M&A Deal Summary

Mill Point Capital Acquires Prime Pensions

On February 5, 2021, private equity firm Mill Point Capital acquired business services company Prime Pensions

Acquisition Highlights
  • This is Mill Point Capital’s 2nd transaction in the Business Services sector.
  • This is Mill Point Capital’s 14th transaction in the United States.
  • This is Mill Point Capital’s 1st transaction in New Jersey.
Investment Fate
  • Prime Pensions was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2021-02-05
Target Prime Pensions
Sector Business Services
Buyer(s) Mill Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Prime Pensions

Florham Park, New Jersey, United States
Prime Pensions is an independent provider of retirement plan compliance and administration services primarily to small and medium-sized businesses. Prime Pensions is not affiliated with any investment product provider and does not offer investment advice. Prime Pensions is based in Florham Park, New Jersey.

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Buyer(S) 1

DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 15 of 28
Sector: Business Services M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 9
State: New Jersey M&A 1 of 1
Country: United States M&A 14 of 27
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 GlacierPoint

Bronx, New York, United States

GlacierPoint is a distributor of ice cream, frozen and fresh foods, and beverages for Dreyer’s, Häagen-Dazs, Edy’s, Skinny Cow, and other brands, as well as other fresh and frozen products, throughout the New York Metro area. The Company distributes to a diverse customer base comprised of grocery store chains, independent supermarkets, delis, drugstores, convenience store chains, and foodservice customers. GlacierPoint was founded in 2006 and is based in Bronx, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 KEMP

Melville, New York, United States

KEMP is a provider of load balancer and application delivery controller (“ADC”) solutions and services. Leveraging an agile per-app load balancing / ADC consumption model, predictive analytics and automated issue resolution, Kemp is radically simplifying how customers optimize, analyze and secure their applications across private and multi-cloud environments. KEMP was founded in 2000 and is based in Melville, New York.

Sell $258M