M&A Deal Summary

American Securities Acquires ViaPath Technologies

On December 15, 2011, private equity firm American Securities acquired communications company ViaPath Technologies from Crescent Capital Group and Veritas Capital

Acquisition Highlights
  • This is American Securities’ 1st transaction in the Communications sector.
  • This is American Securities’ 38th transaction in the United States.
  • This is American Securities’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2011-12-15
Target ViaPath Technologies
Sector Communications
Buyer(s) American Securities
Sellers(s) Crescent Capital Group
Veritas Capital
Deal Type Secondary Buyout

Target

ViaPath Technologies

Falls Church, Virginia, United States
ViaPath Technologies is a provider of telecommunications and technology services to the United States corrections industry. ViaPath Technologies offers innovative product solutions including offender management systems, case management systems, and inmate phone systems. ViaPath Technologies was founded in 1989 and is based in Falls Church, Virginia.

Search 199,031 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) 1

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 39 of 80
Sector (Communications) 1 of 1
Type (Secondary Buyout) 15 of 37
State (Virginia) 2 of 5
Country (United States) 38 of 79
Year (2011) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Alkegen

Buffalo, New York, United States

Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-29 ASP Westward

Houston, Texas, United States

ASP Westward LP (dba Westward Communications) is a publisher of more than 60 community newspapers and related websites, targeted publications and digital products serving the Houston, East Texas, and Colorado Springs markets.

Sell -

Seller(S) 2

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 20 of 47
Sector (Communications) 2 of 3
Type (Secondary Buyout) 4 of 13
State (Virginia) 2 of 4
Country (United States) 16 of 40
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Lincoln Industrial

St. Louis, Missouri, United States

Lincoln Industrial Corp. manufactures and distributes lubrication and pumping systems. The company offers railroad lubrications, fittings and installation components, hose reels, grease guns, and fluid controls and systems. Additionally, it provides control valves and meters, and lubrication pumps such as air operated ejectors, thermal pressure devices, and pressure primers.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

Sell $1.6B
SELLER

Veritas Capital

New York, New York, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


DEAL STATS #
Overall 9 of 27
Sector (Communications) 2 of 2
Type (Secondary Buyout) 3 of 9
State (Virginia) 5 of 9
Country (United States) 9 of 27
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Vangent

Arlington, Virginia, United States

Vangent, Inc. is a premier provider of Consulting, Systems Integration, Human Capital Management and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions, student financial aid entities and corporations.

Sell $960M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Truven Health Analytics

Ann Arbor, Michigan, United States

Truven Health Analytics, Inc. is a provider of healthcare data and analytics solutions to constituents across the entire healthcare continuum, including federal and state government agencies, employers, health plans, hospitals, clinicians and pharmaceutical companies. Truven Health Analytics, Inc. is based in Ann Arbor, Michigan.

Buy $1.3B