M&A Deal Summary |
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|---|---|
| Date | 2025-09-09 |
| Target | Groome Industrial Service Group |
| Sector | Business Services |
| Buyer(s) | Ariel Alternatives |
| Sellers(s) |
Argosy Private Equity
Ironwood Capital Seacoast Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Baird (Financial) |
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Ariel Alternatives is a private equity firm focused on acquiring profitable divestitures of large corporations and private businesses with $10 to $50 million of EBITDA. The Firm has a special interest in B2B services businesses that serve large public companies. Specific areas of interest include energy services, IT services, financial services, business services, and marketing services. Ariel Alternatives was formed in 2021 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: New Jersey M&A | 2 of 2 |
| Country: United States M&A | 4 of 4 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-30 |
My Code
Santa Monica, California, United States My Code provides digital media and advertising services for consumer brands and agencies seeking to reach multicultural audiences at scale. My Code was founded in 2015 and is based in Santa Monica, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 575M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 55 |
| Sector: Business Services M&A | 7 of 7 |
| Type: Secondary Buyout M&A Deals | 11 of 11 |
| State: New Jersey M&A | 3 of 3 |
| Country: United States M&A | 55 of 55 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-01-09 |
Rita s
Trevose, Pennsylvania, United States Rita's is an ice and frozen treat franchiser in the world with more than 600 stores. Rita's is aggressively expanding internationally with operating locations in the Philippines, Canada, and the Middle East. Rita's was founded in 1984 and is based in Trevose, Pennsylvania. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 55 |
| Sector: Business Services M&A | 5 of 5 |
| Type: Secondary Buyout M&A Deals | 13 of 13 |
| State: New Jersey M&A | 3 of 3 |
| Country: United States M&A | 55 of 55 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-19 |
Specialty Bakers
Marysville, Pennsylvania, United States Specialty Bakers produces branded and private label baked products such as French Twirls (Crème Horns), Dessert Shells, Cake Rolls, and Angel Food Cakes. The products are distributed primarily to grocery stores, mass merchants and other retailers for sale in their “in-store” bakery sections. Specialty Bakers was established in 1901 and is based in Marysville, Pennsylvania. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 600M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 23 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 10 of 10 |
| State: New Jersey M&A | 3 of 3 |
| Country: United States M&A | 23 of 23 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
SkinCure Oncology
Burr Ridge, Illinois, United States SkinCure Oncology provides a turnkey model for the delivery of Image-guided Superficial Radiation Therapy (IG-SRT), the most recent advanced/disruptive technology, for the treatment of non-melanoma skin cancers. SkinCure Oncology has partnered with quality-focused dermatologists and Mohs surgeons to bring cancer center level radiation therapy skin cancer treatment to physician offices. SkinCure Oncology is based in Burr Ridge, Illinois. |
Sell | - |
