M&A Deal Summary

Lovell Minnick Partners Acquires S&S Health

On October 5, 2023, private equity firm Lovell Minnick Partners acquired insurance company S&S Health

Acquisition Highlights
  • This is Lovell Minnick Partners’ 2nd transaction in the Insurance sector.
  • This is Lovell Minnick Partners’ 49th transaction in the United States.
  • This is Lovell Minnick Partners’ 2nd transaction in Ohio.

M&A Deal Summary

Date 2023-10-05
Target S&S Health
Sector Insurance
Buyer(s) Lovell Minnick Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Waller Helms Advisors (Financial)
Baker Donelson (Legal)

Target

S&S Health

Mason, Ohio, United States
S&S Health is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs. S&S Health was founded in 1994 and is based in Mason, Ohio.

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Buyer(S) 1

Buyer

Lovell Minnick Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.


DEAL STATS #
Overall 55 of 58
Sector: Insurance M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 26
State: Ohio M&A 2 of 3
Country: United States M&A 49 of 52
Year: 2023 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Net at Work

New York City, New York, United States

Net at Work is a managed IT services provider with expertise in managing mission critical software applications, IT services, and cloud hosting requirements for small to medium businesses across a diverse set of industries. The Company provides a range of IT solutions across five main categories ERP / Accounting, CRM / Marketing, HR Solutions, IT Managed Services and Cloud Services. Net at Work was founded in 1996 and is based in New York City, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 ACU-Serve

Akron, Ohio, United States

ACU-Serve delivers billing solutions to HME (Home Medical Equipment) providers, giving them the freedom to grow their business while collecting more, faster. ACU-Serve has helped HME businesses cut through the complexity of an ever-transitioning billing process while becoming a trusted partner for continued growth. Clients routinely show faster collections, higher revenue and dramatically reduced management and staffing problems. ACU-Serve was founded in 1993 and is based in Akron, Ohio.

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