M&A Deal Summary

NMP Capital and Frontenac Acquire Diversified Maintenance Systems

On March 3, 2010, mezzanine finance firm NMP Capital and private equity firm Frontenac acquired business services company Diversified Maintenance Systems

Acquisition Highlights
  • This is NMP Capital’s 3rd and Frontenac’s 10th transaction in the Business Services sector.
  • This is NMP Capital’s 37th and Frontenac’s 40th transaction in the United States.
  • This is NMP Capital’s 1st and Frontenac’s 1st transaction in Utah.

M&A Deal Summary

Date 2010-03-03
Target Diversified Maintenance Systems
Sector Business Services
Buyer(s) NMP Capital
Frontenac
Deal Type Recapitalization

Target

Diversified Maintenance Systems

Salt Lake City, Utah, United States
Diversified Maintenance Systems is a national provider of outsourced janitorial and facilities maintenance services to major retailers, logistics firms and grocery stores.

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Buyer(S) 2

Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 39 of 90
Sector: Business Services M&A 3 of 6
Type: Recapitalization M&A Deals 7 of 12
State: Utah M&A 1 of 2
Country: United States M&A 37 of 87
Year: 2010 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 One Call

Jacksonville, Florida, United States

One Call is a provider of specialized services to the workers' compensation industry that lead to faster, more efficient, and more cost-effective claims resolution. From high-end diagnostics and physical therapy services to post-discharge and in-home and complex care management, to transportation and language services, to superior dental programs and other medical specialties, One Call provides reliable, consistent connections to care that enable maximum medical improvement and superior outcomes. One Call was formed in 2012 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-16 ATI Physical Therapy

Downers Grove, Illinois, United States

ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Downers Grove, Illinois.

Sell -
Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 42 of 81
Sector: Business Services M&A 10 of 11
Type: Recapitalization M&A Deals 6 of 29
State: Utah M&A 1 of 1
Country: United States M&A 40 of 77
Year: 2010 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-05 Gevity HR

Bradenton, Florida, United States

Gevity HR, Inc. is a complete human resources management solutions provider, offering outsourced services for employee recruitment, management, and retention, for payroll processing, benefits administration, and related paperwork, as well as for compliance with government regulations.

Sell $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-29 Salient Federal Solutions

Fairfax, Virginia, United States

Salient Federal Solutions, Inc. is a provider of technology and engineering services to government agencies, primarily within the intelligence community and the Department of Defense.

Buy -