M&A Deal Summary

Kelso Acquires J.S. Held

On May 20, 2019, private equity firm Kelso acquired business services company J.S. Held from Lovell Minnick Partners

Acquisition Highlights
  • This is Kelso’s 6th transaction in the Business Services sector.
  • This is Kelso’s 57th transaction in the United States.
  • This is Kelso’s 8th transaction in New York.

M&A Deal Summary

Date 2019-05-20
Target J.S. Held
Sector Business Services
Buyer(s) Kelso
Sellers(s) Lovell Minnick Partners
Deal Type Secondary Buyout

Target

J.S. Held

Jericho, New York, United States
J.S. Held is a provider of specialized consulting services to address complex and high-value insurance claims and construction-related matters. J.S. Held was founded in 1974 and is based in Jericho, New York.

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Buyer(S) 1

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 67 of 81
Sector (Business Services) 6 of 9
Type (Secondary Buyout) 14 of 22
State (New York) 8 of 9
Country (United States) 57 of 70
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 SouthernCarlson

Omaha, Nebraska, United States

SouthernCarlson, Inc. is a national distributor of fastening and packaging products and supplies across 34 states. The Company serves contractors, dealers, retailers, and manufacturers in construction and industrial end markets through its network of 140 retail locations and 15 distribution centers. SouthernCarlson combines industry-leading product availability and expertise with value-added services offering that includes tool repair services, a tool loan program, national account management, and dealer category management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-27 Delphin Shipping

New York, New York, United States

Delphin Shipping LLC is an owner of dry bulk ships.

Sell -

Seller(S) 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.


DEAL STATS #
Overall 21 of 29
Sector (Business Services) 2 of 4
Type (Secondary Buyout) 7 of 9
State (New York) 3 of 4
Country (United States) 21 of 29
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Commercial Credit Group

Charlotte, North Carolina, United States

Commercial Credit Group (CCG) is a middle-market commercial equipment finance and leasing company serving niche markets. The company's primary areas of focus are the construction, transportation, and waste industries, though transactions for other types of industrial equipment will be considered. CCG's typical transaction ranges from $50,000 to $1,000,000 with terms from 24 to 72 months. CCG specializes in both purchase-money and refinances transactions to customers throughout the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 oneZero

Cambridge, Massachusetts, United States

oneZero empowers institutional and retail broker-dealers and market makers with the trading technology required to compete effectively across the global foreign exchange, commodities, crypto-currency and futures markets. oneZero was formed in 2009 and is based in Cambridge, Massachusetts.

Buy -