M&A Deal Summary

Blue Point Capital Partners, Onex Falcon and LNC Partners Acquire LVI Services

On November 11, 2002, private equity firm Blue Point Capital Partners, mezzanine finance firm Onex Falcon and private equity firm LNC Partners acquired environmental company LVI Services from Generation Partners

Acquisition Highlights
  • This is Blue Point Capital Partners’ 1st, Onex Falcon’s 1st and LNC Partners’ 1st transaction in the Environmental sector.
  • This is Blue Point Capital Partners’ 4th, Onex Falcon’s 2nd and LNC Partners’ 7th transaction in the United States.
  • This is Blue Point Capital Partners’ 1st, Onex Falcon’s 1st and LNC Partners’ 1st transaction in New York.
Investment Fate
  • LVI Services was sold to a consortium of financial buyers in 2005.
  • LVI Services was recapitalized in 2009.
  • LVI Services merged with another company in 2014.

M&A Deal Summary
Date 2002-11-11
Target LVI Services
Sector Environmental
Buyer(s) Blue Point Capital Partners
Onex Falcon
LNC Partners
Sellers(s) Generation Partners
Deal Type Secondary Buyout

Target

LVI Services

New York City, New York, United States
LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services.

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Buyer(S) 3

Buyer

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.

DEAL STATS #
Overall 4 of 52
Sector (Environmental) 1 of 3
Type (Secondary Buyout) 1 of 11
State (New York) 1 of 2
Country (United States) 4 of 48
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 The Hygenic

Akron, Ohio, United States

Hygenic is a manufacturer of natural rubber, latex and synthetic rubber products primarily serving the medical and therapy/fitness industries as well as some other industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-14 Pleasants Hardware

Winston-Salem, North Carolina, United States

Pleasants Hardware (Winston-Salem, NC) is a distributor of doors, frames and related hardware for nonresidential construction.

Sell -
Buyer

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 56
Sector (Environmental) 1 of 2
Type (Secondary Buyout) 1 of 8
State (New York) 1 of 4
Country (United States) 2 of 53
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Jason

Milwaukee, Wisconsin, United States

Jason is a manufacturer of seating, finishing, components, and automotive acoustic products. Jason Industries was founded in 1887 and is based in Milwaukee, Wisconsin.

Buy $335M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 The Broadlane Group

Dallas, Texas, United States

The Broadlane Group, Inc. is a provider of comprehensive supply chain management, technology and other value-added services to hospitals, physicians offices and surgery centers.

Buy -
Buyer

LNC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.

DEAL STATS #
Overall 7 of 44
Sector (Environmental) 1 of 2
Type (Secondary Buyout) 1 of 6
State (New York) 1 of 2
Country (United States) 7 of 44
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 ForeSite Towers

Birmingham, Alabama, United States

ForeSite Towers, LLC is a fully integrated owner, operator and developer of communication towers dedicated to providing comprehensive network services to the wireless and broadcasting industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-01 Oahu Waste Services

Honolulu, Hawaii, United States

Oahu Waste Services is a provider of waste hauling and recycling services in Hawaii in the governmental, municipal, and commercial sectors.

Buy -

Seller(S) 1

SELLER

Generation Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Generation Partners is a private equity firm focused on growth companies at various stages of development. Generation looks to commit $10 to $50 million of equity capital per investment. The Firm is a hands-on investor, helping managers take their companies to the next level. Areas of interest include business, information, and consumer services; media, communications and entertainment; and healthcare services and technology. Generation will consider both majority and minority positions. Generation Partners was formed in 1995 and has offices in Greenwich, Connecticut; Austin, Texas; and San Francisco, California.

DEAL STATS #
Overall 5 of 15
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 4 of 7
State (New York) 2 of 4
Country (United States) 5 of 15
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 HotJobs.com

New York, New York, United States

HotJobs.com Ltd. is a provider of recruiting solutions to employers, recruiters, and staffing agencies.

Sell $436M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-01 Sterling Infosystems

New York, New York, United States

Sterling Infosystems, Inc. (Sterling Talent Solutions) is a provider of criminal background checks, employment and education verification, drug testing and other pre-employment related screening services.

Buy -
Mergr

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Company

Legal