M&A Deal Summary

Advantage Capital Partners Acquires WorkforceQA

On January 1, 2016, growth capital firm Advantage Capital Partners acquired business services company WorkforceQA

Acquisition Highlights
  • This is Advantage Capital Partners’ 9th transaction in the Business Services sector.
  • This is Advantage Capital Partners’ 204th transaction in the United States.
  • This is Advantage Capital Partners’ 5th transaction in Utah.
Investment Fate
  • WorkforceQA was recapitalized in 2021.

M&A Deal Summary

Date 2016-01-01
Target WorkforceQA
Sector Business Services
Buyer(s) Advantage Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

WorkforceQA

Salt Lake City, Utah, United States
WorkforceQA is a third-party administrator of DOT drug and alcohol testing, employee screening, and CSA compliance services. The company provides MRO, collection, and TPA services to thousands of employers across the country. WorkforceQA founded in 2006 and is based in Salt Lake City, 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 205 of 329
Sector: Business Services M&A 9 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 45
State: Utah M&A 5 of 11
Country: United States M&A 204 of 325
Year: 2016 M&A 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 NovaTract

New Haven, Connecticut, United States

NovaTract is a developer of a specialized, next-generation surgical tool, based upon technology licensed from Yale University.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 American GreenFuels

New Haven, Connecticut, United States

American GreenFuels is a producer of high-quality biodiesel in the Northeast US to meet the growing regional demand for biodiesel in home heating and transportation fuels, to provide energy, and promote environmental responsibility. American GreenFuels was founded in 2004 and is based in New Haven, Connecticut.

Sell -