Plexus Capital Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Plexus Capital has acquired 20 companies. It has also invested in 1 other.

Plexus Capital’s most common sectors for investment are business services (15%) and manufacturing (8%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (48%) and recapitalization (28%). In total, Plexus Capital has invested in 28 US states. Its largest (disclosed) acquisition occurred in 2010 when it acquired AP Services for $22M.

In the last 3 years, Plexus Capital has exited 10 companies. The Firm’s most common exit type is trade sale (56%). Plexus Capital’s largest (disclosed) exit occurred in 2016 when it sold Infinity Homecare for $63M.

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M&A Summary

  • M&A Total Activity114
    • M&A Buy Activity85
    • M&A Sell Activity29
  • Total Sectors Invested 33
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 68

Plexus Capital

200 Providence Road, Suite 210,
Charlotte, North Carolina 28207
United States
(704) 927-6246
www.plexuscap.com
banders@plexuscap.com

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


Investment Criteria

Sectors of Interest: Aerospace, Beverages, Building Materials, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Engineering, Healthcare Services, Machinery, Manufacturing, Metals/Mining, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Acquisition Financing, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue - 150
Target EBITDA - 20
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (4.4/yr) # 63 1 3 2 13 3 85
vol $30M $30M
Sell (2.4/yr) # 17 2 4 5 1 - 29
vol $68M $63M $131M
  114

Most Recent M&A

Company Date Value Type
Tube Bending, Inc. 2020-02-03 - Recapitalization
Apple Valley, California · www.tubebendinginc.com
Freezing Point LLC 2020-02-01 - Buyout (LBO, MBO, MBI)
Salt Lake City, Utah · www.frazil.com
Practis LLC 2020-01-02 - Buyout (LBO, MBO, MBI)
Charlotte, North Carolina · www.practisinc.com
Sunrise Landscaping Contractors, Inc. (Sunrise Landscape LLC) 2019-10-04 - Buyout (LBO, MBO, MBI)
Tampa, Florida · www.sunriselandscape.com
Team Laboratory Chemical Corp. 2019-10-01 - Buyout (LBO, MBO, MBI)
Detroit Lakes, Minnesota · www.teamlab.net
Oakpoint 2019-09-01 - Buyout (LBO, MBO, MBI)
Raleigh, North Carolina · www.oakpoint.us
SuccessEd 2019-08-31 - Secondary Buyout
Frisco, Texas · www.successed.net
FlowBelow Aero, Inc. 2019-08-01 - Buyout (LBO, MBO, MBI)
Austin, Texas · www.flowbelow.com
Advanced Drying Systems Corp. 2019-07-01 - Buyout (LBO, MBO, MBI)
Tampa, Florida · www.adsdry.com
Alloy Cladding Co. 2019-05-22 - Recapitalization
Jupiter, Florida · www.alloycladding.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Rotolo Consultants, Inc. 2015-09-03 GPL Landscaping LLC 2018-07-09 3
Slidell, Louisiana · www.rotoloconsultants.com Miramar Beach, Florida · www.gpllandscaping.com
Rotolo Consultants, Inc. 2015-09-03 Massengale Grounds Management 2018-01-15 2
Slidell, Louisiana · www.rotoloconsultants.com Baton Rouge, Louisiana · www.mgminc.com
Fusion Telecommunications International, Inc. 2012-11-01 Birch Communications, Inc. - Cloud and Business Services Business 2017-08-28 8
New York, New York · www.fusiontel.com Macon, Georgia
Nexcore Technology LLC 2015-01-15 Phase 2 Medical Manufacturing, Inc. 2017-07-11 1
Waldwick, New Jersey · www.nexcoretech.com Rochester, New Hampshire · www.phase2medical.com
Rotolo Consultants, Inc. 2015-09-03 Greenscape Grounds Management LLC 2017-06-12 1
Slidell, Louisiana · www.rotoloconsultants.com Lafayette, Louisiana
Fusion Telecommunications International, Inc. 2012-11-01 Apptix, Inc. 2016-11-15 7
New York, New York · www.fusiontel.com Herndon, Virginia · www.apptix.com
Fusion Telecommunications International, Inc. 2012-11-01 Technology for Business Corp. 2016-03-28 6
New York, New York · www.fusiontel.com Manhattan Beach, California · www.tfbc.com
Food Evolution LLC 2014-09-29 Fresh & Ready Foods, Inc. 2016-01-26 1
Schiller Park, Illinois San Fernando, California · www.freshandreadyfoods.com
Inspired Beauty Brands, Inc. 2012-04-01 Inspired Beauty Brands, Inc. - FDS 2015-12-09 1
Great Neck, New York · www.inspiredbeauty.com New York, New York
Fusion Telecommunications International, Inc. 2012-11-01 Fidelity Voice and Data 2015-12-09 5
New York, New York · www.fusiontel.com Beachwood, Ohio · www.fidelityvoice.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 4 (11%) - 12 (14%) -
Manufacturing 3 (8%) - 6 (7%) -
Food 3 (8%) - 5 (6%) -
Healthcare Services 3 (8%) - 5 (6%) -
Beverages 1 (3%) - 4 (5%) -
Consumer Products 2 (5%) - 4 (5%) -
Information Technology 1 (3%) - 4 (5%) -
Apparel/Textiles 2 (5%) - 3 (4%) -
Construction 1 (3%) - 3 (4%) -
Energy Services and Equipment 1 (3%) - 3 (4%) -
Internet Software and Services 2 (5%) - 3 (4%) -
Metals/Mining 2 (5%) - 3 (4%) -
Distribution - - 2 (2%) 22M (74%)
Building Materials - - 2 (2%) 8M (26%)
Aerospace 1 (3%) - 2 (2%) -
Chemicals 1 (3%) - 2 (2%) -
Communications 1 (3%) - 2 (2%) -
Electronics 1 (3%) - 2 (2%) -
Machinery 1 (3%) - 2 (2%) -
Medical Products 1 (3%) - 2 (2%) -
Safety/Security - - 2 (2%) -
Automotive 1 (3%) - 1 (1%) -
E-Commerce - - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Engineering - - 1 (1%) -
Environmental 1 (3%) - 1 (1%) -
Franchising 1 (3%) - 1 (1%) -
Life Science - - 1 (1%) -
Marine 1 (3%) - 1 (1%) -
Marketing 1 (3%) - 1 (1%) -
Plastics 1 (3%) - 1 (1%) -
Software 1 (3%) - 1 (1%) -
Transportation - - 1 (1%) -
Total 38 - 85 $30M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 38 (100%) - 85 (100%) 30M (100%)
  Florida 9 (24%) - 14 (16%) 8M (26%)
  North Carolina 4 (11%) - 12 (14%) -
  Texas 4 (11%) - 6 (7%) -
  New York 3 (8%) - 4 (5%) -
  Pennsylvania 1 (3%) - 4 (5%) 22M (74%)
  Louisiana 1 (3%) - 4 (5%) -
  Georgia - - 4 (5%) -
  Rhode Island 2 (5%) - 3 (4%) -
  Illinois 2 (5%) - 3 (4%) -
  California 2 (5%) - 3 (4%) -
  Virginia 1 (3%) - 3 (4%) -
  Utah 1 (3%) - 3 (4%) -
  New Jersey 1 (3%) - 3 (4%) -
  Colorado 2 (5%) - 2 (2%) -
  Massachusetts 1 (3%) - 2 (2%) -
  Kansas 1 (3%) - 2 (2%) -
  South Carolina - - 2 (2%) -
  Ohio 1 (3%) - 1 (1%) -
  Nevada 1 (3%) - 1 (1%) -
  Minnesota 1 (3%) - 1 (1%) -
  Tennessee - - 1 (1%) -
  Mississippi - - 1 (1%) -
  Maryland - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Iowa - - 1 (1%) -
  Indiana - - 1 (1%) -
  Alabama - - 1 (1%) -
Total 38 - 85 $30M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 16 (42%) - 40 (47%) 30M (100%)
Recapitalization 11 (29%) - 23 (27%) -
Growth Capital 2 (5%) - 8 (9%) -
Secondary Buyout 6 (16%) - 8 (9%) -
Acquisition Financing 2 (5%) - 5 (6%) -
Consolidation 1 (3%) - 1 (1%) -
Total 38 - 85 $30M

Exits by Deal Type

Type Total # Value
Trade Sale 14 (48%) -
Trade Sale - Public Company 5 (17%) 131M (100%)
Secondary Sale 4 (14%) -
Recapitalization 3 (10%) -
Bankruptcy 1 (3%) -
IPO 1 (3%) -
Merger 1 (3%) -
Total 29 $131M

Deal Values

buy # Total
< $100M 2 $30M
TOTAL $30M
Largest AP Services, Inc.
$22M (2010-09-15)
sell # Total
< $100M 4 $131M
TOTAL $131M
Largest Infinity Homecare, Inc.
$63M (2016-01-04)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
10 100%
Exited to
PE Firm(s)
32%
8 32%
Strategic(s)
68%
17 68%

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