M&A Deal Summary

Hamilton Robinson Capital Partners and Advantage Capital Partners Acquire WorkforceQA

On December 21, 2021, private equity firm Hamilton Robinson Capital Partners and growth capital firm Advantage Capital Partners acquired business services company WorkforceQA

Acquisition Highlights
  • This is Hamilton Robinson Capital Partners’ 3rd and Advantage Capital Partners’ 12th transaction in the Business Services sector.
  • This is Hamilton Robinson Capital Partners’ 26th and Advantage Capital Partners’ 262nd transaction in the United States.
  • This is Hamilton Robinson Capital Partners’ 1st and Advantage Capital Partners’ 9th transaction in Utah.

M&A Deal Summary
Date 2021-12-21
Target WorkforceQA
Sector Business Services
Buyer(s) Hamilton Robinson Capital Partners
Advantage Capital Partners
Deal Type Recapitalization
Advisor(s) Citizens Capital Markets (Financial)

Target

WorkforceQA

Salt Lake City, Utah, United States
WorkforceQA is a third-party administrator of DOT drug and alcohol testing, employee screening, and CSA compliance services. The company provides MRO, collection, and TPA services to thousands of employers across the country. WorkforceQA founded in 2006 and is based in Salt Lake City, Utah.

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Buyer(S) 2

Buyer

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 28 of 30
Sector (Business Services) 3 of 3
Type (Recapitalization) 8 of 9
State (Utah) 1 of 1
Country (United States) 26 of 28
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Horizon Bradco

Schenectady, New York, United States

Horizon Bradco offers grocery and convenience store customers best-in-class equipment solutions including hot-side, refrigeration and HVAC repair, preventive maintenance, installation, and equipment sales. The company operates across three divisions – Horizon Bradco, Allied Mechanical Services, and 5-Star Refrigeration – and strengthens Smart Care’s existing service markets while adding expertise in full-service equipment solutions for food retail customers. Horizon Bradco was founded in 1987 and is based in Schenectady, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Signal Control Products

Branchburg, New Jersey, United States

Signal Control Products is a value-added distributor and solutions provider of signal control equipment used to manage the intersections and roadways of today while building safer, faster, and more efficient signal control systems for tomorrow’s integrated traffic mobility. Signal Control was founded in 1975 and headquartered in Branchburg, New Jersey.

Buy -
Buyer

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 264 of 272
Sector (Business Services) 12 of 12
Type (Recapitalization) 4 of 4
State (Utah) 9 of 10
Country (United States) 262 of 270
Year (2021) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Nectar Bath Treats

Las Vegas, Nevada, United States

Nectar Bath Treats is an online and retail destination for joyful self-care and unique bath and body confections. Nectar Bath Treats was founded in 2015 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Prism

Austin, Texas, United States

Prism is a booking software that solves the unique productivity issues of music industry pros around the world. Prism aims to streamline and centralize the process of managing concerts and events. By replacing error-prone spreadsheets with a secure, mobile-friendly platform, teams can manage more with less. Prism was founded in 2016 and is based in Austin, Texas.

Buy -
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