M&A Deal Summary

Alpine Investors Acquires Medusind

On January 12, 2023, private equity firm Alpine Investors acquired business services company Medusind from H.I.G. Private Equity

Acquisition Highlights
  • This is Alpine Investors’ 9th transaction in the Business Services sector.
  • This is Alpine Investors’ 43rd transaction in the United States.
  • This is Alpine Investors’ 4th transaction in Florida.

M&A Deal Summary
Date 2023-01-12
Target Medusind
Sector Business Services
Buyer(s) Alpine Investors
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

Medusind

Miami, Florida, United States
Medusind is a provider of comprehensive end-to-end revenue cycle management solutions including practice management, eligibility, coding, claims processing, and value-added analytics. The Company’s medical expertise and technology solutions optimize the healthcare revenue cycle process, create operating efficiencies and ensure adherence to regulatory compliance requirements. It leverages a robust technology suite to offer tailored solutions supporting the needs of physicians, dental providers, hospitals, health plans, GPOs, third-party plan administrators, and other leading healthcare organizations. Medusind was formed in 2002 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.

DEAL STATS #
Overall 43 of 45
Sector (Business Services) 9 of 10
Type (Secondary Buyout) 2 of 2
State (Florida) 4 of 4
Country (United States) 43 of 45
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Ethisphere

Scottsdale, Arizona, United States

Ethisphere is a provider of IT solutions provides data-driven insights that help companies enhance corporate character. Ethisphere was founded in 2007 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Lightwave Dental

Woodbridge, Virginia, United States

Lightwave Dental is a management services partner for dental offices located in Virginia. Lightwave Dental is dedicated to providing the benefits of a larger dental group for the doctors and the staff without the drawbacks of traditional corporate dentistry. The company offers a low-touch, democratic approach to working with its dental partners that drives better results for doctors and a better experience for the staff. Lightwave Dental was founded in 2016 and is based in Woodbridge, Virginia.

Sell -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 155 of 175
Sector (Business Services) 18 of 19
Type (Secondary Buyout) 62 of 71
State (Florida) 17 of 19
Country (United States) 111 of 120
Year (2023) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-04 DCL

Toronto, Ontario, Canada

DCL Corporation is a global pigment supplier across a wide range of industries and end markets. DCL serves over 1,500 customers in 75 countries worldwide, including the top global paint manufacturers. The Company supplies and services large, sophisticated customers utilizing products in highly demanding applications, including global automotive coatings, architectural coatings, specialty inks, and consumer & industrial plastics. DCL Corporation was founded in 1946 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Classic Lifts

Rotherham, United Kingdom

Classic Lifts is a UK provider of lift engineering and maintenance services from seven branches across the UK. The business is passionate about using its local presence and technical expertise to deliver great customer service centered around the values of integrity, honesty, and reliability. Classic Lifts is based in Rotherham, United Kingdom.

Buy -
Mergr

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