ICV Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, ICV Capital Partners has acquired 3 companies.

ICV Capital Partners’ most common sectors for investment arehealthcare services (17%) and business services (14%) . The Firm’s most common investment types include secondary buyout (40%) and buyout (lbo, mbo, mbi) (40%). In total, ICV Capital Partners has invested in 17 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2019 when it acquired Diversified Restaurant Holdings for $130M.

In the last 3 years, ICV Capital Partners has exited 1 company. The Firm’s most common exit type is secondary buyout (50%). ICV Capital Partners’ largest (disclosed) exit occurred in 2016 when it sold Stauber Performance Ingredients for $157M.

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M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity30
    • M&A Sell Activity14
  • Total Sectors Invested 17
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 13
  • M&A Advisors 3

ICV Capital Partners LLC

810 7th Avenue, 35th Floor,
New York, New York 10019
United States
(212) 455-9600
www.icvpartners.com
emailicv@icvpartners.com

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.


Investment Criteria

Sectors of Interest: Beverages, Business Services, Consumer Products, Consumer Services, Distribution, Electronics, Financial Services, Food, Healthcare Services, Leisure, Machinery, Manufacturing, Medical Products, Packaging, Retail

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

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

Transaction Criteria Min Max
Target Revenue 25 300
Target EBITDA 10 40
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 26 1 2 1 - - 30
vol $165M $165M
Sell (0.2/yr) # 13 - 1 - - - 14
vol $157M $157M
  44

Most Recent M&A

Company Date Value Type
Urgent Care Group 2022-03-15 - Secondary Buyout
Brentwood, Tennessee · www.urgentcaregroup.com
Outpatient Imaging Affiliates LLC 2021-10-20 - Secondary Sale
Franklin, Tennessee · www.oiarad.com
Cherry Tree Dental 2021-03-16 - Buyout (LBO, MBO, MBI)
Madison, Wisconsin · www.cherrytreedental.com
Total Access Urgent Care 2021-02-17 - Buyout (LBO, MBO, MBI)
Ballwin, Missouri · www.totalaccessurgentcare.com
Mintz Group, Inc. 2020-04-07 - Secondary Buyout
New York, New York · www.mintzgroup.com
Diversified Restaurant Holdings, Inc. 2019-11-06 130M USD Going Private
Southfield, Michigan · www.diversifiedrestaurantholdings.com
JK&T Wings, Inc. 2019-11-04 - Growth Capital
Shelby Township, Michigan
Horizon Air Freight, Inc. 2019-10-03 - Growth Capital
Jamaica, New York · www.haf.com
SAFE Security, Inc. 2018-11-07 - Stake Sale
San Ramon, California · www.safesecurity.com
Outpatient Imaging Affiliates LLC 2018-03-13 - Buyout (LBO, MBO, MBI)
Franklin, Tennessee · www.oiarad.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Total Access Urgent Care 2021-02-17 Urgent Care Group 2022-03-15 1
Ballwin, Missouri · www.totalaccessurgentcare.com Brentwood, Tennessee · www.urgentcaregroup.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 4 (29%) - 5 (17%) -
Business Services 3 (21%) - 4 (13%) -
Food - - 3 (10%) 35M (21%)
Franchising 2 (14%) - 2 (7%) -
Marketing 2 (14%) - 2 (7%) -
Retail - - 2 (7%) -
Transportation 1 (7%) - 2 (7%) -
Restaurants 1 (7%) 130M (100%) 1 (3%) 130M (79%)
Automotive - - 1 (3%) -
Consumer Products - - 1 (3%) -
Distribution - - 1 (3%) -
Electronics - - 1 (3%) -
Financial Services - - 1 (3%) -
Marine - - 1 (3%) -
Packaging - - 1 (3%) -
Safety/Security - - 1 (3%) -
Software 1 (7%) - 1 (3%) -
Total 14 $130M 30 $165M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (93%) 130M (100%) 29 (97%) 165M (100%)
  New York 2 (14%) - 3 (10%) -
  Illinois 2 (14%) - 3 (10%) -
  Florida 2 (14%) - 3 (10%) -
  Michigan 2 (14%) 130M (100%) 2 (7%) 130M (79%)
  Tennessee 1 (7%) - 2 (7%) -
  Texas - - 2 (7%) 35M (21%)
  Pennsylvania - - 2 (7%) -
  Nevada - - 2 (7%) -
  California - - 2 (7%) -
  Wisconsin 1 (7%) - 1 (3%) -
  Utah 1 (7%) - 1 (3%) -
  Missouri 1 (7%) - 1 (3%) -
  Georgia 1 (7%) - 1 (3%) -
  New Jersey - - 1 (3%) -
  Massachusetts - - 1 (3%) -
  Idaho - - 1 (3%) -
  Alabama - - 1 (3%) -
Puerto Rico 1 (7%) - 1 (3%) -
Domestic 13 (93%) 130M (100%) 29 (97%) 165M (100%)
Cross-border 1 (7%) - 1 (3%) -
Total 14 $130M 30 $165M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (29%) - 12 (40%) 35M (21%)
Secondary Buyout 6 (43%) - 12 (40%) -
Growth Capital 3 (21%) - 4 (13%) -
Going Private 1 (7%) 130M (100%) 1 (3%) 130M (79%)
Divestiture - - 1 (3%) -
Total 14 $130M 30 $165M

Exits by Deal Type

Type Total # Value
Secondary Sale 7 (50%) -
Trade Sale 5 (36%) -
Trade Sale - Public Company 1 (7%) 157M (100%)
Stake Sale 1 (7%) -
Total 14 $157M

Top M&A Advisors

Financial Deals
Lincoln International
1
Legal Deals
DLA Piper
5
Kirkland & Ellis
2

Deal Values

buy # Total
$100M to $1B 1 $130M
< $100M 1 $35M
TOTAL $165M
Largest Diversified Restaurant Holdings, Inc.
$130M (2019-11-06)
sell # Total
$100M to $1B 1 $157M
TOTAL $157M
Largest Stauber Performance Ingredients, Inc.
$157M (2016-01-04)

M&A Connections

Deals
Acquired from
Investor(s)
40%
12 (40%)
Strategic(s)
3%
1 (3%)
Exited to
Investor(s)
50%
7 (50%)
Strategic(s)
43%
6 (43%)

FAQ

When was ICV Capital Partners LLC founded?

ICV Capital Partners LLC was founded in 1998.

What type of investor is ICV Capital Partners LLC?

ICV Capital Partners LLC is a private equity firm.

Where is ICV Capital Partners LLC headquartered?

ICV Capital Partners LLC is headquartered in New York, New York.

How much capital does ICV Capital Partners LLC have under management?

ICV Capital Partners LLC has 700M USD under management.

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