M&A Deal Summary

Clearview Capital and PNC Erieview Capital Acquire LTC Ally

On August 9, 2021, private equity firm Clearview Capital and mezzanine finance firm PNC Erieview Capital acquired business services company LTC Ally

Acquisition Highlights
  • This is Clearview Capital’s 5th and PNC Erieview Capital’s 3rd transaction in the Business Services sector.
  • This is Clearview Capital’s 37th and PNC Erieview Capital’s 26th transaction in the United States.
  • This is Clearview Capital’s 1st and PNC Erieview Capital’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-08-09
Target LTC Ally
Sector Business Services
Buyer(s) Clearview Capital
PNC Erieview Capital
Deal Type Recapitalization
Advisor(s) Troutman Pepper Hamilton Sanders (Legal)

Target

LTC Ally

Lakewood, New Jersey, United States
LTC Ally is a provider of revenue cycle management (“RCM”), finance, accounts payable, insurance contracting and credentialing, and other office management services to hundreds of skilled nursing facilities (“SNFs”) and other healthcare providers nationwide. LTC Ally was founded in 2006 and is based in Lakewood, New Jersey.

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Buyer(S) 2

Buyer

Clearview Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 645M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 38 of 43
Sector: Business Services M&A 5 of 6
Type: Recapitalization M&A Deals 11 of 13
State: New Jersey M&A 1 of 1
Country: United States M&A 37 of 42
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Barcode

Bentonville, Arkansas, United States

Barcode provides sales and marketing, data analytics, creative services and consumer insights and research to emerging and private label brands who are seeking expanded distribution in top retailers and e-commerce channels. Barcode was formed in 2006 and is based in Bentonville, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 Next Net Media

Saint Petersburg, Florida, United States

Next Net Media is an online technology company that includes a variety of internet-based businesses with a focus on content creation, marketing, and freelance services. Next Net Media is based in St. Petersburg, Florida.

Buy -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 26 of 44
Sector: Business Services M&A 3 of 5
Type: Recapitalization M&A Deals 6 of 9
State: New Jersey M&A 1 of 1
Country: United States M&A 26 of 43
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sparus

Peachtree Corners, Georgia, United States

Sparus is a provider of outsourced utility field services and project management outsourcing services through its wholly-owned subsidiaries, Southern Cross Corporation and The Spear Group. Sparus was founded in 1946 and is based in Peachtree Corners, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 RQM+

Monroeville, Pennsylvania, United States

RQM+ is a medical device and diagnostics-focused, regulatory, and quality consulting firm. The company delivers transformative solutions by providing unrivaled collective expertise, fueled by a passion for client success. RQM+’s experts are collaborative, laser-focused on client needs, and committed to delivering high-value solutions that exceed expectations. RQM+ was founded in 2008 and is based in Monroeville, Pennsylvania.

Sell -