M&A Deal Summary

High Street Capital Acquires CRFS

On January 1, 2015, private equity firm High Street Capital acquired insurance company CRFS

Acquisition Highlights
  • This is High Street Capital’s 2nd transaction in the Insurance sector.
  • This is High Street Capital’s 15th transaction in the United States.
  • This is High Street Capital’s 1st transaction in New York.

M&A Deal Summary
Date 2015-01-01
Target CRFS
Sector Insurance
Buyer(s) High Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

CRFS

Albion, New York, United States
CRFS is a provider of post-default mortgage insurance claims services for FHA, VA and investor claims as well as due diligence, loss analysis and timeline oversight for investors and servicers of FHA, VA, and other mortgages. CRFS was founded in 2002 and is based in Albion, New York.

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Buyer(S) 1

Buyer

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 15 of 26
Sector (Insurance) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 14
State (New York) 1 of 1
Country (United States) 15 of 26
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Can-Do National Tape

Nashville, Tennessee, United States

Can-Do National Tape is a distributor of value-add conversion and custom-engineered products such as pressure-sensitive adhesive tapes, foams, films, foils, and related materials. Can-Do National Tape was founded in 1972 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Avomeen

Ann Arbor, Michigan, United States

Avomeen LLC is a full-service chemical testing laboratory with unique product testing and formulation development expertise. The Company specializes in deformation analysis (reverse engineering), research and development support, stability testing, litigation support services, failure analysis, and pharmaceutical analysis and testing. Avomeen was founded in 2010 and is based in Ann Arbor, Michigan.

Buy -
Mergr

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