Diamond State Ventures Mergers and Acquisitions Summary

Growth Capital Firm Profile

Diamond State Ventures’ most common sectors for investment aremanufacturing (20%) and retail (12%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (72%) and secondary buyout (16%). In total, Diamond State Ventures has invested in 15 US states.

In the last 3 years, Diamond State Ventures has exited 6 companies. The Firm’s most common exit type is trade sale (79%). Diamond State Ventures’ largest (disclosed) exit occurred in 2021 when it sold Doctor’s Choice Home Care for $120M.

Join Mergr to view Diamond State Ventures’ full profile and discover more small growth capital firm investors just like it.

M&A Summary

  • M&A Total Activity39
    • M&A Buy Activity25
    • M&A Sell Activity14
  • Total Sectors Invested 17
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 24
  • M&A Advisors 1

Diamond State Ventures

200 River Market Avenue, Suite 400,
Little Rock, Arkansas 72201
United States
(501) 374-9247
www.diamondstateventures.com
jhays@arcapital.com

Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Education, Healthcare Services, Information Technology, Manufacturing, Media, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization

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

Transaction Criteria Min Max
Target Revenue 2 -
Target EBITDA - -
Investment Size 1 6
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 25 - - - - - 25
Sell (1.2/yr) # 8 - 2 2 1 1 14
vol $120M $120M
  39

Most Recent M&A

Company Date Value Type
Central States Bus Sales, Inc. 2024-02-15 - Recapitalization
Fenton, Missouri · www.centralstatesbus.com
Weeks Service Co. 2023-02-21 - Trade Sale
League City, Texas · www.weeksservicecompany.com
Arrow Acquisition LLC 2022-10-12 - Trade Sale
Lenexa, Kansas · www.arrowmhp.com
Rio Ranch Markets 2022-06-09 - Trade Sale
Fontana, California · www.rioranchmarket.com
Doctor’s Choice Home Care, Inc. 2021-04-20 120M USD Trade Sale
Sarasota, Florida · www.doctorschoicefl.com
Winco Mfg. LLC 2021-03-01 - Trade Sale
Ocala, Florida · www.wincomfg.com
Standard Precast, Inc. 2019-10-01 - Trade Sale
Jacksonville, Florida · www.standardprecast.com
Arkansas Automatic Sprinklers, Inc. 2017-07-31 - Trade Sale
Cabot, Arizona · www.arautosprinklers.com
Weeks Service Co. 2017-03-01 - Buyout (LBO, MBO, MBI)
League City, Texas · www.weeksservicecompany.com
Standard Precast, Inc. 2016-12-01 - Buyout (LBO, MBO, MBI)
Jacksonville, Florida · www.standardprecast.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (25%) - 5 (20%) -
Retail - - 3 (12%) -
Business Services 1 (13%) - 2 (8%) -
Distribution - - 2 (8%) -
Agriculture - - 1 (4%) -
Building Materials - - 1 (4%) -
Consumer Products - - 1 (4%) -
Electrical Equipment - - 1 (4%) -
Engineering - - 1 (4%) -
Furniture 1 (13%) - 1 (4%) -
Healthcare Services - - 1 (4%) -
Information Technology 1 (13%) - 1 (4%) -
Media 1 (13%) - 1 (4%) -
Medical Products - - 1 (4%) -
Metals/Mining 1 (13%) - 1 (4%) -
Packaging 1 (13%) - 1 (4%) -
Software - - 1 (4%) -
Total 8 - 25 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (100%) - 25 (100%) -
  Missouri 2 (25%) - 4 (16%) -
  Texas 1 (13%) - 4 (16%) -
  Florida - - 3 (12%) -
  California - - 2 (8%) -
  Arizona - - 2 (8%) -
  Oregon 1 (13%) - 1 (4%) -
  North Carolina 1 (13%) - 1 (4%) -
  New Jersey 1 (13%) - 1 (4%) -
  Michigan 1 (13%) - 1 (4%) -
  Kentucky 1 (13%) - 1 (4%) -
  Tennessee - - 1 (4%) -
  North Dakota - - 1 (4%) -
  New York - - 1 (4%) -
  Minnesota - - 1 (4%) -
  Kansas - - 1 (4%) -
Total 8 - 25 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (50%) - 18 (72%) -
Secondary Buyout 3 (38%) - 4 (16%) -
Growth Capital - - 1 (4%) -
Recapitalization 1 (13%) - 1 (4%) -
Venture - - 1 (4%) -
Total 8 - 25 -

Exits by Deal Type

Type Total # Value
Trade Sale 9 (64%) -
Trade Sale - Public Company 2 (14%) 120M (100%)
Secondary Sale 2 (14%) -
Recapitalization 1 (7%) -
Total 14 $120M

Top M&A Advisors

Financial Deals
SF&P Advisors
1

Deal Values

sell # Total
$100M to $1B 1 $120M
TOTAL $120M
Largest Doctor’s Choice Home Care, Inc.
$120M (2021-04-20)

M&A Connections

Deals
Acquired from
Investor(s)
16%
4 (16%)
Exited to
Investor(s)
21%
3 (21%)
Strategic(s)
79%
11 (79%)

FAQ

When was Diamond State Ventures founded?

Diamond State Ventures was founded in 1999.

What type of investor is Diamond State Ventures?

Diamond State Ventures is a growth capital firm.

Where is Diamond State Ventures headquartered?

Diamond State Ventures is headquartered in Little Rock, Arkansas.

How much capital does Diamond State Ventures have under management?

Diamond State Ventures has 125M USD under management.

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