M&A Deal Summary

Harvest Partners and Kelso Acquire ReSource Pro

On December 13, 2021, private equity firms Harvest Partners and Kelso acquired business services company ReSource Pro from DFW Capital Partners

Acquisition Highlights
  • This is Harvest Partners’ 7th and Kelso’s 7th transaction in the Business Services sector.
  • This is Harvest Partners’ 59th and Kelso’s 64th transaction in the United States.
  • This is Harvest Partners’ 3rd and Kelso’s 8th transaction in New York.

M&A Deal Summary

Date 2021-12-13
Target ReSource Pro
Sector Business Services
Buyer(s) Harvest Partners
Kelso
Sellers(s) DFW Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

ReSource Pro

New York City, New York, United States
ReSource Pro is a provider of outsourced business process management solutions within the property & casualty insurance market. The Company provides administrative services across the insurance policy lifecycle for brokers, managed general agents, carriers and third-party administrators. ReSource Pro was founded in 2003 and is based in New York City, New York.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a Investment firm provides Private Equity and Structured Capital focused on buyout, growth capital, minority position, and non-control investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA). Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, marketing, building products and distribution companies valued between $100 and $1000 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 63 of 71
Sector: Business Services M&A 7 of 7
Type: Secondary Buyout M&A Deals 31 of 35
State: New York M&A 3 of 4
Country: United States M&A 59 of 67
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 Fortis Solutions Group

Virginia Beach, Virginia, United States

Fortis Solutions Group is a provider of pressure sensitive labels, flexible packaging, shrink sleeves, folding cartons, and label applicators. Fortis Solutions Group was founded in 1979 and is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Buy -
Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 75 of 81
Sector: Business Services M&A 7 of 9
Type: Secondary Buyout M&A Deals 19 of 22
State: New York M&A 8 of 8
Country: United States M&A 64 of 70
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Eacom

Montreal, Quebec, Canada

Eacom is a manufacturer, marketer, and distributor of lumber, wood chips, and wood-based value-added products, and the management of forest resources. Eacom owns eight sawmills, all located in Eastern Canada, and related tenures. Eacom was formed in 2008 and is based in Montreal, Quebec.

Sell CA$490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Refresh Mental Health

Jacksonville Beach, Florida, United States

Refresh Mental Health through its centers provides comprehensive mental health services, while some specialize in eating disorders, substance abuse, Transcranial Magnetic Stimulation (TMS), and neurofeedback services. Refresh invests in clinical professionals. The company not only provides financial backing but also support practices with business and marketing infrastructure. Refresh Mental Health was formed in 2017 and is based in Jacksonville Beach, Florida.

Sell -

Seller(S) 1

SELLER

DFW Capital Partners

New York, New Jersey, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DFW Capital Partners is a private equity firm that invests in high-growth middle-market service companies generating revenues up to $200 million. Specific service areas of interest include business services, industrial services, and healthcare services. Prospective transactions include growth capital financing, acquisition financing, management buyouts, and recapitalization. DFW will not invest in start-ups, real estate, or pure R&D companies. DFW Capital Partners was formed in 1983 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 23 of 26
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 12 of 12
State: New York M&A 1 of 1
Country: United States M&A 23 of 26
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 American Track

Fort Worth, Texas, United States

American Track specializes in the inspection, repair, maintenance, design, and construction of railroad tracks, predominantly for private industrial users. American Track was founded in 1978 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Herspiegel

Yardley, Pennsylvania, United States

Herspiegel is a provider of commercial strategy and implementation consulting for the pharmaceutical and biotechnology industry. Herspiegel Consulting has advised start-ups to Fortune 100 pharmaceutical clients on commercial projects across a diverse array of service offerings including product launch readiness, marketing, market access, medical affairs, and patient services. Herspiegel was founded in 2007 and is based in Yardley, Pennsylvania.

Buy -