M&A Deal Summary

Harvest Partners Structured Capital, Harvest Partners Private Equity and Silver Lake Acquire Integrity Marketing Group

On August 28, 2019, private equity firms Harvest Partners Structured Capital, Harvest Partners Private Equity and Silver Lake acquired insurance company Integrity Marketing Group from HGGC

Acquisition Highlights
  • This is Harvest Partners Structured Capital’s 2nd, Harvest Partners Private Equity’s 1st and Silver Lake’s 1st transaction in the Insurance sector.
  • This is Harvest Partners Structured Capital’s 22nd, Harvest Partners Private Equity’s 35th and Silver Lake’s 76th transaction in the United States.
  • This is Harvest Partners Structured Capital’s 3rd, Harvest Partners Private Equity’s 8th and Silver Lake’s 10th transaction in Texas.

M&A Deal Summary
Date 2019-08-28
Target Integrity Marketing Group
Sector Insurance
Buyer(s) Harvest Partners Structured Capital
Harvest Partners Private Equity
Silver Lake
Sellers(s) HGGC
Deal Type Recapitalization

Target

Integrity Marketing Group

Dallas, Texas, United States
Integrity Marketing Group is a distributor of life and health insurance products focused on serving the senior market. Integrity Marketing Group was founded in 2006 and headquartered in Dallas, Texas.

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Buyer(S) 3

Buyer

Harvest Partners Structured Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Large
Type Sector Agnostic
DESCRIPTION

Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.

DEAL STATS #
Overall 23 of 31
Sector (Insurance) 2 of 3
Type (Recapitalization) 4 of 6
State (Texas) 3 of 3
Country (United States) 22 of 30
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Avantor

Radnor, Pennsylvania, United States

Avantor is a provider of ultra-high purity materials and customized solutions to customers in the life sciences and advanced technology markets. Avantor was incorporated in 1904 and is based in Radnor, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-22 Service Express

Grand Rapids, Michigan, United States

Service Express is a provider of Third Party Maintenance (“TPM”) services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan.

Buy -
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 38 of 49
Sector (Insurance) 1 of 2
Type (Recapitalization) 7 of 8
State (Texas) 8 of 9
Country (United States) 35 of 46
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Garretson Resolution Group

Cincinnati, Ohio, United States

Garretson Resolution Group is a neutral provider of services to parties who are settling personal injury claims. Company provides outsourced medical lien resolution and complex settlement administration services for law firms, corporations, insurance companies, plaintiffs and defendants in mass tort, class action and single event litigations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 TruckPro

Cordova, Tennessee, United States

TruckPro is an independent distributor of heavy-duty aftermarket truck parts and accessories in the U.S. TruckPro distributes a full range of products that cover maintenance and repair events for substantially all major OEMs of heavy-duty vehicles. TruckPro sells its products to over 35,000 customers in numerous end markets, including small, regional and national trucking companies; private fleets; waste services companies; construction companies; municipalities and independent repair shops. TruckPro, Inc. was founded in 1958 and is based in Memphis, Tennessee.

Sell -
Buyer

Silver Lake

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 102 of 135
Sector (Insurance) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 10 of 11
Country (United States) 76 of 95
Year (2019) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 EverCommerce

Denver, Colorado, United States

EverCommerce is a service commerce platform, connecting best-of-breed marketing, business management, and customer retention technology solutions for more than 200,000 service sector organizations across the globe. EverCommerce provides comprehensive solutions for businesses in the high-growth Home & Field Service, Health Service, and Fitness & Wellness industries. EverCommerce was founded in 2016 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 con-pearl

thuringen, Germany

con-pearl is a recycled plastics processing company that produces high-quality, environmentally-friendly products and components for the automotive and packaging industries. con-pearl is based in thuringen, Germany.

Sell -

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 14 of 24
Sector (Insurance) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 1 of 2
Country (United States) 12 of 21
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Monotype

Woburn, Massachusetts, United States

Monotype is a provider of typefaces, technology, and expertise that enable the best user experience and ensure brand integrity. Monotype provides customers worldwide with typeface solutions for a broad range of creative applications and consumer devices. Monotype is based in Woburn, Massachusetts.

Buy $825M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Innovative Interfaces

Emeryville, California, United States

Innovative Interfaces, Inc. is a provider of library automation software and systems that empower libraries and enrich their users worldwide. Innovative offers one of the most comprehensive portfolios of library automation products on the market today, serving academic, public, national, corporate, and special libraries and consortia. Headquartered in Emeryville, California, Innovative has a global presence serving thousands of libraries in 66 countries and offices worldwide.

Sell -
Mergr

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