Investment Summary

Avesi Partners Invests In Danforth Advisors

On December 17, 2021, private equity firm Avesi Partners invested in business services company Danforth Advisors from Stone-Goff Partners, Northwood Ventures and Capital Southwest

Investment Highlights
  • This is Avesi Partners’ 1st transaction in the Business Services sector.
  • This is Avesi Partners’ 1st transaction in the United States.
  • This is Avesi Partners’ 1st transaction in Massachusetts.

Investment Summary

Date 2021-12-17
Target Danforth Advisors
Sector Business Services
Investor(s) Avesi Partners
Sellers(s) Stone-Goff Partners
Northwood Ventures
Capital Southwest
Deal Type Stake Purchase
Advisor(s) Clearsight Advisors, Inc. (Financial)
Fredrikson & Byron (Legal)

Target

Danforth Advisors

Waltham, Massachusetts, United States
Danforth Advisors is an integrated and scalable “one-stop-shop” solution for life science companies for all operations from the controller through CFO performing activities ranging from accounting and operational finance services to financial planning and analysis, M&A and IPO readiness. Danforth Advisors has served as a strategic and trusted thought partner to over 300 clients across all stages of a company’s life cycle. Danforth Advisors was founded in 2011 and is based in Waltham, Massachusetts.

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Investor(S) 1

Investor

Avesi Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2021
PE ASSETS 875M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Avesi Partners is a private equity firm focused on acquiring and investing in profitable, mid-sized companies operating in the healthcare IT, healthcare services, and business services sectors. Target companies have at least $5 million of EBITDA and are valued between $50 and $300 million. Avesi Partners was formed in 2021 and is headquartered in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 2
Type (Stake Purchase) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 5
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 memoryBlue

Tysons, Virginia, United States

memoryBlue is a sales development consulting firm that specializes in helping a wide range of high-tech clients accelerate new business growth. The firm gives clients a competitive advantage in the reach and effectiveness of their sales development efforts. In addition to providing outsourced sales development, MB provides clients with a direct-hire offering, focused on placing candidates directly into technology sales roles, and a sales training service. memoryBlue was founded in 2002 and is based in Tysons, Virginia.

Buy -

Seller(S) 3

DESCRIPTION

Stone-Goff Partners is a private equity investment firm that acquires and builds lower middle-market companies. Specific areas of interest include marketing, media, education, healthcare services, industrial services, information services, consumer products and services, food and beverage, tourism, e-commerce and retail sectors. Stone-Goff Partners was established in 2006 and is headquartered in New York City.


DEAL STATS #
Overall 5 of 8
Sector (Business Services) 1 of 3
Type (Stake Purchase) 1 of 1
State (Massachusetts) 2 of 3
Country (United States) 5 of 8
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Spotlight

Kansas City, Missouri, United States

Spotlight is an analyst relations firm with more than a decade of experience supporting emerging software and enterprise technology companies in scaling their AR programs. The company provides an end-to-end solution that enables clients to enhance their go-to-market through this channel by shaping analysts’ perceptions of their products, which in turn influences key decision makers and technology buyers. Spotlight offers specialty AR consulting services and a proprietary software platform that allows internal AR teams to capture insights about their programs, provide action-oriented strategies, and form and track relationships with analysts in their industry to maximize the effectiveness of the sales channel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Centerline Communication

West Bridgewater, Massachusetts, United States

Centerline Communication provides turnkey wireless telecommunications infrastructure services to carriers, equipment suppliers, and tower operators. Services include project management and real estate services, outsourced maintenance services for HVAC and generator units at wireless sites, and general construction services including installation and equipment modification. Centerline provides services across the U.S., with a particularly strong presence in the Northeast and Mid-Atlantic markets. Centerline Communication was founded in 2006 and is based in West Bridgewater, Massachusetts.

Sell -
SELLER

Northwood Ventures

Syosset, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.


DEAL STATS #
Overall 48 of 49
Sector (Business Services) 2 of 2
Type (Stake Purchase) 4 of 4
State (Massachusetts) 2 of 3
Country (United States) 44 of 45
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 RelSci

New York, New York, United States

RelSci is a business development tool that maps your existing relationships to more than two million influential decision-makers in the business, finance, and nonprofit sectors. RelSci helps business and nonprofit organizations of all sizes make deals, sell services and products, and raise money.

Sell $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Centerline Communication

West Bridgewater, Massachusetts, United States

Centerline Communication provides turnkey wireless telecommunications infrastructure services to carriers, equipment suppliers, and tower operators. Services include project management and real estate services, outsourced maintenance services for HVAC and generator units at wireless sites, and general construction services including installation and equipment modification. Centerline provides services across the U.S., with a particularly strong presence in the Northeast and Mid-Atlantic markets. Centerline Communication was founded in 2006 and is based in West Bridgewater, Massachusetts.

Sell -
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 9 of 12
Sector (Business Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 9 of 12
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Vistar Media

New York, New York, United States

Vistar Media is a provider of advertising technology services to the digital out-of-home industry. Vistar Media was founded in 2011 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-29 Gexpro

Coppell, Texas, United States

Gexpro is a distributor of electrical parts and components for construction, industrial, and energy solutions markets. Gexpro Services supply a wide range of electrical supplies and productivity solutions for electricians, contractors, and industrial plants. Gexpro carries everything from lighting components, motors, circuit breakers, and tools to electrical wiring, conduit, automation solutions, and solar panels. Gexpro is based in Coppell, Texas.

Sell -