M&A Deal Summary

Falfurrias Capital Partners Acquires Ballast Research

On December 15, 2020, private equity firm Falfurrias Capital Partners acquired business services company Ballast Research from National Journal Group

Acquisition Highlights
  • This is Falfurrias Capital Partners’ 2nd transaction in the Business Services sector.
  • This is Falfurrias Capital Partners’ 21st transaction in the United States.
  • This is Falfurrias Capital Partners’ 2nd transaction in District of Columbia.
Investment Fate
  • Ballast Research merged with another company in 2022.

M&A Deal Summary

Date 2020-12-15
Target Ballast Research
Sector Business Services
Buyer(s) Falfurrias Capital Partners
Sellers(s) National Journal Group
Deal Type Divestiture
Advisor(s) Petsky Prunier (Financial)

Target

Ballast Research

Washington, District of Columbia, United States
Ballast Research is a provider of federal and state advisory consulting services. Ballast Research is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 21 of 44
Sector: Business Services M&A 2 of 9
Type: Divestiture M&A Deals 2 of 2
State: District of Columbia M&A 2 of 3
Country: United States M&A 21 of 42
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 American Safety Council

Orlando, Florida, United States

American Safety Council is a provider of e-Learning training solutions to address transportation and workplace safety, testing, medical continuing education, and other regulatory-driven training on behalf of the government, institutions of higher learning, business, and industry, and individual clients. American Safety Council was founded in 1998 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Crosslake Technologies

Charlotte, North Carolina, United States

Crosslake Technologies is an information technology and software development services company, providing services including transformational roadmaps, technical assessments, organizational, optimizations, quality assurance acceleration, devops, and it operations. Crosslake Technologies is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

National Journal Group

Washington, District of Columbia, United States

Category Company
Sector Business Services
DESCRIPTION

National Journal Group LLC serves government affairs professionals keeps members informed about key movements in people, politics, and policy. National Journal Group is based in Washington, District of Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: District of Columbia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1