M&A Deal Summary

Everberg Capital and MTM Acquire Veyo

On June 8, 2022, private equity firm Everberg Capital and MTM acquired transportation company Veyo from HCAP Partners

Acquisition Highlights
  • This is Everberg Capital’s 2nd and MTM’s 1st transaction in the Transportation sector.
  • This is Everberg Capital’s 16th and MTM’s 1st transaction in the United States.
  • This is Everberg Capital’s 5th and MTM’s 1st transaction in California.

M&A Deal Summary
Date 2022-06-08
Target Veyo
Sector Transportation
Buyer(s) Everberg Capital
MTM
Sellers(s) HCAP Partners
Deal Type Add-on Acquisition

Target

Veyo

San Diego, California, United States
Veyo is a non-emergency medical transportation company. Veyo sought to reinvent the patient transportation model by integrating consumer technology with healthcare-credentialed rideshare fleets to decrease costs and increase efficiency. Veyo was founded in 2016 and is based in San Diego, California.

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Buyer(S) 2

Buyer

Everberg Capital

Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

Everberg Capital is a private investment firm that looks to partner with family-owned businesses, entrepreneurs, and financial sponsors with capital for acquisition financing, leveraged buyouts, growth opportunities, and recapitalizations. Broad areas of interest include industrials, business services, consumer products/services, and healthcare. Everberg can invest across the capital structure and seeks to commit $10 to $100 million per transaction. Everberg Capital was formed in 2019 and is based in New York City.

DEAL STATS #
Overall 18 of 18
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 5 of 5
Country (United States) 16 of 16
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 GoAuto

Baton Rouge, Louisiana, United States

GoAuto is a tech-focused, vertically integrated personal auto insurance platform providing low-limit policies through its managing general agent and insurance carrier subsidiaries. GoAuto was founded in 2009 and is headquartered in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Omni Logistics

Coppell, Texas, United States

Omni Logistics is a provider of global third-party logistics services, including freight forwarding, eCommerce fulfillment, and other value-added supply chain services. Omni Logistics was founded in 2000 and is based in Coppell, Texas.

Sell $150M
Buyer

MTM

St. Louis, Missouri, United States
Category Company
Founded 1995
Sector Transportation
DESCRIPTION

MTM is non-emergency medical transportation (NEMT) broker. Leveraging technology to streamline processes and improve the user experience for all stakeholders, MTM’s wide spectrum of services helps clients improve health outcomes, promote independence, reduce costs, and increase satisfaction. MTM was founded in 1995 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.

DEAL STATS #
Overall 30 of 31
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 15 of 16
State (California) 21 of 21
Country (United States) 30 of 31
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 FleetNurse

Eugene, Oregon, United States

FleetNurse uses gig economy technology to efficiently provide on-demand, qualified, credentialed healthcare professionals to fill open, critical shifts at healthcare facilities. Its solutions improve staffing levels and reduce staffing-related costs for such facilities while providing nurses and nursing assistants unprecedented flexibility in their work lives. FleetNurse was formed in 2019 and is based in Eugene, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Lumifi Cyber

Scottsdale, Arizona, United States

Lumifi Cyber is a next-generation managed detection and response (MDR) cybersecurity software provider. Lumifi Cyber's cutting-edge platform combines attack simulation, automated remediation, and continuous threat monitoring software with a proactive managed cybersecurity service that delivers continuous end-to-end protection for businesses nationwide against ransomware and the latest security threats. Lumifi Cyber is based in Scottsdale, Arizona.

Buy -
Mergr

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