OMERS Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, OMERS Private Equity has acquired 9 companies. It has also invested in 1 other.

OMERS Private Equity’s most common sectors for investment arehealthcare services (19%) and business services (10%) . The Firm’s most common investment types include secondary buyout (60%) and buyout (lbo, mbo, mbi) (22%). In total, OMERS Private Equity has invested in 17 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Cengage Learning for $7.8B.

In the last 3 years, OMERS Private Equity has exited 3 companies. The Firm’s most common exit type is secondary buyout (47%). OMERS Private Equity’s largest (disclosed) exit occurred in 2017 when it sold Husky Injection Molding Systems for $3.9B.

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M&A Summary

  • M&A Total Activity80
    • M&A Buy Activity52
    • M&A Sell Activity28
  • Total Sectors Invested 25
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 19
  • M&A Advisors 17

OMERS Private Equity

EY Tower 900 - 100 Adelaide St. W.,
Toronto, Ontario M5H 0E2
Canada
(416) 369-2400
www.omersprivateequity.com
media@omers.com

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Communications, Consumer Products, Education, Energy Services and Equipment, Engineering, Financial Services, Food, Healthcare Services, Information Technology, Machinery, Manufacturing, Marine, Media, Oil/Gas Exploration, Publishing, Retail, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 200 700
Enterprise Value 200 1,500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.0/yr) # 42 2 3 4 1 - 52
vol $18.8B $18.8B
Sell (0.6/yr) # 25 - 1 2 - - 28
vol $8.3B $8.3B
  80

Most Recent M&A

Company Date Value Type
Knight Commercial 2023-09-18 - Buyout (LBO, MBO, MBI)
Dallas, Texas · www.knightcommercial.com
Trescal International SAS 2022-11-28 - Secondary Sale
Rungis, France · www.trescal.fr
Pueblo Mechanical & Controls, Inc. 2022-08-05 - Secondary Buyout
Phoenix, Arizona · www.pueblo-mechanical.com
Bionic Services Ltd. 2022-07-20 - Secondary Buyout
London, United Kingdom · www.bionic.co.uk
Network Plus Services Ltd. 2022-07-11 - Secondary Buyout
Manchester, United Kingdom · www.networkplus.co.uk
Forefront Dermatology 2022-02-10 - Secondary Sale
Manitowoc, Wisconsin · www.forefrontdermatology.com
Medical Knowledge Group LLC 2022-01-03 - Secondary Buyout
New York, New York · www.mkgny.com
International Schools Partnership Ltd. 2021-05-24 - Stake Purchase
London, United Kingdom · www.internationalschoolspartnership.com
Gastro Health LLC 2021-05-19 - Secondary Buyout
Miami, Florida · www.gastrohealth.com
ERM Group, Inc. 2021-05-17 - Secondary Sale
London, United Kingdom · www.erm.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
NovaSource Power Services 2020-05-14 Heliolytics, Inc. 2023-09-06 1
Austin, Texas · www.novasourcepower.com Toronto, Ontario · www.heliolytics.com
NovaSource Power Services 2020-05-14 First Solar - Australian O&M Business 2022-10-04 2
Austin, Texas · www.novasourcepower.com , Australia
Precisely 2021-03-03 Winshuttle LLC 2021-06-14 6
Burlington, Massachusetts · www.precisely.com Bothell, Washington · www.winshuttle.com
Kenan Advantage Group, Inc. 2015-06-18 Ag Trucking, Inc. 2021-06-02 10
North Canton, Ohio · www.thekag.com Goshen, Indiana · www.agtrucking.com
Precisely 2021-03-03 Infogix, Inc. 2021-05-05 5
Burlington, Massachusetts · www.precisely.com Naperville, Illinois · www.infogix.com
Alexander Mann Solutions 2018-05-10 The Up Group Ltd. 2020-12-02 2
London, United Kingdom · www.weareams.com London, United Kingdom · www.theupgroup.com
NovaSource Power Services 2020-05-14 First Solar, Inc. - North American Operations & Maintenance Business 2020-08-06 1
Austin, Texas · www.novasourcepower.com Tempe, Arizona
Inmar, Inc. 2017-04-04 Genco Pharmaceutical Services 2019-02-04 6
Winston-Salem, North Carolina · www.inmar.com Milwaukee, Wisconsin
Epiq Systems, Inc. 2016-07-27 Garretson Resolution Group 2019-01-07 7
New York, New York · www.epiqglobal.com Cincinnati, Ohio · www.garretsongroup.com
Inmar, Inc. 2017-04-04 YOU Technology Brand Services, Inc. 2018-12-18 5
Winston-Salem, North Carolina · www.inmar.com South San Francisco, California · www.you.net

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 7 (27%) - 10 (18%) -
Software 2 (8%) - 5 (9%) 660M (4%)
Business Services 3 (12%) - 5 (9%) 557M (3%)
Education 1 (4%) - 4 (7%) 7.9B (42%)
Information Technology 3 (12%) 1.0B (25%) 4 (7%) 1.0B (5%)
Financial Services - - 2 (4%) 1.7B (9%)
Consumer Services 1 (4%) 1.4B (36%) 2 (4%) 1.4B (8%)
Automotive 1 (4%) - 2 (4%) 1.0B (5%)
Test/Measurement Equipment 1 (4%) - 2 (4%) 755M (4%)
Marine 1 (4%) - 2 (4%) 520M (3%)
Machinery - - 2 (4%) -
Retail - - 2 (4%) -
Environmental - - 1 (2%) 1.7B (9%)
Staffing 1 (4%) 1.3B (32%) 1 (2%) 1.3B (7%)
Energy Services and Equipment 1 (4%) 274M (7%) 1 (2%) 274M (1%)
Communications - - 1 (2%) -
Construction 1 (4%) - 1 (2%) -
Food - - 1 (2%) -
Information Services - - 1 (2%) -
Internet Software and Services 1 (4%) - 1 (2%) -
Manufacturing - - 1 (2%) -
Media - - 1 (2%) -
Renewable Energy 1 (4%) - 1 (2%) -
Transportation 1 (4%) - 1 (2%) -
Utilities - - 1 (2%) -
Total 26 $4.0B 55 $18.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 15 (58%) 1.0B (25%) 28 (51%) 10.1B (57%)
  Texas 3 (12%) - 4 (7%) -
  New York 2 (8%) 1.0B (25%) 3 (5%) 1.0B (6%)
  Wisconsin 1 (4%) - 3 (5%) -
  Massachusetts 1 (4%) - 2 (4%) 7.8B (44%)
  Tennessee 1 (4%) - 2 (4%) 320M (2%)
  California 1 (4%) - 2 (4%) -
  Michigan - - 2 (4%) 1.0B (6%)
  Arizona 1 (4%) - 1 (2%) -
  Pennsylvania 1 (4%) - 1 (2%) -
  Ohio 1 (4%) - 1 (2%) -
  North Carolina 1 (4%) - 1 (2%) -
  Kentucky 1 (4%) - 1 (2%) -
  Florida 1 (4%) - 1 (2%) -
  Montana - - 1 (2%) -
  Indiana - - 1 (2%) -
  Illinois - - 1 (2%) -
  Georgia - - 1 (2%) -
Canada 3 (12%) 274M (7%) 14 (25%) 715M (4%)
  Ontario 2 (8%) - 11 (20%) 441M (2%)
  Quebec - - 2 (4%) -
  Alberta 1 (4%) 274M (7%) 1 (2%) 274M (2%)
United Kingdom 7 (27%) 2.7B (68%) 11 (20%) 6.2B (35%)
France 1 (4%) - 2 (4%) 755M (4%)
Domestic 3 (12%) 274M (7%) 14 (25%) 715M (4%)
Cross-border 23 (88%) 3.7B (93%) 41 (75%) 17.0B (96%)
Total 26 $4.0B 55 $17.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 20 (77%) 2.7B (68%) 33 (60%) 6.5B (35%)
Buyout (LBO, MBO, MBI) 2 (8%) 274M (7%) 12 (22%) 2.5B (13%)
Divestiture 1 (4%) - 3 (5%) 8.8B (47%)
Going Private 1 (4%) 1.0B (25%) 3 (5%) 1.0B (5%)
PIPE 1 (4%) - 1 (2%) -
Recapitalization - - 1 (2%) -
Stake Purchase 1 (4%) - 1 (2%) -
Venture - - 1 (2%) -
Total 26 $4.0B 55 $18.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (46%) 5.5B (66%)
Trade Sale - Public Company 5 (18%) 1.4B (16%)
Trade Sale 4 (14%) 830M (10%)
Merger 2 (7%) 627M (8%)
Bankruptcy 2 (7%) -
IPO 2 (7%) -
Total 28 $8.3B

Top M&A Advisors

Financial Deals
JMP Securities
1
Ernst & Young Capital Advisors LLC
1
Harris Williams & Co.
1
Legal Deals
Weil Gotshal & Manges LLP
12
Allen & Overy
1
Ashurst LLP
1

Deal Values

buy # Total
> $1B 7 $15.2B
$100M to $1B 8 $3.6B
< $100M 1 $60M
TOTAL $18.8B
Largest Cengage Learning, Inc.
$7.8B (2007-07-05)
sell # Total
> $1B 2 $5.5B
$100M to $1B 5 $2.8B
TOTAL $8.3B
Largest Husky Injection Molding Systems Ltd.
$3.9B (2017-12-18)

M&A Connections

Deals
Acquired from
Investor(s)
62%
34 (62%)
Strategic(s)
5%
3 (5%)
Exited to
Investor(s)
46%
13 (46%)
Strategic(s)
32%
9 (32%)

FAQ

When was OMERS Private Equity founded?

OMERS Private Equity was founded in 1987.

What type of investor is OMERS Private Equity?

OMERS Private Equity is a private equity firm.

Where is OMERS Private Equity headquartered?

OMERS Private Equity is headquartered in Toronto, Ontario.

How much capital does OMERS Private Equity have under management?

OMERS Private Equity has 19.8B CAD under management.

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