M&A Deal Summary

Armatage Capital and Anacapa Partners Acquire Meridian Title

On March 8, 2021, search fund Armatage Capital and private equity firm Anacapa Partners acquired business services company Meridian Title

Acquisition Highlights
  • This is Armatage Capital’s 1st and Anacapa Partners’ 3rd transaction in the Business Services sector.
  • This is Armatage Capital’s 1st and Anacapa Partners’ 9th transaction in the United States.
  • This is Armatage Capital’s 1st and Anacapa Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2021-03-08
Target Meridian Title
Sector Business Services
Buyer(s) Armatage Capital
Anacapa Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Meridian Title

South Bend, Indiana, United States
Meridian Title facilitates residential and commercial transactions across the country with 34 offices in Indiana and Michigan. The company works with real estate brokers, banks, attorneys, builders, and individual home buyers and sellers to deliver streamlined and on-time closings for any type of real estate transaction. Meridian Title was founded in 1938 and is based in South Bend, Indiana.

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Buyer(S) 2

DESCRIPTION

Armatage Capital is a search fund that seeks to acquire a profitable, lower middle-market business with $5 to $60 million of revenue. Sectors of interest include business services, technology, and SaaS where there is high industry fragmentation, low seasonality, and no dominant brand. Armatage will consider a variety of situations including owner seeking full or partial liquidity or wanting lesser business involvement. Armatage Capital is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
DESCRIPTION

Anacapa Partners is a private investment firm focused on backing search fund investments. Anacapa looks to invest in operating companies that have been identified by principals operating within the search fund business model and the Firm takes an active role in assisting search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies. Anacapa doesn't have any industry preferences. Anacapa Partners was formed in 2010 and is headquartered in San Mateo, California.


DEAL STATS #
Overall 14 of 15
Sector: Business Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 8
State: Indiana M&A 1 of 1
Country: United States M&A 9 of 10
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Agasus

Sao Paulo, Brazil

Agasus provides outsourcing and IT solutions. Agasus shares hardware and intelligence to develop customized solutions for each client, as needed, regardless of their area of ​​expertise. Agasus was founded in 2000 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Morningside Translations

New York, New York, United States

Morningside Translations offers outsourced language service with a focus on patent and IP translations. Morningside Translations was founded in 2000 and is based in New York City.

Sell -