Investment Summary

Leonard Green & Partners and Harvest Partners Invest In Convergint

On December 16, 2021, private equity firms Leonard Green & Partners and Harvest Partners invested in safety/security company Convergint from Ares Private Equity Group

Investment Highlights
  • This is Leonard Green & Partners’ 2nd and Harvest Partners’ 1st transaction in the Safety/Security sector.
  • This is Leonard Green & Partners’ 90th and Harvest Partners’ 60th transaction in the United States.
  • This is Leonard Green & Partners’ 7th and Harvest Partners’ 5th transaction in Illinois.

Investment Summary

Date 2021-12-16
Target Convergint
Sector Safety/Security
Investor(s) Leonard Green & Partners
Harvest Partners
Sellers(s) Ares Private Equity Group
Deal Type Stake Purchase
Advisor(s) William Blair
Harris Williams
J.P. Morgan Securities (Financial)

Target

Convergint

Schaumburg, Illinois, United States
Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

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Investor(S) 2

Investor

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 95 of 107
Sector: Safety/Security M&A 2 of 2
Type: Stake Purchase M&A Deals 8 of 10
State: Illinois M&A 7 of 8
Country: United States M&A 90 of 99
Year: 2021 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Stepping Stones Group

Lafayette, Colorado, United States

Stepping Stones Group is a provider of therapeutic behavioral health services to a variety of public school districts and private learning centers. Stepping Stones Group is based in Lafayette, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Patient Funding Alternatives

Wakefield, Massachusetts, United States

Patient Funding Alternatives provides a service to identify, track, and help patients access healthcare funding options, and enhance the revenue process for hospitals. Patient Funding Alternatives is based in Wakefield, Massachusetts.

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Investor

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a Investment firm provides Private Equity and Structured Capital focused on buyout, growth capital, minority position, and non-control investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA). Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, marketing, building products and distribution companies valued between $100 and $1000 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 64 of 71
Sector: Safety/Security M&A 1 of 2
Type: Stake Purchase M&A Deals 4 of 4
State: Illinois M&A 5 of 5
Country: United States M&A 60 of 67
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 ReSource Pro

New York City, New York, United States

ReSource Pro is a provider of outsourced business process management solutions within the property & casualty insurance market. The Company provides administrative services across the insurance policy lifecycle for brokers, managed general agents, carriers and third-party administrators. ReSource Pro was founded in 2003 and is based in New York City, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Advancing Eyecare

Jacksonville, Florida, United States

Advancing Eyecare is an operator of diagnostic ophthalmic equipment company established to offer the products and service solutions in the ophthalmic equipment industry. Advancing Eyecare was founded in 2019 and is based in Jacksonville, Florida.

Sell -

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 52 of 59
Sector: Safety/Security M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: Illinois M&A 4 of 4
Country: United States M&A 41 of 47
Year: 2021 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Navisun

Hingham, Massachusetts, United States

Navisun is distributed generation solar power producer co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects. Navisun was founded in 2017 and is based in Hingham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Hyatt Regency Danang Resort and

Danang, Vietnam

Hyatt Regency Danang Resort and Spa has a broad range of dining outlets serving Western food, including the Beach House, Green House, Pool House, Terrasse Bar and Baguette. Combined with family-friendly leisure facilities and a spa offering traditional and innovative therapies and grooming treatments, the resort has everything you need for the perfect vacation. Hyatt Regency Danang Resort and Spa was founded in 2011 and is based in Danang, Vietnam.

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