M&A Deal Summary

Best Buy Acquires CST

On May 24, 2019, Best Buy acquired healthcare services company CST from Concentric Equity Partners and Dunrath Capital

Acquisition Highlights
  • This is Best Buy’s 2nd transaction in the Healthcare Services sector.
  • This is Best Buy’s 9th transaction in the United States.
  • This is Best Buy’s 1st transaction in Michigan.

M&A Deal Summary

Date 2019-05-24
Target CST
Sector Healthcare Services
Buyer(s) Best Buy
Sellers(s) Concentric Equity Partners
Dunrath Capital
Deal Type Add-on Acquisition

Target

CST

Novi, Michigan, United States
CST provides 24-hour personal emergency response (PERS) monitoring and related services to elderly or disabled individuals with medical and/or age-associated conditions. CST was founded in 2006 and is based in Novi, Michigan.

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Buyer(S) 1

Buyer

Best Buy

Richfield, Minnesota, United States

Category Company
Founded 1966
Sector Retail
Employees85,000
Revenue 41.5B USD (2025)
DESCRIPTION
Entrance to Best Buy's corporate headquarters in Richfield, Minnesota.
Entrance to Best Buy's corporate headquarters in Richfield, Minnesota.

Best Buy is a multi-channel consumer electronics retailer with stores in the United States, Canada, China, and Mexico. Best Buy also sells through its BestBuy.com website. Best Buy was founded in 1966 and is based in Richfield, Minnesota.


DEAL STATS #
Overall 12 of 12
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 11
State: Michigan M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 GreatCall

San Diego, California, United States

GreatCall, Inc. is a provider of connected health and personal emergency response services (PERS) for active aging, serving over 800,000 subscribers across the United States. GreatCall's product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services. GreatCall is headquartered in San Diego, California.

Buy $800M

Seller(S) 2

SELLER

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


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

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 19
Sector: Healthcare Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 6
State: Michigan M&A 1 of 1
Country: United States M&A 10 of 19
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Mountain Waste & Recycling

Carbondale, Colorado, United States

Mountain Waste & Recycling Inc. is a provider of waste and recycling services to residential, commercial and municipal customers. Mountain Waste & Recycling was founded in 2015 and is based in Carbondale, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Centerline Solutions

Golden, Colorado, United States

Centerline Solutions LLC is a provider of wireless infrastructure services to the telecommunications industry. Centerline Solutions was founded in 2003 and is based in Golden, Colorado.

Sell -
SELLER

Dunrath Capital

Western Springs, Illinois, United States

Investor Investor Investor


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

Dunrath Capital, Inc. is a 'research-based' private equity and strategic advisory firm. Dunrath's current area of interest is early and growth-stage investments in companies delivering infrastructure surety products and services. Dunrath invests in promising candidates across all stages development, with a particular emphasis in growth equity situations. Dunrath generally pursues companies located in the United States. Dunrath Capital is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 8
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Michigan M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Exadigm

Santa Ana, California, United States

ExaDigm is the leading innovator of modular IP-based wired and wireless point-of-sale (POS) terminal solutions.

Sell -