Seaport Capital Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Seaport Capital has acquired 1 company. It has also invested in 4 others.

Seaport Capital’s most common sectors for investment are communications (28%) and information technology (16%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (58%) and growth capital (34%). In total, Seaport Capital has invested in 22 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2001 when it acquired Pathlore Software for $10M.

In the last 3 years, Seaport Capital has exited 2 companies. The Firm’s most common exit type is trade sale (56%). Seaport Capital’s largest (disclosed) exit occurred in 1999 when it sold WNP Communications for $695M.

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M&A Summary

  • M&A Total Activity58
    • M&A Buy Activity33
    • M&A Sell Activity25
  • Total Sectors Invested 11
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 29
  • M&A Advisors 5

Seaport Capital

40 Fulton Street, 27th Floor,
New York, New York 10038
United States
(212) 847-8900
www.seaportcapital.com
info@seaportcapital.com

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $30 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Services, Digital Media, Education, Electrical Equipment, Franchising, Information Services, Information Technology, Infrastructure, Internet Software and Services, Marketing, Media, Publishing, Software, Transportation

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 3 15
Investment Size 10 30
Enterprise Value 25 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 28 - 2 2 1 - 33
vol $25M $25M
Sell (0.6/yr) # 22 1 1 - 1 - 25
vol $908M $908M
  58

Most Recent M&A

Company Date Value Type
i3 Broadband LLC 2020-09-14 - Secondary Buyout
Peoria, Illinois · www.i3broadband.com
Linen King 2020-02-13 - Secondary Buyout
Tulsa, Oklahoma · www.thelinenking.com
Rutherford & Associates, Inc. 2019-10-22 - Growth Capital
Holland, Michigan · www.eostar.com
All Traffic Data, Inc. 2019-04-22 - Growth Capital
Wheat Ridge, Colorado · www.alltrafficdata.net
Municipal Communications II LLC 2018-12-05 - Growth Capital
Atlanta, Georgia
Municipal Communications LLC 2018-12-05 - Add-on Acquisition
Atlanta, Georgia · www.municipalcom.com
Filmwerks LLC 2018-06-21 - Growth Capital
Wilmington, North Carolina · www.filmwerksintl.com
FTJ FundChoice LLC 2017-02-27 - Recapitalization
Hebron, Kentucky · www.ftjfundchoice.com
LogicWorks, Inc. 2016-12-15 - Secondary Buyout
New York, New York · www.logicworks.net
i3 Broadband LLC 2016-12-06 - Buyout (LBO, MBO, MBI)
Peoria, Illinois · www.i3broadband.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Linen King 2020-02-13 Angelica Corp. - Laundry Processing Facility 2020-11-04 1
Tulsa, Oklahoma · www.thelinenking.com Ooltewah, Tennessee

M&A by Sector

Sector Current # Value All-time # Value
Communications 1 (10%) - 9 (27%) 9M (37%)
Information Technology - - 5 (15%) 6M (22%)
Software 2 (20%) - 4 (12%) 10M (41%)
Business Services 2 (20%) - 4 (12%) -
Marketing 1 (10%) - 3 (9%) -
Information Services 1 (10%) - 2 (6%) -
Internet Software and Services 1 (10%) - 2 (6%) -
Electrical Equipment 1 (10%) - 1 (3%) -
Leisure - - 1 (3%) -
Media - - 1 (3%) -
Transportation 1 (10%) - 1 (3%) -
Total 10 - 33 $25M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (90%) - 31 (94%) 25M (100%)
  Georgia 1 (10%) - 3 (9%) -
  New York - - 3 (9%) 6M (22%)
  Colorado 2 (20%) - 2 (6%) -
  Texas 1 (10%) - 2 (6%) -
  North Carolina 1 (10%) - 2 (6%) -
  Massachusetts - - 2 (6%) 9M (37%)
  California - - 2 (6%) -
  Oregon 1 (10%) - 1 (3%) -
  Oklahoma 1 (10%) - 1 (3%) -
  Michigan 1 (10%) - 1 (3%) -
  Connecticut 1 (10%) - 1 (3%) -
  Ohio - - 1 (3%) 10M (41%)
  Virginia - - 1 (3%) -
  Utah - - 1 (3%) -
  New Jersey - - 1 (3%) -
  Missouri - - 1 (3%) -
  Louisiana - - 1 (3%) -
  Kentucky - - 1 (3%) -
  Indiana - - 1 (3%) -
  Illinois - - 1 (3%) -
  Florida - - 1 (3%) -
  Arizona - - 1 (3%) -
Puerto Rico 1 (10%) - 1 (3%) -
Guam - - 1 (3%) -
Domestic 9 (90%) - 31 (94%) 25M (100%)
Cross-border 1 (10%) - 2 (6%) -
Total 10 - 33 $25M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (20%) - 19 (58%) 9M (37%)
Growth Capital 7 (70%) - 11 (33%) -
Venture - - 2 (6%) 16M (63%)
Secondary Buyout 1 (10%) - 1 (3%) -
Total 10 - 33 $25M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (32%) 908M (100%)
Trade Sale 8 (32%) -
Secondary Sale 6 (24%) -
IPO 1 (4%) -
Recapitalization 1 (4%) -
Unknown 1 (4%) -
Total 25 $908M

Top M&A Advisors

Financial Deals
Signal Hill Capital Group LLC
 1
Waller Capital Partners LLC
 1
Legal Deals
Willkie Farr & Gallagher LLP
 1
Womble Carlyle Sandridge & Rice LLP
 1
Kramer Levin Naftalis & Frankel LLP
 1

Deal Values

buy # Total
< $100M 3 $25M
TOTAL $25M
Largest Pathlore Software Corp.
$10M (2001-09-27)
sell # Total
$100M to $1B 2 $868M
< $100M 2 $40M
TOTAL $908M
Largest WNP Communications, Inc.
$695M (1999-01-18)

M&A Connections

Deals
Acquired from
Investor(s)
6%
2 (6%)
Exited to
Investor(s)
28%
7 (28%)
Strategic(s)
56%
14 (56%)

Investor Summary

Size

Middle-Market

Established

1997

Specialist/Generalist

Generalist

Leadership

Jim Collis

Co-Founder

Bill Luby

Founding Partner

Howard Kaufman

CFO

Bob Tamashunas

Partner

Drew Meyers

Partner

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