M&A Deal Summary

Behrman Capital Acquires Vista Apex

On April 10, 2024, private equity firm Behrman Capital acquired medical products company Vista Apex from Avante Capital Partners and Inverness Graham Investments

Acquisition Highlights
  • This is Behrman Capital’s 1st transaction in the Medical Products sector.
  • This is Behrman Capital’s 29th transaction in the United States.
  • This is Behrman Capital’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2024-04-10
Target Vista Apex
Sector Medical Products
Buyer(s) Behrman Capital
Sellers(s) Avante Capital Partners
Inverness Graham Investments
Deal Type Secondary Buyout

Target

Vista Apex

Racine, Wisconsin, United States
Vista Apex is a manufacturer of consumable dental products for preventative oral hygiene, endodontics, and restorative dentistry. Vista Apex was founded in 1997 and is based in Racine, Wisconsin.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Behrman Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.


DEAL STATS #
Overall 29 of 29
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 10
State: Wisconsin M&A 1 of 1
Country: United States M&A 29 of 29
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 George Industries

Endicott, New York, United States

George Industries is a designer, developer, and manufacturer of mission-critical engineered components for the aerospace, defense, transportation, and industrial sectors. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, artwork, photography, silk screening, laser cutting and mechanical assembly. George Industries was founded in 1954 and is based in Endicott, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 kSARIA

Methuen, Massachusetts, United States

kSARIA brings extensive process technology and engineering expertise to the high-reliability connectivity industry, offering interconnect products and services with superior performance, quality and value. The Company’s product offering includes high-reliability optical fiber, expanded beam fiber optic, copper, and RF cable assemblies and harnesses. Additionally, the Company offers custom fiber optic flex circuits for avionic and backplane applications and it also provides complementary services such as cable assembly design, qualification testing, installation, training, and logistics management. kSARIA was formed in 2000 and is based in Methuen, Massachusetts.

Sell $475M

Seller(S) 2

SELLER

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 19 of 22
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 11
State: Wisconsin M&A 3 of 3
Country: United States M&A 19 of 22
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Biologos

Montgomery, Illinois, United States

Biologos is a provider of sterile-filtered biological products (sera, reagents, buffers, cell culture media and other liquid solutions), primarily for veterinary pharmaceutical and organ transplant applications. Biologos was founded in 1976 and is based in Montgomery, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Go Local

Overland Park, Kansas, United States

Go Local is a provider of digital marketing services, including organic, paid, and web solutions, primarily serving clients in the self-storage, home services, multi-family, and senior living industries. Go Local specializes in helping its clients build and maintain a strong local digital presence through search engine optimization, local listing optimization (e.g. Google Maps), content creation, paid media, and website development. Go Local was founded in 2011 and is headquartered in Overland Park, Kansas

Buy -
SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.


DEAL STATS #
Overall 17 of 19
Sector: Medical Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 9
State: Wisconsin M&A 2 of 2
Country: United States M&A 17 of 19
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 BenefitHub

New York City, New York, United States

BenefitHub provides a voluntary benefits and employee engagement platform serving over 10M employees, many of which are employed at global Fortune 1000 enterprise customers including Amazon, Walmart, Lowe’s, Johnson & Johnson, American Airlines, UPS, AT&T and Target. BenefitHub’s cloud-based technology platform enables employers the ability to offer their workforce with access to a large portfolio of voluntary benefits solutions, insurance products and discounted consumer goods and services, improving recruitment and employee retention. BenefitHub was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 SwipeClock

South Jordan, Utah, United States

SwipeClock provides cloud‐based integrated workforce management software solutions that include automated time and attendance and advanced scheduling. SwipeClock was founded in 1999 and is based in South Jordan, Utah.

Sell -