M&A Deal Summary

EnableComp Acquires EnableComp

On December 20, 2021, EnableComp acquired business services company EnableComp from Primus Capital and PNC Erieview Capital

Acquisition Highlights
  • This is EnableComp’s 2nd transaction in the Business Services sector.
  • This is EnableComp’s 2nd transaction in the United States.
  • This is EnableComp’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2021-12-20
Target EnableComp
Sector Business Services
Buyer(s) EnableComp
Sellers(s) Primus Capital
PNC Erieview Capital
Deal Type Merger

Target

EnableComp

Franklin, Tennessee, United States
EnableComp is a provider of workers' compensation, Veteran Affairs, and other complex claims processing solutions, facilitated by its proprietary software, Enforcer360. EnableComp was founded in 2000 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

EnableComp

Franklin, Tennessee, United States

Category Company
Founded 2009
Sector Business Services
DESCRIPTION

EnableComp is a revenue cycle partner specializing in the management and resolution of complex claims. The company works with hospitals, health systems, and physician groups to drive reimbursement and increase claims recovery through their core services of workers' compensation, motor vehicle accident, out-of-state Medicaid, ERISA, US Department of Veterans Affairs, and other military claims, and additional complex cases. EnableComp was formed in 2009 and is based in Franklin, Tennessee.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 Caid Solutions

Glendale, Arizona, United States

Caid Solutions is a provider of enrollment, billing, and collection services for out-of-state Medicaid claims for over 140 hospitals across the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 ANI Healthcare Solutions

San Francisco, California, United States

ANI Healthcare Solutions is a revenue cycle company specializing in Denials Management and Zero Balance Payment Reviews for hospitals nationwide. ANI Healthcare Solutions was founded in 2001 and is based in San Francisco, California.

Buy -

Seller(S) 2

SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 38 of 47
Sector: Business Services M&A 4 of 4
Type: Merger M&A Deals 2 of 2
State: Tennessee M&A 3 of 4
Country: United States M&A 37 of 46
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Ambition

Chattanooga, Tennessee, United States

Ambition provides sales organizations get real-time performance insights and create revenue-driving culture. Its platform is used by clients like Aerotek, UPS, Wayfair, Prezi and Arrive Logistics to create transparent, goal-oriented, and inspired sales teams and call centers. Ambition was formed in 2013 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Corl

Atlanta, Georgia, United States

Corl is a provider of vendor risk management solutions for the healthcare industry. Corl was founded in 2012 and is based in Atlanta, Georgia.

Buy -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 10 of 15
Sector: Business Services M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 10 of 15
Year: 2021 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Northstar Recycling

East Longmeadow, Massachusetts, United States

Northstar Recycling is an asset-light provider of sustainability-oriented managed waste and recycling solutions to food, consumer packaged goods, and other industrial clients. Northstar Recycling helps its customers recycle more and landfill less by diverting organic and other waste streams from landfills into a variety of beneficial reuse applications with the support of its robust network of recycling outlet partners. Northstar Recycling was founded in 1896 and is based in East Longmeadow, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Munch s Supply

Hillside, Illinois, United States

Munch's Supply is an HVAC distributor and third-generation family business focused exclusively on supplying heating and cooling industry contractors with quality products. Munch's Supply was founded in 1956 and is based in Hillside, Illinois.

Sell -