Primus Capital Funds Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Primus Capital Funds has acquired 3 companies. It has also invested in 4 others.

Primus Capital Funds’ most common sectors for investment are software (16%) and information technology (16%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (32%) and growth capital (32%). In total, Primus Capital Funds has invested in 24 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired SPARTA Insurance Holdings for $279M.

In the last 3 years, Primus Capital Funds has exited 4 companies. The Firm’s most common exit type is trade sale (59%). Primus Capital Funds’ largest (disclosed) exit occurred in 2013 when it sold Passport Health Communications for $850M.

Join Mergr to view Primus Capital Funds’ full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity87
    • M&A Buy Activity51
    • M&A Sell Activity36
  • Total Sectors Invested 18
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 51
  • M&A Advisors 3

Primus Capital Funds

28601 Chagrin Boulevard Suite 525,
Cleveland, Ohio 44122
United States
(440) 684-7300
www.primuscapital.com
info@primuscapital.com

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $40 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus was formed in 1984 and is based in Cleveland, Ohio.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Communications, Consumer Services, Education, Environmental, Financial Services, Healthcare Services, Information Technology, Insurance, Life Science, Media, Medical Products, Software, Technology Hardware

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

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 15 70
Enterprise Value - 250
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.4/yr) # 39 5 4 1 2 - 51
vol $668M $668M
Sell (1.4/yr) # 29 3 1 2 1 - 36
vol $1.7B $112M $400M $2.2B
  87

Most Recent M&A

Company Date Value Type
Rev.io 2020-09-08 - Recapitalization
Atlanta, Georgia · www.rev.io
Cayuse, Inc. 2020-08-27 - Secondary Buyout
Portland, Oregon · www.cayuse.com
Proxibid, Inc. 2020-02-14 - Secondary Buyout
Omaha, Nebraska · www.proxibid.com
Forte Research Systems, Inc. 2019-09-05 - Add-on Acquisition
Madison, Wisconsin · www.forteresearch.com
Harmony Healthcare IT 2019-03-19 - Growth Capital
South Bend, Indiana · www.harmonyhit.com
Certona, Inc. 2019-02-19 - Add-on Acquisition
San Diego, California · www.certona.com
BizLibrary 2018-12-10 - Growth Capital
Chesterfield, Montana · www.bizlibrary.com
Hayes Management Consulting, Inc. 2018-10-10 - Secondary Buyout
Newton Center, Massachusetts · www.hayesmanagement.com
Trilliant Health 2018-08-07 - Venture
Brentwood, Tennessee · www.trillianthealth.com
Hyperwallet Systems, Inc. 2018-06-19 400M USD Add-on Acquisition
San Francisco, California · www.hyperwallet.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
HealthTech Holdings, Inc 2007-12-18 MedHost, Inc. 2010-02-01 2
Nashville, Tennessee · www.healthtechholdings.com Dallas, Texas · www.medhost.com

M&A by Sector

Sector Current # Value All-time # Value
Software 3 (16%) - 8 (16%) 137M (21%)
Information Technology 6 (32%) - 8 (16%) -
Internet Software and Services 2 (11%) - 6 (12%) -
Healthcare Services 1 (5%) - 5 (10%) 232M (35%)
Business Services 2 (11%) - 5 (10%) -
Communications - - 3 (6%) 20M (3%)
Medical Products - - 3 (6%) -
Digital Media 2 (11%) - 2 (4%) -
Education 1 (5%) - 2 (4%) -
Insurance - - 1 (2%) 279M (42%)
Building Materials - - 1 (2%) -
Consumer Services - - 1 (2%) -
Financial Services - - 1 (2%) -
Information Services 1 (5%) - 1 (2%) -
Life Science - - 1 (2%) -
Media - - 1 (2%) -
Retail - - 1 (2%) -
Technology Hardware 1 (5%) - 1 (2%) -
Total 19 - 51 $668M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 19 (100%) - 50 (98%) 668M (100%)
  Georgia 5 (26%) - 6 (12%) -
  Tennessee 4 (21%) - 6 (12%) 232M (35%)
  Ohio 1 (5%) - 5 (10%) 50M (7%)
  California 1 (5%) - 4 (8%) -
  Florida 1 (5%) - 3 (6%) 80M (12%)
  Pennsylvania 1 (5%) - 3 (6%) -
  Virginia 1 (5%) - 2 (4%) 20M (3%)
  North Carolina - - 2 (4%) 7M (1%)
  Washington - - 2 (4%) -
  Texas - - 2 (4%) -
  New Jersey - - 2 (4%) -
  Oregon 1 (5%) - 1 (2%) -
  Montana 1 (5%) - 1 (2%) -
  Massachusetts 1 (5%) - 1 (2%) -
  Louisiana 1 (5%) - 1 (2%) -
  Indiana 1 (5%) - 1 (2%) -
  Connecticut - - 1 (2%) 279M (42%)
  Colorado - - 1 (2%) -
  Wisconsin - - 1 (2%) -
  New Mexico - - 1 (2%) -
  Nebraska - - 1 (2%) -
  Minnesota - - 1 (2%) -
  Michigan - - 1 (2%) -
  Illinois - - 1 (2%) -
Ireland - - 1 (2%) -
Domestic 19 (100%) - 50 (98%) 668M (100%)
Cross-border - - 1 (2%) -
Total 19 - 51 $668M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (16%) - 16 (31%) 306M (46%)
Growth Capital 8 (42%) - 16 (31%) -
Recapitalization 4 (21%) - 8 (16%) 50M (7%)
Secondary Buyout 3 (16%) - 7 (14%) 312M (47%)
Venture 1 (5%) - 3 (6%) -
PIPE - - 1 (2%) -
Total 19 - 51 $668M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 12 (33%) 2.1B (97%)
Trade Sale 11 (31%) 67M (3%)
Secondary Sale 6 (17%) -
IPO 4 (11%) -
Recapitalization 2 (6%) -
Shut Down 1 (3%) -
Total 36 $2.2B

Top M&A Advisors

Financial Deals
Harris Williams & Co.
 1
MTS Health Partners LP
 1
Legal Deals
Jones Day
 2

Deal Values

buy # Total
$100M to $1B 2 $511M
< $100M 4 $157M
TOTAL $668M
Largest SPARTA Insurance Holdings, Inc.
$279M (2007-09-14)
sell # Total
$100M to $1B 6 $2.0B
< $100M 2 $167M
TOTAL $2.2B
Largest Passport Health Communications, Inc.
$850M (2013-11-21)

M&A Connections

Deals
Acquired from
Investor(s)
18%
9 (18%)
Exited to
Investor(s)
22%
8 (22%)
Strategic(s)
58%
21 (58%)

Investor Summary

Size

Middle-Market

PE Assets

900M USD

Established

1983

Specialist/Generalist

Generalist

Leadership

Phillip Molner

Managing Partner

William Mulligan

Managing Partner

Jonathan Dick

Managing Director

Ronald Hess

Managing Director

Aaron Davis

Director

 Subscribe to unlock this and 161,056
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.1K Private Equity Firms
  • 149K M&A Transactions
  • 157K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 47K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal