M&A Deal Summary

Littlejohn Acquires AHSG

On November 22, 2021, private equity firm Littlejohn acquired staffing company AHSG from BelHealth Investment Partners

Acquisition Highlights
  • This is Littlejohn’s 2nd transaction in the Staffing sector.
  • This is Littlejohn’s 54th transaction in the United States.
  • This is Littlejohn’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2021-11-22
Target AHSG
Sector Staffing
Buyer(s) Littlejohn
Sellers(s) BelHealth Investment Partners
Deal Type Secondary Buyout

Target

AHSG

Edmond, Oklahoma, United States
AHSG is a national and diversified healthcare staffing platform, serving thousands of endpoints across health systems, hospitals, and outpatient clinics in all 50 states. AHSG’s seven divisions span across high growth and resilient segments of healthcare staffing including nursing, allied health, pharmacy, interim leadership, dialysis, non-clinical and technology. AHSG was founded in 2010 and is based in Edmond, Oklahoma.

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Buyer(S) 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 58 of 64
Sector (Staffing) 2 of 2
Type (Secondary Buyout) 25 of 29
State (Oklahoma) 1 of 1
Country (United States) 54 of 60
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Pritchard Industries

New York, New York, United States

Pritchard Industries is a provider of essential, recurring facility services to commercial office buildings, education and government facilities, sports and entertainment venues, medical complexes and industrial facilities. Pritchard Industries was founded in 1914 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Kaman Distribution

Bloomfield, Connecticut, United States

Kaman Distribution is a distributor of more than six million items including automation, motion control, electro-mechanical, bearings, power transmission, fluid power components, as well as MRO supplies, to customers in virtually every industry. Kaman Distribution was founded in 1971 and is based in Bloomfield, Connecticut.

Sell $1.3B

Seller(S) 1

SELLER

BelHealth Investment Partners

Fort Lauderdale, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BelHealth Investment Partners LLC is a private equity firm focused on mid-sized healthcare companies. The Firm looks to invest $20 to $50 million per transaction and specifically targets healthcare services, healthcare products, healthcare distribution, and healthcare IT. BelHealth prefers companies with recurring revenue, high margins, diverse customers, low regulatory oversight, and modest technology risk. Prospective companies are typically profitable with at least $20-$100 million of enterprise value, $10-$100 million of revenue and $2-$10 million of EBITDA. BelHealth was formed in 2011 and is based in New York City.

DEAL STATS #
Overall 8 of 9
Sector (Staffing) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Oklahoma) 1 of 1
Country (United States) 8 of 9
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 AHSA

Traverse City, Michigan, United States

AHSA provides healthcare workforce solutions to streamline and simplify the way healthcare organizations procure and manage supplemental staffing. AHSA was founded in 2003 and is based in Traverse City, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 VFP Pharmacy Group

Waltham, Massachusetts, United States

VFP Pharmacy Group is a reproductive health specialty pharmacy, servicing thousands of patients, working in partnership with numerous payors and pharmaceutical manufacturers and supporting some of the largest fertility clinics and prescribers nationwide. Patients and providers in Reproductive Health benefit from the high touch service model and deep understanding of the many challenges associated with servicing the fertility population. VFP Pharmacy Group was founded in 1986 and is based in Waltham, Massachusetts.

Sell -
Mergr

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