M&A Deal Summary

Fourshore Partners Acquires North State Acceptance

On March 3, 2020, private equity firm Fourshore Partners acquired financial services company North State Acceptance from Pine Tree Equity Partners

Acquisition Highlights
  • This is Fourshore Partners’ 1st transaction in the Financial Services sector.
  • This is Fourshore Partners’ 1st transaction in the United States.
  • This is Fourshore Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-03-03
Target North State Acceptance
Sector Financial Services
Buyer(s) Fourshore Partners
Sellers(s) Pine Tree Equity Partners
Deal Type Secondary Buyout

Target

North State Acceptance

Raleigh, North Carolina, United States
North State Acceptance is an independent subprime auto finance company. It provides a full suite of auto loans and related finance products to under-banked consumers both indirectly through auto dealerships and on a direct basis. North State Acceptance was founded in 1997 and is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Fourshore Partners

Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Fourshore Partners is the private equity group of Fourshore Capital. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m. Sectors of interest include agribusiness, transportation, marine services, business services, niche manufacturing, distribution, and consumer. Fourshore Partner will consider businesses across the US but prefers opportunities in Florida and the Carribbean. Fourshore was founded in 2017 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 1 of 5
Sector (Financial Services) 1 of 4
Type (Secondary Buyout) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 5
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Genesis Capital Finance

Coral Gables, Florida, United States

Genesis Capital Finance is a specialty finance company that provides commercial loans to independent owner-operators in the long-haul trucking industry. Genesis Capital Finance was founded in 2011 and is based in Coral Gables, Florida.

Buy -

Seller(S) 1

SELLER

Pine Tree Equity Partners

Miami, Florida, United States
Category Private Equity Firm
Founded 2007
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION
Pine Tree Equity's corporate headquarters in Miami, Florida.
Pine Tree Equity's corporate headquarters in Miami, Florida.

Pine Tree Equity Partners is an investment firm focused on small-cap companies. Pine Tree generally looks to partner with management and typically invests $2 to $7 million per transaction. Areas of interest include business services, consumer services, financial services, consumer products, franchising, and niche manufacturing. Pine Tree Equity Partners was formed in 2007 and is based in Miami, Florida.

DEAL STATS #
Overall 11 of 13
Sector (Financial Services) 2 of 3
Type (Secondary Buyout) 6 of 7
State (North Carolina) 1 of 1
Country (United States) 11 of 13
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Kids SPOT

Hollywood, Florida, United States

Kids SPOT is a provider of speech, physical and occupational therapy for children who have physical and/or learning challenges due to congenital causes, illness, or injury. Kids SPOT was founded in 2006 and is based in Hollywood, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Innercept

Coeur d'Alene, Idaho, United States

Innercept is an adolescent (ages 13 to 17) and young adult (ages 18 to 28) medium-term, residential treatment facility providing treatment for mental and behavioral health disorders. Innercept is based in Coeur d'Alene, Idaho.

Buy -
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