M&A Deal Summary

Odyssey Investment Partners and Caltius Structured Capital Acquire SM&A

On December 29, 2008, private equity firm Odyssey Investment Partners and mezzanine finance firm Caltius Structured Capital acquired business services company SM&A for 120M USD

Acquisition Highlights
  • This is Odyssey Investment Partners’ 3rd and Caltius Structured Capital’s 4th transaction in the Business Services sector.
  • This is Odyssey Investment Partners’ 6th and Caltius Structured Capital’s largest (disclosed) transaction.
  • This is Odyssey Investment Partners’ 20th and Caltius Structured Capital’s 34th transaction in the United States.
  • This is Odyssey Investment Partners’ 4th and Caltius Structured Capital’s 12th transaction in California.

M&A Deal Summary
Date 2008-12-29
Target SM&A
Sector Business Services
Buyer(s) Odyssey Investment Partners
Caltius Structured Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 120M USD

Target

SM&A

Irvine, California, United States
SM&A is a provider of consulting and project management related services for bid preparation and program management projects primarily to aerospace and defense government contractors. SM&A was formed in 1982 and is based in Irvine, California.

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Buyer(S) 2

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 22 of 52
Sector (Business Services) 3 of 9
Type (Buyout (LBO, MBO, MBI)) 13 of 20
State (California) 4 of 8
Country (United States) 20 of 49
Year (2008) 3 of 3
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-25 EAG Laboratories

San Diego, California, United States

EAG Laboratories is a North American provider of advanced chemical testing services for pesticides, industrial and household chemicals. It provides end-to-end support for e-fate, metabolism, eco-toxicology and residue studies required for pesticide and chemical regulatory testing to support global registration requirements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Safway Services

Waukesha, Wisconsin, United States

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.

Buy -
Buyer

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.

DEAL STATS #
Overall 34 of 53
Sector (Business Services) 4 of 10
Type (Buyout (LBO, MBO, MBI)) 20 of 27
State (California) 12 of 14
Country (United States) 34 of 53
Year (2008) 8 of 8
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-29 J-B Weld

Marietta, Texas, United States

J-B Weld is a developer formulates, markets, distributes and sells a branded line of cold-weld epoxy adhesives to consumers and professionals in both the automotive and hardware market segments. J-B Weld was founded in 1969 and is based in Sulphur Springs, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Universal Services of America

Santa Ana, California, United States

Universal Services of America is a facility services companies in the U.S., combining an innovative mix of tradition with cutting edge systems and technology to keep pace with the ever - evolving needs of today’s business environments. Headquartered in Santa Ana, Calif., today, Universal is a $2.5 billion company with more than 80,000 employees on staff. The company is now the second largest manned guarding security company in North America and employs a hands-on, highly experienced management team and continuous training to deliver consistent, high quality security solutions. Universal has four unique divisions: Universal Protection Service, Universal Protection Security Systems, Universal Fire/Life Safety Services and Universal Building Maintenance.

Buy -
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