M&A Deal Summary

Silver Oak Services Partners Acquires Integrated Oncology Network

On October 8, 2018, private equity firm Silver Oak Services Partners acquired healthcare services company Integrated Oncology Network from Comvest Partners

Acquisition Highlights
  • This is Silver Oak Services Partners’ 7th transaction in the Healthcare Services sector.
  • This is Silver Oak Services Partners’ 27th transaction in the United States.
  • This is Silver Oak Services Partners’ 3rd transaction in Tennessee.

M&A Deal Summary

Date 2018-10-08
Target Integrated Oncology Network
Sector Healthcare Services
Buyer(s) Silver Oak Services Partners
Sellers(s) Comvest Partners
Deal Type Recapitalization

Target

Integrated Oncology Network

Nashville, Tennessee, United States
website
Integrated Oncology Network is an operator of physician management, radiation oncology management and cancer center development company that partners with hospitals and physicians. ION provides expertise including strategic solutions, development, financing and management services including radiation oncology operations, revenue cycle management, compliance, HR, IT and accounting. Integrated Oncology Network was founded in 2008 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.


DEAL STATS #
Overall 27 of 37
Sector (Healthcare Services) 7 of 8
Type (Recapitalization) 15 of 21
State (Tennessee) 3 of 5
Country (United States) 27 of 37
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Innovative Driven

Arlington, Virginia, United States

Innovative Driven is a provider of technology-driven eDiscovery solutions. The Company provides forensics, electronic data discovery, hosting, project management, production, and managed review services to corporations, government entities and law firms in the U.S. and abroad. Innovative Driven was founded in 2005 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-21 North American Roofing Services

Tampa, Florida, United States

North American Roofing Services is a provider of commercial re-roofing and maintenance services across the United States. North American Roofing Services is based in 1979 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 29 of 40
Sector (Healthcare Services) 5 of 6
Type (Recapitalization) 1 of 2
State (Tennessee) 2 of 3
Country (United States) 29 of 40
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Red Hawk Fire & Security

Boca Raton, Florida, United States

Red Hawk Fire & Security LLC is a provider of fire safety and integrated security installation, maintenance and monitoring services. Red Hawk Fire & Security was founded in 1999 and is based in Boca Raton, Florida.

Sell $318M