M&A Deal Summary

Beekman Group Acquires Convenient Brands

On March 18, 2019, private equity firm Beekman Group acquired information technology company Convenient Brands

Acquisition Highlights
  • This is Beekman Group’s 1st transaction in the Information Technology sector.
  • This is Beekman Group’s 16th transaction in the United States.
  • This is Beekman Group’s 2nd transaction in Utah.

M&A Deal Summary
Date 2019-03-18
Target Convenient Brands
Sector Information Technology
Buyer(s) Beekman Group
Deal Type Recapitalization

Target

Convenient Brands

Draper, Utah, United States
Convenient Brands is an advanced technology provider of end-to-end payment solutions, integration platforms, and stored-value products for private and public sectors, in person, and online. Convenient Brands was founded in 2012 and is based in Draper, Utah.

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Buyer(S) 1

Buyer

Beekman Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Beekman Group, LLC is a private equity firm that invests in small to mid-sized healthcare, consumer, business, and financial services companies. TBG focuses on companies with revenues between $10 to $300 million. Beekman looks to invest $20 to $150 million per transaction. Specific areas of interest include hospital services, dental services, home care, outsourcing services, restaurants, specialty retail, consumer packaged goods, food and food services, infrastructure, education and training, logistics and distribution, insurance, specialty finance, community banking, and asset management. Target transaction types include MBOs, recapitalizations, consolidations, growth capital financings, corporate spin-offs, and special situations. The Beekman Group was formed in 2004 and is based in New York City.

DEAL STATS #
Overall 18 of 27
Sector (Information Technology) 1 of 1
Type (Recapitalization) 5 of 8
State (Utah) 2 of 2
Country (United States) 16 of 25
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Simply Beautiful Smiles

Langhorne, Pennsylvania, United States

Simply Beautiful Smiles is a regional dental service organization. Simply Beautiful Smiles operates 20 locations in New Jersey, providing high-quality general dentistry, hygiene, and specialty services. Simply Beautiful Smiles was founded in 2000 and is based in Langhorne, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Active Pro Rehab Partners

Cranford, New Jersey, United States

Active Pro Rehab Partners is a provider of physical and occupational therapy services through its highly qualified, licensed professionals. Active Pro Rehab Partners was established in 1980 and is based in Cranford, New Jersey.

Buy -
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