M&A Deal Summary

Charlesbank Capital Partners and HighPost Capital Acquire Front Row Group

On September 3, 2024, private equity firms Charlesbank Capital Partners and HighPost Capital acquired marketing company Front Row Group from Trivest Partners

Acquisition Highlights
  • This is Charlesbank Capital Partners’ 3rd and HighPost Capital’s 1st transaction in the Marketing sector.
  • This is Charlesbank Capital Partners’ 78th and HighPost Capital’s 4th transaction in the United States.
  • This is Charlesbank Capital Partners’ 10th and HighPost Capital’s 2nd transaction in New York.

M&A Deal Summary

Date 2024-09-03
Target Front Row Group
Sector Marketing
Buyer(s) Charlesbank Capital Partners
HighPost Capital
Sellers(s) Trivest Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Akerman (Legal)

Target

Front Row Group

New York, New York, United States
Front Row Group is an e-commerce agency and accelerator specializing in beauty, health, wellness, and consumer brands. Front Row Group is based in New York City.

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Buyer(S) 2

Buyer

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 89 of 90
Sector (Marketing) 3 of 3
Type (Secondary Buyout) 31 of 32
State (New York) 10 of 10
Country (United States) 78 of 79
Year (2024) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Aprio

Atlanta, Georgia, United States

Aprio is a full-service business advisory and accounting firm that advises clients on achieving what’s next. Aprio professionals work as integrated teams across advisory, audit, tax, outsourcing, talent solutions, and private client services, bringing keen business intelligence and personal commitment to each client. The firm combines a deep understanding and strategic foresight for industries including manufacturing and distribution; non-profit and education; professional services; real estate; construction; restaurant, franchise & hospitality; government contracting, and technology and blockchain. Aprio was founded in 1952 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-13 ARS

Memphis, Tennessee, United States

ARS is a provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets. ARS was founded in 1995 and is based in Memphis, Tennessee.

Sell -
DESCRIPTION

HighPost Capital is a private equity firm focused on investing in the consumer sector. The Firm has a special interest in companies in the sports/media, wellness, leisure, and lifestyle sectors and will consider opportunities throughout North America and Western Europe. HighPost Capital is headquartered in New York City.


DEAL STATS #
Overall 5 of 5
Sector (Marketing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 2 of 2
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Magic Spoon

New York, New York, United States

Magic Spoon is a better-for-you cereal company. Magic Spoon offers high-protein, low-carb, zero-sugar gluten-free cereal, pairing a nostalgic flavor offering with a modern better-for-you nutritional profile. Magic Spoon is based in New York City.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 35 of 41
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 16 of 21
State (New York) 2 of 2
Country (United States) 32 of 37
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-18 Province

Henderson, Nevada, United States

Province is a nationally recognized advisory firm that helps clients navigate complex strategic, operational, financial, and legal challenges and opportunities. Province is based in Henderson, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Novatech

Nashville, Tennessee, United States

Novatech is a provider of business technology solutions to small and medium businesses, as well as Fortune 1000 and government customers. Novatech's product and service offerings include managed print and IT services, multifunction devices, production printers, wide format printers, document solutions, and 3D Printing, scanning and prototyping solutions. Novatech is based in Nashville, Tennessee.

Sell -