M&A Deal Summary

ABSG Consulting Acquires Genesis Technology Solutions

On February 23, 2012, ABSG Consulting acquired engineering company Genesis Technology Solutions from Ironwood Capital and Seguin Partners

Acquisition Highlights
  • This is ABSG Consulting’s 1st transaction in the Engineering sector.
  • This is ABSG Consulting’s 1st transaction in the United States.
  • This is ABSG Consulting’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2012-02-23
Target Genesis Technology Solutions
Sector Engineering
Buyer(s) ABSG Consulting
Sellers(s) Ironwood Capital
Seguin Partners
Deal Type Add-on Acquisition

Target

Genesis Technology Solutions

Ridgefield, Connecticut, United States
Genesis Technology Solutions, Inc. (Genesis Solutions Holdings) is an outsourced business service provider specializing in engineering consulting focused on manufacturing maintenance systems.

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Buyer(S) 1

Buyer

ABSG Consulting

Houston, Texas, United States
Category Company
Founded 1971
Sector Business Services
DESCRIPTION

ABSG Consulting, Inc. a Marine and Offshore classification society.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 2

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 8 of 53
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 6 of 32
State (Connecticut) 4 of 15
Country (United States) 8 of 53
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 TRM

Milwaukee, Wisconsin, United States

TRM is a manufacturer of proprietary and custom injection molding products serving the industrial lead battery, automotive, and consumer markets. TRM was founded in 1977 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Curtis Bay Medical Waste Services

Baltimore, Maryland, United States

Curtis Bay Medical Waste Services provides comprehensive medical waste solutions including collection, transfer, transportation, recycling, waste reduction, sharps management, disposal, and consulting services to hospitals, medical offices, pharmacies and other healthcare providers. Curtis Bay Medical Waste Services was founded in 1988 and is based in Baltimore, Maryland.

Buy -
SELLER

Seguin Partners

Middleton, Massachusetts, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Seguin Partners LLC is a private equity seeks to invest in lower middle market services companies. Seguin targets growing profitable companies with recurring revenues, sustainable competitive advantage, historical growth and free cash flows with an EBITDA of at least $2 million. The Firm typically invests between $5 - $20 million in companies with enterprise values of between $10 - $75 million. Seguin’s seeks to hold majority interest in the businesses. Specific areas of interest include business-to-business information, publishing, media, healthcare, security and outsourced business services. The Firm typical transaction types include MBOs, acquisitions, recapitalization and growth capital financing. Seguin Partners LLC was formed in 2006 and is based in Lynnfield, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-11 CFO Media Group

New York, New York, United States

The CFO Media Group is a publisher of CFO Magazine, CFO.com, and CFO Research. CFO Media Group is a global voice in enterprise finance intelligence and cutting-edge, award-winning thought leadership targeted by the global community of Chief Financial Officers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 CFO Media Group

New York, New York, United States

The CFO Media Group is a publisher of CFO Magazine, CFO.com, and CFO Research. CFO Media Group is a global voice in enterprise finance intelligence and cutting-edge, award-winning thought leadership targeted by the global community of Chief Financial Officers.

Sell -
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