M&A Deal Summary

First Capital and Genesis Park Acquire Northpoint

On January 29, 2024, private equity firms First Capital and Genesis Park acquired business services company Northpoint

Acquisition Highlights
  • This is First Capital’s 4th and Genesis Park’s 4th transaction in the Business Services sector.
  • This is First Capital’s 10th and Genesis Park’s 32nd transaction in the United States.
  • This is First Capital’s 1st and Genesis Park’s 1st transaction in Utah.

M&A Deal Summary

Date 2024-01-29
Target Northpoint
Sector Business Services
Buyer(s) First Capital
Genesis Park
Deal Type Buyout (LBO, MBO, MBI)

Target

Northpoint

Salt Lake City, Utah, United States
Northpoint is a national single-family rental property management company that manages 8,100+ homes for retail and institutional investors across 40+ regions and 22 states. The company provides full-service property management, in-house maintenance, real estate brokerage, and institutional back-office services to its clients. Northpoint was formed in 2006 and is based in Salt Lake City, Utah.

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Buyer(S) 2

DESCRIPTION

LP First Capital is a private investment group focused on buy and build situations. The Firm will consider minority or majority positions in profitable platform companies with $3 to $10 million of EBITDA. Target sectors include business services, consumer services, healthcare services, education, and niche manufacturing. LP First Capital was formed in 2018 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 10 of 14
Sector: Business Services M&A 4 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 6
State: Utah M&A 1 of 1
Country: United States M&A 10 of 14
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Fastest Labs

San Antonio, Texas, United States

Fastest Labs is a provider of drug, alcohol, and DNA testing services, offering fast and accurate results for individuals, businesses, and government agencies. Fastest Labs was founded in 2008 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Carabelli

Austin, Texas, United States

Carabelli is a dental capital organization investing in emerging DSOs. Carabelli is based in Austin, Texas.

Buy -
Buyer

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($3 million) with $10 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 33 of 35
Sector: Business Services M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 13
State: Utah M&A 1 of 1
Country: United States M&A 32 of 34
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Dcc Packaging

Mountainside, New Jersey, United States

Dcc Packaging is a full-service printing and packaging provider, specializing in high-quality graphic solutions and custom folding cartons for a diverse cohort of clients across the United States. Dcc Packaging was founded in 1987 and is based in Mountainside, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Twenty20 Solutions

Irving, Texas, United States

Twenty20 Solutions is a global provider of automation and security technology, smart surveillance, monitoring, and access control solutions for on- and off-grid environments. It offers a full suite of AI and video analytics technologies, including object detection, facial recognition, license plate recognition, and thermal & radar detection. Twenty20 Solutions is based in Irving, Texas.

Sell -