M&A Deal Summary

Meritain Health Acquires CBSA Performax

On December 5, 2006, Meritain Health acquired business services company CBSA Performax from Calvert Street Capital Partners

Acquisition Highlights
  • This is Meritain Health’s 1st transaction in the Business Services sector.
  • This is Meritain Health’s 1st transaction in the United States.
  • This is Meritain Health’s 1st transaction in Colorado.

M&A Deal Summary
Date 2006-12-05
Target CBSA Performax
Sector Business Services
Buyer(s) Meritain Health
Sellers(s) Calvert Street Capital Partners
Deal Type Add-on Acquisition

Target

CBSA Performax

Englewood, Colorado, United States
CBSA Performax is a national developer, manager and administrator of employee health and benefit plans. CBSA Performax offers customized health care and benefit solutions to small to mid-sized companies with 50 to 500 employees.

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Buyer(S) 1

Buyer

Meritain Health

Amherst, New York, United States
Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

Meritain Health, an independent subsidiary of Aetna, is one of the nation's largest administrators of health benefits.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Calvert Street Capital Partners

Lutherville, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 3 of 11
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Colorado) 1 of 1
Country (United States) 3 of 10
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-26 Adapco

Sanford, Florida, United States

Adapco, Inc. vector disease control field. The Company provides comprehensive, integrated solutions for controlling mosquitoes and mosquito-borne diseases, by offering its customers a complete array of chemicals, equipment, technology, assistance and application services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 Bacharach

Kensington, Pennsylvania, United States

Bacharach is a designer and manufacturer of gas test and measurement (“T&M”) instrumentation for commercial refrigeration and HVAC equipment, and also develops performance management software for its monitoring products. Bacharach was founded in 1909 and is based in Kensington, Pennsylvania.

Buy -
Mergr

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