M&A Deal Summary

LLR Partners Acquires CareATC

On March 19, 2019, private equity firm LLR Partners acquired information technology company CareATC from Omega Capital Management

Acquisition Highlights
  • This is LLR Partners’ 22nd transaction in the Information Technology sector.
  • This is LLR Partners’ 90th transaction in the United States.
  • This is LLR Partners’ 1st transaction in Oklahoma.

M&A Deal Summary

Date 2019-03-19
Target CareATC
Sector Information Technology
Buyer(s) LLR Partners
Sellers(s) Omega Capital Management
Deal Type Recapitalization
Advisor(s) Canaccord Genuity Corp. (Financial)
Pray Walker P.C. (Legal)

Target

CareATC

Tulsa, Oklahoma, United States
CareATC is a technology-driven employee population health management company. CareATC offers customized solutions for employers, including on-site health clinics, personal health assessments and wellness programs, that help reduce healthcare costs by promoting health, preventing disease and providing a shorter path to care. CareATC was founded in 1998 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 91 of 127
Sector (Information Technology) 22 of 28
Type (Recapitalization) 9 of 10
State (Oklahoma) 1 of 1
Country (United States) 90 of 126
Year (2019) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 LEARN Behavioral

Baltimore, Maryland, United States

LEARN Behavioral is a network of providers serving children with autism and other special needs. LEARN specializes in behavioral health treatment based on the science of Applied Behavior Analysis and is committed to providing programs and services that are family-focused, community-minded, and delivered with the highest clinical integrity. The LEARN team delivers more than two million hours of services annually and comprises more than 3,000 passionate professionals dedicated to nurturing each child’s personal best.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-13 Onapsis

Boston, Massachusetts, United States

Onapsis is a provider of cybersecurity solutions automate the monitoring and protection of ERP business-critical applications. Onapsis cybersecurity solutions automate the monitoring and protection of your SAP and Oracle ERP and business-critical applications, keeping them compliant and safe from insider and outsider threats. Onapsis was founded in 2009 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Omega Capital Management

Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 30M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Omega Capital Management LLC is a private equity firm focused on lower middle-market companies in Oklahoma and surrounding states. The Firm looks to invest in businesses generating sales greater than $5 million. Omega Capital pursues a variety of transaction types, including management buyouts, recapitalizations, acquisition financings, and growth financings. Omega Capital was founded in 2013 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Recapitalization) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 Raisbeck Engineering

Seattle, Washington, United States

Raisbeck Engineering is a developer, marketer and manufacturer of performance improvement systems for some of the most prolific commercial and general aviation aircraft models in the market today. Raisbeck Engineering was founded in 1982 and is based in Seattle, Washington.

Buy -