M&A Deal Summary

Baymark Partners and Source Capital Acquire Eastern Datacomm

On July 20, 2020, private equity firms Baymark Partners and Source Capital acquired information technology company Eastern Datacomm

Acquisition Highlights
  • This is Baymark Partners’ 2nd and Source Capital’s 1st transaction in the Information Technology sector.
  • This is Baymark Partners’ 10th and Source Capital’s 26th transaction in the United States.
  • This is Baymark Partners’ 2nd and Source Capital’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2020-07-20
Target Eastern Datacomm
Sector Information Technology
Buyer(s) Baymark Partners
Source Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Generational Equity LLC (Financial)

Target

Eastern Datacomm

Hackensack, New Jersey, United States
Eastern Datacomm is a provider of integrated communication and security systems with a key focus on the K-12 education sector. EDI serves as strategic communication and technology partner for companies across multiple sectors. EDI’s signature offering is its patented Lockdown & Emergency Notification System (“LENS”), which integrates multiple communications technologies to provide an automated lockdown and emergency notification solution for schools. Eastern DataComm was founded in 1988 and is based in Hackensack, New Jersey.

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Buyer(S) 2

Buyer

Baymark Partners

Plano, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Baymark Partners is a private equity group focused on acquiring smaller growth companies that can expand into mid-sized businesses. Baymark generally looks for companies that are breakeven or have up to $20 million in EBITDA. Sectors of interest include business services, IT outsourcing and medical/healthcare services. Baymark prefers opportunities in Texas and neighboring states. Baymark Partners is based in Dallas.

DEAL STATS #
Overall 10 of 14
Sector (Information Technology) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 10
State (New Jersey) 2 of 2
Country (United States) 10 of 14
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 United States Appraisals

Overland Park, Kansas, United States

United States Appraisals provides a comprehensive suite of residential valuation products to mortgage lenders. The company provides its clients with an appraisal solution that delivers 100% compliance, superior customer service, unprecedented quality, and industry-leading turn times. United States Appraisals was formed in 2008 and is based in Overland Park, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Swanson Fire Protection

Jacksonville, Florida, United States

Swanson Fire Protection is a designer, installer, and maintenance provider of fire and sprinkler systems within the regional marketplace. SFP provides the installation of new fire protection systems such as sprinkler and fire suppression systems. Swanson Fire Protection was founded in 2002 and is based in Jacksonville, Florida.

Buy -
Buyer

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 26 of 38
Sector (Information Technology) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 15 of 20
State (New Jersey) 1 of 1
Country (United States) 26 of 38
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Cheeze Kurls

Walker, Michigan, United States

Cheeze Kurls is a private label snack food manufacturing company, with a focus on popcorn, cheese puffs and balls, and other salty snacks. Cheeze Kurls was founded in 1964 and based in Walker, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 BlueAlly

Cary, North Carolina, United States

BlueAlly is a provider of IT services and solutions focused on serving customers’ infrastructure and security needs. BlueAlly was founded in 2011 and is based in Cary, North Carolina.

Buy -
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