Source Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Source Capital has acquired 4 companies. It has also invested in 5 others.

Source Capital’s most common sectors for investment areinformation technology (12%) and healthcare services (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (53%) and growth capital (20%). In total, Source Capital has invested in 19 US states.

In the last 3 years, Source Capital has exited 5 companies. The Firm’s most common exit type is trade sale (43%).

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M&A Summary

  • M&A Total Activity54
    • M&A Buy Activity35
    • M&A Sell Activity19
  • Total Sectors Invested 20
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 21
  • M&A Advisors 4

Source Capital

Source Capital LLC

75 Fourteenth Street, Suite 2700,
Atlanta, Georgia 30309
United States
(866) 949-1381
www.source-cap.com
tomharbin@source-cap.com

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Beverages, Building Materials, Business Services, Chemicals, Construction, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Environmental, Healthcare Services, Leisure, Life Science, Machinery, Manufacturing, Medical Products, Plastics, Renewable Energy, Retail, Safety/Security

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Special Situations/Distressed, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 2 -
Investment Size 4 20
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 23 3 4 3 2 - 35
Sell (1.0/yr) # 14 - 3 - 1 1 19
  54

Most Recent M&A

Company Date Value Type
Spinnaker Services LLC 2024-03-12 - Trade Sale
Denver, Colorado · www.spinnakermgmt.com
Rapid Prep LLC 2023-12-01 - Growth Capital
North Kingstown, Rhode Island · www.rapidprep.com
Septic Blue, Inc. 2023-11-15 - Buyout (LBO, MBO, MBI)
Cumming, Georgia · www.septicblue.com
M&M Carnot 2023-06-21 - Trade Sale
Federalsburg, Maryland · www.mmcarnot.com
Kitchen Brains LLC 2022-05-19 - Buyout (LBO, MBO, MBI)
Stratford, Connecticut · www.kitchenbrains.com
AE Tools & Computers 2022-03-01 - Buyout (LBO, MBO, MBI)
Olathe, Kansas · www.aetools.us
Amplifi 2022-01-01 - Stake Purchase
Atlanta, Georgia · www.goamplifi.com
TTG Imaging Solutions LLC 2021-12-27 - Secondary Sale
Pittsburgh, Pennsylvania · www.ttgimagingsolutions.com
Nexus Cognitive Solutions 2021-11-23 - Growth Capital
Addison, Texas · www.nexuscognitive.com
Nelbud Services Group, Inc. 2021-08-17 - Trade Sale
Indianapolis, Indiana · www.nelbud.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
BlueAlly Technology Solutions 2020-09-03 Corporate Armor Technologies LLC 2023-05-17 5
Cary, North Carolina · www.blueally.com Charlotte, North Carolina · www.corporatearmor.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 3 (20%) - 4 (11%) -
Apparel/Textiles - - 3 (8%) -
Business Services 2 (13%) - 3 (8%) -
Healthcare Services 1 (7%) - 3 (8%) -
Machinery 1 (7%) - 3 (8%) -
Manufacturing 1 (7%) - 3 (8%) -
Energy Services and Equipment - - 2 (6%) -
Environmental 1 (7%) - 2 (6%) -
Medical Products 1 (7%) - 2 (6%) -
Automotive 1 (7%) - 1 (3%) -
Building Materials - - 1 (3%) -
Chemicals - - 1 (3%) -
Consumer Products - - 1 (3%) -
Distribution - - 1 (3%) -
Electrical Equipment - - 1 (3%) -
Food 1 (7%) - 1 (3%) -
Leisure - - 1 (3%) -
Retail 1 (7%) - 1 (3%) -
Safety/Security 1 (7%) - 1 (3%) -
Software 1 (7%) - 1 (3%) -
Total 15 - 36 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 15 (100%) - 36 (100%) -
  Georgia 4 (27%) - 8 (22%) -
  Texas 3 (20%) - 3 (8%) -
  North Carolina 2 (13%) - 3 (8%) -
  Michigan 1 (7%) - 3 (8%) -
  Louisiana - - 2 (6%) -
  Indiana - - 2 (6%) -
  Tennessee - - 2 (6%) -
  Pennsylvania - - 2 (6%) -
  Kansas 1 (7%) - 1 (3%) -
  Connecticut 1 (7%) - 1 (3%) -
  Rhode Island 1 (7%) - 1 (3%) -
  New Jersey 1 (7%) - 1 (3%) -
  Missouri 1 (7%) - 1 (3%) -
  Maryland - - 1 (3%) -
  Illinois - - 1 (3%) -
  Florida - - 1 (3%) -
  Colorado - - 1 (3%) -
  Utah - - 1 (3%) -
  New York - - 1 (3%) -
Total 15 - 36 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (60%) - 19 (53%) -
Growth Capital 4 (27%) - 7 (19%) -
Recapitalization 1 (7%) - 4 (11%) -
Secondary Buyout - - 4 (11%) -
Divestiture - - 1 (3%) -
Stake Purchase 1 (7%) - 1 (3%) -
Total 15 - 36 -

Exits by Deal Type

Type Total # Value
Secondary Sale 7 (37%) -
Trade Sale 7 (37%) -
Trade Sale - Public Company 2 (11%) -
Divestiture 1 (5%) -
Recapitalization 1 (5%) -
Shut Down 1 (5%) -
Total 19 -

Top M&A Advisors

Financial Deals
Marwood Group LLC
1
Riveron Consulting LLC
1
Legal Deals
McGuireWoods LLP
1
King & Spalding LLP
1

M&A Connections

Deals
Acquired from
Investor(s)
14%
5 (14%)
Strategic(s)
3%
1 (3%)
Exited to
Investor(s)
42%
8 (42%)
Strategic(s)
47%
9 (47%)

FAQ

When was Source Capital founded?

Source Capital was founded in 2002.

What type of investor is Source Capital?

Source Capital is a private equity firm.

Where is Source Capital headquartered?

Source Capital is headquartered in Atlanta, Georgia.

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