M&A Deal Summary

Inverness Graham Investments Acquires KICTeam

On May 1, 2020, private equity firm Inverness Graham Investments acquired manufacturer KICTeam from Anvil Capital

Acquisition Highlights
  • This is Inverness Graham Investments’ 5th transaction in the Manufacturing sector.
  • This is Inverness Graham Investments’ 27th transaction in the United States.
  • This is Inverness Graham Investments’ 1st transaction in Maine.

M&A Deal Summary
Date 2020-05-01
Target KICTeam
Sector Manufacturing
Buyer(s) Inverness Graham Investments
Sellers(s) Anvil Capital
Deal Type Secondary Buyout

Target

KICTeam

Auburn, Maine, United States
KICTeam manufactures, distributes, and markets high quality, branded and private label single-use patented cleaning products to clean electronic devices that process transactions, facilitate payments, process orders and images, and print transaction records and documents. The Company’s products are used to clean a variety of FinTech electronic devices for a diverse group of industries including banking, hospitality, retail, logistics, transportation, and self-service markets. KICTeam was founded in 1997 and is based in Auburn, Maine.

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Buyer(S) 1

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 27 of 36
Sector (Manufacturing) 5 of 5
Type (Secondary Buyout) 5 of 6
State (Maine) 1 of 1
Country (United States) 27 of 36
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 VitalPath

Roseville, Minnesota, United States

VitalPath develops and manufactures complex catheters and catheter shafts for a broad range of interventional and nonsurgical applications. The company has two working shifts with over fifty employees. VitalPath was founded in 2005 and is based in Roseville, Minnesota.

Buy -

Seller(S) 1

SELLER

Anvil Capital

Boston, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Anvil Capital LLC is a private investment firm that seeks equity investments in established, privately held businesses. The Firm pursues companies with revenues of $5 to $20 million and EBITDA between $1 and $3 million. Anvil looks for businesses with significant organic and acquisition growth opportunities. Funds are generally used to support generational transitions of family businesses, recapitalizations, industry consolidations, and corporate divestitures. Anvil avoids investing in companies that are turnarounds, early stage, or operate in the industries of high technology, real estate, and healthcare. Anvil Capital was formed in 2002 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Maine) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Leahy Landscaping

Lynn, Massachusetts, United States

Leahy Landscaping is a provider of landscaping services to commercial, municipal and high-end residential customers throughout Massachusetts and southern New Hampshire. Leahy Landscaping was founded in 1984 and is based in Lynn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Lynch Landscape & Tree Service

01778, Massachusetts, United States

Lynch Landscape & Tree Service is a residential landscaping company with a service area primarily focused on the Boston Metro West towns of Sudbury, Weston, Wayland and Wellesley. Lynch Landscape & Tree Service was founded in 1980 and is based in Wayland, Massachusetts.

Buy -
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