Investment Summary

Corinthian Capital Group and Patriot Capital Invest In Acertus

On September 26, 2014, private equity firms Corinthian Capital Group and Patriot Capital invested in transportation company Acertus

Investment Highlights
  • This is Corinthian Capital Group’s 2nd and Patriot Capital’s 4th transaction in the Transportation sector.
  • This is Corinthian Capital Group’s 15th and Patriot Capital’s 55th transaction in the United States.
  • This is Corinthian Capital Group’s 1st and Patriot Capital’s 3rd transaction in Missouri.
Investment Fate
  • Acertus was sold to a consortium of financial buyers in 2016.

Investment Summary

Date 2014-09-26
Target Acertus
Sector Transportation
Investor(s) Corinthian Capital Group
Patriot Capital
Deal Type Growth Capital

Target

Acertus

Saint Louis, Missouri, United States
Acertus is a technology-enabled, non-asset-based third-party vehicle lifecycle solutions provider, offering a comprehensive service including Car Haul, Drive Away, Storage, Title and Registration, Compliance, Care and more for OEMs, Dealerships and Rental and Fleet Management Companies. Acertus leverages proprietary technology to provide service across the entire vehicle lifecycle. Acertus was formed in 2010 and is based in St. Louis, Missouri.

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Investor(S) 2

Investor

Corinthian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corinthian Capital Group is a private equity firm that targets middle market-company investments located in North America. Corinthian prefers investments in consumer product, niche manufacturing, distribution, and service companies with revenues between $50 and $300 million with an EBITDA of $5 - $30 million. Corinthian typically targets opportunities brought on by generational turnover, shareholder liquidity, or corporate restructuring. Corinthian Capital was formed in 2005 and is based in New York City with additional office in Boston.


DEAL STATS #
Overall 15 of 22
Sector: Transportation M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 2
State: Missouri M&A 1 of 1
Country: United States M&A 15 of 22
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Renegade

Fort Worth, Texas, United States

Renegade is a provider of recurring wellhead production and infrastructure services, operations and maintenance employment services, and automation services to blue-chip oil and natural gas producers. Renegade was founded in 2006 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Metaltec Steel Abrasive

Canton, Michigan, United States

Metaltec Steel Abrasive is a producer of cast steel abrasive products, including steel shot and steel grit, along with several niche materials that are produced as a byproduct of the grit and shot manufacturing process. Metaltec Steel Abrasive was founded in 1981 and is based in Canton, Michigan.

Buy -
Investor

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 55 of 112
Sector: Transportation M&A 4 of 6
Type: Growth Capital M&A Deals 12 of 28
State: Missouri M&A 3 of 5
Country: United States M&A 55 of 112
Year: 2014 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Horizon Mud

Midland, Texas, United States

Horizon Mud is a provider of fluid services to E&P operators in the Permian and Eagle Ford Basins. Horizon Mud was established in 1980 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Metaltec Steel Abrasive

Canton, Michigan, United States

Metaltec Steel Abrasive is a producer of cast steel abrasive products, including steel shot and steel grit, along with several niche materials that are produced as a byproduct of the grit and shot manufacturing process. Metaltec Steel Abrasive was founded in 1981 and is based in Canton, Michigan.

Buy -