M&A Deal Summary |
|
|---|---|
| Date | 2007-08-15 |
| Target | Digney York Associates |
| Sector | Construction |
| Buyer(s) | Merit Capital Partners |
| Sellers(s) |
Transition Capital Partners
Progress Equity Partners Navigator Partners Evolve Capital |
| Deal Type | Recapitalization |
| Deal Value | 20M USD |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 98 |
| Sector (Construction) | 2 of 3 |
| Type (Recapitalization) | 9 of 19 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 49 of 97 |
| Year (2007) | 3 of 4 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-10 |
Peak Lime
Calera, Alabama, United States Peak Lime, Inc. is a manufacturer of lime (also known as quicklime) and hydrate lime (water added to form a slurry) and distributes it throughout the southeastern United States. Lime is a widely-used industrial material with applications in steel manufacturing, chemical production, utilities (for flue gas desulfurization), construction, water treatment, and acid neutralization. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-01 |
Skyline Windows
Bronx, New York, United States Skyline Windows is a window designer, manufacturer, and installation company specializing in custom commercial and residential architectural/aesthetic solutions incorporating high-level performance features such as blast, hurricane, and ballistics ratings. Skyline Windows was formed in 1921 and is based in Bronx, New York. |
Buy | - |
| Category | Family Office |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Transition Capital Partners is a private investment firm focused on leveraged recapitalizations of entrepreneurial service-based businesses. Transition generally looks for high-growth companies with $2 million to $8 million of EBITDA where the firm can help position the company for the next level of growth. Sectors of interest include healthcare services, non-asset based logistics, retail, alternative energy and services, security services, direct marketing, software, branded food/beverage, education, telecom, oil/gas services, and outsourcing. The Firm is affiliated with family office Patterson Thoma Investments. Transition Capital Partners was formed in 1993 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 29 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 9 of 29 |
| Year (2007) | 2 of 3 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-26 |
Comfort Keepers
Dayton, Ohio, United States Comfort Keepers is a franchiser of non-medical in-home care and it provides a quality in-home care to seniors and other clients who need help with the activities of daily living. Comfort Keepers was founded in 1998 and is based in Dayton, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-22 |
Option 1 Nutritional Solutions
Chandler, Arizona, United States OPTION 1 Nutrition Solutions LLC is a provider of special enteral therapy services to individuals in the home environment. It offers enteral nutritional products, enteral pumps and poles, and enteral feeding supplies. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Progress Equity Partners is a private investment firm that seeks control positions in 'well-managed, entrepreneurial, service-based businesses.' Progress focuses on companies with sustainable/scalable business models and low capital expenditures. Specific areas of interest include building products/construction services, communication, marketing, facility maintenance services, franchising, manufacturing, retail, specialty food and healthcare services. Progress Equity Partners is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 13 |
| Sector (Construction) | 1 of 2 |
| Type (Recapitalization) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 3 of 13 |
| Year (2007) | 2 of 3 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-26 |
Comfort Keepers
Dayton, Ohio, United States Comfort Keepers is a franchiser of non-medical in-home care and it provides a quality in-home care to seniors and other clients who need help with the activities of daily living. Comfort Keepers was founded in 1998 and is based in Dayton, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-22 |
Option 1 Nutritional Solutions
Chandler, Arizona, United States OPTION 1 Nutrition Solutions LLC is a provider of special enteral therapy services to individuals in the home environment. It offers enteral nutritional products, enteral pumps and poles, and enteral feeding supplies. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| Size | Small |
| Type | Sector Agnostic |
Navigator Partners LLC (formerly Navigator Equity Partners LLC) is a private equity firm focused on smaller middle-market company acquisitions and recapitalizations. The Firm is licensed as a SBIC and targets companies with revenues of $10 to $200 million and EBITDA of at least $2 million. Companies of interest include manufacturers and marketers of consumer and healthcare products, providers of consumer and business services, franchisors, healthcare service providers, select industrial products, and media businesses. Navigator will not invest in start-up, early-stage, or turnaround situations. Navigator Equity Partners is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 11 |
| Sector (Construction) | 1 of 2 |
| Type (Recapitalization) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 3 of 11 |
| Year (2007) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-26 |
Comfort Keepers
Dayton, Ohio, United States Comfort Keepers is a franchiser of non-medical in-home care and it provides a quality in-home care to seniors and other clients who need help with the activities of daily living. Comfort Keepers was founded in 1998 and is based in Dayton, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-01 |
Aspire Home Care
Tishoming, Oklahoma, United States Aspire Home Care is a provider of medicare home healthcare and hospice services. Aspire Home Care was founded in 1996 and is based in Tishomingo, Oklahoma. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Evolve Capital is a private equity firm focused exclusively on recapitalization investments in growth-oriented service based businesses. Evolve looks companies that are asset light, growing rapidly, and potentially operate in a regulated environment. Target companies typically have trailing EBITDA of $2 to $4 million and are located in the US. Evolve Capital was formed in 2005 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 18 |
| Sector (Construction) | 1 of 1 |
| Type (Recapitalization) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 5 of 18 |
| Year (2007) | 2 of 3 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-26 |
Comfort Keepers
Dayton, Ohio, United States Comfort Keepers is a franchiser of non-medical in-home care and it provides a quality in-home care to seniors and other clients who need help with the activities of daily living. Comfort Keepers was founded in 1998 and is based in Dayton, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-22 |
Option 1 Nutritional Solutions
Chandler, Arizona, United States OPTION 1 Nutrition Solutions LLC is a provider of special enteral therapy services to individuals in the home environment. It offers enteral nutritional products, enteral pumps and poles, and enteral feeding supplies. |
Sell | - |
