M&A Deal Summary

Gemini Investors Acquires Action Equipment and Scaffold

On December 1, 2020, private equity firm Gemini Investors acquired business services company Action Equipment and Scaffold from Harbert Mezzanine Capital

Acquisition Highlights
  • This is Gemini Investors’ 14th transaction in the Business Services sector.
  • This is Gemini Investors’ 91st transaction in the United States.
  • This is Gemini Investors’ 7th transaction in Arizona.

M&A Deal Summary

Date 2020-12-01
Target Action Equipment and Scaffold
Sector Business Services
Buyer(s) Gemini Investors
Sellers(s) Harbert Mezzanine Capital
Deal Type Secondary Buyout

Target

Action Equipment and Scaffold

Phoenix, Arizona, United States
Action Equipment and Scaffold is a provider of full-service scaffolding rental and solutions to the industrial, government and commercial construction markets. Action Equipment and Scaffold was founded in 1953 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 91 of 96
Sector (Business Services) 14 of 14
Type (Secondary Buyout) 2 of 2
State (Arizona) 7 of 7
Country (United States) 91 of 96
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 AZ MediQuip

Scottsdale, Arizona, United States

AZ MediQuip is a retailer of home medical equipment and supplies, providing sales, rental, and repair for a broad range of products such as oxygen, CPAP, mobility scooters, power recline and lift chairs, hospital beds. AZ MediQuip was founded in 1982 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Solmetex

Marlborough, Massachusetts, United States

Solmetex is a provider of dental amalgam separator devices and amalgam recycling services to the dental industry. The company’s NXT Hg5™ Series of Amalgam Separators and recycling program, which treat dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Marlborough, Massachusetts.

Sell -

Seller(S) 1

DESCRIPTION

Harbert Mezzanine Capital is the junior capital investment arm of asset manager Harbert Management Corporation. Harbert Mezzanine looks to invest $3 to $15 million of subordinated debt to support growth needs, acquisitions, recapitalizations, or management buyouts of mid-sized companies throughout the US. Harbert Mezzanine Capital is based in Nashville, Tennessee.


DEAL STATS #
Overall 5 of 12
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 1 of 5
State (Arizona) 1 of 1
Country (United States) 5 of 12
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Clarke Solutions

Fishers, Indiana, United States

Clarke Solutions is a manufacturing and packaging services provider specializing in Validation and Verification, Project Management & Integration, Operations and Change Management, and Engineering – Subject Matter Expertise including Automation, Packaging, Serialization, and Vision. Clarke Solutions was founded in 1997 and is based in Fishers, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Doctor’s Choice Home Care

Sarasota, Florida, United States

Doctor’s Choice Home Care is a medicare certified home health agency. Doctor’s Choice Home Care was founded in 2007 and is based in Sarasota, Florida.

Sell $120M