Convergent Capital Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Convergent Capital Partners has invested in 3 companies.

Convergent Capital Partners’ most common sectors for investment arebusiness services (18%) and manufacturing (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (41%) and growth capital (26%). In total, Convergent Capital Partners has invested in 22 US states.

In the last 3 years, Convergent Capital Partners has exited 1 company. The Firm’s most common exit type is trade sale (31%). Convergent Capital Partners’ largest (disclosed) exit occurred in 2007 when it sold Healthy Pet for $153M.

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M&A Summary

  • M&A Total Activity103
    • M&A Buy Activity61
    • M&A Sell Activity42
  • Total Sectors Invested 28
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 49

Convergent Capital Partners

9855 West 78th Street, Suite 320,
Eden Prairie, Minnesota 55344
United States
(763) 432 - 4080
www.cvcap.com
info@cvcap.com

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 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 1999 and is based in Minneapolis, Minnesota.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, E-Commerce, Energy Services and Equipment, Environmental, Food, Healthcare Services, Information Technology, Leisure, Machinery, Manufacturing, Marketing, Media, Medical Products, Packaging, Plastics, Real Estate, Renewable Energy, Restaurants, Retail, Safety/Security, Software, Staffing, Transportation

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

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

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA - -
Investment Size 3 12
Enterprise Value - 18
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 57 1 1 2 - - 61
Sell (0.6/yr) # 39 2 - - 1 - 42
vol $153M $153M
  103

Most Recent M&A

Company Date Value Type
DataPath, Inc. 2023-11-16 - Trade Sale
Duluth, Georgia · www.datapath.com
Turtle Fur Co. 2022-06-07 - Stake Purchase
Morrisville, Vermont · www.turtlefur.com
Armored Republic Holdings LLC 2022-02-03 - Growth Capital
Phoenix, Arizona · www.ar500armor.com
Cloud for Good LLC 2021-08-19 - Growth Capital
Irving, Texas · www.cloud4good.com
Vectair Systems, Inc. 2020-12-01 - Secondary Buyout
Memphis, Tennessee · www.vectairsystems.com
Innovative Labs Group LLC 2020-01-23 - Recapitalization
Springville, Utah · www.innovativeflexpak.com
Clinkenbeard & Associates, Inc. 2020-01-01 - Unknown
South Beloit, Illinois · www.clinkenbeard.com
Versare Solutions LLC 2019-12-02 - Secondary Sale
Minneapolis, Minnesota · www.versare.com
Custom Profile, Inc. 2019-04-25 - Secondary Sale
Grand Rapids, Michigan · www.custom-profile.com
Best Security Industries, Inc. 2019-03-01 - Trade Sale
Delray Beach, Florida · www.bsi-eas.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Reel Power International, Inc. 2008-09-09 Novatec - Downstream Equipment Products 2024-09-11 3
Oklahoma, Oklahoma · www.reelpower.com Baltimore, Maryland

M&A by Sector

Sector Current # Value All-time # Value
Business Services 1 (8%) - 11 (18%) -
Manufacturing - - 6 (10%) -
Food 1 (8%) - 5 (8%) -
Healthcare Services - - 4 (6%) -
Apparel/Textiles 2 (15%) - 3 (5%) -
Environmental 1 (8%) - 3 (5%) -
Machinery 1 (8%) - 3 (5%) -
Automotive - - 2 (3%) -
Consumer Products 2 (15%) - 2 (3%) -
Energy Services and Equipment 1 (8%) - 2 (3%) -
Software 1 (8%) - 2 (3%) -
Technology Hardware - - 2 (3%) -
Transportation - - 2 (3%) -
Aerospace - - 1 (2%) -
Building Materials - - 1 (2%) -
Consumer Services - - 1 (2%) -
Digital Media 1 (8%) - 1 (2%) -
E-Commerce - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Furniture - - 1 (2%) -
Information Technology 1 (8%) - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Plastics - - 1 (2%) -
Real Estate 1 (8%) - 1 (2%) -
Retail - - 1 (2%) -
Safety/Security - - 1 (2%) -
Staffing - - 1 (2%) -
Total 13 - 62 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (100%) - 62 (100%) -
  California 3 (23%) - 13 (21%) -
  Minnesota 1 (8%) - 12 (19%) -
  Texas 2 (15%) - 7 (11%) -
  Illinois 1 (8%) - 4 (6%) -
  Wisconsin 2 (15%) - 3 (5%) -
  Tennessee 1 (8%) - 2 (3%) -
  Vermont 1 (8%) - 2 (3%) -
  Nevada - - 2 (3%) -
  Michigan - - 2 (3%) -
  Georgia - - 2 (3%) -
  Florida - - 2 (3%) -
  Oklahoma 1 (8%) - 1 (2%) -
  Arizona 1 (8%) - 1 (2%) -
  Utah - - 1 (2%) -
  South Dakota - - 1 (2%) -
  New Jersey - - 1 (2%) -
  Missouri - - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Indiana - - 1 (2%) -
  Hawaii - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
Total 13 - 62 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (46%) - 25 (40%) -
Growth Capital 2 (15%) - 16 (26%) -
Recapitalization 2 (15%) - 10 (16%) -
Acquisition Financing - - 4 (6%) -
Secondary Buyout 1 (8%) - 2 (3%) -
Stake Purchase 2 (15%) - 2 (3%) -
Divestiture - - 1 (2%) -
Special Situations/Distressed - - 1 (2%) -
Venture - - 1 (2%) -
Total 13 - 62 -

Exits by Deal Type

Type Total # Value
Recapitalization 11 (26%) -
Trade Sale 10 (24%) -
Secondary Sale 8 (19%) -
Trade Sale - Public Company 6 (14%) 153M (100%)
Sold to Management 3 (7%) -
Bankruptcy 2 (5%) -
Merger 1 (2%) -
Unknown 1 (2%) -
Total 42 $153M

Deal Values

sell # Total
$100M to $1B 1 $153M
TOTAL $153M
Largest Healthy Pet Corp.
$153M (2007-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
6%
4 (6%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
24%
10 (24%)
Strategic(s)
33%
14 (33%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Middle-Market

PE Assets

400M USD

Established

1999

Specialist/Generalist

Generalist

Leadership

John Chan

Managing Partner

Matthew Grossman

Managing Partner

Travis Soule

Partner

Richard Atherton

Vice President

FAQ

When was Convergent Capital Partners founded?

Convergent Capital Partners was founded in 1999.

What type of investor is Convergent Capital Partners?

Convergent Capital Partners is a growth capital firm.

Where is Convergent Capital Partners headquartered?

Convergent Capital Partners is headquartered in Eden Prairie, Minnesota.

How much capital does Convergent Capital Partners have under management?

Convergent Capital Partners has 400M USD under management.

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