M&A Deal Summary

Gen Cap America and Tenth Street Capital Acquire Mid America Specialty Services

On May 31, 2018, private equity firm Gen Cap America and mezzanine finance firm Tenth Street Capital acquired business services company Mid America Specialty Services

Acquisition Highlights
  • This is Gen Cap America’s 4th and Tenth Street Capital’s 2nd transaction in the Business Services sector.
  • This is Gen Cap America’s 46th and Tenth Street Capital’s 35th transaction in the United States.
  • This is Gen Cap America’s 3rd and Tenth Street Capital’s 1st transaction in Missouri.

M&A Deal Summary

Date 2018-05-31
Target Mid America Specialty Services
Sector Business Services
Buyer(s) Gen Cap America
Tenth Street Capital
Deal Type Recapitalization

Target

Mid America Specialty Services

Ozark, Missouri, United States
Mid America Specialty Services is a provider of architectural restoration and related maintenance services for the metal, stone, wood, and glass surfaces. Mid America Specialty Services was founded in 1985 and is based in Ozark, Missouri.

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Buyer(S) 2

Buyer

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 47 of 57
Sector (Business Services) 4 of 5
Type (Recapitalization) 2 of 2
State (Missouri) 3 of 3
Country (United States) 46 of 56
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 CoreMedical Group

Manchester, New Hampshire, United States

CoreMedical Group is a healthcare staffing and recruiting agency that brings more than 25 years of experience to the placement of traveling nurses (RN, LPN), traveling therapists (PT, OT, SLP), permanent nurses (RN, staff and management levels), and physicians (MD, Locum Tenens). CoreMedical Group was founded in 1989 and is based in Manchester, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Orthopedic Physical Therapy Products

Minneapolis, Minnesota, United States

OPTP is a provider of innovative physical therapy, fitness and wellness products, including exclusive tools and publications developed by renowned experts. OPTP’s diverse range of products, including products such as foam rollers, lumbar rolls, and exercise balls, are sold directly to healthcare professionals, clinics, personal trainers, and individuals, as well as through distributors and resellers. OPTP was founded in 1979 and is based in Minneapolis, Minnesota.

Buy -
Buyer

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 35 of 35
Sector (Business Services) 2 of 2
Type (Recapitalization) 6 of 6
State (Missouri) 1 of 1
Country (United States) 35 of 35
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 VersiCare Group

Troy, Michigan, United States

VersiCare Group is a provider of home and community-based care for individuals of all ages with intellectual and developmental disabilities. VersiCare Group was founded in 2018 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-19 Krystal

Dunwoody, Georgia, United States

Krystal is an operator of a chain of restaurants well known for its signature menu item, the famous Krystal Burger, with its steamed-in onion flavor. Krystal hamburgers are still served fresh and hot off the grill on the iconic square bun at 300 restaurants in 10 states. Krystal was founded in 1932 and is based in Dunwoody, Georgia.

Sell -