M&A Deal Summary

OPTrust Private Markets Group and Imperial Capital Acquire Ackerman Security Systems

On April 1, 2015, pension OPTrust Private Markets Group and private equity firm Imperial Capital acquired safety/security company Ackerman Security Systems from Bariston Partners, Peterson Partners and Sverica

Acquisition Highlights
  • This is OPTrust Private Markets Group’s 1st and Imperial Capital’s 1st transaction in the Safety/Security sector.
  • This is OPTrust Private Markets Group’s 1st and Imperial Capital’s 5th transaction in the United States.
  • This is OPTrust Private Markets Group’s 1st and Imperial Capital’s 1st transaction in Georgia.

M&A Deal Summary
Date 2015-04-01
Target Ackerman Security Systems
Sector Safety/Security
Buyer(s) OPTrust Private Markets Group
Imperial Capital
Sellers(s) Bariston Partners
Peterson Partners
Sverica
Deal Type Secondary Buyout

Target

Ackerman Security Systems

Peachtree Corners, Georgia, United States
Ackerman Security Systems provides security systems and services for residential and commercial sectors. It offers motion detectors, smoke detectors, remote control systems, burglary and fire systems, access control, monitoring services, security consulting, CCTV surveillance systems, remote video viewing and storage systems, and video badging systems. Ackerman Security Systems was founded in 1992 and is based in Peachtree Corners, Georgia.

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Buyer(S) 2

Buyer

OPTrust Private Markets Group

Investor Investor Investor Investor Investor

Category Pension
Founded 2005
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OPTrust Private Markets Group is the private equity arm of OPTrust, a Canadian pension fund administrator that oversees the OPSEU Pension Plan. The Private Markets Group looks to build a diversified portfolio of private equity and infrastructure assets. The private equity group focuses on making buyout and growth capital investments, as well as investments which generate steady streams of cash flows with a moderate level of growth and lower volatility. The infrastructure investment group focuses on principal and platform investment opportunities in transportation, communications, power generation, resource extraction, midstream energy, utilities, water and waste water, and waste management. The OPTrust Private Markets Group was formed in 2005 and is headquartered in Toronto.

DEAL STATS #
Overall 3 of 6
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-28 Dental

Toronto, Ontario, Canada

Dental is a provider of dental practices in Canada offering strategic and tactical resources to support the personal and professional growth ambitions of its dentists while allowing them to retain full clinical and operating autonomy. Dental was incorporated in 2011 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 AmeriVet

San Antonio, Texas, United States

AmeriVet partners with experienced established veterinarians looking to adapt and grow their practices and provides best-in-class operational resources to support their success. Its joint venture partnership model has proven popular amongst veterinarians. AmeriVet was formed in 2016 and is based in San Antonio, Texas.

Buy -
Buyer

Imperial Capital

Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.8B CAD
Size Large
Type Sector Focused
DESCRIPTION

Imperial Capital Group is a private equity firm focused on investments and acquisitions in the healthcare, business services, and consumer services sectors. The Firm will consider opportunities throughout the US and Canada and generally looks at companies with $20 to $250 million of revenue and up to $40 million of EBITDA. Imperial Capital Group was formed in 1989 and is headquartered in Toronto.

DEAL STATS #
Overall 12 of 27
Sector (Safety/Security) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Georgia) 1 of 1
Country (United States) 5 of 20
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Beefeaters

North Bergen, New Jersey, United States

Petra Pet, Inc. is a developer, marketer, and distributor of pet food products, with an emphasis on dog treats and supplements. Petra Pet is based in North Bergen, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 Lise Watier Cosmétiques

Ville Mont-Royal, Quebec, Canada

LiseLise Watier Cosmétiques, Inc. is a developer and manufacturer of cosmetics, skincare, and fragrances sold through department stores and drugstores. Lise Watier Cosmétiques was founded in 1965 and is based in Ville Mont-Royal, Quebec.

Sell CA$18M

Seller(S) 3

SELLER

Bariston Partners

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Bariston Partners LLC is a private investment group firm targets middle-market company buyouts alongside management teams. The Firm looks for opportunities valued between $20 and $100 million. Bariston seeks businesses where the firm has industry-specific expertise, and will assist management in improving business operations post acquisition. The Firm typically avoids companies with a high-level of technology risk. Bariston Partners was formed in 1997 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 6 of 6
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 4 of 4
State (Georgia) 1 of 1
Country (United States) 6 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Health Watch Holdings

Cherry Hill, New Jersey, United States

Health Watch Holdings, Inc., (Health Watch), based in Cherry Hill, New Jersey, is the second largest provider of personal response systems (“PRS”) and monitoring services in the United States. The PRS industry serves the needs of medically at-risk elders and disabled individuals who wish to remain in their own homes.

Sell $130M
SELLER

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 19 of 33
Sector (Safety/Security) 3 of 4
Type (Secondary Buyout) 6 of 12
State (Georgia) 1 of 1
Country (United States) 19 of 30
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Elevated Billing Solutions

South Jordan, Utah, United States

Elevated Billing Solutions is a financial services company specializes in substance abuse and mental health billing services. Elevated Billing Solutions was established in 2011 and is based in South Jordan, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Integra Partners

New York, New York, United States

Integra Partners LLC is a healthcare network manager that connects Orthotics and Prosthetics (O&P) and Durable Medical Equipment (DME) providers with health plans and their patients. Integra Partners was established in 2005 and is based in New York City.

Sell -
SELLER

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $150 million. Sverica looks to commit $15 to $50 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.

DEAL STATS #
Overall 8 of 28
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 1 of 10
State (Georgia) 1 of 1
Country (United States) 7 of 24
Year (2015) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-22 Resonetics

Nashua, New Hampshire, United States

Resonetics is a pioneer in laser micro-manufacturing and provides contract manufacturing services to the life sciences industry. Resonetics designs build and integrate its own laser workstations to solve complex manufacturing challenges and has invested heavily in leading-edge technology. Resonetics was founded in 1987 and is based in Nashua, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 RestorixHealth

Metairie, Louisiana, United States

RestorixHealth is a provider of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). RestorixHealth focuses on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. RestorixHealth was established in 1997 and is based in Metairie, Louisiana.

Sell -
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