M&A Deal Summary

Mill Point Capital and Cohesive Capital Partners Acquire Outworx Group

On January 1, 2017, private equity firms Mill Point Capital and Cohesive Capital Partners acquired business services company Outworx Group

Acquisition Highlights
  • This is Mill Point Capital’s 1st and Cohesive Capital Partners’ 1st transaction in the Business Services sector.
  • This is Mill Point Capital’s 5th and Cohesive Capital Partners’ 10th transaction in the United States.
  • This is Mill Point Capital’s 1st and Cohesive Capital Partners’ 3rd transaction in New York.

M&A Deal Summary
Date 2017-01-01
Target Outworx Group
Sector Business Services
Buyer(s) Mill Point Capital
Cohesive Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Outworx Group

Westbury, New York, United States
Outworx Group is a provider of diversified municipal and facility maintenance services. Outworx Group was founded in 1981 and is headquartered in Westbury, New York.

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Buyer(S) 2

Buyer

Mill Point Capital

Category Private Equity Firm
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.

DEAL STATS #
Overall 5 of 28
Sector (Business Services) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 10
State (New York) 1 of 6
Country (United States) 5 of 26
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Huntington Solutions

Greer, South Carolina, United States

Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), and other advanced resins. Huntington Solutions was founded in 1992 and is based in Greer, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Avenu Insights & Analytics

Centreville, Virginia, United States

Avenu Insights & Analytics is a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments Avenu Insights & Analytics was founded in 1978 and is based in Centreville, Virginia.

Buy -
Buyer

Cohesive Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 385M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 11 of 32
Sector (Business Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 10
State (New York) 3 of 6
Country (United States) 10 of 30
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Lasko Products

West Chester, Pennsylvania, United States

Lasko Products is a manufacturer of portable fans, heaters, air purifiers, humidifiers, pedestal, blower, and window fans. Lasko Products was founded in 1906 and is based in West Chester, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Mavenir

Richardson, Texas, United States

Mavenir provides end-to-end cloud-native Network Software providers and a provider in accelerating software network transformation for communications service providers (CSPs). Mavenir was founded in 2017 and is based in Richardson, Texas.

Buy -
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