M&A Deal Summary |
|
|---|---|
| Date | 2023-09-20 |
| Target | ClearCompany |
| Sector | Software |
| Buyer(s) |
Gemspring Capital
Monroe Capital |
| Sellers(s) | Primus Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | First Analysis Corp. (Financial) Winston & Strawn (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2015 |
| PE ASSETS | 1.1B USD |
| Size | Large |
| Type | Sector Agnostic |
Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 32 |
| Sector (Software) | 4 of 4 |
| Type (Secondary Buyout) | 9 of 10 |
| State (Massachusetts) | 2 of 2 |
| Country (United States) | 28 of 32 |
| Year (2023) | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-05 |
Midland Industries
Kansas City, Missouri, United States Midland Industries is a distributor and manufacturer of more than 25,000 SKUs comprising fittings, couplings, valves, hoses, and related products. The company serves general industrial, hose, fluid power, plumbing, oil and gas, agriculture, water, truck and trailer, power transmission, original equipment manufacturers, and other end-markets. Midland Industries was founded in 1980 and is based in Kansas City, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-27 |
OCI
Brookville, Pennsylvania, United States OCI manufactures a wide range of products for geotechnical service companies and foundational drilling contractors including micropile casing, drill string, hammers and bits, augurs, core barrels, swivels, and other customized products. OCI was founded in 1998 and is based in Brookville, Pennsylvania. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 2004 |
| PE ASSETS | 14.1B USD |
| Size | Mega |
| Type | Sector Agnostic |
Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 100 of 115 |
| Sector (Software) | 4 of 4 |
| Type (Secondary Buyout) | 12 of 14 |
| State (Massachusetts) | 5 of 5 |
| Country (United States) | 99 of 114 |
| Year (2023) | 7 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-18 |
Bridgeport
Kalamazoo, Michigan, United States Bridgeport offers machine tool solutions for the global manufacturing community. Specializing in vertical milling equipment, the company possesses the ability to take on the most challenging manufacturing applications. Bridgeport offers a comprehensive range of services, including repair parts, field service, retrofit, and rebuild. Bridgeport was founded in 1938 and is based in Kalamazoo, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-27 |
Central Moloney
White Hall, Arkansas, United States Central Moloney is a manufacturer of critical infrastructure products for the U.S. electrical grid. CMI is a partner to leading utilities throughout the U.S., offering a full suite of customizable distribution transformers and transformer components. The Company operates three transformer and component manufacturing facilities with a combined 577,000 sq. ft. across Panama City Beach, Fla. Central Moloney was founded in 1949 and is based in White Hall, Arkansas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 900M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 42 of 46 |
| Sector (Software) | 9 of 9 |
| Type (Secondary Buyout) | 7 of 8 |
| State (Massachusetts) | 1 of 2 |
| Country (United States) | 41 of 45 |
| Year (2023) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-07 |
Netchex
Covington, Louisiana, United States Netchex is a web-based human capital management platform offering single sign-on, integrated solutions for the complete employee lifecycle. Netchex’s software features hiring, onboarding, payroll, human resources, time management, benefits, and reporting tools to control labor costs and enhance the employee experience. Netchex was founded in 2003 and is based in Covington, Louisiana. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-18 |
Prendio
Woburn, Massachusetts, United States Prendio is a provider of cloud-based (Software-as-a-Service) eProcurement software and supplier marketplace solutions for life sciences. Prendio was founded in 2015 and is based in Woburn, Massachusetts. |
Buy | - |
