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  6. Kelso Acquires Helios

M&A Deal Summary

Kelso Acquires Helios

On October 22, 2013, private equity firm Kelso acquired healthcare services company Helios from H.I.G. Private Equity

Acquisition Highlights
  • This is Kelso’s 1st transaction in the Healthcare Services sector.
  • This is Kelso’s 42nd transaction in the United States.
  • This is Kelso’s 4th transaction in Florida.
Investment Fate
  • Helios was sold to a strategic buyer in 2016.

M&A Deal Summary
Date 2013-10-22
Target Helios
Sector Healthcare Services
Buyer(s) Kelso
Sellers(s) H.I.G. Private Equity
Deal Type Recapitalization
Advisor(s) Harris Williams (Financial)

Target

Helios

Tampa, Florida, United States
Helios provides management of pharmacy benefits, durable medical equipment, home health care, and other ancillary services for workers’ compensation and auto no-fault insurance companies.

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Buyer(S) 1

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 51 of 81
Sector (Healthcare Services) 1 of 3
Type (Recapitalization) 1 of 2
State (Florida) 4 of 9
Country (United States) 42 of 70
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-04 4Refuel Canada

Langley, British Columbia, Canada

4Refuel Canada LP is a provider of mobile on-site refueling and fuel management services. 4Refuel pioneered the mobile on-site refueling industry in Canada and has built an unmatched market presence in Canada and the US. Headquartered in Toronto, 4Refuel provides service to a range of large and small clients in construction, transportation, oil & gas, power generation, and other industries. As the Canadian market leader, 4Refuel is the only national on-site fuel provider whose core business is direct-to-equipment on-site refueling. 4Refuel Canada was formed in 1995 and is based in Langley, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Encore Group

Schiller Park, Illinois, United States

Encore Group engages in event experiences, providing creative, production, advanced technology and staging services to help meeting planners deliver more dynamic and impactful experiences at their meetings, trade shows and special events. It is the trusted partner and exclusive on-site provider of choice at leading venues worldwide. Encore Group is headquartered in Schiller Park, Illinois.

Sell -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.

DEAL STATS #
Overall 44 of 177
Sector (Healthcare Services) 4 of 10
Type (Recapitalization) 2 of 2
State (Florida) 8 of 19
Country (United States) 40 of 122
Year (2013) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Lucas Group

Atlanta, Georgia, United States

Lucas Group, Inc. is an executive recruitment firm committed to hiring, training, and molding the very best executive recruiters in the industry. Lucas Group surrounds our clients, candidates, and associates with meaningful communication and knowledgeable, consultative service. Lucas Group was founded in 1970 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 WERU

Rudersberg, Germany

WERU is a manufacturer of windows and doors. WERU develops, produces, and sells PVC and aluminum windows as well as doors and other related products, primarily for the private housing and renovation markets. WERU was founded in 1843 and is based in Rudersberg, Germany.

Buy -
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