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  6. 424 Capital and Plexus Capital Invest In Environ

Investment Summary

424 Capital and Plexus Capital Invest In Environ

On December 2, 2021, growth capital firm 424 Capital and private equity firm Plexus Capital invested in energy services and equipment company Environ

Investment Highlights
  • This is 424 Capital’s 1st and Plexus Capital’s 4th transaction in the Energy Services and Equipment sector.
  • This is 424 Capital’s 16th and Plexus Capital’s 115th transaction in the United States.
  • This is 424 Capital’s 1st and Plexus Capital’s 5th transaction in New York.

Investment Summary
Date 2021-12-02
Target Environ
Sector Energy Services and Equipment
Investor(s) 424 Capital
Plexus Capital
Deal Type Growth Capital

Target

Environ

New York City, New York, United States
Environ supports US Hospital Systems in their efforts to reduce spending on gas and electricity while simultaneously reducing price volatility. The company is the only energy procurement organization focused exclusively on the hospital market in all deregulated US markets. Environ focuses on energy efficiency, resiliency, and sustainability for their clients. It takes a comprehensive approach to energy management, reviewing both procurement and energy demand/efficiency together, Environ drives results that exceed those that emerge from addressing supply and utilization separately. Environ is based in New York City, New York.

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Investor(S) 2

Investor

424 Capital

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1995
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.

DEAL STATS #
Overall 16 of 19
Sector: Energy Services and Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 8 of 10
State: New York M&A 1 of 1
Country: United States M&A 16 of 19
Year: 2021 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Reverba

Seattle, Washington, United States

Reverba is a health engagement company that transforms the way healthcare companies think and function, making compliant, patient-centered action possible. It signifies a multiplying force for amplifying the perspectives of patients and the impact of their voices. Reverba was founded in 2002 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Neovera

Reston, Virginia, United States

Neovera is a consulting and managed services provider for cloud infrastructure and cybersecurity including monitoring, managed services, CaaS, and Identity and Access Management. Neovera and was founded in 2001 and is based in Reston, Virginia.

Buy -
Investor

Plexus Capital

Charlotte, North Carolina, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 115 of 147
Sector: Energy Services and Equipment M&A 4 of 4
Type: Growth Capital M&A Deals 17 of 30
State: New York M&A 5 of 7
Country: United States M&A 115 of 147
Year: 2021 M&A 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 TaskRay

Westminster, Colorado, United States

TaskRay develops and sells SaaS-based customer onboarding solutions to Salesforce users. TaskRay was founded in 2010 and is based in Westminster, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Architech Sports and Physical Therapy

Charlotte, North Carolina, United States

Architech Sports and Physical Therapy is the premier physical therapy and sports performance company. The Architech Sports and Physical Therapy staff provides expert help to individuals who want to become better athletes by focusing on their physical conditioning, speed, agility, and quickness. Architech Sports and Physical Therapy was founded in 2008 and is based in Charlotte, North Carolina.

Buy -
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