M&A Deal Summary

5th Century Partners and Avante Capital Partners Acquire Radon Medical Imaging

On December 2, 2022, private equity firm 5th Century Partners and mezzanine finance firm Avante Capital Partners acquired business services company Radon Medical Imaging

Acquisition Highlights
  • This is 5th Century Partners’ 1st and Avante Capital Partners’ 3rd transaction in the Business Services sector.
  • This is 5th Century Partners’ 3rd and Avante Capital Partners’ 26th transaction in the United States.
  • This is 5th Century Partners’ 1st and Avante Capital Partners’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2022-12-02
Target Radon Medical Imaging
Sector Business Services
Buyer(s) 5th Century Partners
Avante Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Radon Medical Imaging

Charleston, West Virginia, United States
Radon Medical Imaging is an independent service organization that services, assembles, repairs, sells and distributes new and refurbished medical imaging equipment including, but not limited to: MRI, PET/CT, fluoroscopy, mammography, cardiac cath lab, urology, digital DR and CR, C-arm, general radiographic (X-Ray) and select PACS systems. Radon Medical Imaging is based in Charleston, West Virginia.

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Buyer(S) 2

Buyer

5th Century Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

5th Century Partners is a private equity firm focused on investments in middle-market companies in the healthcare, consumer, and business services sectors. The Firm seeks majority or significant minority positions in businesses with EBITDA of $2 to $20 million and revenue between $10 and $100 million. 5th Century typically commits $5 to $50 million per transaction. 5th Century Partners is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 3 of 6
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (West Virginia) 1 of 1
Country (United States) 3 of 6
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 Peace Out

San Francisco, California, United States

Peace Out is a clean skincare company that manufactures and markets a variety of skincare solutions while fostering a welcoming and inclusive community. Peace Out was founded in 2017 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 LSL Healthcare

Niles, Illinois, United States

LSL Healthcare is a manufacturer of disposable medical devices, IV start kits, surgical procedure kits, and hospital supplies. LSL Healthcare was founded in 1985 and is based in Niles, Illinois.

Buy -
Buyer

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.

DEAL STATS #
Overall 26 of 30
Sector (Business Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (West Virginia) 1 of 1
Country (United States) 26 of 30
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-18 DSG

Little Rock, Arkansas, United States

DSG partners with organizations to create customized sales enablement solutions that turn growth strategies into sales results. Sales and marketing executives retain DSG to develop client-specific sales tools and content, build sales playbooks, produce education videos, and more. DSG was formed in 1992 and is based in Little Rock, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Amware Logistics

Lawrenceville, Georgia, United States

Amware Logistics is a provider of B2B and B2C third-party logistics and order fulfillment services for a wide variety of industries throughout North America. Amware operates over 2 million square feet of warehouse space through nine facilities located across the United States. Amware Logistics was founded in 1989 and is based in Lawrenceville, Georgia.

Sell -
Mergr

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