Investment Summary

Century Equity Partners, HGGC and AIMCo Invest In Rimkus Consulting Group

On January 10, 2019, private equity firm Century Equity Partners, private equity firm HGGC and pension AIMCo invested in business services company Rimkus Consulting Group

Investment Highlights
  • This is Century Equity Partners’ 4th, HGGC’s 5th and AIMCo’s 2nd transaction in the Business Services sector.
  • This is Century Equity Partners’ 25th, HGGC’s 30th and AIMCo’s 9th transaction in the United States.
  • This is Century Equity Partners’ 2nd, HGGC’s 5th and AIMCo’s 2nd transaction in Texas.

Investment Summary

Date 2019-01-10
Target Rimkus Consulting Group
Sector Business Services
Investor(s) Century Equity Partners
HGGC
AIMCo
Deal Type Growth Capital

Target

Rimkus Consulting Group

Houston, Texas, United States
Rimkus Consulting Group is a forensic engineering firm providing engineering consulting services to insurance carriers, law firms, and self-insured corporations. Services range from technical analyses of complex insurance claims to a number of highly specialized offerings, including toxicology, biomechanics, and human factors. Rimkus Consulting Group was founded in 1983 and is based in Houston, Texas.

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Investor(S) 3

Investor

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 32 of 34
Sector: Business Services M&A 4 of 5
Type: Growth Capital M&A Deals 18 of 19
State: Texas M&A 2 of 3
Country: United States M&A 25 of 27
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 The Credit Junction

New York, New York, United States

The Credit Junction is the first data-driven, asset-based lending platform that is reinventing the way small and mid-sized businesses access working capital, growth and supply chain financing solutions. TCJ combines technology and data intelligence with traditional asset-based credit metrics and offers up to $7.5 million in capital availability. The TCJ platform captures, integrates and analyzes financial data to better manage risk and extract deeper insights into the health of a business. Since its launch in May 2015, TCJ has helped America’s suppliers, manufacturers and distributors access the capital they need to achieve their growth objectives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Relation

Walnut Creek, California, United States

Relation is a premier insurance broker that offers superior risk-management and benefits-consulting services through its family of brands across the U.S. It is ranked by Insurance Journal within the top 45 largest agencies in the country by revenue and has nearly 500 employees in more than 30 locations nationwide. Relation was founded in 2007 and is based in Walnut Creek, California.

Sell -
Investor

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 34 of 52
Sector: Business Services M&A 5 of 8
Type: Growth Capital M&A Deals 9 of 17
State: Texas M&A 5 of 6
Country: United States M&A 30 of 43
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 Aceable

Austin, Texas, United States

Aceable is a provider of mobile and online certification and continuing education coursework solutions. Aceable’s core products address the driver’s education and defensive driving markets for both novice and experienced drivers across the U.S. Aceable was established in 2012 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 AMI

Duluth, Georgia, United States

AMI is a provider of out-of-band server management firmware, and UEFI and BIOS firmware, with its products deployed in a high proportion of all servers, data centers, embedded devices, and personal computers worldwide. AMI was founded in 1985 and is based in Duluth, Georgia.

Buy -
Investor

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 18 of 40
Sector: Business Services M&A 2 of 5
Type: Growth Capital M&A Deals 3 of 3
State: Texas M&A 2 of 4
Country: United States M&A 9 of 22
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Eolia

Madrid, Spain

Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 BGIS

Markham, Ontario, Canada

BGIS is a provider of facility management, project delivery, energy & sustainability, asset management, workplace advisory, and real estate services. BGIS was established in 1992 and is based in Markham, Ontario.

Buy $1.0B