Centerbridge Partners Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Centerbridge Partners has acquired 4 companies. It has also invested in 1 other.

Centerbridge Partners’ most common sectors for investment arefinancial services (15%) and healthcare services (13%) . The Firm’s most common investment types include secondary buyout (58%) and buyout (lbo, mbo, mbi) (9%). In total, Centerbridge Partners has invested in 20 US states and 8 different countries. Its largest (disclosed) acquisition occurred in 2022 when it acquired Computer Services for $1.6B.

In the last 3 years, Centerbridge Partners has exited 4 companies. The Firm’s most common exit type is trade sale (38%). Centerbridge Partners’ largest (disclosed) exit occurred in 2016 when it sold Carefree Communities for $1.7B.

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M&A Summary

  • M&A Total Activity71
    • M&A Buy Activity47
    • M&A Sell Activity24
  • Total Sectors Invested 21
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 28
  • M&A Advisors 26

Centerbridge Partners

Centerbridge Partners, L.P.

375 Park Avenue, 12th Floor,
New York, New York 10152
United States
(212) 672-5000
www.centerbridge.com
info@centerbridge.com

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Financial Services, Healthcare Services, Information Technology, Insurance, Leisure, Machinery, Manufacturing, Media, Packaging, Real Estate, Restaurants, Retail, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, PIPE, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom, Western Europe, Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # 36 6 2 2 - 1 47
vol $7.1B $1.6B $8.7B
Sell (1.4/yr) # 17 3 3 - - 1 24
vol $4.6B $1.7B $1.2B $7.5B
  71

Most Recent M&A

Company Date Value Type
Precinmac LP 2024-10-14 - Secondary Buyout
South Paris, Maine · www.precinmac.com
Remedi SeniorCare, Inc. 2024-01-08 - Trade Sale
Baltimore, Maryland · www.remedirx.com
MacLean Power Systems LLC 2022-10-12 - Stake Purchase
Fort Mill, South Carolina · www.macleanpower.com
Computer Services, Inc. 2022-08-22 1.6B USD Going Private
Paducah, Kentucky · www.csiweb.com
Help at Home LLC 2021-10-27 - Trade Sale
Chicago, Illinois · www.helpathome.com
Medical Solutions LLC 2021-08-30 - Secondary Buyout
Omaha, Nebraska · www.medicalsolutions.com
IPS Corp. 2021-08-11 - Secondary Buyout
Compton, California · www.ipscorp.com
Syncreon International Group 2021-07-01 1.2B USD Trade Sale
Cloghran, Ireland · www.syncreon.com
Precisely 2021-03-03 - Secondary Sale
Burlington, Massachusetts · www.precisely.com
Mindpath Health LLC 2020-12-15 - Secondary Buyout
Sacramento, California · www.mindpath.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Computer Services, Inc. 2022-08-22 Velocity Solutions LLC 2024-09-18 1
Paducah, Kentucky · www.csiweb.com Fort Lauderdale, Florida · www.myvelocity.com
AHEAD LLC 2020-09-02 Computer Design & Integration LLC 2024-02-01 6
Chicago, Illinois · www.ahead.com New York, New York · www.cdillc.com
Mindpath Health LLC 2020-12-15 MindPath Care Centers PLLC 2021-05-11 4
Sacramento, California · www.mindpath.com Durham, North Carolina · www.mindpathcare.com
Civitas Solutions, Inc. 2018-12-18 D&S Community Services 2021-02-22 2
Boston, United States · www.civitas-solutions.com Austin, Texas · www.dscommunity.com
American Bath Group 2020-10-08 DreamLine Shower 2020-12-21 1
Savannah, Tennessee · www.americanbathgroup.com Warminster, Pennsylvania · www.DreamLine.com
KIK Custom Products Ltd. 2015-08-27 KIK Personal Care 2020-07-01 1
Concord, Ontario · www.kikcorp.com Concord, Ontario
KIK Custom Products Ltd. 2015-08-27 Lavo, Inc. 2017-07-06 1
Concord, Ontario · www.kikcorp.com Montreal, Quebec · www.lavo.ca
IPC Systems, Inc. 2015-02-09 Etrali Trading Solutions Co. 2016-02-03 1
Jersey City, New Jersey · www.ipc.com Paris, France · www.etrali.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 2 (8%) - 7 (15%) 900M (10%)
Healthcare Services 3 (13%) 1.4B (21%) 6 (13%) 1.4B (16%)
Software 3 (13%) - 4 (9%) -
Insurance 2 (8%) 952M (14%) 3 (6%) 952M (11%)
Consumer Products 1 (4%) - 3 (6%) -
Energy Services and Equipment 1 (4%) - 3 (6%) -
Transportation - - 3 (6%) -
Communications 2 (8%) 1.2B (18%) 2 (4%) 1.2B (14%)
Restaurants - - 2 (4%) 1.1B (13%)
Packaging 1 (4%) 372M (6%) 2 (4%) 372M (4%)
Manufacturing 1 (4%) - 2 (4%) -
Internet Software and Services 1 (4%) 1.6B (24%) 1 (2%) 1.6B (18%)
Renewable Energy 1 (4%) 1.2B (18%) 1 (2%) 1.2B (14%)
Building Materials 1 (4%) - 1 (2%) -
Chemicals 1 (4%) - 1 (2%) -
Distribution 1 (4%) - 1 (2%) -
Electrical Equipment 1 (4%) - 1 (2%) -
Information Technology 1 (4%) - 1 (2%) -
Leisure - - 1 (2%) -
Machinery - - 1 (2%) -
Staffing 1 (4%) - 1 (2%) -
Total 24 $6.7B 47 $8.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 18 (75%) 4.2B (62%) 39 (83%) 6.2B (71%)
  California 4 (17%) - 5 (11%) -
  Texas 3 (13%) - 5 (11%) -
  Illinois 1 (4%) - 5 (11%) -
  Massachusetts 2 (8%) - 4 (9%) -
  Arizona 1 (4%) - 2 (4%) 1.1B (13%)
  Tennessee 1 (4%) - 2 (4%) -
  North Carolina - - 2 (4%) -
  New York - - 2 (4%) -
  Kentucky 1 (4%) 1.6B (24%) 1 (2%) 1.6B (18%)
  New Jersey 1 (4%) 1.2B (18%) 1 (2%) 1.2B (14%)
  South Carolina 1 (4%) - 1 (2%) -
  Nebraska 1 (4%) - 1 (2%) -
  Maine 1 (4%) - 1 (2%) -
  Florida - - 1 (2%) 900M (10%)
  Utah - - 1 (2%) -
  Ohio - - 1 (2%) -
  Minnesota - - 1 (2%) -
  Maryland - - 1 (2%) -
  Georgia - - 1 (2%) -
Germany 2 (8%) 1.2B (18%) 2 (4%) 1.2B (14%)
Switzerland 1 (4%) 952M (14%) 1 (2%) 952M (11%)
Netherlands 1 (4%) 372M (6%) 1 (2%) 372M (4%)
Canada 1 (4%) - 1 (2%) -
  Ontario 1 (4%) - 1 (2%) -
Israel 1 (4%) - 1 (2%) -
Italy - - 1 (2%) -
Ireland - - 1 (2%) -
Domestic 18 (75%) 4.2B (62%) 39 (83%) 6.2B (71%)
Cross-border 6 (25%) 2.5B (38%) 8 (17%) 2.5B (29%)
Total 24 $6.7B 47 $8.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 12 (50%) 1.6B (23%) 27 (57%) 1.6B (18%)
Buyout (LBO, MBO, MBI) 2 (8%) - 4 (9%) 900M (10%)
Going Private 2 (8%) 3.0B (45%) 3 (6%) 4.1B (47%)
Divestiture 3 (13%) 2.2B (32%) 3 (6%) 2.2B (25%)
Recapitalization 1 (4%) - 2 (4%) -
Special Situations/Distressed 1 (4%) - 2 (4%) -
Stake Purchase 2 (8%) - 2 (4%) -
Venture 1 (4%) - 2 (4%) -
Consolidation - - 1 (2%) -
Growth Capital - - 1 (2%) -
Total 24 $6.7B 47 $8.7B

Exits by Deal Type

Type Total # Value
Secondary Sale 8 (33%) 915M (12%)
Trade Sale - Public Company 6 (25%) 6.6B (88%)
IPO 5 (21%) -
Trade Sale 4 (17%) -
Bankruptcy 1 (4%) -
Total 24 $7.5B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 5
BofA Securities
 4
Macquarie Capital
 2
Legal Deals
Kirkland & Ellis
 8
Simpson Thacher & Bartlett
 6
Weil Gotshal & Manges
 4

Deal Values

buy # Total
> $1B 5 $6.5B
$100M to $1B 3 $2.2B
TOTAL $8.7B
Largest Computer Services, Inc.
$1.6B (2022-08-22)
sell # Total
> $1B 4 $5.7B
$100M to $1B 2 $1.8B
TOTAL $7.5B
Largest Carefree Communities, Inc.
$1.7B (2016-03-22)

M&A Connections

Deals
Acquired from
Investor(s)
53%
25 (53%)
Strategic(s)
11%
5 (11%)
Exited to
Investor(s)
38%
9 (38%)
Strategic(s)
42%
10 (42%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

38.0B USD

Established

2005

Specialist/Generalist

Generalist

Leadership

Jeffrey Aronson

Co-Founder & Managing Principal

Jeffrey Barrow

Managing Director & Chief Technology Officer

Aaron Fink

Senior Managing Director

Adam Burinescu

Senior Managing Director

Bao Truong

Senior Managing Director

FAQ

When was Centerbridge Partners founded?

Centerbridge Partners was founded in 2005.

What type of investor is Centerbridge Partners?

Centerbridge Partners is an asset manager.

Where is Centerbridge Partners headquartered?

Centerbridge Partners is headquartered in New York, New York.

How much capital does Centerbridge Partners have under management?

Centerbridge Partners has 38.0B USD under management.

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