las Vegas, Nevada, United States

Las Vegas Color Graphics offers a full spectrum of high-end commercial printing, mailing, and signage services including electronic prepress, offset and digital printing, finishing, and fulfillment/delivery to a growing base of corporate clients nationwide. Las Vegas Color Graphics was founded in 1978 and is based in Las Vegas, Nevada.

Buy -
Mergr

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