M&A Deal Summary

Gryphon Investors Acquires Wind River Environmental

On April 4, 2017, private equity firm Gryphon Investors acquired environmental company Wind River Environmental from RFE Investment Partners

Acquisition Highlights
  • This is Gryphon Investors’ 2nd transaction in the Environmental sector.
  • This is Gryphon Investors’ 41st transaction in the United States.
  • This is Gryphon Investors’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-04-04
Target Wind River Environmental
Sector Environmental
Buyer(s) Gryphon Investors
Sellers(s) RFE Investment Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Finn Dixon & Herling (Legal)

Target

Wind River Environmental

Hudson, Massachusetts, United States
Wind River Environmental LLC is a provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States. Wind River provides non-discretionary and regulatory-driven non-hazardous waste removal and treatment services to a wide range of commercial, residential, and municipal customers across the Eastern U.S. With more than 25 locations, Wind River serves a diversified blue-chip customer base including national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods. Wind River Environmental, LLC was founded in 1946 and is based in Hudson, Massachusetts.

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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 41 of 82
Sector (Environmental) 2 of 2
Type (Secondary Buyout) 8 of 27
State (Massachusetts) 1 of 1
Country (United States) 41 of 81
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 C.B. Fleet

Lynchburg, Virginia, United States

C.B. Fleet Co., Inc. is a consumer healthcare manufacturer and marketer of personal care and over-the-counter products in the feminine hygiene, gastrointestinal, and infant care categories.

Sell $825M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 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.

Buy -

Seller(S) 1

SELLER

RFE Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
Size Large
Type Sector Agnostic
DESCRIPTION

RFE Investment Partners is a private equity firm focused on investing in lower middle-market service, manufacturing and healthcare service businesses. Prospective companies are generally profitable with annual cash-flow of at least $5 million. Target businesses also have proven management, defensible market positions, and 'a clearly identified and growing market'. RFE looks to commit $10 to $35 million of equity capital per transaction to support acquisitions, management led buyouts, and recapitalizations. RFE is licensed as a SBIC and was formed in 1979. RFE Investment Partners is based in New Canaan, Connecticut.

DEAL STATS #
Overall 8 of 14
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 4 of 7
State (Massachusetts) 2 of 2
Country (United States) 8 of 14
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 EnsembleIQ

Chicago, Illinois, United States

EnsembleIQ is a business intelligence resource company involved in helping people and their organizations succeed. They empower retailers, consumer goods manufacturers, technology vendors, marketing agencies and a vast ecosystem of service providers by leveraging an integrated network of media and information resources that inform, connect and provide actionable marketplace intelligence. Stagnito Business Information, Edgell Communications and the Path to Purchase Institute have joined forces to form EnsembleIQ. EnsembleIQ was founded in 2016 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Brook & Whittle

Guilford, Connecticut, United States

Brook & Whittle is a manufacturer of premium prime label solutions with highly differentiated capabilities, entrusted by some of the most well-known brands. The Company provides pressure-sensitive labels, shrink sleeves, and flexible packaging, with a focus on sustainable solutions and decorative effects requiring significant technical expertise. Brook & Whittle was founded in 1995 and is based in Guilford, Connecticut.

Sell -
Mergr

Product

Company

Legal