M&A Deal Summary

Housatonic Partners Acquires ONRAD

On February 1, 2009, private equity firm Housatonic Partners acquired healthcare services company ONRAD

Acquisition Highlights
  • This is Housatonic Partners’ 6th transaction in the Healthcare Services sector.
  • This is Housatonic Partners’ 42nd transaction in the United States.
  • This is Housatonic Partners’ 13th transaction in California.

M&A Deal Summary

Date 2009-02-01
Target ONRAD
Sector Healthcare Services
Buyer(s) Housatonic Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ONRAD

Riverside, California, United States
ONRAD is a teleradiology company, offering remote read capabilities to hospitals, radiology groups, and imaging centers. ONRAD was founded in 1998 and is based in Riverside, California.

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Buyer(S) 1

Buyer

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 42 of 79
Sector: Healthcare Services M&A 6 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 33
State: California M&A 13 of 17
Country: United States M&A 42 of 73
Year: 2009 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-03 Precis Communications

Price, Utah, United States

Precis Communications, LLC operates as a broadband communications company. The company focuses on providing cable television service, digital cable entertainment, and cable and wireless Internet service. It offers cable TV services, such as digital cable, basic cable, HDTV service, and DVR service; data services; and communications services, including Internet access, local channels, and a way to advertise businesses. The company also provides computer services, which include computer repair, equipment, speed test, and support. Precis Communications offers its services in Utah, Nevada, and Arizona

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-27 OASIS Group

Dublin, Ireland

OASIS Group is a largest and most diverse professional records and information management companies in Europe. OASIS provides secure offsite records storage and related services to businesses: hard copy paper storage, media storage, imaging, digital archiving, and destruction services. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. OASIS Group was established in 1999 and is based in Dublin, Ireland.

Buy -