M&A Deal Summary

Audax Private Equity Acquires DISA

On September 12, 2022, private equity firm Audax Private Equity acquired business services company DISA from Court Square Capital Partners

Acquisition Highlights
  • This is Audax Private Equity’s 11th transaction in the Business Services sector.
  • This is Audax Private Equity’s 150th transaction in the United States.
  • This is Audax Private Equity’s 16th transaction in Texas.

M&A Deal Summary

Date 2022-09-12
Target DISA
Sector Business Services
Buyer(s) Audax Private Equity
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
Dechert (Legal)

Target

DISA

Houston, Texas, United States
DISA specializes in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. DISA was founded in 1986 and is based in Houston, Texas.

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Buyer(S) 1

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 158 of 168
Sector (Business Services) 11 of 11
Type (Secondary Buyout) 69 of 72
State (Texas) 16 of 16
Country (United States) 150 of 159
Year (2022) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 WellSpring Consumer Healthcare

Sarasota, Florida, United States

WellSpring Consumer Healthcare is a marketer of over-the-counter and cosmetic brands in the skincare, feminine hygiene, and gastrointestinal care categories. WellSpring’s portfolio includes Bactine, Bonine, FDS, Emetrol, Micatin, Gelusil, Glaxal Base, Barriere, and K-Lyte. WellSpring Consumer Healthcare was founded in 1999 and is based in Sarasota, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Medi-Weightloss

Tampa, Florida, United States

Medi-Weightloss offers customized weight-loss programs designed to address obesity and other related diseases, including heart disease, stroke, type-2 diabetes, and other specific conditions generally covered by commercial insurance payors. The Company also sells a line of proprietary nutritional supplements, healthy-food products, and vitamins that treat comorbidities caused by obesity. Medi-Weightloss was formed in 2005 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 53 of 56
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 17 of 18
State (Texas) 6 of 6
Country (United States) 50 of 53
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 West Coast Dental & Orthodontics

Los Angeles, California, United States

West Coast Dental is a provider of multi-specialty dental and orthodontic care primarily servicing the Southern Californian market. Through its 40 state-of-the-art dental care practices across the state of California, it provides the highest standard of care to over 425,000 patient visits each year using the latest technologies with a team of talented general dentists and specialists. West Coast Dental was formed in 1991 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Celerion

Lincoln, Nebraska, United States

Celerion is a clinical research organization that provides comprehensive clinical trial solutions to pharmaceutical and biotechnology clients conducting early clinical research throughout North America, Europe, and Asia. The Company serves its clients through a global network of facilities with a focus on applied translational medicine. Celerion was founded in 2010 and is based in Lincoln, Nebraska.

Sell -