M&A Deal Summary |
|
|---|---|
| Date | 2024-02-15 |
| Target | Highstreet IT Solutions |
| Sector | Information Technology |
| Buyer(s) | CIVC Partners |
| Sellers(s) |
Petra Capital Partners
Transition Capital Partners |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1970 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 76 of 76 |
| Sector (Information Technology) | 7 of 7 |
| Type (Secondary Buyout) | 15 of 15 |
| State (Maryland) | 3 of 3 |
| Country (United States) | 72 of 72 |
| Year (2024) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-26 |
HR Green
Cedar Rapids, Iowa, United States HR Green provides infrastructure design, engineering, and consulting services to public and private sector clients across transportation, water, municipal advisory, broadband, and land development end markets. HR Green brings engineering, technical, and management solutions to clients across the Midwest, South, Mountain West, and California regions. HR Green was formed in 1913 and is based in Cedar Rapids, Iowa. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 30 |
| Sector (Information Technology) | 4 of 4 |
| Type (Secondary Buyout) | 8 of 8 |
| State (Maryland) | 2 of 2 |
| Country (United States) | 30 of 30 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-28 |
Viva Day + Med
Austin, Texas, United States Viva Day Spa + Med Spa offers a full menu of spa and med spa treatments including botox, fillers, body contouring, laser hair removal, massages, facials, waxing, manicures, pedicures. Viva Day Spa + Med Spa was founded in 2005 and is based in Austin, Texas. |
Buy | - |
| Category | Family Office |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Transition Capital Partners is a private investment firm focused on leveraged recapitalizations of entrepreneurial service-based businesses. Transition generally looks for high-growth companies with $2 million to $8 million of EBITDA where the firm can help position the company for the next level of growth. Sectors of interest include healthcare services, non-asset based logistics, retail, alternative energy and services, security services, direct marketing, software, branded food/beverage, education, telecom, oil/gas services, and outsourcing. The Firm is affiliated with family office Patterson Thoma Investments. Transition Capital Partners was formed in 1993 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 29 |
| Sector (Information Technology) | 1 of 1 |
| Type (Secondary Buyout) | 10 of 10 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 29 of 29 |
| Year (2024) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-16 |
Petroflex
Gainesville, Texas, United States Petroflex manufactures superior quality, continuous length HDPE (High Density Polyethylene) conduit and accessories for the Electric Utility, Renewables (Wind & Solar), Irrigation, Telecommunications and Data/Voice industries. Petroflex was founded in 1983 and is based in Gainesville, Texas. |
Sell | - |
