Investment Summary

Exits Team America

On June 1, 2003, invested in staffing company Team America from Stonehenge Partners

Investment Highlights
  • This is transaction in the Staffing sector.
  • This is transaction in the United States.
  • This is transaction in Ohio.

Investment Summary

Date 2003-06-01
Target Team America
Sector Staffing
Sellers(s) Stonehenge Partners
Deal Type Merger

Target

Team America

Columbus, Ohio, United States
Team America, Inc. provides Human Resources Outsourcing services.

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Seller(S) 1

SELLER

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


DEAL STATS #
Overall 3 of 37
Sector (Staffing) 1 of 1
Type (Merger) 1 of 3
State (Ohio) 1 of 8
Country (United States) 3 of 36
Year (2003) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Alsay

Houston, Texas, United States

Alsay drills and services large diameter water wells for municipal water systems, privately operated municipal utility districts, and a variety of large industrial clients. Alsay constructs highly engineered and specialized wells costing up to $2 million each, and also provides extensive maintenance services on a large base of installed wells. Alsay was formed in 1960 and is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Carlton-Bates

Little Rock, Arkansas, United States

Carlton-Bates Co., Inc. is a distributor of automation controls and electronic and electromechanical products.

Buy -