Petra Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Petra Capital Partners has acquired 1 company. It has also invested in 1 other.

Petra Capital Partners’ most common sectors for investment are healthcare services (22%) and business services (12%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (46%) and growth capital (27%). In total, Petra Capital Partners has invested in 18 US states.

In the last 3 years, Petra Capital Partners has exited 5 companies. The Firm’s most common exit type is trade sale (61%). Petra Capital Partners’ largest (disclosed) exit occurred in 2011 when it sold Specialty Care for $2.3B.

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M&A Summary

  • M&A Total Activity65
    • M&A Buy Activity42
    • M&A Sell Activity23
  • Total Sectors Invested 17
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 41

Petra Capital Partners

3825 Bedford Avenue, Suite 101,
Nashville, Tennessee 37215
United States
(615) 313-5999
www.petracapital.com
mwb@petracapital.com

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Business Services, Communications, Construction, Consumer Products, Consumer Services, Education, Food, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Marketing, Media, Medical Products, Publishing, Real Estate, Software, Technology Hardware, Transportation

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

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

Transaction Criteria Min Max
Target Revenue 10 100
Target EBITDA 1 10
Investment Size - 20
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 37 3 1 1 - - 42
Sell (1.2/yr) # 17 1 1 1 3 - 23
vol $2.9B $35M $3.0B
  65

Most Recent M&A

Company Date Value Type
Health Essentials LLC 2020-09-09 - Add-on Acquisition
Irvine, California · www.remitahealth.com
Lineagen, Inc. 2020-08-24 - Add-on Acquisition
Salt Lake City, Utah · www.lineagen.com
United States Appraisals LLC 2020-06-04 - Add-on Acquisition
Overland Park, Kansas · www.unitedstatesappraisals.com
Three Oaks Hospice, Inc. 2019-09-24 - Growth Capital
Dallas, Texas · www.threeoakshospice.com
PostUp Digital LLC 2019-04-22 35M USD Add-on Acquisition
Austin, Texas · www.postup.com
VirMedica, Inc. 2018-09-06 - Add-on Acquisition
Boston, Massachusetts · www.virmedica.com
CareMetx LLC 2018-01-01 - Buyout (LBO, MBO, MBI)
Bethesda, Maryland · caremetx.com
Etairos Health 2017-10-18 - Buyout (LBO, MBO, MBI)
Largo, Florida · www.etairoshealth.com
Alternative Behavior Strategies, Inc. 2017-09-06 - Buyout (LBO, MBO, MBI)
Concord, North Carolina · www.alternativebehaviorstrategies.com
Midwest Automotive Designs LLC 2017-04-13 - Add-on Acquisition
Elkhart, Indiana · www.midwestautomotivedesigns.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Highstreet IT Solutions LLC 2013-05-03 Highstreet Network Solutions 2019-02-15 1
Rockville, Maryland · www.highstreetit.com Islandia, New York
CareMetx LLC 2018-01-01 VirMedica, Inc. 2018-09-06 2
Bethesda, Maryland · caremetx.com Boston, Massachusetts · www.virmedica.com
LSO, Inc. 2014-04-24 Express Courier International, Inc. 2015-02-11 1
Austin, Texas · www.lso.com Franklin, Tennessee · www.expresscourier.net

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 3 (21%) - 9 (21%) -
Business Services - - 5 (12%) -
Information Technology 2 (14%) - 5 (12%) -
Internet Software and Services 1 (7%) - 4 (10%) -
Communications - - 3 (7%) -
Consumer Services 2 (14%) - 2 (5%) -
Life Science 1 (7%) - 2 (5%) -
Technology Hardware 1 (7%) - 2 (5%) -
Transportation 1 (7%) - 2 (5%) -
Apparel/Textiles 1 (7%) - 1 (2%) -
Automotive - - 1 (2%) -
Consumer Products - - 1 (2%) -
Education 1 (7%) - 1 (2%) -
Food - - 1 (2%) -
Marketing - - 1 (2%) -
Medical Products 1 (7%) - 1 (2%) -
Software - - 1 (2%) -
Total 14 - 42 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) - 42 (100%) -
  Texas 3 (21%) - 11 (26%) -
  North Carolina 2 (14%) - 3 (7%) -
  Florida 2 (14%) - 3 (7%) -
  Tennessee 1 (7%) - 3 (7%) -
  Indiana 1 (7%) - 3 (7%) -
  Georgia 1 (7%) - 3 (7%) -
  Maryland 2 (14%) - 2 (5%) -
  Arizona 1 (7%) - 2 (5%) -
  Massachusetts - - 2 (5%) -
  Illinois - - 2 (5%) -
  New Jersey 1 (7%) - 1 (2%) -
  Utah - - 1 (2%) -
  Oklahoma - - 1 (2%) -
  Ohio - - 1 (2%) -
  New York - - 1 (2%) -
  Missouri - - 1 (2%) -
  Kansas - - 1 (2%) -
  California - - 1 (2%) -
Total 14 - 42 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (36%) - 19 (45%) -
Growth Capital 5 (36%) - 11 (26%) -
Venture - - 5 (12%) -
Recapitalization 1 (7%) - 2 (5%) -
Secondary Buyout 2 (14%) - 2 (5%) -
Consolidation - - 1 (2%) -
Divestiture 1 (7%) - 1 (2%) -
Stake Purchase - - 1 (2%) -
Total 14 - 42 -

Exits by Deal Type

Type Total # Value
Trade Sale 9 (39%) 35M (1%)
Secondary Sale 6 (26%) 2.5B (85%)
Trade Sale - Public Company 6 (26%) 418M (14%)
Bankruptcy 1 (4%) -
IPO 1 (4%) -
Total 23 $3.0B

Deal Values

sell # Total
> $1B 1 $2.3B
$100M to $1B 3 $618M
< $100M 1 $35M
TOTAL $3.0B
Largest Specialty Care, Inc.
$2.3B (2011-05-24)

M&A Connections

Deals
Acquired from
Investor(s)
5%
2 (5%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
26%
6 (26%)
Strategic(s)
61%
14 (61%)

Investor Summary

Size

Middle-Market

PE Assets

400M USD

Established

1996

Specialist/Generalist

Generalist

Leadership

Michael Blackburn

Co-Founder & Managing Partner

David Fitzgerald

Partner

Douglas Owen

Partner

Melanie Beavon

CFO

Carol Collins

CAO

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