M&A Deal Summary

Inverness Graham Investments and Balance Point Capital Partners Acquire BenefitHub

On April 10, 2024, private equity firm Inverness Graham Investments and mezzanine finance firm Balance Point Capital Partners acquired information technology company BenefitHub

Acquisition Highlights
  • This is Inverness Graham Investments’ 3rd and Balance Point Capital Partners’ 4th transaction in the Information Technology sector.
  • This is Inverness Graham Investments’ 35th and Balance Point Capital Partners’ 39th transaction in the United States.
  • This is Inverness Graham Investments’ 1st and Balance Point Capital Partners’ 3rd transaction in New York.

M&A Deal Summary
Date 2024-04-10
Target BenefitHub
Sector Information Technology
Buyer(s) Inverness Graham Investments
Balance Point Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

BenefitHub

New York City, New York, United States
BenefitHub provides a voluntary benefits and employee engagement platform serving over 10M employees, many of which are employed at global Fortune 1000 enterprise customers including Amazon, Walmart, Lowe’s, Johnson & Johnson, American Airlines, UPS, AT&T and Target. BenefitHub’s cloud-based technology platform enables employers the ability to offer their workforce with access to a large portfolio of voluntary benefits solutions, insurance products and discounted consumer goods and services, improving recruitment and employee retention. BenefitHub was founded in 1999 and is based in New York City.

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Buyer(S) 2

Buyer

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.

DEAL STATS #
Overall 35 of 36
Sector (Information Technology) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 16 of 16
State (New York) 1 of 1
Country (United States) 35 of 36
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Syntrio

Northbrook, Illinois, United States

Syntrio provides governance, risk, compliance, and human resource solutions that help more than 6,500 organizations make the workplace a better place. Its solutions include a comprehensive ethics reporting hotline and case management system, and seven modern training libraries in employment law and harassment, ethics and compliance, diversity and inclusion, health and safety, business skills, cybersecurity, and hotline learning. Syntrio is based in Northbrook, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 SwipeClock

South Jordan, Utah, United States

SwipeClock provides cloud‐based integrated workforce management software solutions that include automated time and attendance and advanced scheduling. SwipeClock was founded in 1999 and is based in South Jordan, Utah.

Sell -
Buyer

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 40 of 46
Sector (Information Technology) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 11 of 12
State (New York) 3 of 3
Country (United States) 39 of 44
Year (2024) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Innovia Medical

St. Paul, Minnesota, United States

Innovia Medical is a developer and manufacturer of products including ear, nose, and throat (ENT), Tissu-Trans, InstruSafe Instrument Protection Trays and Care + Maintenance Products, EarPopper and Minne Ties Agile MMF products. Innovia Medical was founded in 2015 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Firehook

Chantilly, Virginia, United States

Firehook is a baking business specializing in artisanal baked goods that deliver crunch, simple ingredients, and distinctive flavors. The company bakes all of its products in-house and is proudly Organic, Non-GMO Project Verified, Kosher, and SQF Certified. Firehook was formed in 1992 and is based in Chantilly, Virginia.

Buy -
Mergr

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