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M&A Deal Summary

Eos Acquires RCG Global Services

On December 19, 2013, asset manager Eos acquired information technology company RCG Global Services from Reliance Insurance Company

Acquisition Highlights
  • This is Eos’ 2nd transaction in the Information Technology sector.
  • This is Eos’ 36th transaction in the United States.
  • This is Eos’ 1st transaction in New Jersey.
Investment Fate
  • RCG Global Services was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2013-12-19
Target RCG Global Services
Sector Information Technology
Buyer(s) Eos
Sellers(s) Reliance Insurance Company
Deal Type Divestiture
Advisor(s) Signal Hill Capital
DC Advisory (Financial)

Target

RCG Global Services

Iselin, New Jersey, United States
RCG Global Services provides end-to-end digital transformation and managed services via its U.S., Philippines, and India-based workforce that serves customers in the financial and insurance services, consumer, and healthcare sectors. RCG Global Services was founded in 1974 and is based in Iselin, New Jersey.

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Buyer(S) 1

Buyer

Eos

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eos is an investment firm with strategies covering private equity, public equity, and credit markets. The Firm targets businesses generating sales of $25 to $500 million and EBITDA of $5 to $50 million. Eos invests in businesses under-going ownership changes, divestitures, management buyouts or and recapitalizations. The Firm invests up to $100 million per transaction. Target sectors include business/outsourced services, alternative media/marketing, healthcare services, transportation/logistics, infrastructure/environmental services, energy, and financial services. Eos was formed in 1994 and is based in New York City.

DEAL STATS #
Overall 36 of 41
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 1 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 36 of 41
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Promo Works

Schaumburg, Illinois, United States

PromoWorks offers unique strategies that enhance the retail experience through customized shopper engagement and product sampling/demonstration events.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 CRS Proppants

Houston, Texas, United States

CRS Proppants, which provides raw and resin coated sand to oilfield service and exploration & production companies for use in hydraulic fracturing of oil and gas wells

Sell $225M

Seller(S) 1

SELLER

Reliance Insurance Company

Philadelphia, Pennsylvania, United States
Category Company
Founded 1817
Sector Insurance
DESCRIPTION

Reliance Insurance Company provides insurance services.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
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