M&A Deal Summary

New Mountain Capital Acquires Horizon Services

On November 13, 2019, private equity firm New Mountain Capital acquired consumer services company Horizon Services from Sun Capital Partners

Acquisition Highlights
  • This is New Mountain Capital’s 1st transaction in the Consumer Services sector.
  • This is New Mountain Capital’s 57th transaction in the United States.
  • This is New Mountain Capital’s 1st transaction in Delaware.

M&A Deal Summary
Date 2019-11-13
Target Horizon Services
Sector Consumer Services
Buyer(s) New Mountain Capital
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Horizon Services

Wilmington, Delaware, United States
Horizon Services is a home services company, ready to meet all of your service needs for heating, air conditioning, plumbing, drain cleaning and sewer and water line replacement and repair. Horizon Services was founded in 1987 and is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 61 of 95
Sector (Consumer Services) 1 of 2
Type (Secondary Buyout) 23 of 38
State (Delaware) 1 of 2
Country (United States) 57 of 90
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-26 Emids

Franklin, Tennessee, United States

Emids is a global provider of healthcare technology expertise and consulting services and solutions that serve payers, providers and tech enablers. emids helps bridge the critical gaps in accessible, affordable, high-quality healthcare by providing advisory consulting services, custom application development, and data solutions. Services include EHR application deployment and management, analytics, data integration and governance, software development and testing, and business intelligence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Classic Collision

Atlanta, Georgia, United States

Classic Collision is a provider of quality auto body repairs with properly trained technicians and the appropriate equipment. Classic Collision was founded in 1983 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 106 of 128
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 26 of 33
State (Delaware) 1 of 1
Country (United States) 75 of 89
Year (2019) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 VR Group

Colognola Ai Colli, Italy

VR Group is a producer of washing machine windows and quality glass tableware. VR Group was founded in 1905 and is based in Colognola Ai Colli, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Stake Center Locating

Greensboro, North Carolina, United States

Stake Center is a utility locating company that cares about the needs of the customer first and foremost. Equipped with the latest tools and technology, our locating teams make safety the top priority (eliminating damages, protecting the public and customers’ facilities) while consistently meeting deadlines. Stake Center Locating is based in Greensboro, North Carolina.

Buy -
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