M&A Deal Summary

Clearview Capital, Northstar Capital and Canopy Capital Partners Acquire Barcode

On July 15, 2021, private equity firm Clearview Capital, mezzanine finance firm Northstar Capital and private equity firm Canopy Capital Partners acquired business services company Barcode

Acquisition Highlights
  • This is Clearview Capital’s 5th, Northstar Capital’s 12th and Canopy Capital Partners’ 2nd transaction in the Business Services sector.
  • This is Clearview Capital’s 36th, Northstar Capital’s 96th and Canopy Capital Partners’ 5th transaction in the United States.
  • This is Clearview Capital’s 1st, Northstar Capital’s 1st and Canopy Capital Partners’ 1st transaction in Arkansas.

M&A Deal Summary

Date 2021-07-15
Target Barcode
Sector Business Services
Buyer(s) Clearview Capital
Northstar Capital
Canopy Capital Partners
Deal Type Recapitalization

Target

Barcode

Bentonville, Arkansas, United States
Barcode optimizes growth for forward-thinking CPG companies in Walmart and Sam’s Club through complete account management and an unmatched suite of services and expertise. The company allows its clients to appreciate a hands-off and thriving Walmart business, which empowers them to redirect their efforts and expand in other retailers. Barcode was formed in 2006 and is based in Bentonville, Arkansas.

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Buyer(S) 3

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 37 of 43
Sector (Business Services) 5 of 7
Type (Recapitalization) 10 of 13
State (Arkansas) 1 of 1
Country (United States) 36 of 42
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Pyramid Healthcare

Duncansville, Pennsylvania, United States

Pyramid Healthcare is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania. Pyramid Healthcare is based in Duncansville, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 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.

Buy -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 101 of 109
Sector (Business Services) 12 of 12
Type (Recapitalization) 16 of 17
State (Arkansas) 1 of 1
Country (United States) 96 of 104
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Vetio Animal Health

St. Louis, Missouri, United States

Vetio Animal Health is a contract manufacturer of proprietary chemical-based products and solutions. Vetio Animal Health was founded in 1989 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Consolidated Equipment Group

Alexandria, Minnesota, United States

Consolidated Equipment Group is a designer, manufacturer, and marketer of attachments for skid-steers, mini skid steers, compact tractors, and several other light-construction power equipment. Consolidated Equipment Group was founded in 1948 and is based in Alexandria, Minnessota.

Sell -
DESCRIPTION

Canopy Capital Partners is a private equity firm focused on lower middle-market companies generating sales of $5 to $100 million and EBITDA between $1 and $10 million. Canopy Capital Partners will consider a variety of transaction situations, including management buyouts, growth financings, and recapitalizations. Sectors of interest include business services, construction, distribution, machinery, manufacturing, and transportation. Canopy Capital Partners was formed in 2015 and is based in Tampa, Florida.


DEAL STATS #
Overall 5 of 9
Sector (Business Services) 2 of 2
Type (Recapitalization) 5 of 6
State (Arkansas) 1 of 1
Country (United States) 5 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Alloy Cladding

Jupiter, Florida, United States

Alloy Cladding is a turnkey industry contractor, offering a variety of specialties including submerged arc stainless steel digester overlay, carbon steel buildup, portable field service machining, process piping system installations, digester component replacement, and pressure vessel alterations and re-ratings. Alloy Cladding was founded in 1956 and is based in Jupiter, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-11 Cloud 9 Services

Orlando, Florida, United States

Cloud 9 Services is an underground utility contractor offering a full suite of commercial and utility cleaning, inspection and repair services to government entities, contractors, property owners, and property managers. Fender Marine Construction (FMC) is a marine construction contractor performing all types of commercial and industrial marine construction for contractors, property managers, local government, and homeowners. Cloud 9 Services was formed in 2001 and is based in Orlando, Florida.

Buy -