M&A Deal Summary

Aquiline Capital Partners Acquires In-Shape

On December 16, 2020, private equity firm Aquiline Capital Partners acquired consumer services company In-Shape from Fremont Private Holdings and Pulse Equity Partners

Acquisition Highlights
  • This is Aquiline Capital Partners’ 1st transaction in the Consumer Services sector.
  • This is Aquiline Capital Partners’ 37th transaction in the United States.
  • This is Aquiline Capital Partners’ 10th transaction in California.
Investment Fate
  • In-Shape was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2020-12-16
Target In-Shape
Sector Consumer Services
Buyer(s) Aquiline Capital Partners
Sellers(s) Fremont Private Holdings
Pulse Equity Partners
Deal Type Special Situations/Distressed

Target

In-Shape

Stockton, California, United States
In-Shape owns and operates health club companies with a vision for helping people stay healthy and have fun. In-Shape was founded in 1981 and is based in Stockton, California.

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Buyer(S) 1

Buyer

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 51 of 72
Sector: Consumer Services M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: California M&A 10 of 13
Country: United States M&A 37 of 53
Year: 2020 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Wellington Insurance Group

Fort Worth, Texas, United States

Wellington Insurance Group is a full-service managing general agent platform deploying third-party admitted capacity in the Texas residential property insurance market. The company provides insurance carriers with a range of services including product design, pricing, underwriting, policy issuance, policy administration, billing, premium finance, and claims adjusting and administration. Wellington Insurance Group was founded in 1988 and is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 SageView Advisory

Newport Beach, California, United States

SageView Advisory is an independent SEC-registered investment advisor (RIA) that advises its clients on over $170 billion in assets, representing more than 1,700 institutions and over 6,000 households. SageView Advisory was formed in 1989 and is based in Newport Beach, California.

Buy -

Seller(S) 2

DESCRIPTION

Fremont Private Holdings is the direct private investment arm of family office Fremont, which represents the Bechtel family. Fremont Private Holdings looks to make platform investments of $30 to $100 million in growing family and founder-owned operating businesses generating $15 million to $50 million in EBITDA. Sectors of interest include industrials, manufacturing, business services, consumer, and retail. Fremont will consider majority or minority positions and generally pursues companies exhibiting defensible market positions, experienced management in place, and consistent profitability. Fremont Private Holdings is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Porthaven Care Homes

Windsor, United Kingdom

Porthaven Care Homes is a developer and operator of purpose-built premium quality care homes for the frail elderly and those living with dementia, focusing predominantly on the self-pay market. Porthaven Care Homes was founded in 2010 and is based in Windsor, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Hunter Truck

Butler, Pennsylvania, United States

Hunter Truck provides trucking solutions. Hunter Truck was founded in 1938 and is based in Butler, Pennsylvania.

Buy -
SELLER

Pulse Equity Partners

Brooklyn, New York, United States

Category Growth Capital Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Pulse Equity Partners is a specialist investor in health and wellness companies. Pulse targets healthcare service businesses, companies that promote active lifestyles, and nutrition. The Firm looks to commit $20 to $100 million per investment in the form of growth capital and to support consolidation strategies. Pulse Equity Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Services M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 Prospira PainCare

Roswell, Georgia, United States

Prospira PainCare is an interventional pain management practice delivering treatment for chronic pain through comprehensive, interdisciplinary programs targeting a large and underserved market. Prospira PainCare was founded in 2012 and is based in Roswell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-06 PhysicianOne Urgent Care

Brookfield, Connecticut, United States

PhysicianOne Urgent Care is a physician-owned urgent care provider. UCC’s clinics are conveniently open 365 days and are staffed by board certified/eligible physicians. X-ray, lab, and pharmacy services are available at all times and the clinics are equipped to treat patients of all ages. PhysicianOne Urgent Care was founded in 2008 and is based in Brookfield, Connecticut.

Sell -