The Halifax Group Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, The Halifax Group has acquired 4 companies. It has also invested in 2 others.

The Halifax Group’s most common sectors for investment are healthcare services (21%) and business services (9%). The Firm’s most common investment types include secondary buyout (36%) and recapitalization (24%). In total, The Halifax Group has invested in 17 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired IASIS Healthcare for $1.4B.

In the last 3 years, The Halifax Group has exited 4 companies. The Firm’s most common exit type is secondary buyout (50%). The Halifax Group’s largest (disclosed) exit occurred in 2015 when it sold Envision Pharmaceutical Services for $2.0B.

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M&A Summary

  • M&A Total Activity54
    • M&A Buy Activity34
    • M&A Sell Activity20
  • Total Sectors Invested 21
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 25
  • M&A Advisors 7

The Halifax Group, LLC

1133 Connecticut Avenue, Northwest Suite 700,
Washington, District of Columbia 20036
United States
(202) 530-8300
www.thehalifaxgroup.com
inquiry@thehalifaxgroup.com

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $5 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.


Investment Criteria

Sectors of Interest: Agriculture, Automotive, Business Services, Consumer Products, Consumer Services, Distribution, Environmental, Franchising, Healthcare Services, Information Services, Life Science, Manufacturing, Medical Products, Plastics, Renewable Energy, Restaurants, Safety/Security, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue 20 -
Target EBITDA 8 30
Investment Size 40 80
Enterprise Value 50 300
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.8/yr) # 25 3 1 4 1 - 34
vol $2.0B $2.0B
Sell (1.0/yr) # 15 1 1 3 - - 20
vol $3.4B $3.4B
  54

Most Recent M&A

Company Date Value Type
TriMech Solutions LLC 2020-01-07 - Secondary Buyout
Glen Allen, Virginia · www.trimech.com
AAMP of America, Inc. 2019-11-06 - Secondary Buyout
Clearwater, Florida · www.aampofamerica.com
Prairie Industries, Inc. 2019-09-25 - Recapitalization
Prairie du Chien, Wisconsin · www.pind.com
Ultimate Fitness Group LLC 2019-08-19 - Growth Capital
Boca Raton, Florida · www.orangetheory.com
StrataTech Education Group 2019-06-18 - Secondary Buyout
Phoenix, Arizona · www.stratatech.com
Animal Supply Company LLC 2019-02-26 - Secondary Buyout
Irving, Texas · www.animalsupply.com
K2 Industrial Services, Inc. 2019-01-30 - Add-on Acquisition
Houston, Texas · www.k2industrial.com
United States Environmental Services LLC 2019-01-01 - Unknown
New Orleans, Louisiana · www.usesgroup.com
Pirtek UK Ltd. 2018-11-22 - Secondary Buyout
London, United Kingdom · www.pirtek.co.uk
ChanceLight Behavioral Health and Education 2018-05-15 - Growth Capital
Nashville, Tennessee · www.chancelight.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
PromptCare, Inc. 2017-03-09 HomeTown Oxygen 2018-05-03 3
Clark, New Jersey · www.promptcare.net Charlotte, North Carolina · www.hometownoxygen.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 4 (33%) - 7 (21%) 1.5B (73%)
Business Services 1 (8%) - 3 (9%) -
Distribution - - 2 (6%) 87M (4%)
Consumer Products 1 (8%) - 2 (6%) -
Consumer Services 1 (8%) - 2 (6%) -
Medical Products - - 2 (6%) -
Software 1 (8%) - 2 (6%) -
Plastics - - 1 (3%) 451M (23%)
Construction - - 1 (3%) -
Education 1 (8%) - 1 (3%) -
Electronics 1 (8%) - 1 (3%) -
Environmental - - 1 (3%) -
Food - - 1 (3%) -
Franchising - - 1 (3%) -
Information Technology - - 1 (3%) -
Life Science - - 1 (3%) -
Manufacturing - - 1 (3%) -
Packaging 1 (8%) - 1 (3%) -
Restaurants - - 1 (3%) -
Safety/Security 1 (8%) - 1 (3%) -
Transportation - - 1 (3%) -
Total 12 - 34 $2.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) - 30 (88%) 1.5B (77%)
  Florida 3 (25%) - 4 (12%) -
  Virginia 2 (17%) - 3 (9%) -
  Texas - - 3 (9%) -
  New Jersey 2 (17%) - 2 (6%) -
  Wisconsin 2 (17%) - 2 (6%) -
  Tennessee 1 (8%) - 2 (6%) 1.4B (70%)
  Arizona 1 (8%) - 2 (6%) -
  California - - 2 (6%) 54M (3%)
  North Carolina - - 2 (6%) -
  Illinois 1 (8%) - 1 (3%) -
  Pennsylvania - - 1 (3%) 87M (4%)
  Oklahoma - - 1 (3%) -
  Ohio - - 1 (3%) -
  Minnesota - - 1 (3%) -
  Maryland - - 1 (3%) -
  Louisiana - - 1 (3%) -
  Alabama - - 1 (3%) -
United Kingdom - - 4 (12%) 451M (23%)
Domestic 12 (100%) - 30 (88%) 1.5B (77%)
Cross-border - - 4 (12%) 451M (23%)
Total 12 - 34 $2.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 5 (42%) - 12 (35%) 1.5B (77%)
Recapitalization 3 (25%) - 8 (24%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 7 (21%) -
Divestiture - - 2 (6%) 451M (23%)
Growth Capital 2 (17%) - 2 (6%) -
Consolidation 1 (8%) - 1 (3%) -
Going Private - - 1 (3%) -
Stake Purchase - - 1 (3%) -
Total 12 - 34 $2.0B

Exits by Deal Type

Type Total # Value
Secondary Sale 10 (50%) 859M (26%)
Trade Sale - Public Company 4 (20%) 2.2B (66%)
Trade Sale 4 (20%) 275M (8%)
Merger 1 (5%) -
Unknown 1 (5%) -
Total 20 $3.4B

Top M&A Advisors

Financial Deals
North Point Advisors LLC
 2
William Blair & Co. LLC
 2
Macquarie Capital
 1
Legal Deals
Mayer Brown
 1
DLA Piper
 1
Arnold & Porter LLP
 1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $451M
< $100M 2 $141M
TOTAL $2.0B
Largest IASIS Healthcare Corp.
$1.4B (2004-06-22)
sell # Total
> $1B 1 $2.0B
$100M to $1B 4 $1.2B
< $100M 2 $175M
TOTAL $3.4B
Largest Envision Pharmaceutical Services, Inc.
$2.0B (2015-06-24)

M&A Connections

Deals
Acquired from
Investor(s)
35%
12 (35%)
Strategic(s)
6%
2 (6%)
Exited to
Investor(s)
50%
10 (50%)
Strategic(s)
50%
10 (50%)

Investor Summary

Size

Large

PE Assets

1.5B USD

Established

1999

Specialist/Generalist

Generalist

Leadership

David Dupree

Founder & Senior Partner

Chris Cathcart

Managing Partner

Scott Plumridge

Managing Partner

Doug Hill

Partner

Brent Williams

Senior Partner

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