M&A Deal Summary

New State Capital Partners Acquires Afimac

On August 24, 2022, private equity firm New State Capital Partners acquired safety/security company Afimac

Acquisition Highlights
  • This is New State Capital Partners’ 1st transaction in the Safety/Security sector.
  • This is New State Capital Partners’ 1st transaction in Canada.
  • This is New State Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary
Date 2022-08-24
Target Afimac
Sector Safety/Security
Buyer(s) New State Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Carleton McKenna (Financial)

Target

Afimac

Guelph, Ontario, Canada
Afimac offers staffing, emergency response, security, risk management, and other business continuity services to image-conscious companies across North America. It offers an assortment of human capital solutions, pre-crisis contingency planning, and premium security and emergency response services to businesses representing nearly every industry. Afimac is based in Guelph, Ontario.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 16 of 19
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Capitol Pain Institute

Austin, Texas, United States

Capitol Pain Institute is a provider of safe and effective treatment modalities tailored to the specific needs of each patient. Key services include spinal cord stimulation, pain management injections, and medication management. Capitol Pain Institute was founded in 2007 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 United Medical Systems

Westborough, Massachusetts, United States

United Medical Systems (UMS) is a provider of transportable medical technologies and solutions to hospitals and surgery centers across the U.S., Canada, and South America. United Medical Systems was founded in 1996 and is based in Westborough, Massachusetts.

Sell -
Mergr

Product

Company

Legal