Investment Summary

New Capital Partners and Plexus Capital Invest In ACES Quality Management

On July 22, 2019, private equity firms New Capital Partners and Plexus Capital invested in internet software and services company ACES Quality Management

Investment Highlights
  • This is New Capital Partners’ 3rd and Plexus Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is New Capital Partners’ 11th and Plexus Capital’s 82nd transaction in the United States.
  • This is New Capital Partners’ 1st and Plexus Capital’s 3rd transaction in Colorado.

Investment Summary

Date 2019-07-22
Target ACES Quality Management
Sector Internet Software and Services
Investor(s) New Capital Partners
Plexus Capital
Deal Type Growth Capital
Advisor(s) Berkery, Noyes & Co. (Financial)

Target

ACES Quality Management

Denver, Colorado, United States
ACES Quality Management engages in web-based quality assurance software for the financial services industry. ARMCO provides a wide range of mortgage quality control (QC), compliance and transaction risk management technologies. ARMCO product line includes loan quality enterprise software, services, data and analytics, and their flagship product, ACES Audit Technology, is used at virtually every point in the mortgage life cycle, setting the industry standard for user definability. ACES Quality Management is based in Denver, Colorado.

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Investor(S) 2

DESCRIPTION

New Capital Partners is a private equity firm focused on investing in high-growth companies. The Firm has a preference for Southeast US-based companies looks to acquire and/or partner with businesses and management teams who are seeking to build sustainable companies. Sectors of interest include healthcare services, healthcare IT, financial services, financial technology, and business services. New Capital Partners was established in 2001 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 11 of 17
Sector: Internet Software and Services M&A 3 of 3
Type: Growth Capital M&A Deals 3 of 6
State: Colorado M&A 1 of 1
Country: United States M&A 11 of 16
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Collect Rx

Bethesda, Maryland, United States

Collect Rx is a specialty revenue cycle management (RCM) company focused on complex claims and maximizing provider reimbursement. Collect Rx was founded in 2006 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Hospice Partners of America

Birmingham, Alabama, United States

Hospice Partners of America LLC is a multi-state provider of hospice services, headquartered in Birmingham, Alabama. Hospice Partners of America currently serves an average daily census of approximately 1,000 patients through 21 locations across Idaho, Kansas, Missouri, Oregon, Texas, and Virginia.

Sell $130M
Investor

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 82 of 149
Sector: Internet Software and Services M&A 3 of 6
Type: Growth Capital M&A Deals 9 of 30
State: Colorado M&A 3 of 7
Country: United States M&A 82 of 149
Year: 2019 M&A 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Advanced Drying Systems

Tampa, Florida, United States

Advanced Drying Systems provides water damage restoration services for residential and commercial customers throughout Florida and Louisiana. Advanced Drying Systems was founded in 2009 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 FlowBelow

Round Rock, Texas, United States

FlowBelow is a designer and assembles patented aerodynamic products placed on Class 8 trucks and trailers which reduce wind resistance and improve fuel efficiency. FlowBelow is based in Round Rock, Texas.

Buy -