Plexus Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Plexus Capital has acquired 9 companies. It has also invested in 1 other.

Plexus Capital’s most common sectors for investment arebusiness services (16%) and manufacturing (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and recapitalization (26%). In total, Plexus Capital has invested in 28 US states. Its largest (disclosed) acquisition occurred in 2010 when it acquired AP Services for $22M.

In the last 3 years, Plexus Capital has exited 10 companies. The Firm’s most common exit type is trade sale (57%). Plexus Capital’s largest (disclosed) exit occurred in 2016 when it sold Infinity Homecare for $63M.

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M&A Summary

  • M&A Total Activity138
    • M&A Buy Activity97
    • M&A Sell Activity41
  • Total Sectors Invested 35
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 74
  • M&A Advisors 1

Plexus Capital

Plexus Capital

200 Providence Road, Suite 210,
Charlotte, North Carolina 28207
United States
(704) 927-6246
www.plexuscap.com
info@plexuscap.com

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


Investment Criteria

Sectors of Interest: Aerospace, Beverages, Building Materials, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Engineering, Healthcare Services, Machinery, Manufacturing, Metals/Mining, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Acquisition Financing, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 2 15
Investment Size 5 25
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 85 2 5 3 2 - 97
vol $30M $30M
Sell (2.2/yr) # 30 1 5 3 1 1 41
vol $131M $131M
  138

Most Recent M&A

Company Date Value Type
Shenandoah Industrial Solutions LLC 2024-09-28 - Unknown
Pompano Beach, Florida · www.shenandoahus.com
Southern Elevator Group, Inc. 2023-10-26 - Buyout (LBO, MBO, MBI)
Greensboro, North Carolina · www.southernelevator.com
Piedmont Candy Holdings, Inc. 2023-05-01 - Secondary Sale
Lexington, North Carolina · www.redbirdcandies.com
360 Smart Networks 2023-01-01 - Buyout (LBO, MBO, MBI)
Roswell, Georgia · www.360smartnetworks.com
A Plus Tree, Inc. 2022-11-08 - Buyout (LBO, MBO, MBI)
Vallejo, California · www.aplustree.com
The Allied Group 2022-05-24 - Trade Sale
Cranston, Rhode Island · www.thealliedgrp.com
Ticketech International Ltd. 2022-04-27 - Trade Sale
Long Island City, New York · www.ticketech.com
LightRiver Technologies, Inc. 2022-04-04 - Secondary Sale
Concord, California · www.lightriver.com
USMHE LLC 2022-02-23 - Buyout (LBO, MBO, MBI)
Jacksonville, Florida · www.usmhe.com
Allways Precision LLC 2022-02-16 - Buyout (LBO, MBO, MBI)
Plainfield, Illinois · www.allwaysprecision.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Oakpoint 2019-09-01 Axiom Dentistry - Non-Clinical Assets 2021-04-16 1
Raleigh, North Carolina · www.oakpoint.us Knightdale, North Carolina
Inspired Beauty Brands, Inc. 2012-04-01 Inspired Beauty Brands, Inc. - FDS 2015-12-09 1
Great Neck, New York · www.inspiredbeauty.com New York, New York

M&A by Sector

Sector Current # Value All-time # Value
Business Services 5 (14%) - 15 (15%) -
Manufacturing 5 (14%) - 9 (9%) -
Healthcare Services 3 (8%) - 6 (6%) -
Food 1 (3%) - 5 (5%) -
Information Technology 2 (6%) - 5 (5%) -
Beverages 1 (3%) - 4 (4%) -
Consumer Products 2 (6%) - 4 (4%) -
Machinery 3 (8%) - 4 (4%) -
Distribution - - 3 (3%) 22M (74%)
Apparel/Textiles 1 (3%) - 3 (3%) -
Construction 1 (3%) - 3 (3%) -
Energy Services and Equipment - - 3 (3%) -
Internet Software and Services - - 3 (3%) -
Building Materials - - 2 (2%) 8M (26%)
Aerospace 1 (3%) - 2 (2%) -
Communications - - 2 (2%) -
Electrical Equipment - - 2 (2%) -
Marketing 2 (6%) - 2 (2%) -
Medical Products 1 (3%) - 2 (2%) -
Safety/Security 1 (3%) - 2 (2%) -
Software 1 (3%) - 2 (2%) -
Automotive 1 (3%) - 1 (1%) -
Chemicals 1 (3%) - 1 (1%) -
Digital Media 1 (3%) - 1 (1%) -
E-Commerce - - 1 (1%) -
Electronics 1 (3%) - 1 (1%) -
Engineering - - 1 (1%) -
Environmental - - 1 (1%) -
Franchising 1 (3%) - 1 (1%) -
Life Science - - 1 (1%) -
Marine - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Plastics 1 (3%) - 1 (1%) -
Technology Hardware - - 1 (1%) -
Transportation - - 1 (1%) -
Total 36 - 97 $30M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 36 (100%) - 97 (100%) 30M (100%)
  Florida 10 (28%) - 17 (18%) 8M (26%)
  North Carolina 5 (14%) - 14 (14%) -
  Texas 2 (6%) - 7 (7%) -
  California 3 (8%) - 5 (5%) -
  Georgia 1 (3%) - 5 (5%) -
  Illinois 3 (8%) - 4 (4%) -
  Colorado 3 (8%) - 4 (4%) -
  Pennsylvania 1 (3%) - 4 (4%) 22M (74%)
  New York 1 (3%) - 4 (4%) -
  Louisiana 1 (3%) - 4 (4%) -
  Utah 1 (3%) - 3 (3%) -
  New Jersey 1 (3%) - 3 (3%) -
  Virginia - - 3 (3%) -
  Rhode Island - - 3 (3%) -
  Kansas 1 (3%) - 2 (2%) -
  South Carolina - - 2 (2%) -
  Massachusetts - - 2 (2%) -
  Ohio 1 (3%) - 1 (1%) -
  Nevada 1 (3%) - 1 (1%) -
  Minnesota 1 (3%) - 1 (1%) -
  Alabama - - 1 (1%) -
  Tennessee - - 1 (1%) -
  Mississippi - - 1 (1%) -
  Maryland - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Iowa - - 1 (1%) -
  Indiana - - 1 (1%) -
Total 36 - 97 $30M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 20 (56%) - 48 (49%) 30M (100%)
Recapitalization 9 (25%) - 25 (26%) -
Growth Capital 3 (8%) - 10 (10%) -
Secondary Buyout 2 (6%) - 8 (8%) -
Acquisition Financing 1 (3%) - 5 (5%) -
Consolidation 1 (3%) - 1 (1%) -
Total 36 - 97 $30M

Exits by Deal Type

Type Total # Value
Trade Sale 20 (49%) -
Secondary Sale 7 (17%) -
Trade Sale - Public Company 6 (15%) 131M (100%)
Recapitalization 3 (7%) -
Unknown 2 (5%) -
Bankruptcy 1 (2%) -
IPO 1 (2%) -
Merger 1 (2%) -
Total 41 $131M

Top M&A Advisors

Legal Deals
Donahue Fitzgerald
 1

Deal Values

buy # Total
< $100M 2 $30M
TOTAL $30M
Largest AP Services, Inc.
$22M (2010-09-15)
sell # Total
< $100M 4 $131M
TOTAL $131M
Largest Infinity Homecare, Inc.
$63M (2016-01-04)

M&A Connections

Deals
Acquired from
Investor(s)
8%
8 (8%)
Exited to
Investor(s)
22%
9 (22%)
Strategic(s)
59%
24 (59%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

2.2B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Michael Painter

Co-Founder & Managing Partner

Bob Anders

Co-Founder & Partner

Mike Becker

Co-Founder & Partner

Sean McDonell

Head of Capital Formation and Investor Relations

Alex Bean

Partner

FAQ

When was Plexus Capital founded?

Plexus Capital was founded in 1995.

What type of investor is Plexus Capital?

Plexus Capital is a private equity firm.

Where is Plexus Capital headquartered?

Plexus Capital is headquartered in Charlotte, North Carolina.

How much capital does Plexus Capital have under management?

Plexus Capital has 2.2B USD under management.

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