M&A Deal Summary

H.I.G. Private Equity Acquires St. Croix Hospice

On October 19, 2020, private equity firm H.I.G. Private Equity acquired healthcare services company St. Croix Hospice from Vistria Group

Acquisition Highlights
  • This is H.I.G. Private Equity’s 21st transaction in the Healthcare Services sector.
  • This is H.I.G. Private Equity’s 178th transaction in the United States.
  • This is H.I.G. Private Equity’s 2nd transaction in Minnesota.

M&A Deal Summary

Date 2020-10-19
Target St. Croix Hospice
Sector Healthcare Services
Buyer(s) H.I.G. Private Equity
Sellers(s) Vistria Group
Deal Type Secondary Buyout
Advisor(s) Winston & Strawn (Legal)

Target

St. Croix Hospice

Oakdale, Minnesota, United States
St. Croix Hospice's corporate headquarters in St. Paul, Minnesota.
St. Croix Hospice's corporate headquarters in St. Paul, Minnesota.
St. Croix Hospice is a provider of hospice services. The Company delivers both hospice and a broader network of concurrent comfort and support services that are tailored to patients' and their family's individual needs and circumstances. St. Croix Hospice was founded in 2008 and based in Oakdale, Minnesota.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 269 of 369
Sector (Healthcare Services) 21 of 27
Type (Secondary Buyout) 37 of 68
State (Minnesota) 2 of 4
Country (United States) 178 of 245
Year (2020) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Hart & Cooley

Grand Rapids, Michigan, United States

Hart & Cooley is a manufacturer of HVAC and air distribution products, including vents, grilles, registers, diffusers, and rooftop and chimney products. Hart & Cooley was founded in 1901 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Capstone Logistics

Peachtree Corners, Georgia, United States

Capstone Logistics is a provider of outsourced supply chain solutions at nationwide distribution centers catering to the grocery, foodservice, retail, automotive, and 3PL verticals. Capstone was founded in 2011 and is based in Peachtree Corners, Georgia.

Buy -

Seller(S) 1

DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 5
Sector (Healthcare Services) 1 of 2
Type (Secondary Buyout) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-10 Really Great Reading

Cabin John, Maryland, United States

Really Great Reading is a provider of high-quality, foundational literacy curriculum for students in primary grades. Really Great Reading was founded in 2005 and is based in Cabin John, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Help at Home

Chicago, Illinois, United States

Help at Home is a home care provider delivering in-home care to seniors and persons with disabilities. Help at Home was founded in 1975 and is based in Chicago, Illinois.

Buy -