M&A Deal Summary

HiGro Group and Jacmel Growth Partners Acquire Daida

On March 20, 2018, private equity firms HiGro Group and Jacmel Growth Partners acquired business services company Daida

Acquisition Highlights
  • This is HiGro Group’s 2nd and Jacmel Growth Partners’ 1st transaction in the Business Services sector.
  • This is HiGro Group’s 2nd and Jacmel Growth Partners’ 1st transaction in the United States.
  • This is HiGro Group’s 1st and Jacmel Growth Partners’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-03-20
Target Daida
Sector Business Services
Buyer(s) HiGro Group
Jacmel Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Daida

Springfield Township, New Jersey, United States
Daida is a provider of BPO and DTS solutions to clients across the corporate, education, government, and healthcare verticals. DRS offers an array of technologies and services that include on-site revenue cycle management, image conversion, and consulting. Daida was founded in 1964 and is based in Springfield Township, New Jersey.

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Buyer(S) 2

Buyer

HiGro Group

Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

The HiGro Group is a private investment firm focused on providing control equity investments in lower middle-market companies. The Firm looks to invest in service-oriented companies with EBITDA ranging between $3 and $10 million. Prospective transaction types include management buyouts and growth financings. Sectors of interest include business services, healthcare services, IT, life science, medical products, and software. The HiGro Group was formed in 2016 and is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 EMSAR

Austin, Texas, United States

EMSAR is a service solutions provider offering services and repairs across a diverse set of vertical industries for global leaders in the healthcare, laboratory, critical power, security, and self-service kiosk industries. EMSAR was founded in 1998 and is based in Austin, Texas.

Buy -
Buyer

Jacmel Growth Partners

Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Jacmel Partners is a private equity firm focused on family-owned and owner-operated businesses in the middle-market. The Firm targets business services companies that operate in fragmented industries with a specific focus on infrastructure, information, and tech-enabled business services. Jacmel Partners was founded in 2015 and is based in New York, New York.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Arora Engineers

Chadds Ford, Pennsylvania, United States

Arora Engineers provides engineering, program/construction management, information technology, and facilities management services tailored for clients in aviation, transportation, education, government, and commercial sectors. The firm specializes in mechanical, electrical, plumbing (MEP), fire/life safety, special systems, and geospatial technologies. Arora Engineers was founded in 1986 and is based in Chadds Ford, Pennsylvania.

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