M&A Deal Summary

Advantage Capital Partners Acquires DHI

On January 1, 2019, growth capital firm Advantage Capital Partners acquired business services company DHI from Lincolnshire Management

Acquisition Highlights
  • This is Advantage Capital Partners’ 12th transaction in the Business Services sector.
  • This is Advantage Capital Partners’ 267th transaction in the United States.
  • This is Advantage Capital Partners’ 8th transaction in Utah.

M&A Deal Summary

Date 2019-01-01
Target DHI
Sector Business Services
Buyer(s) Advantage Capital Partners
Sellers(s) Lincolnshire Management
Deal Type Secondary Buyout

Target

DHI

Vernal, Utah, United States
DHI is a service provider for the oil and gas industry, DHI delivers value to clients through integrated water management solutions, storage tank rentals, and equipment rentals. DHI was founded in 1969 and is based in Vernal, Utah.

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Buyer(S) 1

Buyer

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 269 of 329
Sector: Business Services M&A 12 of 15
Type: Secondary Buyout M&A Deals 6 of 9
State: Utah M&A 8 of 11
Country: United States M&A 267 of 325
Year: 2019 M&A 12 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 mTrade

Oxford, Mississippi, United States

mTrade focuses on improving the way organizations buy, sell, and analyze whole loans. mTrade solutions optimize your mortgage trading and collaboration process. mTrade was founded in 2016 and is based in Oxford, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-08 Covetrus

Portland, Maine, United States

Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine.

Sell -

Seller(S) 1

SELLER

Lincolnshire Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.


DEAL STATS #
Overall 20 of 24
Sector: Business Services M&A 5 of 6
Type: Secondary Buyout M&A Deals 8 of 12
State: Utah M&A 1 of 1
Country: United States M&A 19 of 23
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Holley

Bowling Green, Kentucky, United States

Holley is a designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley was founded in 1903 and is based in Bowling Green, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 CSAT Solutions

Houston, Texas, United States

CSAT Solutions is a provider of fully-integrated electronic and digital device diagnostics and repair solutions. CSAT serves diverse end markets such as consumer electronics, industrial equipment and components, and medical devices and equipment. CSAT Solutions wounded in 1987 and headquartered in Houston, Texas.

Sell -