Secondary Buyout • Business Services

GreyLion Acquires Quick Med Claims

On November 12, 2018, growth capital firm GreyLion acquired business services company Quick Med Claims from Five Points Capital, LNC Partners and Wasena Capital Management

Acquisition Context
  • This is GreyLion’s 2nd transaction in the Business Services sector.
  • This is GreyLion’s 15th transaction in the United States.
  • This is GreyLion’s 1st transaction in Pennsylvania.

Explore All 832 Secondary Buyout Business Services Deals - Search the Database Free


M&A Deal Summary

Date November 12, 2018
Target Quick Med Claims
Sector Business Services
Buyer(s) GreyLion
Sellers(s) Five Points Capital
LNC Partners
Wasena Capital Management
Deal Type Secondary Buyout

Target Company

Quick Med Claims

Pittsburgh, Pennsylvania, United States
Quick Med Claims is a provider of outsourced RCM solutions covering the entire claim cycle with unique, dual expertise in air and ground emergency transport services. QMC’s services and solutions platform maximizes reimbursement, cash collection, and timing, and ensures compliance for its diverse EMS-focused customer base. Quick Med Claims was founded in 1991 and is based in Pittsburgh, Pennsylvania.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

GreyLion

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GreyLion is a private equity firm that primarily seeks lower middle-market investment opportunities throughout the US. Broad areas of interest include industrials, services, and consumer. The Firm looks to commit $25 to $100 million of equity in businesses valued up to $250 million. Prospective transaction situations include buyouts, recapitalizations, divestitures, and growth capital financings. GreyLion was formed in 2012 and is headquartered in New York, New York.


Deal Context for Buyer #
Overall 15 of 23
Sector: Business Services 2 of 3
Type: Secondary Buyout 3 of 4
State: Pennsylvania 1 of 2
Country: United States 15 of 21
Year: 2018 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 SkinSpirit

Palo Alto, California, United States

SkinSpirit is a provider of aesthetic skin and body care services with multiple locations in California and Washington. SkinSpirit was formed in 2003 and is headquartered in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 TickPick

New York City, New York, United States

TickPick is an online ticket marketplace that eliminates buyer service fees, providing a transparent platform to purchase tickets for sports, concerts, and other live events. TickPick was founded in 2011 and is based in New York City, New York.

Buy -

Seller Profiles 3

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


Deal Context for Seller #
Overall 34 of 58
Sector: Business Services 4 of 9
Type: Secondary Buyout 21 of 26
State: Pennsylvania 1 of 1
Country: United States 34 of 58
Year: 2018 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Corsica Technologies

Centreville, Maryland, United States

Corsica Technologies is a mature managed IT services provider serving small, midsize, and large organizations across the nation. Corsica's mission is clear - to provide customers with the best IT service possible, as efficiently as possible. Corsica Technologies was founded in 2003 and is based in Centreville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Fleetgistics

Orlando, Florida, United States

Fleetgistics, Inc. is a provider of outsourced same-day, dedicated route logistics services to customers predominantly located on the east coast of the United States. Fleetgistics was formed in 1987 and is based in Orlando, Florida.

Sell -
SELLER

LNC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $40 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Arlington, Virginia.


Deal Context for Seller #
Overall 21 of 27
Sector: Business Services 1 of 3
Type: Secondary Buyout 12 of 14
State: Pennsylvania 5 of 6
Country: United States 21 of 27
Year: 2018 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 ModSpace

Berwyn, Pennsylvania, United States

ModSpace is the largest privately held provider of office trailers, portable storage units and modular buildings for temporary or permanent space needs in North America. Building on nearly 50 years of experience, ModSpace serves a diverse set of customers and markets—including commercial, construction, education, government, health care, industrial, energy, disaster relief, franchise and special events—through an extensive branch network across the United States and Canada.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Terra Dotta

Chapel Hill, North Carolina, United States

Terra Dotta provides enrollment and student management software solutions primarily to the international study market. Terra Dotta’s core software plays a critical role within the daily workflow of university study abroad and international student offices, and helps employees manage all aspects of operations, from marketing to application intake and review, to student tracking. Terra Dotta was founded in 2001 and is based in Chapel Hill, North Carolina.

Buy -
DESCRIPTION

Wasena Capital Management is a private equity firm focused on lower middle-market company investments. Wasena will consider companies across the US and Canada with revenues of $7.5 to $100 million and at least $2.5 million of EBITDA. Target sectors include industrial manufacturing, value added distribution, healthcare services and business services with a particular interest in packaging, flow control, aerospace, consumer products, franchising and niche tech-enabled IT healthcare services. Wasena has a particular interest in partnering with management teams in businesses going through a transition. Wasena Capital Management is based in Vero Beach, Florida.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Secondary Buyout 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Science Interactive

Englewood, Colorado, United States

Science Interactive is a provider of K-12, higher education, museums, libraries, laboratories, and distributors worldwide with comprehensive, standard-aligned content and educational products, services, and software. Science Interactive is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Paxton/Patterson

Alsip, Illinois, United States

Paxton/Patterson is a provider of Career and Technical Education to elementary, middle, and high schools nationwide. The Company assists educators in preparing students for technical careers in engineering, computer science, health science, advanced manufacturing, green construction, and other sectors. School districts rely on Paxton to deliver a turnkey, custom program including digital curriculum, lab design, equipment, educator training, and ongoing educator support. Paxton/Patterson was founded in 1963 and is based in Alsip, Illinois.

Buy -