M&A Deal Summary

Navient Acquires Duncan Solutions

On August 1, 2017, Navient acquired consumer services company Duncan Solutions from Marlin Equity Partners for 80M USD

Acquisition Highlights
  • This is Navient’s 1st transaction in the Consumer Services sector.
  • This is Navient’s largest (disclosed) transaction.
  • This is Navient’s 3rd transaction in the United States.
  • This is Navient’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2017-08-01
Target Duncan Solutions
Sector Consumer Services
Buyer(s) Navient
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

Duncan Solutions

Milwaukee, Wisconsin, United States
website
Duncan Solutions, Inc. is a full-service parking management company and a provider of parking and transportation management services to municipal and commercial clients, including enforcement solutions, citation processing, customer service, debt collections, tolling solutions, and integrated on-street parking management services. Duncan Solutions, Inc. was established in 1936 and is based in Milwaukee, Wisconsin.

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Buyer(S) 1

Buyer

Navient

Wilmington, Delaware, United States

website

Category Company
Founded 1973
Sector Financial Services
Employees4,000
Revenue 1.7B USD (2022)
DESCRIPTION
Navient's corporate headquarters in Wilmington, Delaware.
Navient's corporate headquarters in Wilmington, Delaware.

Navient is a financial services company specializing in education with products and services that include Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Navient offers solutions that help families save, plan, and pay for college. Navient was founded in 1973 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 3 of 4
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Wisconsin) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-23 Xtend Healthcare

Hendersonville, Tennessee, United States

Xtend Healthcare LLC is a market provider of revenue cycle outsourcing solutions to the hospital market. Xtend currently serves more than 130 hospitals, ranging from large teaching university-affiliated hospitals and urban medical centers to rural critical access hospitals. Services include health insurance claims billing and account resolution, patient billing, customer service and follow-up, as well as revenue cycle consulting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Earnest & Associates

Glen Burnie, Maryland, United States

Earnest & Associates LLC is a technology company using data science, smarter design, and exceptional service to rebuild financial services. Earnest’s lending products are built for a new generation seeking to reach life’s milestones. The company’s mission is to democratize access to high-quality financial services.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 24 of 56
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 18 of 38
State (Wisconsin) 1 of 1
Country (United States) 22 of 42
Year (2017) 7 of 9
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 StarCompliance

Rockville, Maryland, United States

StarCompliance is a provider of enterprise compliance and regulatory software solutions for the financial services industry. StarCompliance was founded in 1999 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Medius

Linkoping, Sweden

Medius is a provider of cloud-based accounts payable automation software that allows organizations to automate their invoice management process and gain greater financial control and visibility into their spending. Medius was founded in 2001 and is based in Linkoping, Sweden.

Buy -
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