M&A Deal Summary

New State Capital Partners Acquires Global Client Solutions

On January 1, 2018, private equity firm New State Capital Partners acquired financial services company Global Client Solutions from Argonaut Private Equity

Acquisition Highlights
  • This is New State Capital Partners’ 1st transaction in the Financial Services sector.
  • This is New State Capital Partners’ 6th transaction in the United States.
  • This is New State Capital Partners’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2018-01-01
Target Global Client Solutions
Sector Financial Services
Buyer(s) New State Capital Partners
Sellers(s) Argonaut Private Equity
Deal Type Secondary Buyout

Target

Global Client Solutions

Tulsa, Oklahoma, United States
Global Client Solutions is an independent third-party payment processor to the debt settlement industry. The company has provided FDIC insured accounts to more than 1.8 million consumers and to thousands of customers.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 6 of 17
Sector (Financial Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Oklahoma) 1 of 2
Country (United States) 6 of 16
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Capitol Pain Institute

Austin, Texas, United States

Capitol Pain Institute is a provider of safe and effective treatment modalities tailored to the specific needs of each patient. Key services include spinal cord stimulation, pain management injections, and medication management. Capitol Pain Institute was founded in 2007 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Central Conveyor

Brighton, Michigan, United States

Central Conveyor Co. Inc. design and build high quality customized material handling and conveyance systems for the automotive industry. Today, the Company is a turn-key systems integrator with a complete portfolio of industry solutions for the automotive, parcel & logistics, and warehouse & distribution markets. Central Conveyor designs, engineers, and implements right application, right fit automated systems to provide customers with a competitive industry advantage. Its full-service solutions offer comprehensive storage and retrieval systems, including custom controls and integration services and electrical field wiring and support.

Sell $140M

Seller(S) 1

SELLER

Argonaut Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 6 of 11
Sector (Financial Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Oklahoma) 3 of 6
Country (United States) 6 of 11
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-08 Miratech

Tulsa, Oklahoma, United States

MIRATECH is a provider of cost-effective, reliable, and mission critical emission and acoustical solutions for stationary natural gas and diesel reciprocating engines. Its reputation is associated with a customer centric consulting approach, advanced engineering expertise, extensive industry knowledge, project management, responsiveness, and quality products. These attributes have enabled MIRATECH to be highly adaptable, and thus, able to accommodate both small (HP < 300) and large stationary engine applications (up to 14,000 horsepower). Miratech was founded in 1992 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Alkami

Plano, Texas, United States

Alkami provides online and mobile banking solutions for financial institutions in the US. Based in Plano, Texas, the company’s cloud-based digital banking platform delivers unparalleled functionality, security, flexibility, and extensibility with a superior architecture designed for the future of digital banking. With its modern interface, fully hosted business intelligence solution, and customizable feature set, the platform is the ultimate digital banking solution for financial institutions. Alkami was founded in 2009 and is based in Plano, Texas.

Buy -
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