M&A Deal Summary

Main Street Capital and Iron Creek Partners Acquire Career Team

On January 5, 2022, private equity firms Main Street Capital and Iron Creek Partners acquired business services company Career Team for 25M USD

Acquisition Highlights
  • This is Main Street Capital’s 15th and Iron Creek Partners’ 1st transaction in the Business Services sector.
  • This is Main Street Capital’s 13th and Iron Creek Partners’ largest (disclosed) transaction.
  • This is Main Street Capital’s 127th and Iron Creek Partners’ 10th transaction in the United States.
  • This is Main Street Capital’s 3rd and Iron Creek Partners’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2022-01-05
Target Career Team
Sector Business Services
Buyer(s) Main Street Capital
Iron Creek Partners
Deal Type Recapitalization
Deal Value 25M USD

Target

Career Team

Shelton, Connecticut, United States
Career Team is a provider of workforce development services and learning and case management software solutions to regional workforce development boards, federally and state-funded work programs, and higher learning institutions across the country. Career Team was founded in 1996 and is based in Shelton, Connecticut.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 127 of 144
Sector: Business Services M&A 15 of 17
Type: Recapitalization M&A Deals 51 of 61
State: Connecticut M&A 3 of 3
Country: United States M&A 127 of 144
Year: 2022 M&A 1 of 8
Size (of disclosed) 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 CenterPeak

New York, New York, United States

CenterPeak is a legal recruiting firm that specializes in placing law firm partners and practice groups, and supports new office openings for major law firms. CenterPeak was founded in 2006 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Robbins Brothers

Azusa, California, United States

Robbins Brothers is a fine‑jewelry retailer offering diamond engagement rings, wedding bands, and designer jewelry, supported by in‑house gemologists, customization services, and a mix of private‑label and name‑brand collections. Robbins Brothers was founded in 1921 and is based in Azusa, California.

Buy -
Buyer

Iron Creek Partners

Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Iron Creek Partners is a private investment partnership focused on partnering with management teams to pursue divestitures, fundless sponsor acquisitions, and select public market investments. Iron Creek Partners was formed in 2009 and is headquartered in Santa Fe, New Mexico.


DEAL STATS #
Overall 10 of 11
Sector: Business Services M&A 1 of 1
Type: Recapitalization M&A Deals 6 of 6
State: Connecticut M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 CAI

Lincoln, Rhode Island, United States

CAI is a provider of specialized enterprise resource planning (ERP) software with industry expertise in several industry sectors, including seafood and other food processing and distribution, lumber and building materials, precious metal refining, and jewelry manufacturing. CAI was founded in 1977 and is based in Lincoln, Rhode Island.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 MoneyThumb

Encinitas, California, United States

MoneyThumb is a software-as-a-service provider of financial file conversion, reconciliation, and analysis software to end customers primarily in the merchant cash advance and accounting industries. MoneyThumb was founded in 2014 and is headquartered in Encinitas, California.

Buy -