M&A Deal Summary

BV Investment Partners Acquires Source Advisors

On April 7, 2022, private equity firm BV Investment Partners acquired business services company Source Advisors from Gainline Capital Partners

Acquisition Highlights
  • This is BV Investment Partners’ 11th transaction in the Business Services sector.
  • This is BV Investment Partners’ 53rd transaction in the United States.
  • This is BV Investment Partners’ 7th transaction in Texas.

M&A Deal Summary

Date 2022-04-07
Target Source Advisors
Sector Business Services
Buyer(s) BV Investment Partners
Sellers(s) Gainline Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Willkie Farr & Gallagher
Morrison Cohen (Legal)

Target

Source Advisors

Fort Worth, Texas, United States
Source Advisors is a provider of tax incentive solutions to middle-market companies. Source Advisors was founded in 1983 and is based in Fort Worth, Texas.

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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 56 of 60
Sector (Business Services) 11 of 11
Type (Secondary Buyout) 3 of 5
State (Texas) 7 of 7
Country (United States) 53 of 56
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Marlabs

Piscataway, New Jersey, United States

Marlabs is an end-to-end IT services provider that enables its customers to build and manage IT applications and infrastructure. Marlabs was founded in 1996 and is based in Piscataway, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 GlideFast Consulting

Woburn, Massachusetts, United States

GlideFast Consulting is a ServiceNow Elite Partner and professional services firm that provides tailored solutions and professional services for ServiceNow implementations, integrations, managed support services, application development, and training. GlideFast Consulting was founded in 2015 and is based in Woburn, Massachusetts.

Sell $350M

Seller(S) 1

DESCRIPTION

Gainline Capital Partners is a private investment firm focused on acquiring and investing in American middle-market companies valued up to $250 million. The Firm looks for profitable companies with $5 to $50 million of EBITDA and will consider a variety of investment situations including buyouts, recapitalizations, carve-outs, and partnering with founders to pursue growth through acquisition or expansion. Sectors of interest include business services, niche manufacturing, consumer, logistics, and transportation. Gainline Capital Partners was formed in 2015 and is headquartered in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Atlantic Energy

The Woodlands, Texas, United States

Atlantic Energy is an energy retailer providing electricity and natural gas through environmentally-conscious value-added bundles that leverage technology to help customers reduce consumption and align with broader emissions reduction efforts and clean energy goals. Atlantic Energy was founded in 2010 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 Flagship Power

Spring, Texas, United States

Flagship Power provides competitive electricity service options for consumers and small businesses in the Texas market. Flagship Power was founded in 2022 and is based in Spring, Texas.

Buy -