M&A Deal Summary

Blackhawk Network Acquires NGC US

On November 6, 2020, Blackhawk Network acquired business services company NGC US from LaSalle Capital

Acquisition Highlights
  • This is Blackhawk Network’s 3rd transaction in the Business Services sector.
  • This is Blackhawk Network’s 12th transaction in the United States.
  • This is Blackhawk Network’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2020-11-06
Target NGC US
Sector Business Services
Buyer(s) Blackhawk Network
Sellers(s) LaSalle Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

NGC US

Crystal Lake, Illinois, United States
NGC US LLC is a provider of prepaid payments and secure gift card fulfillment solutions for loyalty, rewards, and incentive programs. The Company sources and delivers 500+ brands of physical and digital gift cards across the United States, Canada, and Europe using the industry’s highest levels of security, quality, and speed. NGC US was founded in 2004 and is based in Crystal Lake, Illinois.

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Buyer(S) 1

Buyer

Blackhawk Network

Pleasanton, California, United States

Category Company
Founded 2001
Sector Information Technology
Employees2,331
Revenue 1.8B USD (2016)
DESCRIPTION

Blackhawk Network is a global financial technology company and is connecting brands and people through branded value solutions. Blackhawk platforms and solutions enable the management of stored value products, promotions and rewards programs in retail, ecommerce, financial services and mobile wallets. Blackhawk’s Hawk Commerce division offers technology solutions to businesses and direct to consumers. The Hawk Incentives division offers enterprise, SMB and reseller partners an array of platforms and branded value products to incent and reward consumers, employees and sales channels. Blackhawk Network was founded in 2001 and is based in Pleasanton, California.


DEAL STATS #
Overall 15 of 16
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 13 of 14
State (Illinois) 2 of 2
Country (United States) 12 of 13
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Achievers

San Francisco, California, United States

Achievers is a provider of employee recognition and rewards solutions designed to help companies increase employee engagement. Achievers delivers an employee success platform™ that enables social recognition, which dramatically increases employee engagement and drives business success. Achievers was founded in 1995 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Tango Card

Seattle, Washington, United States

Tango Card is a cloud-based digital gift card and incentives platform for enterprise customers providing employee rewards and customer incentives & rebates. Tango Card was founded in 2009 and is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 30 of 31
Sector (Business Services) 11 of 11
Type (Add-on Acquisition) 8 of 8
State (Illinois) 4 of 4
Country (United States) 28 of 29
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-23 Professional Recovery Consultants

Durham, North Carolina, United States

Professional Recovery Consultants is a revenue cycle management company serving hospitals, physician groups, and other constituents in the healthcare community and to a limited extent, governments, utilities, and retailers. Professional Recovery Consultants is based in Durham, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 BOF

Aurora, Illinois, United States

BOF is a manufacturer of customized gravity-flow merchandising solutions serving the retail industry. BOF was founded in 1953 and is based in Aurora, Illinois.

Buy -