M&A Deal Summary

Audax Private Equity and Five Points Capital Acquire Belmont Medical Technologies

On December 18, 2017, private equity firms Audax Private Equity and Five Points Capital acquired healthcare services company Belmont Medical Technologies

Acquisition Highlights
  • This is Audax Private Equity’s 13th and Five Points Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Audax Private Equity’s 103rd and Five Points Capital’s 67th transaction in the United States.
  • This is Audax Private Equity’s 9th and Five Points Capital’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2017-12-18
Target Belmont Medical Technologies
Sector Healthcare Services
Buyer(s) Audax Private Equity
Five Points Capital
Deal Type Recapitalization
Advisor(s) Mirus Capital Advisors (Financial)
Mintz Levin Cohn Ferris Glovsky and Popeo PC (Legal)

Target

Belmont Medical Technologies

Billerica, Massachusetts, United States
Belmont Medical Technologies is a provider of fluid management and patient temperature management solutions for use worldwide in medical facilities, military combat fields, and EMS settings. Belmont Medical Technologies was formed in 1980 and is based in Billerica, Massachusetts.

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Buyer(S) 2

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 107 of 167
Sector (Healthcare Services) 13 of 18
Type (Recapitalization) 10 of 15
State (Massachusetts) 9 of 13
Country (United States) 103 of 158
Year (2017) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Astrodyne TDI

Hackettstown, New Jersey, United States

Astrodyne TDI is a designer, manufacturer, and distributor of AC/DC power supplies, DC/DC converters, and external and wall-mount power adapters through catalog, direct sales, and internet. Astrodyne TDI was founded in 1994 and is based in Hackettstown, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Broadcast Electronics

Quincy, Illinois, United States

Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market.

Sell -
Buyer

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 67 of 89
Sector (Healthcare Services) 2 of 5
Type (Recapitalization) 19 of 21
State (Massachusetts) 3 of 3
Country (United States) 67 of 89
Year (2017) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Randazzo Mechanical Heating & Cooling

Macomb, Michigan, United States

Randazzo Mechanical Heating & Cooling is a provider of non-discretionary, residential heating, ventilation, and air conditioning replacement and maintenance services. Randazzo Mechanical Heating & Cooling is based in Macomb, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Winmo

Atlanta, Georgia, United States

Winmo is a provider of sales intelligence content used by business development professionals who target national advertisers and their agencies across the U.S. and the U.K. The company provides participants in the advertising sales market with a proprietary dataset allowing them to quickly identify and engage the most relevant advertising, media and marketing decision makers at the largest brands, their respective agencies and advertising technology partners. The dataset is delivered through a software-as-a-service platform that seamlessly integrates into business development professionals’ daily workflow. Winmo was founded in 1995 and is based in Atlanta, Georgia.

Buy -
Mergr

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Company

Legal