Ridgemont Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Ridgemont Equity Partners has acquired 10 companies. It has also invested in 3 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) (42%) and secondary buyout (20%). 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 11 companies. The Firm’s most common exit type is trade sale (40%). 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 Activity203
    • M&A Buy Activity116
    • M&A Sell Activity87
  • Total Sectors Invested 36
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 119
  • M&A Advisors 19

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 invests $25 - $100 million in companies with EBIDTA of $5 - $30 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 and has additional offices in Dallas, Texas.


Investment Criteria

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

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 30
Investment Size 25 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (3.4/yr) # 99 5 2 3 2 5 116
vol $80.3B $80.3B
Sell (2.8/yr) # 73 3 3 1 2 5 87
vol $21.5B $10.7B $2.7B $34.9B
  203

Most Recent M&A

Company Date Value Type
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
Sparus Holdings, Inc. 2021-08-03 - Secondary Buyout
Peachtree Corners, Georgia · www.sparusholdings.com
Worldwide Express LLC 2021-07-27 - Secondary Buyout
Dallas, Texas · www.wwex.com
Indigo Natural Resources LLC 2021-06-02 2.7B USD Add-on Acquisition
Houston, Texas · www.ndgo.com
Softdocs, Inc. 2021-01-21 - Growth Capital
Columbia, South Carolina · www.softdocs.com
SEKO Logistics 2021-01-07 - Recapitalization
Itasca, Illinois · www.sekologistics.com
Dickinson Fleet Services LLC 2021-01-05 - Add-on Acquisition
Indianapolis, Indiana · www.dickinsonfleet.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
American Safety Council, Inc. 2020-06-23 TPC Training 2021-12-02 4
Orlando, Florida · www.americansafetycouncil.com Buffalo Grove, Illinois · www.tpctraining.com
Munch's Supply Co., Inc. 2019-04-12 C&L Supply, Inc. - HVAC and Plumbing Business 2021-02-03 4
Hillside, Illinois · www.munchsupply.com Vinita, Oklahoma

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 5 (23%) - 15 (13%) 34.4B (43%)
Oil/Gas Exploration 4 (18%) - 12 (10%) 100M (< 1%)
Distribution 2 (9%) - 9 (8%) 1.7B (2%)
Insurance - - 9 (8%) 1.6B (2%)
Communications 2 (9%) - 8 (7%) 2.0B (2%)
Consumer Services - - 4 (3%) 20.5B (25%)
Manufacturing - - 4 (3%) 296M (< 1%)
Media - - 4 (3%) 82M (< 1%)
Automotive - - 4 (3%) -
Energy Services and Equipment 1 (5%) - 4 (3%) -
Transportation 1 (5%) - 4 (3%) -
Financial Services - - 3 (3%) 5.8B (7%)
Education 2 (9%) - 3 (3%) -
Information Technology 1 (5%) - 3 (3%) -
Internet Software and Services 1 (5%) - 3 (3%) -
Software 1 (5%) - 3 (3%) -
Restaurants - - 2 (2%) 6.5B (8%)
Chemicals - - 2 (2%) 4.1B (5%)
Marketing - - 2 (2%) 27M (< 1%)
Building Materials - - 2 (2%) -
Electronics 1 (5%) - 2 (2%) -
Environmental 1 (5%) - 2 (2%) -
Retail - - 1 (1%) 2.9B (4%)
Information Services - - 1 (1%) 659M (1%)
Aerospace - - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Business Services - - 1 (1%) -
Consumer Products - - 1 (1%) -
Digital Media - - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Food - - 1 (1%) -
Leisure - - 1 (1%) -
Life Science - - 1 (1%) -
Medical Products - - 1 (1%) -
Plastics - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 22 - 118 $80.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 22 (100%) - 104 (88%) 68.3B (85%)
  Texas 3 (14%) - 24 (20%) 4.2B (5%)
  California 1 (5%) - 8 (7%) 296M (< 1%)
  Florida 1 (5%) - 7 (6%) 15.2B (19%)
  Illinois 2 (9%) - 6 (5%) 5.8B (7%)
  Georgia 2 (9%) - 6 (5%) 82M (< 1%)
  Tennessee - - 6 (5%) 39.1B (49%)
  South Carolina 2 (9%) - 5 (4%) -
  Utah 2 (9%) - 3 (3%) -
  Massachusetts 1 (5%) - 3 (3%) 2.0B (2%)
  Arizona 1 (5%) - 3 (3%) -
  New York 1 (5%) - 3 (3%) -
  Ohio - - 3 (3%) -
  Indiana - - 3 (3%) -
  Missouri 2 (9%) - 2 (2%) -
  Colorado 1 (5%) - 2 (2%) -
  Maryland 1 (5%) - 2 (2%) -
  Pennsylvania - - 2 (2%) 1.7B (2%)
  Virginia - - 2 (2%) -
  South Dakota - - 2 (2%) -
  Oklahoma 1 (5%) - 1 (1%) -
  Michigan 1 (5%) - 1 (1%) -
  Connecticut - - 1 (1%) -
  Rhode Island - - 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%) -
United Kingdom - - 4 (3%) 9.9B (12%)
Bermuda - - 3 (3%) -
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 22 (100%) - 104 (88%) 68.3B (85%)
Cross-border - - 14 (12%) 12.2B (15%)
Total 22 - 118 $80.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (32%) - 49 (42%) 12.3B (15%)
Secondary Buyout 9 (41%) - 23 (19%) 570M (1%)
Growth Capital 4 (18%) - 12 (10%) -
Stake Purchase - - 10 (8%) -
Going Private - - 9 (8%) 48.9B (61%)
Divestiture 1 (5%) - 5 (4%) 16.7B (21%)
Recapitalization 1 (5%) - 4 (3%) 2.0B (2%)
Venture - - 4 (3%) 27M (< 1%)
Merger - - 1 (1%) -
PIPE - - 1 (1%) -
Total 22 - 118 $80.5B

Exits by Deal Type

Type Total # Value
Secondary Sale 25 (29%) 1.7B (5%)
Trade Sale - Public Company 21 (24%) 20.2B (58%)
Trade Sale 15 (17%) 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 87 $34.9B

Top M&A Advisors

Financial Deals
William Blair & Co. LLC
2
Robert W. Baird & Co., Inc.
2
Citizens Bank, N.A. (Citizens Commercial Banking)
2
Legal Deals
Alston & Bird LLP
11
K&L Gates LLP
7
Goodwin Procter 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)
22%
26 (22%)
Strategic(s)
4%
5 (4%)
Exited to
Investor(s)
29%
25 (29%)
Strategic(s)
41%
36 (41%)

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