M&A Deal Summary

Merit Capital Partners and Broadgate Capital Acquire Reliant At Home

On August 1, 2017, mezzanine finance firm Merit Capital Partners and private equity firm Broadgate Capital acquired consumer services company Reliant At Home

Acquisition Highlights
  • This is Merit Capital Partners’ 2nd and Broadgate Capital’s 1st transaction in the Consumer Services sector.
  • This is Merit Capital Partners’ 80th and Broadgate Capital’s 7th transaction in the United States.
  • This is Merit Capital Partners’ 10th and Broadgate Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-08-01
Target Reliant At Home
Sector Consumer Services
Buyer(s) Merit Capital Partners
Broadgate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Reliant At Home

Plano, Texas, United States
Reliant At Home is a home healthcare agency and hospice care provider offering a variety of in‐home services ranging from technical care to occupational therapy and medically‐necessary personal assistance, as well as end‐of‐life care. The company with a primary focus on providing home healthcare services to patients within assisted living facilities and has since expanded to serve both facility‐based patients as well as home‐based patients. Reliant At Home was founded in 2004 and is based in Plano, Texas.

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Buyer(S) 2

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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 81 of 98
Sector (Consumer Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 50 of 62
State (Texas) 10 of 12
Country (United States) 80 of 97
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Carter-Waters Construction Materials

Overland Park, Kansas, United States

Carter-Waters Construction Materials is a distributor of construction supply materials. Carter-Waters offers 17 locations across Missouri, Kansas, Illinois, Ohio, Kentucky, & Indiana to serve customers’ construction material and equipment needs. Carter-Waters also maintains an extensive rental inventory of concrete forming and shoring products, operates a custom rebar fabrication facility, manufactures special asphalt product at the Saturock Plant and provides estimating and detailing services for bid lettings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Midwest Iron & Metal

Dayton, Ohio, United States

Midwest Iron & Metal Co. provides outsourced management of industrial by-products, including ferrous and non-ferrous metals, generated from industrial manufacturing processes. The business includes regional processing operations and a recycling yard, as well as national by-product and logistics management services. Midwest Iron & Metal Co. is based in Dayton, Ohio.

Buy -
Buyer

Broadgate Capital

Southlake, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Broadgate Capital is a private-equity group focused on acquisitions and investments across a variety of industries including manufacturing, distribution, consumer products, and healthcare. The Firm pursues profitable companies with EBITDA greater then $1 million and at least $5 million in revenue. Broadgate will consider opportunities throughout the US and is willing to provide junior and/or equity capital. Broadgate Capital was formed in 2011 and is based in Dallas, Texas.


DEAL STATS #
Overall 7 of 9
Sector (Consumer Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Texas) 1 of 1
Country (United States) 7 of 9
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Inland Metal

Hayward, California, United States

Inland Metal is a provider of precision sheet metal fabrication, contract manufacturing, and engineering resources. Inland Metal was founded in 1964 and is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-25 Century Tool & Gage

Fenton, Michigan, United States

Century Tool & Gage Co. is a manufacturer of large compression molds and secondary tooling fixtures. Century Tool & Gage Co. was founded in 1974 and is based in Fenton, Michigan.

Sell -