M&A Deal Summary

Halifax Group Acquires StrataTech Education Group

On June 18, 2019, private equity firm Halifax Group acquired education company StrataTech Education Group from Graycliff Partners

Acquisition Highlights
  • This is Halifax Group’s 1st transaction in the Education sector.
  • This is Halifax Group’s 26th transaction in the United States.
  • This is Halifax Group’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2019-06-18
Target StrataTech Education Group
Sector Education
Buyer(s) Halifax Group
Sellers(s) Graycliff Partners
Deal Type Secondary Buyout

Target

StrataTech Education Group

Phoenix, Arizona, United States
StrataTech Education Group is focused on the education, growth, and development of specialized career education schools, particularly skilled-trade programs designed to address the nation’s growing infrastructure needs. StrataTech Education Group is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 30 of 45
Sector (Education) 1 of 1
Type (Secondary Buyout) 10 of 16
State (Arizona) 2 of 2
Country (United States) 26 of 40
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Animal Supply Company

Grand Prairie, Texas, United States

Animal Supply Company is a pet food and supply distributor that provides weekly service to customers nationwide. With more than 1,000,000 square feet of warehouse space and some of the most advanced distribution technologies available, the company delivers over 15,000 unique SKUs to more than 9,000 customers with market-leading efficiency and accuracy. Animal Supply Company was formed in 1987 and is based in Grand Prairie, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Prairie Industries

Prairie du Chien, Wisconsin, United States

Prairie Industries provides services for products in a variety of end markets including home improvement, safety, sanitation, and humidity control. It offers primary packaging and secondary packaging services as well as assembly and fabrication services at its four facilities. Prairie Industries is based in Prairie du Chien, Wisconsin.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 17 of 36
Sector (Education) 2 of 2
Type (Secondary Buyout) 4 of 12
State (Arizona) 1 of 3
Country (United States) 14 of 33
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Ingredients PLUS

Rochester, New York, United States

Ingredients PLUS is a manufacturer and distributor of essential liquid and dry sweeteners for quick service restaurant, specialty beverage, bakery, confectionery, and pharmaceutical customers, among others. Ingredients PLUS processes bulk sugar into a diverse range of products including bagged white and brown sugars, organic products, liquid sucrose, and corn syrups. Ingredients PLUS was founded in 1983 and is based in Rochester, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Naumann Hobbs Material Handling

Phoenix, Arizona, United States

Naumann Hobbs Material Handling is a full-service material handling dealership that leases, sells, and services a variety of electric and internal combustion forklifts and other commercial products. Naumann Hobbs operates along five lines of business that work together to provide the most attractive value proposition in this sector in the southwestern United States. Naumann Hobbs Material Handling was founded in 1949 and is based in Phoenix, Arizona.

Sell -
Mergr

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