M&A Deal Summary

Bow River Capital and PNC Erieview Capital Acquire Amazing Care

On May 3, 2022, private equity firm Bow River Capital and mezzanine finance firm PNC Erieview Capital acquired healthcare services company Amazing Care from 3 Rivers Capital and Merion Investment Partners

Acquisition Highlights
  • This is Bow River Capital’s 3rd and PNC Erieview Capital’s 1st transaction in the Healthcare Services sector.
  • This is Bow River Capital’s 20th and PNC Erieview Capital’s 30th transaction in the United States.
  • This is Bow River Capital’s 7th and PNC Erieview Capital’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-05-03
Target Amazing Care
Sector Healthcare Services
Buyer(s) Bow River Capital
PNC Erieview Capital
Sellers(s) 3 Rivers Capital
Merion Investment Partners
Deal Type Recapitalization

Target

Amazing Care

Aurora, Colorado, United States
Amazing Care is a home healthcare agency providing skilled nursing, private duty nursing, and other services to both adult and pediatric patients. Amazing Care was founded in 2004 and is based in Aurora, Colorado.

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Buyer(S) 2

Buyer

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.


DEAL STATS #
Overall 22 of 28
Sector (Healthcare Services) 3 of 3
Type (Recapitalization) 11 of 11
State (Colorado) 7 of 7
Country (United States) 20 of 25
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Xima

South Jordan, Utah, United States

Xima is a robust contact center software platform, purpose-built for global organizations to deliver superior agent/customer experiences via skills-based routing, queue callback, and in-depth analytics and reporting. Xima was founded in 2007 and is based in South Jordan, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 ProductPlan

Santa Barbara, California, United States

ProductPlan is a cloud-based Product Management platform. The company designs and delivers flexible, easy-to-use software systems to manage the entire product lifecycle journey from product innovation and crowd-sourced ideas, product roadmapping, product launch, to seamless integrations easily and cost effectively. ProductPlan was founded in 2013 and is based in Santa Barbara, California.

Buy -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 30 of 39
Sector (Healthcare Services) 1 of 3
Type (Recapitalization) 7 of 8
State (Colorado) 1 of 1
Country (United States) 30 of 39
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 DecksDirect

Minneapolis, Minnesota, United States

DecksDirect is a direct-to-job-site distributor of premium deck products. DecksDirect offers a uniquely broad line of in-stock products, including composite decking, railing, lighting, and other deck accessories. DecksDirect was founded in 2008 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Bond Orthodontic Partners

Frisco, Texas, United States

Bond Orthodontic Partners is an independent orthodontists deep-rooted orthodontic practice and business acumen to empower independent orthodontists who are ready to scale their brands, strengthen their practices and retain their clinical autonomy to optimize practice-level value creation. Bond Orthodontic Partners was founded in 2021 and is based in Frisco, Texas.

Buy -

Seller(S) 2

SELLER

3 Rivers Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

3 Rivers Capital is a private equity firm focused on recapitalizations and buyouts of smaller companies located in the Eastern to Mountain West regions of the US. The Firm generally targets businesses with revenues up to $50 million and EBITDA up to $10 million. Target sectors include niche manufacturing, business services, healthcare, and energy. 3 Rivers prefers businesses with high barriers to entry, strong management, and operating in defensible markets. 3 Rivers was formed in 2005 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 6 of 6
Sector (Healthcare Services) 2 of 2
Type (Recapitalization) 1 of 1
State (Colorado) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Gaven Industries

Saxonburg, Pennsylvania, United States

Gaven Industries is involved in designing, manufacturing, and installing radio frequency and magnetic shielding. Gaven's products can be found in thousands of hospitals, universities, research, and government facilities worldwide. Its products are manufactured at the company’s 35,000 square foot facility based 25 miles north of Pittsburgh. Gaven Industries was founded in 1985 and is based in Saxonburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-08 Magnum Systems

Lenexa, Kansas, United States

Magnum Systems is a designer and manufacturer of pneumatic conveying systems and packaging systems for powder and bulk solids. Magnum Systems was founded in 1960 and is based in Lenexa, Kansas.

Buy -
SELLER
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 23 of 26
Sector (Healthcare Services) 2 of 3
Type (Recapitalization) 2 of 2
State (Colorado) 1 of 2
Country (United States) 23 of 26
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 SRE Environmental

Phoenix, Arizona, United States

SRE Environmental is a provider of turnkey transportation services for the management of all types of liquid waste, solid waste, and specialty freight. SRE Environmental was founded in 2005 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-08 SRE Environmental

Phoenix, Arizona, United States

SRE Environmental is a provider of turnkey transportation services for the management of all types of liquid waste, solid waste, and specialty freight. SRE Environmental was founded in 2005 and is based in Phoenix, Arizona.

Sell -