Add-on Acquisition • Business Services

Meritain Health Acquires CBSA Performax

On December 5, 2006, Meritain Health acquired business services company CBSA Performax from Crescentia Capital

Acquisition Context
  • 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.

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M&A Deal Summary

Date December 5, 2006
Target CBSA Performax
Sector Business Services
Buyer(s) Meritain Health
Sellers(s) Crescentia Capital
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
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 Profile 1

SELLER

Crescentia Capital

Towson, Maryland, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 635M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crescentia Capital is the equity buyout arm of Calvert Street Investment Partners. The firm focuses on lower middle-market investments in industrial services, infrastructure services, and specialty manufacturing. Crescentia Capital focuses on companies with EBITDA between $3 million and $15 million. Crescentia Capital was formed in 1995 and is based in Towson, Maryland.


Deal Context for Seller #
Overall 3 of 12
Sector: Business Services 1 of 1
Type: Add-on Acquisition 2 of 8
State: Colorado 1 of 1
Country: United States 3 of 11
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.

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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 -