M&A Deal Summary

Havencrest Capital Management Acquires Tekton

On September 7, 2023, private equity firm Havencrest Capital Management acquired life science company Tekton

Acquisition Highlights
  • This is Havencrest Capital Management’s 1st transaction in the Life Science sector.
  • This is Havencrest Capital Management’s 8th transaction in the United States.
  • This is Havencrest Capital Management’s 4th transaction in Texas.

M&A Deal Summary
Date 2023-09-07
Target Tekton
Sector Life Science
Buyer(s) Havencrest Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Edgemont Capital Partners LP (Financial)
JonesSpross (Legal)

Target

Tekton

Austin, Texas, United States
Tekton is a clinical trial site network with 23 sites across Texas, Colorado, Georgia, Kansas, and Oklahoma. It conducts clinical trials across several therapeutic areas, including vaccines and infectious disease, neurology, endocrinology, immunology, and dermatology, among others. Tekton was formed in 2006 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Havencrest Capital Management

Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Havencrest Capital Management is a Dallas-based, private equity fund manager specializing in the healthcare industry. Founded by long-time healthcare investor Christopher W. Kersey, M.D., M.B.A., Havencrest comprises a blue-chip team of investment partners, operating partners and senior advisors including some of the nation’s leading entrepreneurs, corporate executives and public policy experts.

DEAL STATS #
Overall 8 of 9
Sector (Life Science) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Texas) 4 of 5
Country (United States) 8 of 9
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Avid Health at Home

Chicago, Illinois, United States

Avid Health at Home delivers exceptional personalized in-home care services by hiring compassionate people who believe in taking care of our clients, fellow employees, and the communities we serve. Avid Health at Home was founded in 2023 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Focus Staff Services

Dallas, Texas, United States

Focus Staff Services provides both nurse and allied staffing services, across all 50 states, to many of the country's leading integrated delivery networks, acute care hospitals and other healthcare facilities. Focus Staff Services was founded in 2009 and based in Dallas, Texas.

Buy -
Mergr

Product

Company

Legal