M&A Deal Summary |
|
|---|---|
| Date | 2021-12-10 |
| Target | Goettl Air Conditioning & Plumbing |
| Sector | Business Services |
| Buyer(s) |
Cortec Group
Golub Capital Adams Street Partners |
| Sellers(s) | Baum Capital Partners |
| Deal Type | Recapitalization |
| Advisor(s) | Cowen Group, Inc. (Financial) Perkins Coie Goodwin Procter (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 6.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 49 |
| Sector (Business Services) | 4 of 5 |
| Type (Recapitalization) | 9 of 11 |
| State (Nevada) | 1 of 1 |
| Country (United States) | 44 of 48 |
| Year (2021) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-16 |
Pink Lily
Bowling Green, Kentucky, United States Pink Lily is a direct-to-consumer eCommerce retailer of women’s apparel, footwear, and accessories. The Company seeks to empower women by providing an ever-changing assortment of affordable products. Pink Lily was founded in 2014 and is based in Bowling Green, Kentucky. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-01 |
Circle Surrogacy
Boston, Massachusetts, United States Circle Surrogacy is a provider of surrogacy agency focused on helping infertile couples manage the surrogacy process from end to end. Circle Surrogacy was founded in 1995 and is based in Boston, Massachusetts. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 67 of 68 |
| Sector (Business Services) | 4 of 4 |
| Type (Recapitalization) | 11 of 11 |
| State (Nevada) | 3 of 3 |
| Country (United States) | 65 of 66 |
| Year (2021) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-11 |
Pentec Health
Glen Mills, Pennsylvania, United States Pentec Health is a provider of specialty infusion services to patients who require access to complex pharmaceutical products and services outside of the hospital setting. Pentec Health was founded in 1983 and is based in Glen Mills, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-04 |
MD Now Urgent Care
West Palm Beach, Florida, United States MD Now Urgent Care offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely, and affordable medical treatment for non-life-threatening injuries and illnesses 8 am-8 pm, 365 days per year, annually serving hundreds of thousands of patients with exemplary satisfaction ratings. MD Now Urgent Care was founded in 2005 and is based in West Palm Beach, Florida. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 1972 |
| PE ASSETS | 60.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 146 of 148 |
| Sector (Business Services) | 6 of 6 |
| Type (Recapitalization) | 5 of 5 |
| State (Nevada) | 3 of 3 |
| Country (United States) | 134 of 136 |
| Year (2021) | 12 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-07 |
Vacasa
Portland, Oregon, United States Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-25 |
Dremio
Santa Clara, California, United States Dremio provides a SQL data lakehouse platform that enables enterprises to run interactive analytics at high speeds directly on cloud storage providers such as AWS and Azure. The company's platform reimagines the data lake service to eliminate costly, complex, and rigid data pipelines to move and copy data into proprietary data warehouses. Dremio was founded in 2015 and is based in Santa Clara, California. |
Buy | - |
Baum Capital Partners is a private investment firm focused on providing equity capital and knowledge to profitable lower middle-market companies with $2 to $7 million of EBITDA. The Firm will consider investing in businesses across the US, with a preference for majority ownership in transactions that include carve-outs and founder owned companies looking to transition. Sectors of interest include business services, consumer services, education, training, software, testing services, and healthcare. Baum Capital Partners is headquartered in Kansas City, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Business Services) | 1 of 1 |
| Type (Recapitalization) | 1 of 1 |
| State (Nevada) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-27 |
Goettl Air Conditioning & Plumbing
Las Vegas, Nevada, United States Goettl Air Conditioning & Plumbing is a provider of AC and heating equipment and a full range of maintenance, repair and replacement services. Goettl operates in the Phoenix, Tucson, Las Vegas and Southern California areas. All Goettl technicians are background-checked, drug-tested and receive continuous technical training to make them the best in the industry. Goettl Air Conditioning & Plumbing was founded in 1939 and is based in Las Vegas, Nevada. |
Buy | - |
