M&A Deal Summary

Yukon Partners and Sentinel Capital Partners Acquires Apex Companies

On November 28, 2018, mezzanine finance firm Yukon Partners and private equity firm Sentinel Capital Partners acquired environmental company Apex Companies LLC from Tailwind Capital Group LLC

Acquisition Highlights
  • This is Yukon Partners’ 1st and Sentinel Capital Partners’ 1st transaction in the Environmental sector.
  • This is Yukon Partners’ 36th and Sentinel Capital Partners’ 66th transaction in the United States.
  • This is Yukon Partners’ 1st and Sentinel Capital Partners’ 2nd transaction in Maryland.

M&A Deal Summary

Date 2018-11-28
Target Apex Companies LLC
Sector Environmental
Buyer(s) Yukon Partners
Sentinel Capital Partners
Sellers(s) Tailwind Capital Group LLC
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Apex Companies LLC

Rockville, Maryland, United States
website
Apex is a multi-disciplinary environmental services firm with 28 branches located throughout the Eastern and Central United States. The company provides a broad platform of environmental services, including stormwater system design, engineering and maintenance; ports, harbors, and water system design and engineering; environmental remediation; industrial hygiene services; and general site assessment, regulatory compliance, and environmental consulting work.

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Buyer(S) 2

Buyer

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 37 of 45
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 13 of 14
State (Maryland) 1 of 1
Country (United States) 36 of 44
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Team Technologies, Inc.

Morristown, Tennessee, United States

Team Technologies, Inc. is a manufacturer of consumable dental, cosmetic, and medical products for CPG, retail, and private label customers. Team Technologies, Inc. was founded in 1988 and is based in Morristown, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-31 American Eye Associates

Chula Vista, California, United States

American Eye Associates is a retina surgery and ophthalmology practice based in Southern California. American Eye Associates is one of the largest retina-focused eye care practices in Southern California and operates across three clinical sites and one ambulatory surgery center in San Diego and Imperial Counties. American Eye Associates' specialist physicians provide a diverse range of treatments related to retina and vitreous diseases and other common eye diseases such as glaucoma and cataracts.

Buy -
Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 60.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 72 of 84
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 23 of 28
State (Maryland) 2 of 3
Country (United States) 66 of 77
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Driven Performance Brands

Santa Rosa, California, United States

Driven Performance Brands is a manufacturer of automotive aftermarket products. The Company was founded in 1953 and is based in Santa Rosa, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Pet Supplies Plus LLC

Livonia, Michigan, United States

Pet Supplies Plus is a pet specialty retailer in the United States by total system sales, providing a wide variety of pet food, treats, hard goods and services for dogs, cats, and small animals. Pet Supplies Plus was founded in 1988 and is based in Livonia, Michigan.

Buy -

Seller(S) 1

SELLER

Tailwind Capital Group LLC

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Tailwind Capital is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $100 million in businesses valued up to $300 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 16 of 26
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 4 of 9
State (Maryland) 1 of 1
Country (United States) 16 of 26
Year (2018) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Colony Hardware Corp.

Orange, Connecticut, United States

Colony Hardware is a distributor of safety equipment, power tools, and other small-ticket job site essentials to multiple trades of contractors serving the commercial construction and public infrastructure construction markets. Colony Hardware was founded in 1988 and is based in Orange, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 National HME, Inc.

Richland Hills, Texas, United States

National HME, Inc. is a provider of outsourced medical equipment management solutions to the hospice market. National HME delivers medical equipment to hospice caregivers either directly through its full-service locations or through its credentialed network of local providers. The company also provides consolidated ordering and invoicing as well as data on utilization, cost trends, and network management for reporting and analytics. National HME was formed in 2006 and is based in Richland Hills, Texas.

Sell -