M&A Deal Summary

Carousel Capital and Freeport Financial Partners Acquire Ethos Risk Services

On November 20, 2020, private equity firm Carousel Capital and Freeport Financial Partners acquired business services company Ethos Risk Services

Acquisition Highlights
  • This is Carousel Capital’s 3rd and Freeport Financial Partners’ 1st transaction in the Business Services sector.
  • This is Carousel Capital’s 31st and Freeport Financial Partners’ 1st transaction in the United States.
  • This is Carousel Capital’s 4th and Freeport Financial Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2020-11-20
Target Ethos Risk Services
Sector Business Services
Buyer(s) Carousel Capital
Freeport Financial Partners
Deal Type Recapitalization

Target

Ethos Risk Services

St. Petersburg, Florida, United States
Ethos Risk Services is a full-service risk mitigation company providing due diligence, background checks, pre-employment screenings, and digital fingerprinting. Ethos Risk Services was founded in 2006 and is based in St. Petersburg, Florida.

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Buyer(S) 2

Buyer

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 31 of 37
Sector (Business Services) 3 of 5
Type (Recapitalization) 8 of 12
State (Florida) 4 of 5
Country (United States) 31 of 37
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Landscape Workshop

Birmingham, Alabama, United States

Landscape Workshop is a provider of route-based commercial landscaping services, including landscape maintenance, irrigation services, seasonal color programs, design and installation, and facility services. Landscape Workshop was founded in 1984 and is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 The Advantage Software

Mooresville, North Carolina, United States

The Advantage Software Co. is a provider of ERP software that automates accounting, project management, and media management for advertising agencies. The Advantage Software Co. was founded in 1985 and is based in Mooresville, North Carolina.

Sell -
Buyer

Freeport Financial Partners

Chicago, Illinois, United States
Category Company
Sector Financial Services
DESCRIPTION

Freeport Financial Partners LLC is a middle market direct lending asset manager.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

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