M&A Deal Summary

Arsenal Capital Partners Acquires Knowtion Health

On August 22, 2024, private equity firm Arsenal Capital Partners acquired business services company Knowtion Health from Sunstone Partners

Acquisition Highlights
  • This is Arsenal Capital Partners’ 4th transaction in the Business Services sector.
  • This is Arsenal Capital Partners’ 50th transaction in the United States.
  • This is Arsenal Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2024-08-22
Target Knowtion Health
Sector Business Services
Buyer(s) Arsenal Capital Partners
Sellers(s) Sunstone Partners
Deal Type Secondary Buyout

Target

Knowtion Health

Boca Raton, Florida, United States
Knowtion Health helps major health systems and hospitals across the U.S. recover maximum dollars from all types of third party-payer claims. Specializing in denials, complex claims, and RCM optimization, RSource deploys an experienced, tech-enabled team to customize receivables management solutions. Knowtion Health’s programs are designed to accelerate and maximize netback, enhance patient satisfaction, and provide actionable feedback to improve front-end processes. Knowtion Health was formed in 2008 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.


DEAL STATS #
Overall 57 of 57
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 15 of 15
State (Florida) 2 of 2
Country (United States) 50 of 50
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Poly Wood

Syracuse, Indiana, United States

Poly Wood is a manufacturer of eco-friendly outdoor furniture and accessories, mostly made from HDPE recycled plastic lumber or aluminum. Poly Wood was founded in 1990 and is based in Syracuse, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Accumen

Scottsdale, Arizona, United States

Accumen is a healthcare performance partner providing end-to-end strategy and services to drive value and long-term sustainability for the clinical lab, outreach services, patient blood management, and imaging services. Accumen was founded in 2011 and is based in Scottsdale, Arizona.

Sell -

Seller(S) 1

SELLER

Sunstone Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2015
PE ASSETS 800M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Sunstone Partners is a private investment firm focused on growth equity investments in and majority buyouts of tech companies. The Firm targets opportunities throughout North American and seeks businesses with at least $10 million in revenues and at least 20% of yearly growth. Sunstone Partners was formed in 2015 from a team that previously worked together at Trident Capital. The Firm is based in San Mateo, California.


DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Florida) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Accuhealth

McAllen, Texas, United States

Accuhealth is a distinguished Healthcare Technology company is at the forefront of innovation in RPM and CCM. Accuhealth’s solution revolutionizes primary physician care both within clinical settings and the comfort of patients’ homes. With seamless access to real-time vital information, physicians can enhance patient outcomes, elevate satisfaction levels, and reduce overall healthcare costs. Accuhealth was founded in 2018 and is based in McAllen, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-22 KMS Technology

Atlanta, Georgia, United States

KMS Technology is a provider of digital engineering, data, AI, and consulting services. KMS Technology was founded in 2009 and is based in Atlanta, Gerogia.

Buy -