M&A Deal Summary

CHR Solutions Acquires Martin Group

On September 25, 2009, CHR Solutions acquired communications company Martin Group from TA Associates and Summit Partners

Acquisition Highlights
  • This is CHR Solutions’ 1st transaction in the Communications sector.
  • This is CHR Solutions’ 1st transaction in the United States.
  • This is CHR Solutions’ 1st transaction in South Dakota.

M&A Deal Summary
Date 2009-09-25
Target Martin Group
Sector Communications
Buyer(s) CHR Solutions
Sellers(s) TA Associates
Summit Partners
Deal Type Add-on Acquisition

Target

Martin Group

Mitchell, South Dakota, United States
Martin Group, Inc. provides telecommunications, consulting and engineering services and develops, markets and sells customer care and billing solutions to communications carriers in the United States.

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Buyer(S) 1

Buyer

CHR Solutions

Houston, Texas, United States
Category Company
Sector Information Technology
DESCRIPTION

CHR Solutions, Inc. offers technology solutions and business operations services to communications service providers in the United States and internationally.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 133 of 255
Sector (Communications) 10 of 15
Type (Add-on Acquisition) 75 of 130
State (South Dakota) 1 of 1
Country (United States) 126 of 206
Year (2009) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-18 Vatterott

Olivette, Missouri, United States

Vatterott is a provider of career-oriented post-secondary education in the United States. Vatterott offers a diversified range of diploma programs, associate degrees and bachelor degrees in skilled trades, allied health, culinary arts, cosmetology, business, court reporting and computer technology. Vatterott was founded in 1969 and is based in Olivette, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-28 Dealer Tire

Cleveland, Ohio, United States

Dealer Tire is a value-added distributor that equips and assists automobile dealers in the sale of replacement tires and other automotive parts to end consumers. It serves more than 10,000 automotive dealerships from nearly 40 distribution centers. Dealer Tire was founded in 1999 and is based in Cleveland, Ohio.

Buy -
SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 141 of 285
Sector (Communications) 12 of 16
Type (Add-on Acquisition) 64 of 127
State (South Dakota) 1 of 1
Country (United States) 136 of 246
Year (2009) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-23 GoldenGate Software

San Francisco, California, United States

GoldenGate Software, Inc. provides real-time, multi-platform database replication and data integration solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 ApoCell

Houston, Texas, United States

ApoCell, Inc. is a molecular diagnostics laboratory that develops proprietary technology to analyze the effectiveness of oncology compounds for large pharmaceutical and biotech companies. ApoCell, Inc. was founded in 2004 and is based in Houston, Texas.

Buy -
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