Investment Summary |
|
|---|---|
| Date | 2020-04-15 |
| Target | Altus Commercial Receivables |
| Sector | Business Services |
| Sellers(s) |
NewSpring Capital
Spring Capital Partners Evergreen Industries |
| Deal Type | Unknown |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 60 of 92 |
| Sector: Business Services M&A | 7 of 9 |
| Type: M&A Deals | 4 of 6 |
| State: Louisiana M&A | 1 of 1 |
| Country: United States M&A | 59 of 91 |
| Year: 2020 M&A | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-09 |
BRC Healthcare
Manor, Texas, United States BRC Healthcare provides individualized, gender-specific treatments to adults (aged 17+) with substance use disorders such as alcoholism, drug dependence, and other addiction disorders. The Company offers the full continuum of care from detox and intensive outpatient services to residential treatment to sober living, through its four high- quality clinical programs BRC Recovery, Spearhead Lodge, Makana Path and Segue Recovery. BRC Healthcare was founded in 2006 and is based in Austin, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-04 |
Spiro Health
Sandwich, Massachusetts, United States Spiro Health is a patient-centric, service-oriented post-acute care and home medical equipment provider. The company offers a diverse set of prescription-based home medical equipment (HME) and supplies that promote total sleep health and respiratory care. By leveraging new technology solutions, the company provides patients and partners with a seamless experience when ordering critical HME and supplies. Serving over 50,000 active patients, Spiro Health is dedicated to reducing the pain point for referral sources and patients and making their lives easier in the path toward better health and wellness. Spiro Health was founded in 2020 and is based in Sandwich, Massachusetts. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 600M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 25 |
| Sector: Business Services M&A | 4 of 4 |
| Type: M&A Deals | 1 of 1 |
| State: Louisiana M&A | 1 of 1 |
| Country: United States M&A | 21 of 25 |
| Year: 2020 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-12 |
Numet
Orange, Connecticut, United States Numetis a manufacturer of precision machined parts, kits, and assemblies for jet turbine engines for a wide variety of commercial and military aircraft. Numet serves original equipment manufacturers including GE Aircraft Engines and Pratt & Whitney Aircraft, as well as the Department of Defense. Numet was founded in 1983 and is based in Orange, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-08 |
Cybera
Franklin, Tennessee, United States Cybera is a provider of security as a service virtual application networks to enterprises. Cybera solves the networking and security needs of highly distributed enterprises. Cybera was founded in 2001 and is based in Franklin, Tennessee. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Evergreen Industries LLC is a private investment firm focused on 'high performing' businesses invests in the Mid-Atlantic US. Evergreen targets on companies with strong and defensible business models, diversified customers, differentiated products/services, as well as management continuity. The Firm seeks companies with $10 to $50 million in revenues and $2 to $6 million of stable cash-flows. Areas of interest include specialty manufacturing, healthcare devices/services, industrial technology, logistics/value-added distribution, and business/outsourcing services. Prospective transaction types include corporate divestitures, recapitalizations, MBOs and family businesses in transition. Evergreen Industries LLC was formed in 2005 and is based in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Business Services M&A | 1 of 1 |
| Type: M&A Deals | 1 of 1 |
| State: Louisiana M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-05 |
Altus Commercial Receivables
Metairie, Louisiana, United States Altus Commercial Receivables provides commercial debt recovery services to customers in the United States and abroad. The Company is a commercial receivable management agency offering receivable management outsourcing, domestic and international commercial collections, audit collection, and business receivable management training. Altus Commercial Receivables was established in 1994 and is based in Metairie, Louisiana. |
Buy | - |
