M&A Deal Summary

Littlejohn Capital and Patriot Capital Acquire Alto Health Care Staffing

On January 10, 2022, private equity firms Littlejohn Capital and Patriot Capital acquired staffing company Alto Health Care Staffing

Acquisition Highlights
  • This is Littlejohn Capital’s 2nd and Patriot Capital’s 3rd transaction in the Staffing sector.
  • This is Littlejohn Capital’s 5th and Patriot Capital’s 96th transaction in the United States.
  • This is Littlejohn Capital’s 1st and Patriot Capital’s 4th transaction in Ohio.

M&A Deal Summary

Date 2022-01-10
Target Alto Health Care Staffing
Sector Staffing
Buyer(s) Littlejohn Capital
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) UHY LLP (Financial)

Target

Alto Health Care Staffing

Dayton, Ohio, United States
Alto Health Care Staffing is a diversified healthcare staffing firm. Alto's three key business lines include providing clinical temporary staffing primarily for nursing homes and long-term care facilities on a per diem or short-term contract basis; travel nurses primarily to hospitals; and medical assistants to doctors' offices. Alto Health Care Staffing was founded in 2003 and is based in Dayton, Ohio.

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Buyer(S) 2

DESCRIPTION

Littlejohn Capital is a private equity firm focused on control investments in profitable, lower middle-market companies valued up to $75 million. The Firm has a particular interest in family owned companies undergoing generational transition. Preferred industries include manufacturing, fabrication, processing, logistics, materials, and services. Littlejohn will not invest in retail, consumer products, fashion, gambling, start up technologies and biotechnology. Littlejohn Capital was formed by Angus C Littlejohn, founder of Littlejohn & Co., a mega-sized investment firm headquartered in Greenwich, Connecticut. Littlejohn Capital is based in Savannah, Georgia.


DEAL STATS #
Overall 5 of 5
Sector (Staffing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Hospitality Staffing Solutions

Atlanta, Georgia, United States

Hospitality Staffing Solutions LLC is a provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets.

Sell -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 96 of 108
Sector (Staffing) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 31 of 33
State (Ohio) 4 of 4
Country (United States) 96 of 108
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Premium Inspection & Testing

Baton Rouge, Louisiana, United States

Premium Inspection & Testing is a premier provider of non-destructive testing and inspection services to midstream oil and gas companies as well as customers in the nuclear, civil infrastructure, and defense industries. Premium Inspection & Testing is based in Baton Rouge, Louisiana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 Mod Op

Miami, Florida, United States

Mod Op is a full-service agency providing brand strategy, advertising, creative development and design, digital marketing, public relations, research, SEO, social media marketing, video production and web development to clients in both the B2C and B2B markets. With offices in New York, Dallas, Los Angeles, Miami, Portland and Panama City, Panama, Mod Op pairs data and innovation with the expertise to best serve clients across the U.S. and Latin America. Mod Op was founded in 2017 and is based in Miami, Florida.

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