Ridgemont Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Ridgemont Equity Partners has acquired 17 companies. It has also invested in 4 others.

Ridgemont Equity Partners’ most common sectors for investment arehealthcare services (13%) and oil/gas exploration (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (45%) and secondary buyout (18%). In total, Ridgemont Equity Partners has invested in 31 US states and 10 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired HCA Healthcare for $33.0B.

In the last 3 years, Ridgemont Equity Partners has exited 9 companies. The Firm’s most common exit type is trade sale (41%). Ridgemont Equity Partners’ largest (disclosed) exit occurred in 2017 when it sold Lightower Fiber Networks for $7.1B.

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M&A Summary

  • M&A Total Activity216
    • M&A Buy Activity128
    • M&A Sell Activity88
  • Total Sectors Invested 38
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 120
  • M&A Advisors 22

Ridgemont Equity Partners

101 S Tryon Street, Suite 3400,
Charlotte, North Carolina 28202
United States
(704) 944-0914
www.ridgemontep.com

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $250 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Communications, Distribution, Education, Energy Services and Equipment, Environmental, Healthcare Services, Information Technology, Infrastructure, Manufacturing, Media, Medical Products, Oil/Gas Exploration, Renewable Energy, Software, Technology Hardware, Transportation

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 50
Investment Size - 250
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (4.8/yr) # 104 3 5 6 7 3 128
vol $80.3B $80.3B
Sell (2.4/yr) # 76 3 1 2 4 2 88
vol $32.2B $2.7B $34.9B
  216

Most Recent M&A

Company Date Value Type
Zenfi Networks 2022-07-26 - Add-on Acquisition
Long Island City, New York · www.zenfi.com
Crete Mechanical Group 2022-06-02 - Growth Capital
New York, New York · cretemechanical.com
American Outcomes Management LP 2022-02-24 - Buyout (LBO, MBO, MBI)
Fort Worth, Texas · www.americanoutcomes.com
Munch's Supply Co., Inc. 2022-01-11 - Add-on Acquisition
Hillside, Illinois · www.munchsupply.com
WhiteWater III (Matterhorn) 2022-01-01 - Buyout (LBO, MBO, MBI)
, United States
eShipping LLC 2021-11-17 - Recapitalization
Parkville, Missouri · www.eshipping.biz
Agape Care Group 2021-10-19 - Divestiture
Spartanburg, South Carolina · www.agapecaregroup.com
Northstar Recycling Co. 2021-10-05 - Growth Capital
East Longmeadow, Massachusetts · www.northstarrecycling.com
Allied 100 LLC 2021-09-07 - Add-on Acquisition
Bannockburn, Illinois · www.allied100.com
Texas Teachers of Tomorrow LLC 2021-09-02 - Secondary Buyout
Houston, Texas · ww.teachersoftomorrow.org
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
M6 Midstream LLC 2020-03-01 Align Midstream Partners II 2022-09-22 1
Houston, Texas Dallas, Texas · www.alignmidstream.com
American Safety Council, Inc. 2020-06-23 TPC Training 2021-12-02 4
Orlando, Florida · www.americansafetycouncil.com Buffalo Grove, Illinois · www.tpctraining.com
Allredi LLC 2014-01-01 Abrasive Products & Equipment LP 2020-03-03 3
Pasadena, Texas · www.allredi-us.com Deer Park, Texas · www.apeblastandpaint.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 6 (23%) - 16 (12%) 34.4B (43%)
Oil/Gas Exploration 1 (4%) - 13 (10%) 100M (< 1%)
Distribution 3 (12%) - 11 (9%) 1.7B (2%)
Insurance - - 9 (7%) 1.6B (2%)
Communications 1 (4%) - 8 (6%) 2.0B (2%)
Energy Services and Equipment 4 (15%) - 6 (5%) -
Transportation 3 (12%) - 6 (5%) -
Consumer Services - - 4 (3%) 20.5B (25%)
Manufacturing - - 4 (3%) 296M (< 1%)
Media - - 4 (3%) 82M (< 1%)
Automotive - - 4 (3%) -
Education 2 (8%) - 4 (3%) -
Financial Services - - 3 (2%) 5.8B (7%)
Information Technology 1 (4%) - 3 (2%) -
Software 1 (4%) - 3 (2%) -
Restaurants - - 2 (2%) 6.5B (8%)
Chemicals - - 2 (2%) 4.1B (5%)
Marketing - - 2 (2%) 27M (< 1%)
Building Materials - - 2 (2%) -
Business Services 1 (4%) - 2 (2%) -
Electronics - - 2 (2%) -
Environmental 1 (4%) - 2 (2%) -
Internet Software and Services - - 2 (2%) -
Retail - - 1 (1%) 2.9B (4%)
Information Services - - 1 (1%) 659M (1%)
Aerospace - - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Consumer Products - - 1 (1%) -
Digital Media - - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Food - - 1 (1%) -
Infrastructure 1 (4%) - 1 (1%) -
Leisure - - 1 (1%) -
Life Science - - 1 (1%) -
Medical Products - - 1 (1%) -
Plastics - - 1 (1%) -
Renewable Energy 1 (4%) - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 26 - 129 $80.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 26 (100%) - 115 (89%) 68.3B (85%)
  Texas 8 (31%) - 31 (24%) 4.2B (5%)
  California 1 (4%) - 9 (7%) 296M (< 1%)
  Florida 1 (4%) - 7 (5%) 15.2B (19%)
  Illinois 1 (4%) - 6 (5%) 5.8B (7%)
  Tennessee - - 6 (5%) 39.1B (49%)
  Georgia 2 (8%) - 5 (4%) 82M (< 1%)
  South Carolina 2 (8%) - 5 (4%) -
  New York 1 (4%) - 4 (3%) -
  Missouri 3 (12%) - 3 (2%) -
  Massachusetts 1 (4%) - 3 (2%) 2.0B (2%)
  Utah 1 (4%) - 3 (2%) -
  Ohio - - 3 (2%) -
  Indiana - - 3 (2%) -
  Maryland 1 (4%) - 2 (2%) -
  Pennsylvania - - 2 (2%) 1.7B (2%)
  Virginia - - 2 (2%) -
  South Dakota - - 2 (2%) -
  Colorado - - 2 (2%) -
  Arizona - - 2 (2%) -
  Michigan 1 (4%) - 1 (1%) -
  Rhode Island - - 1 (1%) -
  Oklahoma - - 1 (1%) -
  North Carolina - - 1 (1%) -
  New Jersey - - 1 (1%) -
  Montana - - 1 (1%) -
  Minnesota - - 1 (1%) -
  Maine - - 1 (1%) -
  Kansas - - 1 (1%) -
  Iowa - - 1 (1%) -
  Connecticut - - 1 (1%) -
United Kingdom - - 4 (3%) 9.9B (12%)
Bermuda - - 3 (2%) -
Switzerland - - 1 (1%) 1.6B (2%)
Australia - - 1 (1%) 659M (1%)
Netherlands - - 1 (1%) 108M (< 1%)
France - - 1 (1%) -
Italy - - 1 (1%) -
Finland - - 1 (1%) -
Mexico - - 1 (1%) -
Domestic 26 (100%) - 115 (89%) 68.3B (85%)
Cross-border - - 14 (11%) 12.2B (15%)
Total 26 - 129 $80.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 11 (42%) - 57 (44%) 12.3B (15%)
Secondary Buyout 7 (27%) - 23 (18%) 570M (1%)
Growth Capital 5 (19%) - 14 (11%) -
Stake Purchase - - 10 (8%) -
Going Private - - 9 (7%) 48.9B (61%)
Divestiture 1 (4%) - 5 (4%) 16.7B (21%)
Recapitalization 2 (8%) - 5 (4%) 2.0B (2%)
Venture - - 4 (3%) 27M (< 1%)
Merger - - 1 (1%) -
PIPE - - 1 (1%) -
Total 26 - 129 $80.5B

Exits by Deal Type

Type Total # Value
Secondary Sale 24 (27%) 1.7B (5%)
Trade Sale - Public Company 21 (24%) 20.2B (58%)
Trade Sale 17 (19%) 12.2B (35%)
IPO 14 (16%) -
Merger 3 (3%) 792M (2%)
Bankruptcy 3 (3%) -
Unknown 3 (3%) -
Divestiture 1 (1%) -
Recapitalization 1 (1%) -
Stake Sale 1 (1%) -
Total 88 $34.9B

Top M&A Advisors

Financial Deals
William Blair & Co. LLC
2
Robert W. Baird & Co., Inc.
2
Livingstone Partners LLP
1
Legal Deals
Alston & Bird LLP
11
K&L Gates LLP
7
Dechert LLP
2

Deal Values

buy # Total
> $1B 10 $78.0B
$100M to $1B 6 $2.3B
< $100M 3 $209M
TOTAL $80.5B
Largest HCA Healthcare, Inc.
$33.0B (2006-11-17)
sell # Total
> $1B 9 $29.6B
$100M to $1B 11 $5.2B
< $100M 2 $52M
TOTAL $34.9B
Largest Lightower Fiber Networks LLC
$7.1B (2017-07-18)

M&A Connections

Deals
Acquired from
Investor(s)
20%
26 (20%)
Strategic(s)
4%
5 (4%)
Exited to
Investor(s)
27%
24 (27%)
Strategic(s)
43%
38 (43%)

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