M&A Deal Summary

Cerberus Capital Management Acquires Carrier & Technology Solutions

On November 28, 2017, asset manager Cerberus Capital Management acquired business services company Carrier & Technology Solutions

Acquisition Highlights
  • This is Cerberus Capital Management’s 5th transaction in the Business Services sector.
  • This is Cerberus Capital Management’s 37th transaction in the United States.
  • This is Cerberus Capital Management’s 4th transaction in Florida.

M&A Deal Summary
Date 2017-11-28
Target Carrier & Technology Solutions
Sector Business Services
Buyer(s) Cerberus Capital Management
Deal Type Special Situations/Distressed

Target

Carrier & Technology Solutions

Fort Lauderdale, Florida, United States
Carrier & Technology Solutions (CTS) is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. CTS provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. CTS is headquartered in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 55 of 87
Sector (Business Services) 5 of 7
Type (Special Situations/Distressed) 10 of 13
State (Florida) 4 of 6
Country (United States) 37 of 63
Year (2017) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Club Exploria

Clermont, Florida, United States

Club Exploria is a diversified hospitality, development, and management company with a collection of resorts and hotels in Florida, Tennessee, and Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 HN Precision

Lake Bluff, Illinois, United States

HN Precision is a manufacturer of precision machined components serving a diverse group of industry-leading original equipment manufacturers across multiple end-markets including heavy trucks, off-highway vehicles, oil and gas, armaments, rail, and general industrial. HN Precision was founded in 1984 and is based in Lake Bluff, Illinois.

Sell -
Mergr

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