M&A Deal Summary

Boxwood Partners Acquires Midlothian Athletic Club

On September 15, 2009, private equity firm Boxwood Partners acquired consumer services company Midlothian Athletic Club from CJW Medical Center

Acquisition Highlights
  • This is Boxwood Partners’ 1st transaction in the Consumer Services sector.
  • This is Boxwood Partners’ 3rd transaction in the United States.
  • This is Boxwood Partners’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2009-09-15
Target Midlothian Athletic Club
Sector Consumer Services
Buyer(s) Boxwood Partners
Sellers(s) CJW Medical Center
Deal Type Divestiture

Target

Midlothian Athletic Club

Richmond, Virginia, United States
Midlothian Athletic Club is a provider of full-service sports and fitness clubs focused on providing a diverse range of sports, fitness, and wellness activities including tennis, cardio, and weight training, aquatics, racquetball, court sports, group exercise, personal training, and spa services. Midlothian Athletic Club was founded in 1988 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Boxwood Partners

Richmond, Virginia, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Boxwood Partners LLC (BCP) is the private equity arm of Boxwood Partners, a middle-market M&A advisory firm. BCP focuses on profitable, early-stage companies that utilize the internet to generate a significant portion of their business. BCP looks to commit $2 to $20 million per transaction in companies with at least $500k in free cash flow. Sectors of interest include food/consumer products, healthcare technology/services, distribution, media, e-commerce solutions, fulfillment/warehousing, business services, and light manufacturing. Boxwood Capital Partners is based in Richmond, Virginia.

DEAL STATS #
Overall 3 of 4
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 2 of 2
Country (United States) 3 of 4
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-12 Coffee Wholesale USA

Fort Smith, Arkansas, United States

Coffee Wholesale USA, Inc. is a provider of online coffee, tea, snack, and related equipment supplier to wholesale and retail customers. Coffee Wholesale USA was founded in 1997 and is based in Fort Smith, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-17 SweetFrog Premium Frozen Yogurt

Scottsdale, Arizona, United States

SweetFrog Premium Frozen Yogurt is a producer of frozen yogurt flavors and fresh toppings choices. SweetFrog Premium Frozen Yogurt was founded in 2009 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

CJW Medical Center

Richmond, Virginia, United States
Category Company
Sector Healthcare Services
DESCRIPTION

CJW Medical Center is a comprehensive healthcare provider in the Commonwealth. CJW is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
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