M&A Deal Summary

Cornell Capital and Trilantic North America Acquire Ingenovis Health

On February 8, 2021, private equity firms Cornell Capital and Trilantic North America acquired staffing company Ingenovis Health

Acquisition Highlights
  • This is Cornell Capital’s 1st and Trilantic North America’s 2nd transaction in the Staffing sector.
  • This is Cornell Capital’s 10th and Trilantic North America’s 42nd transaction in the United States.
  • This is Cornell Capital’s 1st and Trilantic North America’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-02-08
Target Ingenovis Health
Sector Staffing
Buyer(s) Cornell Capital
Trilantic North America
Deal Type Consolidation

Target

Ingenovis Health

Cincinnati, Ohio, United States
Ingenovis Health is a tech-enabled platform for healthcare staffing firms and innovative technology to advance the delivery of critical healthcare clinicians to systems nationwide. Ingenovis Health is based in Cincinnati, Ohio.

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Buyer(S) 2

Buyer

Cornell Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cornell Capital is a private investment firm that seeks to partner with strong management teams to build businesses. Cornell Capital does not have any sector preferences and focuses on opportunities across the US. Cornell Capital was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 12 of 17
Sector (Staffing) 1 of 2
Type (Consolidation) 1 of 1
State (Ohio) 1 of 1
Country (United States) 10 of 14
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Talcott Resolution

Windsor, Connecticut, United States

Talcott Resolution is an insurance company with capabilities including extensive life insurance and annuity product knowledge and rigorous risk and liability management. Talcott's primary blocks of business are variable annuities, fixed annuities, structured settlements, and corporate-owned life insurance. Talcott Resolution is based in Windsor, Connecticut.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Innovations in Nutrition + Wellness

Carrollton, Texas, United States

Innovations in Nutrition + Wellness is a provider of differentiated nutritional and wellness products across multiple form factors, serving on-trend specialty health, functional food, immunity support, digestive health, holistic health, fit & active lifestyle, skincare and pet care markets. Innovations in Nutrition + Wellness was founded in 2014 and is based in Carrollton, Texas.

Buy -
Buyer

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 44 of 55
Sector (Staffing) 2 of 3
Type (Consolidation) 2 of 2
State (Ohio) 1 of 1
Country (United States) 42 of 53
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Tercera

Boston, Massachusetts, United States

Tercera is an advisory firm specializing in technology professional services. Tercera’s mission is to empower the people and businesses that make technology work. Tercera will achieve this mission by providing founders and leaders of professional services businesses with the capital, counsel and connections they need to grow faster and outperform their competitors. Tercera was founded in 2020 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 RoadSafe Traffic Systems

Chicago, Illinois, United States

RoadSafe Traffic Systems is a provider in the U.S. of temporary traffic control devices on a rental basis, pavement marking and sign installation services. Roadsafe's customers consist of contractors, state and local departments of transportation and other agencies and railroad and utility companies engaged in highway and street construction and maintenance. Roadsafe also operates a studio equipment rental business engaged in the rental of aerial lift and other high-reach equipment for feature film, episodic television, commercials and video production in the greater Los Angeles area and in Albuquerque, New Mexico. RoadSafe Traffic Systems is based in Chicago, Illinois.

Buy -