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  6. Great Hill Partners Acquires RetireeFirst

M&A Deal Summary

Great Hill Partners Acquires RetireeFirst

On July 29, 2021, private equity firm Great Hill Partners acquired business services company RetireeFirst

Acquisition Highlights
  • This is Great Hill Partners’ 8th transaction in the Business Services sector.
  • This is Great Hill Partners’ 79th transaction in the United States.
  • This is Great Hill Partners’ 3rd transaction in New Jersey.

M&A Deal Summary
Date 2021-07-29
Target RetireeFirst
Sector Business Services
Buyer(s) Great Hill Partners
Deal Type Recapitalization

Target

RetireeFirst

Mount Laurel, New Jersey, United States
RetireeFirst is a group retiree Medicare benefit manager that serves labor unions, public sector entities, and private corporations. It offers tailored benefit plans, full-service account management, and concierge retiree advocacy for plan sponsors and their retirees, that enhances benefit quality while driving material cost savings. RetireeFirst was formed in 2005 and is based in Mount Laurel, New Jersey.

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Buyer(S) 1

Buyer

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 94 of 98
Sector: Business Services M&A 8 of 8
Type: Recapitalization M&A Deals 15 of 15
State: New Jersey M&A 3 of 3
Country: United States M&A 79 of 82
Year: 2021 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 PartsSource

Aurora, Ohio, United States

PartsSource is a provider of proprietary software solutions related to the acquisition and life cycle management of medical repair parts. PartsSource has been recognized by clinical engineers and healthcare executives alike for its unique ePartsFinder application for its ability to increase department efficiencies while reducing costs through its award-winning SmartPrice technology. PartsSource was founded in 2001 and is based in Aurora, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 MineralTree

Waltham, Massachusetts, United States

MineralTree is a provider of accounts payable and payment automation solutions for middle-market businesses. More than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions, rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. MineralTree was founded in 2010 and is based in Waltham, Massachusetts.

Sell $500M
Mergr

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