M&A Deal Summary

MidOcean Partners Acquires GHR Healthcare

On December 13, 2021, private equity firm MidOcean Partners acquired staffing company GHR Healthcare from Platform Partners

Acquisition Highlights
  • This is MidOcean Partners’ 3rd transaction in the Staffing sector.
  • This is MidOcean Partners’ 46th transaction in the United States.
  • This is MidOcean Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2021-12-13
Target GHR Healthcare
Sector Staffing
Buyer(s) MidOcean Partners
Sellers(s) Platform Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Willkie Farr & Gallagher (Legal)

Target

GHR Healthcare

Blue Bell, Pennsylvania, United States
GHR Healthcare is the parent company to a family of operating brands focused on the healthcare facility and community-based staffing: General Healthcare Resources, GHR Travel Nursing, GHR RevCycle Workforce, GHR Education, GHR Human Services, GHR Technology and GHR Search. Through these brands, GHR Healthcare provides a variety of workforce solutions, including local long-term contract, travel, per diem, MSP and direct hire services to clients nationwide. GHR Healthcare was established in 1993 and is based in Blue Bell, Pennsylvania.

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Buyer(S) 1

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 51 of 59
Sector (Staffing) 3 of 4
Type (Secondary Buyout) 20 of 24
State (Pennsylvania) 2 of 2
Country (United States) 46 of 54
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Florida Food Products

Eustis, Florida, United States

Florida Food Products is a manufacturer of healthy, natural, clean label ingredients and is the market leader in the clean label cure market. Clean label cures are used for a wide variety of end market uses including packaged meat, food service, private label and branded CPG meats as well as premium pet foods. Florida Food Products was founded in 1954 and is based in Eustis, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Hunter Fan

Memphis, Tennessee, United States

Hunter Fan is a manufacturer and distributor in the branded ceiling fan category. Ceiling fans, including the Hunter and Casablanca brands, are the main products of the company, while home comfort products, which consist of air purifiers, humidifiers, thermostats and lighting, comprise the remainder.

Sell $845M

Seller(S) 1

SELLER

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.

DEAL STATS #
Overall 11 of 13
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 11 of 13
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 South Coast

Houston, Texas, United States

South Coast is an independent toll manufacturer of specialty chemicals and lubricant additives in North America. South Coast provides chemical processing, terminaling, warehousing, drumming and packaging, and other support services for the largest lubricant additive companies in the industry. South Coast was founded in 1964 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 July Business Services

Waco, Texas, United States

July Business Services is a technology-enabled provider of 401K products and services to small businesses. With more than 25 years of experience serving the retirement plan needs of thousands of companies, it brings a zealous commitment to excellence delivered through thoughtful implementation of its proprietary process, technology, and customer service. July Business Services is based in Waco, Texas.

Buy -
Mergr

Product

Company

Legal