M&A Deal Summary

Kelso and Guidon Partners Acquire PE GI Solutions

On August 22, 2016, private equity firms Kelso and Guidon Partners acquired healthcare services company PE GI Solutions from Pamlico Capital

Acquisition Highlights
  • This is Kelso’s 2nd and Guidon Partners’ 1st transaction in the Healthcare Services sector.
  • This is Kelso’s 53rd and Guidon Partners’ 3rd transaction in the United States.
  • This is Kelso’s 2nd and Guidon Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • PE GI Solutions was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2016-08-22
Target PE GI Solutions
Sector Healthcare Services
Buyer(s) Kelso
Guidon Partners
Sellers(s) Pamlico Capital
Deal Type Recapitalization
Advisor(s) Alston & Bird (Legal)

Target

PE GI Solutions

Jamison, Pennsylvania, United States
PE GI Solutions is a developer, manager, and owner of freestanding, single-specialty endoscopic Ambulatory Surgery Centers in partnership with practicing physicians and hospitals. PE GI Solutions was founded in 1998 and is based in Jamison, Pennsylvania.

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Buyer(S) 2

Buyer

Kelso

New York, New York, United States

Investor 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 62 of 81
Sector: Healthcare Services M&A 2 of 3
Type: Recapitalization M&A Deals 2 of 2
State: Pennsylvania M&A 2 of 2
Country: United States M&A 53 of 70
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 SouthernCarlson

Omaha, Nebraska, United States

SouthernCarlson is a U.S.-based distributor of fastening, construction, industrial, and packaging supplies and tools. The Company supplies a broad portfolio of fasteners (nails, screws, anchors), hand and power tools (nail guns, compressors, staplers, etc.), building materials, packaging equipment, and related industrial supplies to contractors, manufacturers, and industrial clients. It provides services beyond supply including tool servicing and repair, inventory management, vendor-managed inventory, and logistical support tailored for construction sites and industrial customers. SouthernCarlson was established in 1947 and is headquartered in Omaha, Nebraska

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Savant Capital Management

Rockford, Illinois, United States

Savant Capital Management is a fee-only wealth management firm. Savant Capital Management offers investment management, financial planning, retirement plan, and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting. Savant Capital Management was founded in 1986 and is based in Rockford, Illinois.

Buy -
DESCRIPTION

Guidon Partners is a healthcare focused investment firm. It was formed in 2014 and is based in Richmond, Virginia.


DEAL STATS #
Overall 3 of 5
Sector: Healthcare Services M&A 1 of 2
Type: Recapitalization M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 PurFoods

Ankeny, Iowa, United States

PurFoods is a provider of home delivered meals to medicaid clients. PurFoods partners include health plans, Medicare and Medicaid plans, Area Agencies on Aging, and case managers. PurFoods was founded in 1999 and is based in Ankeny, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Duly Health and Care

Downers Grove, Illinois, United States

Duly Health and Care is an independent, multi-specialty physician group with more than 600 physicians in over 80 suburban Chicago locations. The organization is patient-centered and focused on expanding access to convenient care supported by advanced technology and modern treatment options. Duly Health and Care was founded in 1999 and is based in Downers Grove, Illinois.

Buy $1.5B

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 36 of 61
Sector: Healthcare Services M&A 5 of 6
Type: Recapitalization M&A Deals 2 of 2
State: Pennsylvania M&A 3 of 4
Country: United States M&A 34 of 59
Year: 2016 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Veterinary Practice Partners

King of Prussia, Pennsylvania, United States

Veterinary Practice Partners is a veterinary practice management group that enables veterinarians to focus on providing high-quality care to patients and foster a strong culture at their individual hospital, while VPP provides operational support across learning and development, HR and recruiting, marketing, technology, and finance. VPP partners with veterinarians across more than 85 practices in over 20 states, caring for over 200,000 patients. Veterinary Practice Partners was established in 2011 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Daxko

Birmingham, Alabama, United States

Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The Company’s products help more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications. Daxko was founded in 1998 and is based in Birmingham, Alabama.

Sell -