M&A Deal Summary

Broadtree Partners Acquires JRAD

On June 22, 2023, private equity firm Broadtree Partners acquired business services company JRAD

Acquisition Highlights
  • This is Broadtree Partners’ 1st transaction in the Business Services sector.
  • This is Broadtree Partners’ 16th transaction in the United States.
  • This is Broadtree Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2023-06-22
Target JRAD
Sector Business Services
Buyer(s) Broadtree Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Evergreen Advisors (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

JRAD

Stafford, Virginia, United States
JRAD is a provider of technical, analytical, and programmatic excellence services. JRAD was founded in 2004 and is based in Stafford, Virginia.

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Buyer(S) 1

Buyer

Broadtree Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Broadtree Partners is a private equity firm focused on acquiring and investing in lower middle-market, US-based companies in partnership with management. The Firm does not have any stated sector preferences and seeks businesses with $5 to $75 million of revenue and $1 to $10 million of EBITDA. Broadtree Partners was formed in 2017 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 16 of 16
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Virginia) 1 of 1
Country (United States) 16 of 16
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Triage Partners

Tampa, Florida, United States

Triage Partners is a technology-enabled software and service provider to the telecom and reverse logistics industries. The company's services include telecom (field services and saas solutions), oem & 3pl (colocation services and saas solutions), and osp engineering. Triage Partners is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 CanSource

Longmont, Colorado, United States

CanSource is a supplier of shrink-sleeved cans to craft beverage businesses across the beer, wine, spirits, energy drinks, coffee, kombucha and CBD industries. CanSource was founded in 2011 and is based in Longmont, Colorado.

Sell -
Mergr

Product

Company

Legal