M&A Deal Summary

J.S. Held Acquires Ocean Tomo

On March 30, 2022, J.S. Held acquired business services company Ocean Tomo from Bow River Capital

Acquisition Highlights
  • This is J.S. Held’s 13th transaction in the Business Services sector.
  • This is J.S. Held’s 16th transaction in the United States.
  • This is J.S. Held’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-03-30
Target Ocean Tomo
Sector Business Services
Buyer(s) J.S. Held
Sellers(s) Bow River Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Davis Graham & Stubbs
Vedder Price P.C. (Legal)

Target

Ocean Tomo

Chicago, Illinois, United States
Ocean Tomo is a provider of Financial Expert, Management Consulting, and Advisory services related to intellectual property and other intangible assets; corporate accounting investigations; regulatory and reporting obligations; solvency and restructuring; and contractual or competition disputes. Ocean Tomo is founded in 2003 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

J.S. Held

Jericho, New York, United States
Category Company
Founded 1974
Sector Business Services
DESCRIPTION

J.S. Held is a provider of specialized consulting services to address complex and high-value insurance claims and construction-related matters. J.S. Held was founded in 1974 and is based in Jericho, New York.

DEAL STATS #
Overall 18 of 29
Sector (Business Services) 13 of 22
Type (Add-on Acquisition) 17 of 28
State (Illinois) 1 of 1
Country (United States) 16 of 22
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Sense Studio

London, United Kingdom

Sense Studio is a specialized architectural practice that provides dispute avoidance and resolution services. The firm works primarily with clients in the construction, government, and legal sectors. Sense Studio was founded in 2012 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 GPW

London, United Kingdom

GPW is a consulting firm that provides global disputes and investigations, asset tracing, sovereign debt advisory, business intelligence, and political risk. GPW was founded in 2004 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.

DEAL STATS #
Overall 19 of 22
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 8 of 9
State (Illinois) 1 of 1
Country (United States) 16 of 19
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Progressive Roofing

Phoenix, Arizona, United States

Progressive Roofing is a full-service commercial roofing business providing re-roofing, new construction, service, and emergency repair solutions to customers across the education, government, industrial, healthcare, hospitality, and retail landscape. Progressive Roofing was founded in 1948 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Xima

South Jordan, Utah, United States

Xima is a robust contact center software platform, purpose-built for global organizations to deliver superior agent/customer experiences via skills-based routing, queue callback, and in-depth analytics and reporting. Xima was founded in 2007 and is based in South Jordan, Utah.

Buy -
Mergr

Product

Company

Legal