M&A Deal Summary

BV Investment Partners Acquires Hardenbergh Group

On August 15, 2023, private equity firm BV Investment Partners acquired staffing company Hardenbergh Group from Lead Capital Partners

Acquisition Highlights
  • This is BV Investment Partners’ 1st transaction in the Staffing sector.
  • This is BV Investment Partners’ 54th transaction in the United States.
  • This is BV Investment Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2023-08-15
Target Hardenbergh Group
Sector Staffing
Buyer(s) BV Investment Partners
Sellers(s) Lead Capital Partners
Deal Type Secondary Buyout
Advisor(s) Silvermark Partners (Financial)
Bass, Berry & Sims (Legal)

Target

Hardenbergh Group

Livonia, Michigan, United States
Hardenbergh Group is a provider of temporary staffing and consulting solutions for medical staff services, credentialing, and provider enrollment. Hardenbergh Group was founded in 1991 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 57 of 60
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Michigan) 2 of 2
Country (United States) 54 of 56
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 RafterOne

Portsmouth, New Hampshire, United States

RafterOne is a team of solution builders focused on constructing end-to-end, multi-cloud commerce experiences for the Salesforce Platform. The company is focused on helping clients optimize every touchpoint in the customer journey while providing the structure, tools, and support you deserve. It helps clients realize the possibilities with integrated experiences across Marketing, Commerce and Revenue Cloud, CRM, Service Cloud, and Data Services. RafterOne was founded in 1994 and is based in Portsmouth, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 CallTower

South Jordan, Utah, United States

CallTower is a provider of hosted enterprise-class unified communications solutions for growing businesses nationwide. It enhances clients’ strategic and business operational capabilities by integrating business phone service, mobile applications, email hosting, unified messaging, instant messaging, audio, web and video conferencing, and collaboration tools into one reliable platform. CallTower was founded in 2002 and is based in South Jordan, Utah.

Buy -

Seller(S) 1

SELLER

Lead Capital Partners


Category Private Equity Firm
Founded 2011
PE ASSETS 230M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lead Capital Partners is a 'multi-family sponsored private equity firm' focused on acquiring control positions in businesses generating $1 to $7 million of EBITDA. Target transaction situations include family successions, divestitures, buyouts, and recapitalizations. Sectors of interest include healthcare, consumer products, IT/software, distribution, marketing, hospitality services, infrastructure, niche manufacturing, and industrial services. Lead Capital Partners was founded in 2011 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 2 of 2
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 ApolloLIMS

Brentwood, Tennessee, United States

ApolloLIMS is a provider of proprietary laboratory information management systems software to the laboratory marketplace to assist operators with laboratory automation and quality assurance. ApolloLIMS was founded in 1994 and is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Viva Day + Med

Austin, Texas, United States

Viva Day Spa + Med Spa offers a full menu of spa and med spa treatments including botox, fillers, body contouring, laser hair removal, massages, facials, waxing, manicures, pedicures. Viva Day Spa + Med Spa was founded in 2005 and is based in Austin, Texas.

Buy -