M&A Deal Summary

CIP Capital Acquires SBI

On January 9, 2020, private equity firm CIP Capital acquired business services company SBI from Alaris Equity Partners

Acquisition Highlights
  • This is CIP Capital’s 2nd transaction in the Business Services sector.
  • This is CIP Capital’s 17th transaction in the United States.
  • This is CIP Capital’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-01-09
Target SBI
Sector Business Services
Buyer(s) CIP Capital
Sellers(s) Alaris Equity Partners
Deal Type Divestiture
Advisor(s) Raymond James - Investment Banking (Financial)
Foley & Lardner (Legal)

Target

SBI

Southlake, Texas, United States
SBI is a Go-to-Market Growth Advisory, offering collaborative consulting, go-to-market benchmarks and data, and advisory services forged from serving as strategic implementers who have owned and operated marketing and sales at some of the world’s most successful growth companies. SBI was founded in 2006 and is based in Southlake, Texas.

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Buyer(S) 1

Buyer

CIP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 17 of 18
Sector (Business Services) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 17 of 18
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Benefit Resources

Rochester, New York, United States

Benefit Resources is a provider of consumer-directed benefit (CDB) solutions including FSA, HSA, HRA, and commuter benefit plan programs and COBRA services. BRI utilizes a proprietary suite of technology solutions coupled with a high-touch service model to deliver a superior offering to its over 3,500 clients and their employees. Benefit Resources, Inc. serves clients of all sizes nationwide with a focus on mid-market employers. Benefit Resources, Inc. was founded in 1993 and is headquartered in Rochester, NY with a secondary office in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 3Pillar Global

Fairfax, Virginia, United States

3Pillar Global is an outsourced provider of software product development and design services for customer-facing, revenue-generating applications. The Company provides “Product Development as a Service” to industry-leading enterprise logos including Carfax, Fortune, and PBS. 3Pillar Global was founded in 2006 and is based in Fairfax, Virginia.

Buy -

Seller(S) 1

SELLER

Alaris Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Alaris Equity Partners is a private equity firm focused on non-control investments in lower-middle market North American companies. Alaris typically commits $10 to $100 million per transaction to support recapitalization, growth, buyout, and generational transfer investment situations. The Firm invests in a variety of industries including business services, healthcare services, industrial services, IT, and construction. Alaris Equity Partners was established in 2004 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Stride Consulting

New York, New York, United States

Stride Consulting is a software development consultancy comprised of developers, product managers, coaches, and designers, empowering technology teams to implement industry best practices, build better software, and scale efficiently and successfully. Stride Consulting was founded in 2014 and is based in New York city.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Carey Electric Contracting

McHenry, Illinois, United States

Carey Electric Contracting is a third-generation, family-owned, electrical contracting services company servicing the industrial, commercial, and residential markets. Services include power distribution, lighting, bucket truck services, trenching, underground locating, fire alarm services, generator testing, and other specialized offerings. Carey Electric Contracting was founded in 1923 and is based in McHenry, Illinois.

Buy -
Mergr

Product

Company

Legal