M&A Deal Summary

Mosaic Capital Partners and Salem Investment Partners Acquire Linxx Global Solutions

On April 28, 2015, mezzanine finance firms Mosaic Capital Partners and Salem Investment Partners acquired staffing company Linxx Global Solutions

Acquisition Highlights
  • This is Mosaic Capital Partners’ 1st and Salem Investment Partners’ 1st transaction in the Staffing sector.
  • This is Mosaic Capital Partners’ 5th and Salem Investment Partners’ 22nd transaction in the United States.
  • This is Mosaic Capital Partners’ 1st and Salem Investment Partners’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2015-04-28
Target Linxx Global Solutions
Sector Staffing
Buyer(s) Mosaic Capital Partners
Salem Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) The McLean Group (Financial)

Target

Linxx Global Solutions

Virginia Beach, Virginia, United States
Linxx Global Solutions provides human resource services. Linxx offers training, security, professional staffing, and program management services. Linxx Global Solutions was established in 2006 and is based in Virginia Beach, Virginia.

Search 201,839 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

DESCRIPTION

Mosaic Capital Partner is a private investment firm focused on providing equity and mezzanine capital to lower middle-market companies with at least $10 million in revenue. The Firm has a special interest in companies with ESOPs and will consider businesses operating in a range of sectors including business services, chemicals, consumer products, environmental, food/beverages, healthcare services, distribution, machinery, and niche manufacturing. The Firm's geographic preference is businesses in the Southeast, Midwest, and Mid-Atlantic US. Mosaic Capital Partners was formed in 2011 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 5 of 9
Sector (Staffing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Virginia) 1 of 1
Country (United States) 5 of 9
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 ETAK Systems

Charlotte, North Carolina, United States

ETAK Systems is an outsourced service provider to wireless carriers for scheduled maintenance and installation activities for wireless communication infrastructures in six primary regions throughout the U.S. ETAK’s wireless communication infrastructure services include reserve battery power installation/replacement, power plant upgrades, and capacity-expanding radio installations for carriers. Specializing in services related to communication infrastructure, ETAK also offers site reviews, location analysis, engineering audits, battery testing, small cell, and distributed antenna system installation. ETAK Systems was founded in 1997 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Pete s Living Greens

Carpinteria, California, United States

Pete's Living Greens is an agricultural concern company specializing in greenhouse-grown vegetables Pete's Living Greens ships, and distributes line of products, which are harvested with their roots intact to preserve freshness. Pete's Living Greens was founded in 1970 and is based in Carpinteria, California.

Buy -
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 22 of 58
Sector (Staffing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 14 of 40
State (Virginia) 2 of 4
Country (United States) 22 of 58
Year (2015) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Lamination Services

Stokesdale, North Carolina, United States

Lamination Services provides industrial, commercial, and institutional furniture manufacturers with laminated wood surface products, component assembly and precise cut to size MDF, particle board and plywood services. Lamination Services was established in 1992 and is based in Stokesdale, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Data Display Systems

Philadelphia, Pennsylvania, United States

Data Display Systems is a provider of electronic video, audio, and lighting solutions to the point-of-purchase (“POP”) displays and fixtures markets. Data Display Systems was founded in 1968 and is based in Philadelphia, Pennsylvania.

Buy -