M&A Deal Summary

Afimac Acquires Agility

On November 30, 2023, Afimac acquired business services company Agility from Generation Partners, LLR Partners and Golub Capital

Acquisition Highlights
  • This is Afimac’s 1st transaction in the Business Services sector.
  • This is Afimac’s 1st transaction in the United States.
  • This is Afimac’s 1st transaction in Nevada.

M&A Deal Summary

Date 2023-11-30
Target Agility
Sector Business Services
Buyer(s) Afimac
Sellers(s) Generation Partners
LLR Partners
Golub Capital
Deal Type Add-on Acquisition
Advisor(s) Stifel (Financial)

Target

Agility

Las Vegas, Nevada, United States
Agility provides business continuity and disaster recovery solutions to businesses of all sizes, including access to power generators, office space, communications, and computer systems. Agility Recovery was founded in 1989 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Afimac

Guelph, Ontario, Canada

Category Company
Sector Safety/Security
DESCRIPTION

Afimac offers staffing, emergency response, security, risk management, and other business continuity services to image-conscious companies across North America. It offers an assortment of human capital solutions, pre-crisis contingency planning, and premium security and emergency response services to businesses representing nearly every industry. Afimac is based in Guelph, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Nevada M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 3

SELLER

Generation Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Generation Partners is a private equity firm focused on investing in growth companies at various stages of development. Generation looks to commit $20 to $100 million of equity capital per investment. The Firm is a hands-on investor, helping managers take their companies to the next level. Areas of interest include business services, information services, consumer services, media, communications, entertainment, healthcare services, and technology. Generation will consider both majority and minority positions. Generation Partners was formed in 1995 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 15 of 16
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 7
State: Nevada M&A 1 of 1
Country: United States M&A 15 of 16
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-26 Captivate

New York City, Massachusetts, United States

Captivate Network operates a digital out-of-home advertising network that installs video screens primarily in elevators and lobbies of office buildings, multifamily and student housing properties and delivers curated news, entertainment and advertising content to viewers where they live or work. Captivate was founded in 1997 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-17 Post University

Waterbury, Connecticut, United States

Post University offers undergraduate, graduate, and certificate programs through both on-campus and online formats. Post University provides a variety of degree paths across areas such as business, nursing & health sciences, arts and sciences, and public service & education. Post University was founded in 1890 and is based in Waterbury, Connecticut.

Sell -
SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 71 of 76
Sector: Business Services M&A 6 of 8
Type: Add-on Acquisition M&A Deals 45 of 47
State: Nevada M&A 2 of 2
Country: United States M&A 70 of 75
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 WennSoft

New Berlin, Wisconsin, United States

WennSoft is a provider of end-to-end field services software and solutions. The Company’s platform offers highly tailored vertical solutions based on extensive field services operations expertise and enables customers to manage and streamline the installation, maintenance and repair processes with a strong emphasis in mobility. WennSoft was founded in 1995 and is based in New Berlin, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 PCS Retirement

Beaverton, Oregon, United States

PCS Retirement is a conflict-free retirement services platform automating the sale, design, valuation and management of retirement plans. PCS offers its services to over 800 channel partners to deliver a customizable platform ideally suited for registered investment advisors, independent broker dealers and investment management firms serving the retirement ecosystem. PCS Retirement was founded in 2001 and is based in Beaverton, Oregon.

Sell -
SELLER

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 1994
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.


DEAL STATS #
Overall 41 of 43
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 19 of 19
State: Nevada M&A 2 of 2
Country: United States M&A 39 of 41
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Pirtek UK

London, United Kingdom

Pirtek UK is a provider of fluid transfer solutions and on-site repairs. Specializing in hydraulic hoses, pipe fittings & couplings. Pirtek offers a comprehensive range of fluid transfer solutions, products & services to industries including Agriculture; Automotive; Construction & Plant Hire; Defence; Environmental; Services; Manufacturing; Marine & Offshore; Material Handling; Mining & Quarrying; Transport & Logistics; Utilities. Pirtek UK was founded in 1988 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Tropical Smoothie Cafe

Atlanta, Georgia, United States

Tropical Smoothie Cafe is a franchisor of fast-casual cafes with over 1,400 locations in 44 states. It serves smoothies, wraps, sandwiches, and flatbreads across multiple dayparts. Tropical Smoothie Cafe was founded in 1997 and is headquartered in Atlanta, Georgia.

Sell -