M&A Deal Summary

Diversified Acquires Technical Innovations

On February 9, 2016, Diversified acquired media company Technical Innovations from MSouth Equity Partners and New Canaan Funding

Acquisition Highlights
  • This is Diversified’s 1st transaction in the Media sector.
  • This is Diversified’s 1st transaction in the United States.
  • This is Diversified’s 1st transaction in Georgia.

M&A Deal Summary
Date 2016-02-09
Target Technical Innovations
Sector Media
Buyer(s) Diversified
Sellers(s) MSouth Equity Partners
New Canaan Funding
Deal Type Merger

Target

Technical Innovations

Norcross, Georgia, United States
Technical Innovation is a provider of custom design-build audio visual integration services and digital multimedia technology. The Company focuses on providing video-centric communication solutions to corporations, state and federal government agencies, universities, professional organizations and faith-based markets. Due to the Company's experience as an audio visual systems designer as well as its proprietary design-build integration process, Technical Innovation is uniquely positioned to provide its customers with comprehensive, customized services including turnkey design-build projects, custom software development and integration, full project management and ongoing customer support.

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Buyer(S) 1

Buyer

Diversified

Kenilworth, New Jersey, United States
Category Company
Founded 1993
Sector Information Technology
Employees800
Revenue 400M USD (2015)
DESCRIPTION

Diversified is a nationwide provider of media technology, consulting, engineering, management and integration services to Fortune 500 corporate customers, educational institutions, broadcast facilities and large scale performance venues. Diversified was founded in 1993 and is based in Kenilworth, New Jersey.

DEAL STATS #
Overall 1 of 6
Sector (Media) 1 of 1
Type (Merger) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 5
Year (2016) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 The Systems Group

Hoboken, New Jersey, United States

The Systems Group, Inc. is an internationally recognized reputation for consulting, design, and integration around broadcast-LAN architecture and file based workflows.

Buy -

Seller(S) 2

SELLER

MSouth Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

MSouth Equity Partners is a private equity firm focused on mid-sized company investments and acquisitions valued between $25 and $250 million. The Firm prefers opportunities in Southern US and looks to commit $25 to $100 million per transaction. Sectors of interest include distribution, business services, media, telecom, and specialty manufacturing. MSouth is the successor to private equity firm, Cravey, Green & Wahlen, Inc. which was founded in 1984. MSouth Equity Partners is based in Atlanta, Georgia.

DEAL STATS #
Overall 12 of 31
Sector (Media) 1 of 2
Type (Merger) 1 of 2
State (Georgia) 7 of 14
Country (United States) 12 of 31
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Safemark

Orlando, Florida, United States

Safemark is a provider of technology-enabled secure storage, mobility and guest amenity solutions. Safemark operates three brands (Safemark, Best Lockers and ScooterBug) whose products enable the Company to reach a broad set of end markets, including water parks, theme/amusement parks, resorts, hotels, zoos, and casinos, among others.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Diversified

Kenilworth, New Jersey, United States

Diversified is a nationwide provider of media technology, consulting, engineering, management and integration services to Fortune 500 corporate customers, educational institutions, broadcast facilities and large scale performance venues. Diversified was founded in 1993 and is based in Kenilworth, New Jersey.

Buy -
SELLER

New Canaan Funding

New Canaan, Connecticut, United States
Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.

DEAL STATS #
Overall 31 of 36
Sector (Media) 1 of 1
Type (Merger) 1 of 1
State (Georgia) 2 of 3
Country (United States) 30 of 35
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Nutrition Physiology

Guymon, Oklahoma, United States

Nutrition Physiology Co. LLC is a researcher, developer, marketer and supplier of natural and organic, feed additives designed to improve overall herd health and feed efficiency in cattle feedlots and dairies.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Science Care Holdings

Phoenix, Arizona, United States

Science Care Holdings, Inc. is a non-transplant human tissue (“NTHT”) bank. The company provides medical device companies, medical schools, and hospitals with NTHT services for training and research purposes. Science Care sources tissue through voluntary whole body donation programs, prepares tissue specimens based on customer demand and specifications, and transports the tissue to its domestic and international client base.

Buy -
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