M&A Deal Summary |
|
|---|---|
| Date | 2018-03-08 |
| Target | Engage2Excel |
| Sector | Business Services |
| Buyer(s) | Comvest Partners |
| Sellers(s) |
Maranon Capital
Gridiron Capital Brookside Equity Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Lincoln International Robert W. Baird & Co., Inc. (Financial) Moore & Van Allen (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 7.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 59 |
| Sector (Business Services) | 3 of 4 |
| Type (Secondary Buyout) | 4 of 10 |
| State (North Carolina) | 3 of 3 |
| Country (United States) | 41 of 58 |
| Year (2018) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-31 |
Citizens Rx
Oak Park, Illinois, United States Citizens Rx is a provider of pharmacy benefit management services, including formulary management, claims processing, and rebate administration. Citizens Rx was founded in 2009 and is based in Oak Park, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-28 |
AxisPoint Health
Westminster, Colorado, United States CMH Services Subsidiary LLC is a health care management company focused on care management,nurse advice line and analytics services, including CarePoint, GuidePoint and Analytix. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Maranon Capital LP is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non sponsored middle market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Prospective companies are valued between $30 and $150 million and generate $5 to $30 million of EBITDA. Maranon looks to invest $2 to $10 million for equity co-investments, $5 to $30 million for junior capital needs, and $10 to $50 million for senior debt requirements. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital LP was formed in 2007 and is based in Chicago. The Firm has additional offices in Birmingham, Michigan and South Bend, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 21 |
| Sector (Business Services) | 1 of 2 |
| Type (Secondary Buyout) | 7 of 14 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 11 of 21 |
| Year (2018) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-26 |
Action Fabricators
Grand Rapids, Michigan, United States Action Fabricators, Inc. is a premier converter of custom designed flexible materials, including custom made tapes, adhesives, non-adhesive backed foams and other specialty materials for numerous end market applications, including automotive, medical, electronics, security, furniture, appliance, and general industrial applications. Action provides its clients with cost-effective, value-added custom solutions to meet their specific application needs. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-02 |
HoofStrong
Fresno, California, United States HoofStrong is a provider of automated hoof bath systems and the preventative hoof care treatment products utilized in these systems for commercial dairies. HoofStrong was founded in 1999 and is based in Fresno, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 764M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 19 |
| Sector (Business Services) | 2 of 4 |
| Type (Secondary Buyout) | 5 of 10 |
| State (North Carolina) | 3 of 3 |
| Country (United States) | 10 of 19 |
| Year (2018) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-08 |
Ramsey Industries
Tulsa, Oklahoma, United States Ramsey Industries is a manufacturer of service cranes, industrial and commercial winches, planetary gear, and digger drives. Ramsey Industries was founded in 1944 and is based in Tulsa, Oklahoma. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-30 |
Motion Recruitment Partners
Boston, Massachusetts, United States Motion Recruitment Partners provides IT staffing and direct hire services focused on skilled, difficult-to-fill positions. Motion Recruitment Partners was formed in 1989 and is based in Boston, Massachusetts. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1977 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 28 |
| Sector (Business Services) | 6 of 7 |
| Type (Secondary Buyout) | 12 of 13 |
| State (North Carolina) | 4 of 4 |
| Country (United States) | 26 of 28 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-28 |
GroupAero
New York, New York, United States Aerospace Holdings, Inc. is a provider of advanced engineering, design and manufacturing services to space, commercial aerospace and defense markets. Aerospace Holdings is based in New York City. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-18 |
ENTRUST Solutions
Warrenville, Illinois, United States ENTRUST Solutions is an outsourced provider of comprehensive design, engineering, and consulting services to utilities in the U.S. ENTRUST Solutions offers customers a full spectrum of services with expertise in gas and electric distribution, pipeline infrastructure, automation systems, and integrity management solutions. ENTRUST Solutions is based in Warrenville, Illinois. |
Sell | - |
