M&A Deal Summary

BPOC and PNC Erieview Capital Acquire Atlas Clinical Research

On April 25, 2023, private equity firm BPOC and mezzanine finance firm PNC Erieview Capital acquired healthcare services company Atlas Clinical Research

Acquisition Highlights
  • This is BPOC’s 15th and PNC Erieview Capital’s 3rd transaction in the Healthcare Services sector.
  • This is BPOC’s 40th and PNC Erieview Capital’s 38th transaction in the United States.
  • This is BPOC’s 1st and PNC Erieview Capital’s 3rd transaction in North Carolina.

M&A Deal Summary

Date 2023-04-25
Target Atlas Clinical Research
Sector Healthcare Services
Buyer(s) BPOC
PNC Erieview Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Atlas Clinical Research

Durham, North Carolina, United States
Atlas Clinical Research specializes in infectious disease, CNS, gastroenterology, cardiovascular, metabolic, and general medicine and plans to expand across the United States to reach a broad and diverse population of waiting patients. Atlas Clinical Research is based in Durham, North Carolina.

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Buyer(S) 2

Buyer

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 41 of 41
Sector: Healthcare Services M&A 15 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 14
State: North Carolina M&A 1 of 1
Country: United States M&A 40 of 40
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Praxis Packaging Solutions

Grand Rapids, Michigan, United States

Praxis Packaging Solutions is a packaging solution for the healthcare industry with a wide range of capabilities including primary solid and liquid filling, as well as secondary packaging, repackaging, serialization and labeling. Praxis Packaging Solutions was founded in 1989 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Health-E Commerce

New York, New York, United States

Health-E Commerce is the parent company of FSA Store and HSA Store online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. Health-E Commerce was founded in 2010 and is based in New York City.

Sell -
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 39 of 44
Sector: Healthcare Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
State: North Carolina M&A 3 of 3
Country: United States M&A 38 of 43
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Worldwide Produce

Los Angeles, California, United States

Worldwide Produce is a distributor of fresh fruits, vegetables, dairy products, and specialty foods to independent and chain restaurants across the Western United States. Worldwide Produce operates two distribution facilities located in Los Angeles, CA, and Las Vegas, NV. Worldwide Produce was founded in 1989 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 VetEvolve

Richmond, Virginia, United States

VetEvolve is a multi-location veterinary practice management platform providing its partner clinics differentiated partnership solutions and comprehensive services that free them up to focus on patient care. Its partner clinics provide general veterinary, emergency, boarding and daycare services to companion animals. VetEvolve is based in Richmond, Virginia.

Sell -