M&A Deal Summary

LLR Partners Acquires Nonstop Health

On August 1, 2024, private equity firm LLR Partners acquired insurance company Nonstop Health

Acquisition Highlights
  • This is LLR Partners’ 1st transaction in the Insurance sector.
  • This is LLR Partners’ 125th transaction in the United States.
  • This is LLR Partners’ 6th transaction in California.

M&A Deal Summary
Date 2024-08-01
Target Nonstop Health
Sector Insurance
Buyer(s) LLR Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Nonstop Health

Concord, California, United States
Nonstop Health is a provider of technology-enabled healthcare cost containment solutions for small and medium-sized employers. Nonstop Health’s solution augments employers’ existing healthcare benefit plans, enabling employers to realize lower healthcare costs while providing high-quality benefits and improved access to healthcare for their employees. Nonstop Health is based in Concord, California.

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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 126 of 127
Sector (Insurance) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 19 of 19
State (California) 6 of 6
Country (United States) 125 of 126
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Soltis Investment Advisors

St. George, Utah, United States

Soltis Investment Advisors provides comprehensive financial planning and investment management services to individuals and families. In addition, the firm offers investment advice and consultation services to retirement plan sponsors (primarily small to medium sized businesses that have experienced a significant level of success). Soltis Investment Advisors was founded in 1993 and is based in St. George, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 WizeHive

Conshohocken, Pennsylvania, United States

WizeHive provides a secure, cloud platform ZengineTM along with services and support to mission-based organizations including corporate social responsibility teams, government entities, universities, and other non-profits. WizeHive’s technology enables the application, review, and full lifecycle management of the grants, scholarships, fellowships, and other awards that lie at the heart of their clients’ missions. Zengine offers unmatched flexibility and adaptability to support each client’s unique mission objectives and processes. WizeHive was formed in 2008 and is based in Conshohocken, Pennsylvania.

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Mergr

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