M&A Deal Summary

Flexpoint Ford Acquires Parkview Health Services

On June 28, 2023, private equity firm Flexpoint Ford acquired life science company Parkview Health Services from The Anderson Group

Acquisition Highlights
  • This is Flexpoint Ford’s 2nd transaction in the Life Science sector.
  • This is Flexpoint Ford’s 46th transaction in the United States.
  • This is Flexpoint Ford’s 3rd transaction in New York.

M&A Deal Summary

Date 2023-06-28
Target Parkview Health Services
Sector Life Science
Buyer(s) Flexpoint Ford
Sellers(s) The Anderson Group
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Taft Stettinius & Hollister (Legal)

Target

Parkview Health Services

Buffalo, New York, United States
Parkview Health Services is a pharmacy service provider. The company's products and services to long-term care agencies, which include assisted living facilities, developmentally disabled residences, chemical dependency rehabilitation facilities, group homes, and mental health clinics. Parkview Health Services was founded in 1985 and is based in Buffalo, New York.

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Buyer(S) 1

Buyer

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 51 of 54
Sector (Life Science) 2 of 2
Type (Secondary Buyout) 13 of 13
State (New York) 3 of 3
Country (United States) 46 of 48
Year (2023) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Baker Hill

Carmel, Indiana, United States

Baker Hill is a provider of cloud-based, end-to-end loan origination, risk management, and analytics software that supports loan origination and loan portfolio management. Baker Hill was formed in 1983 and is based in Carmel, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Bridgehaven

London, United Kingdom

Bridgehaven's is a hybrid-fronting insurer of commercial & specialty lines. The Company supports MGAs and programme managers who have demonstrated a track record of profitable underwriting results and a focus on commercial and specialty risks. Bridgehaven is based in London, United Kingdom.

Buy -

Seller(S) 1

DESCRIPTION

The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 12 of 12
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 5 of 5
State (New York) 1 of 1
Country (United States) 12 of 12
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 FK Instrument

Clearwater, Florida, United States

FK Instrument is a manufacturer of superior quality, precision instrument parts. FK Instrument Co. provides mission-critical components that are required to meet incredibly tight tolerances. FK Instrument was founded in 1952 an is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 MetalMart

Commerce, California, United States

MetalMart specializes in the distribution of exotic specialty metals. The company is an AS9100 supplier of hard alloy aluminum extrusions and a distributor of wrought magnesium in North America. It supplies specialty metals including titanium, PH Steels, Hi Temperature alloys, and other aerospace quality requirements. MetalMart was formed in 1974 and is based in Commerce, California.

Buy -