M&A Deal Summary

American Securities and Leonard Green & Partners Acquire North American Partners in Anesthesia

On April 19, 2016, private equity firms American Securities and Leonard Green & Partners acquired healthcare services company North American Partners in Anesthesia from NexPhase Capital

Acquisition Highlights
  • This is American Securities’ 3rd and Leonard Green & Partners’ 5th transaction in the Healthcare Services sector.
  • This is American Securities’ 48th and Leonard Green & Partners’ 56th transaction in the United States.
  • This is American Securities’ 6th and Leonard Green & Partners’ 7th transaction in New York.

M&A Deal Summary
Date 2016-04-19
Target North American Partners in Anesthesia
Sector Healthcare Services
Buyer(s) American Securities
Leonard Green & Partners
Sellers(s) NexPhase Capital
Deal Type Recapitalization
Advisor(s) Moelis & Co. (Financial)
McDermott Will & Emery (Legal)

Target

North American Partners in Anesthesia

Melville, New York, United States
North American Partners in Anesthesia is a single specialty anesthesia and perioperative management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. North American Partners in Anesthesia was founded in 1986 and is based in Melville, New York.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 49 of 80
Sector (Healthcare Services) 3 of 4
Type (Recapitalization) 3 of 3
State (New York) 6 of 7
Country (United States) 48 of 79
Year (2016) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Robertson Fuel Systems

Tempe, Arizona, United States

Robertson Fuel Systems LLC is a provider of crashworthy, ballistically self-sealing, single-point pressure refuelable auxiliary fuel systems for rotorcraft.

Sell $255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Blue Bird

Macon, Georgia, United States

Blue Bird is a designer and manufacturer of school buses, with more than 550,000 buses sold since its formation and approximately 180,000 buses in operation today. Blue Bird’s longevity and reputation in the school bus industry have made it an iconic American brand. Blue Bird distinguishes itself from its principal competitors by its singular focus on the design, engineering, manufacture, and sale of school buses and related parts. As the only manufacturer of chassis and body production specifically designed for school bus applications, Blue Bird is recognized as an industry leader for school bus innovation, safety, product quality/reliability/durability, operating costs and drivability. Blue Bird was founded in 1927 and is based in Macon, Georgia.

Buy -
Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 58 of 102
Sector (Healthcare Services) 5 of 11
Type (Recapitalization) 5 of 8
State (New York) 7 of 10
Country (United States) 56 of 94
Year (2016) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Insight Global

Atlanta, Georgia, United States

Insight Global is a provider of employment solutions to Fortune 500 customers across the United States and Canada. Insight Global provides long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Insight Global was founded in 2001 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-27 ExamWorks

Atlanta, Georgia, United States

ExamWorks is a provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management and related services. The Company operates in the United States, United Kingdom, Australian and Canadian markets through its global network of independently-contracted credentialed physicians. ExamWorks was founded in 2007 and is based in Atlanta, Georgia.

Buy $2.2B

Seller(S) 1

SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 5 of 22
Sector (Healthcare Services) 1 of 2
Type (Recapitalization) 1 of 1
State (New York) 1 of 2
Country (United States) 5 of 21
Year (2016) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Flexible Architecture and Simplified Technology

Iselin, New Jersey, United States

Flexible Architecture and Simplified Technology LLC (FAST) is a provider of core software solutions including policy administration, new business, underwriting, distribution management and claims processing to the insurance industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Wyle

El Segundo, California, United States

Wyle, Inc. is a government services contractor focusing primarily on Defense and Federal IT services. The Company services include system engineering, acquisition support, information technology & cyber security, scientific services and test and evaluation services.

Sell $570M
Mergr

Product

Company

Legal