M&A Deal Summary

Tailwind Acquires Acertus

On October 26, 2016, private equity firm Tailwind acquired transportation company Acertus from Corinthian Capital Group and Patriot Capital

Acquisition Highlights
  • This is Tailwind’s 2nd transaction in the Transportation sector.
  • This is Tailwind’s 28th transaction in the United States.
  • This is Tailwind’s 1st transaction in Missouri.

M&A Deal Summary

Date 2016-10-26
Target Acertus
Sector Transportation
Buyer(s) Tailwind
Sellers(s) Corinthian Capital Group
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Acertus

Saint Louis, Missouri, United States
website
Acertus is a technology-enabled, non-asset-based third-party vehicle lifecycle solutions provider, offering a comprehensive service including Car Haul, Drive Away, Storage, Title and Registration, Compliance, Care and more for OEMs, Dealerships and Rental and Fleet Management Companies. Acertus leverages proprietary technology to provide service across the entire vehicle lifecycle. Acertus was formed in 2010 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

website


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

Tailwind 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 $200 million in profitable businesses valued above $500 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 28 of 46
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 13
State (Missouri) 1 of 2
Country (United States) 28 of 46
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 TPRC

Downey, California, United States

TPRC is a provider of trench safety and traffic control solutions to underground construction and infrastructure-related industries. TPRC serves over 5,000 customers through a network of 37 branch locations across the United States. TPRC was founded in 1978 and is based in Downey, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Edenbridge Pharmaceuticals

Parsippany, New Jersey, United States

Edenbridge Pharmaceuticals LLC is a specialty generic pharmaceutical company focused on niche markets. In addition to its portfolio of approved products, the company has in-house R&D capabilities to develop new products. Edenbridge was formed in 2008 and is based in Parsippany, New Jersey.

Buy -

Seller(S) 2

SELLER

Corinthian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


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

Corinthian Capital Group is a private equity firm that targets middle market-company investments located in North America. Corinthian prefers investments in consumer product, niche manufacturing, distribution, and service companies with revenues between $50 and $300 million with an EBITDA of $5 - $30 million. Corinthian typically targets opportunities brought on by generational turnover, shareholder liquidity, or corporate restructuring. Corinthian Capital was formed in 2005 and is based in New York City with additional office in Boston.


DEAL STATS #
Overall 8 of 12
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Missouri) 1 of 1
Country (United States) 8 of 12
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Wolf-Gordon

New York, New York, United States

Wolf-Gordon is a designer, marketer, and distributor of wallcoverings and upholstery for the commercial market. Wolf-Gordon was established in 1967 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Friedrich Air Conditioning

San Antonio, Texas, United States

Friedrich Air Conditioning manufactures room air conditioning, dehumidification and air purification products for residential and commercial applications. Friedrich is among industry leaders in high-end air conditioning solutions for single room use in lodging, commercial and multi-family sectors. The company is based in San Antonio, Texas with manufacturing operations in Monterrey, Mexico and distribution centers in Texas and New Jersey.

Sell -
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 26 of 46
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Missouri) 3 of 3
Country (United States) 26 of 46
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Advantage Engineers

Columbia, Maryland, United States

Advantage Engineers LLC specialized in telecommunications, environmental and geotechnical engineering and consulting services for various end markets. Services offered include, but are not limited to, telecom site acquisition and engineering, laboratory and material testing, design and construction phase investigations and site assessments. Advantage Engineers was founded in 2001 and is based in Mechanicsburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-30 STX Healthcare Management Services

Bellaire, Texas, United States

STX Healthcare Management Services, Inc. is a dental practice management services company that provides back-office and management services to dental clinics throughout the Southeast. STX was established in 2009 and is based in Bellaire, Texas.

Sell -