M&A Deal Summary

Harvest Partners Private Equity Acquires OnPoint Group

On March 13, 2017, private equity firm Harvest Partners Private Equity acquired business services company OnPoint Group from CI Capital Partners

Acquisition Highlights
  • This is Harvest Partners Private Equity’s 4th transaction in the Business Services sector.
  • This is Harvest Partners Private Equity’s 32nd transaction in the United States.
  • This is Harvest Partners Private Equity’s 5th transaction in Ohio.

M&A Deal Summary
Date 2017-03-13
Target OnPoint Group
Sector Business Services
Buyer(s) Harvest Partners Private Equity
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

OnPoint Group

Perrysburg, Ohio, United States
OnPoint Group is a North American provider of management and maintenance services for doors, docks, material handling and warehouse accessories through its industry leading divisions: TFS, Miner, TrueSource, and Concentric. Based in Perrysburg, OH, OnPoint Group has more than 600 technicians in over 80 locations to consistently deliver efficiency, safety and productivity to customers responsible for maintaining multifacility operations.

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Buyer(S) 1

Buyer

Harvest Partners Private Equity

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 private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 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 35 of 49
Sector (Business Services) 4 of 6
Type (Secondary Buyout) 18 of 27
State (Ohio) 5 of 6
Country (United States) 32 of 46
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Granicus

Denver, Colorado, United States

Granicus is a provider of cloud-based government transparency, legislative management and digital marketing solutions for government agencies across North America and the United Kingdom. The Company’s software solutions empower government organizations to create better lives for their constituents by enabling better decision making, communications and engagement while driving significant organizational efficiency via the automation of daily legislative workflows. Granicus was founded in 1999 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 EyeCare Services Partners

Dallas, Texas, United States

EyeCare Services Partners is a provider of comprehensive practice management services to over 100 ophthalmologists and optometrists in its 46 clinics and seven ambulatory surgery centers across five states. EyeCare Services Partners was founded in 2014 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.

DEAL STATS #
Overall 15 of 27
Sector (Business Services) 2 of 4
Type (Secondary Buyout) 6 of 14
State (Ohio) 1 of 3
Country (United States) 12 of 24
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Simplified Logistics

Westlake, Ohio, United States

Simplified Logistics is a third-party logistics (3PL) provider with a focus on less-than-truckload (LTL) transportation management services. Simplified's comprehensive service offering includes logistics consulting, transportation management, customer reporting, and freight audit and payment services. Simplified was founded in 2003 and is based in Westlake, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 SavATree

Bedford Hills, New York, United States

SavATree is a provider of tree care, plant health care, and lawn care services to residential, commercial, and government customers. SavATree was founded in 1984 and is based in Bedford Hills, New York.

Buy -
Mergr

Product

Company

Legal