M&A Deal Summary

Gryphon Investors Acquires Southern HVAC

On October 4, 2021, private equity firm Gryphon Investors acquired business services company Southern HVAC from MSouth Equity Partners

Acquisition Highlights
  • This is Gryphon Investors’ 6th transaction in the Business Services sector.
  • This is Gryphon Investors’ 68th transaction in the United States.
  • This is Gryphon Investors’ 5th transaction in Florida.

M&A Deal Summary

Date 2021-10-04
Target Southern HVAC
Sector Business Services
Buyer(s) Gryphon Investors
Sellers(s) MSouth Equity Partners
Deal Type Secondary Buyout
Advisor(s) DLA Piper (Legal)

Target

Southern HVAC

Maitland, Florida, United States
Southern HVAC is a residential home services provider, specializing in HVAC, plumbing and electrical maintenance, service & replacement. Southern operates multiple brands throughout central Florida, North Carolina, and Texas. Southern HVAC was founded in 2016 and is based in Maitland, Florida.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 69 of 82
Sector (Business Services) 6 of 6
Type (Secondary Buyout) 21 of 27
State (Florida) 5 of 5
Country (United States) 68 of 81
Year (2021) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Ob Hospitalist Group

Greenville, South Carolina, United States

Ob Hospitalist Group is a provider of 24/7 obstetric coverage, serving approximately 200 hospitals across 34 states. OBHG’s national network of over 1,100 skilled and dedicated obstetric physicians provides best‐in‐class critical care while improving patient safety and clinical outcomes. The Company’s specialized services benefit patients, physicians, payors, community OB/GYN groups, and hospitals, and supports long‐term growth for its partners. Ob Hospitalist Group was founded in 2006 and is based in Greenville, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Metagenics

Aliso Viejo, California, United States

Metagenics is a provider of medical foods and nutraceuticals to medical practitioners worldwide. Metagenics was founded in 1983 and is based in Aliso Viejo, California.

Buy -

Seller(S) 1

SELLER

MSouth Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

MSouth Equity Partners is a private equity firm focused on mid-sized company investments and acquisitions valued between $25 and $250 million. The Firm prefers opportunities in Southern US and looks to commit $25 to $100 million per transaction. Sectors of interest include distribution, business services, media, telecom, and specialty manufacturing. MSouth is the successor to private equity firm, Cravey, Green & Wahlen, Inc. which was founded in 1984. MSouth Equity Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 28 of 31
Sector (Business Services) 3 of 5
Type (Secondary Buyout) 12 of 13
State (Florida) 3 of 3
Country (United States) 28 of 31
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 Lync Health Partners

Nashville, Tennessee, United States

Lync Health Partners is specializes in the acquisition, development, growth and management of ambulatory surgery centers across the country. Lync Health Partners is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Hire Dynamics

Duluth, Georgia, United States

Hire Dynamics is a staffing provider with 12 branch offices and 22 on-site locations throughout the Southeast. Hire Dynamics now serves more than 550 clients and offers work to more than 22,000 individuals, including 300 veterans. Hire Dynamics was founded in 2001 and is based in Duluth, Georgia.

Sell -