M&A Deal Summary

HCAP Partners Acquires PAX Health

On March 12, 2024, growth capital firm HCAP Partners acquired healthcare services company PAX Health

Acquisition Highlights
  • This is HCAP Partners’ 8th transaction in the Healthcare Services sector.
  • This is HCAP Partners’ 61st transaction in the United States.
  • This is HCAP Partners’ 2nd transaction in New Jersey.

M&A Deal Summary
Date 2024-03-12
Target PAX Health
Sector Healthcare Services
Buyer(s) HCAP Partners
Deal Type Consolidation

Target

PAX Health

Red Bank, New Jersey, United States
PAX Health is a behavioral health company dedicated to providing innovative and comprehensive solutions for mental health and well-being. PAX Health is based in Red Bank, New Jersey.

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Buyer(S) 1

Buyer

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.

DEAL STATS #
Overall 62 of 64
Sector (Healthcare Services) 8 of 8
Type (Consolidation) 1 of 1
State (New Jersey) 2 of 2
Country (United States) 61 of 63
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Apprio

Washington, District of Columbia, United States

Apprio is a provider of specialized technology solutions, particularly for the Health, Defense and Homeland Security markets. The company combines the methodologies, discipline and thought-leadership provided by the large integrators with the cost structure and collaboration offered by smaller firms. Apprio was founded in 1998 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Gondola Skate Moving Systems

San Diego, California, United States

Gondola Skate Moving Systems is a premier fixture mobilization equipment supplier. The Company provides innovative products that allow retailers and warehouse operators to mobilize their shelving platforms, generally referred to as gondola fixtures. Gondola Skate Moving Systems was founded in 1997 and is based in San Diego, California.

Buy -
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