M&A Deal Summary

Founders Equity Acquires AdvantEdge Healthcare Solutions

On November 20, 2006, private equity firm Founders Equity acquired business services company AdvantEdge Healthcare Solutions

Acquisition Highlights
  • This is Founders Equity’s 1st transaction in the Business Services sector.
  • This is Founders Equity’s 9th transaction in the United States.
  • This is Founders Equity’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2006-11-20
Target AdvantEdge Healthcare Solutions
Sector Business Services
Buyer(s) Founders Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

AdvantEdge Healthcare Solutions

Warren, New Jersey, United States
AdvantEdge Healthcare Solutions is a business process outsourcer (“BPO”) and application service provider (“ASP”) that offers medical claims transaction processing through its proprietary, scalable web-based practice management system to physicians and third-party billing companies. AdvantEdge Healthcare Solutions was founded in 1999 and is based in Warren, New Jersey.

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Buyer(S) 1

Buyer

Founders Equity

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1969
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Founders Equity is a private equity firm that looks to lead lower middle-market company investments. Founders looks to invest up to $10 million of equity in companies with revenues between $20 and $150 million and cash-flow between $2 and $15 million. Sectors of interest include business and marketing services, outsourcing and logistics, healthcare services, environmental services, security systems, oilfield services, consumer products and services, food/food Services, franchising, and niche manufacturing. Prospective transactions are generally located East of the Rocky Mountains and include management buyouts, recapitalizations, turnarounds, growth financings, take privates, and corporate divestitures. Founders Equity was formed in 1969 and is based in New York City.

DEAL STATS #
Overall 9 of 12
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (New Jersey) 1 of 1
Country (United States) 9 of 12
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-14 Stone Source

New York, New York, United States

Stone Source provides natural stone, porcelain tile, ceramic tile, glass tile, engineered stone, and reclaimed wood. Stone Source also distributes products for residential applications. Stone Source was founded in 1988 and is based in New York City.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-16 Pay-O-Matic

Syosset, New York, United States

Pay-O-Maticis a check cashing and related financial services company that provides check changing services, prepaid administrations, an offer of cash orders, shopper charge installments and travel toll cards. Pay-O-Matic was founded in 1950 and is based in Syosset, New York.

Buy -
Mergr

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