Growth Capital • Business Services

BlackRock LTPC Invests In Alacrity Solutions

On February 2, 2023, private equity firm BlackRock LTPC invested in business services company Alacrity Solutions from Kohlberg & Company

Investment Context
  • This is BlackRock LTPC’s 1st transaction in the Business Services sector.
  • This is BlackRock LTPC’s 7th transaction in the United States.
  • This is BlackRock LTPC’s 1st transaction in Indiana.

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Investment Summary

Date February 2, 2023
Target Alacrity Solutions
Sector Business Services
Investor(s) BlackRock LTPC
Sellers(s) Kohlberg & Company
Deal Type Growth Capital
Advisor(s) Evercore Group
Waller Helms Advisors (Financial)
Ropes & Gray (Legal)

Target Company

Alacrity Solutions

Fishers, Indiana, United States
Alacrity Solutions is a provider of outsourced claims management solutions to insurance carriers. Alacrity was formed in 1976 and is based in Fishers, Indiana.
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Investor Overview 1

Investor

BlackRock LTPC

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BlackRock LTPC is the direct investing arm of asset manager and financial services company BlackRock. The Group looks to make long-term, control investments of at least $500 million in large companies throughout North America and Western Europe. BlackRock LTPC is based in New York, New York.


Deal Context for Investor #
Overall 9 of 12
Sector: Business Services 1 of 2
Type: Growth Capital 2 of 3
State: Indiana 1 of 1
Country: United States 7 of 9
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Jupiter Power

Austin, Texas, United States

Jupiter Power is a battery energy storage infrastructure platform with deep trading, analytics, development, finance, operations, and construction capabilities and unparalleled intellectual property in dispatch optimization. Jupiter Power is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Buy -

Seller Profile 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


Deal Context for Seller #
Overall 45 of 48
Sector: Business Services 4 of 5
Type: Growth Capital 1 of 1
State: Indiana 4 of 4
Country: United States 44 of 47
Year: 2023 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Trinity Life Sciences

Waltham, Massachusetts, United States

Trinity Life Sciences is a global provider of outsourced commercialization solutions for pharmaceutical and biopharmaceutical companies, with specialization in evidence-based solutions and data-driven insights that enable clients to bring complex life-changing therapies to market successfully. Trinity Life Sciences was founded in 1996 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 United Digestive

Atlanta, Georgia, United States

United Digestive is a provider of gastrointestinal physician services in the Southeast United States focused on providing high quality care to treat GI disorders, nutrition and digestive health. United Digestive was formed in 2018 and is based in Atlanta, Georgia.

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