M&A Deal Summary

NMS Capital Acquires Surplus Solutions

On December 6, 2022, private equity firm NMS Capital acquired business services company Surplus Solutions

Acquisition Highlights
  • This is NMS Capital’s 4th transaction in the Business Services sector.
  • This is NMS Capital’s 20th transaction in the United States.
  • This is NMS Capital’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2022-12-06
Target Surplus Solutions
Sector Business Services
Buyer(s) NMS Capital
Deal Type Recapitalization
Advisor(s) Covington Associates (Financial)

Target

Surplus Solutions

Woonsocket, Rhode Island, United States
Surplus Solutions is a provider of Equipment Lifecycle Management (ELM) services focused on procuring and reselling clinical laboratory and processing equipment from and to the biotechnology, pharmaceutical, and nutraceutical end-markets. Surplus Solutions was formed in 2006 and is based in Woonsocket, Rhode Island.

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Buyer(S) 1

Buyer

NMS Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New MainStream Capital is a private investment firm that specializes in strategic equity investments and leveraged buyouts. The Firm targets middle-market growth companies throughout the US. New Mainstream focuses on companies with experienced management, high operating margins, and strong cash flows. New MainStream looks to invest $25 to $75 million in companies valued up to $150 million. The Firm will consider opportunities in a variety of sectors, however the Firm has a special interest in healthcare services, consumer products/services, and specialized business services. New MainStream Capital was formed in 2010. The Firm is based in New York City with an additional office in Dallas, Texas.

DEAL STATS #
Overall 21 of 25
Sector (Business Services) 4 of 6
Type (Recapitalization) 10 of 13
State (Rhode Island) 1 of 1
Country (United States) 20 of 24
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 LDR Site Services

Atlanta, Georgia, United States

LDR Site Services is an asset-light provider of equipment rental and related hauling services to site-based projects across the U.S. LDR services multiple industries with varying needs, including, environmental, facilities maintenance, retail, government, construction and commercial, and other events. LDR Site Services was founded in 2010 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Health & Wellness Partners

Upper Saddle River, New Jersey, United States

Health & Wellness Partners is a provider of integrated medical communications services, supporting life science companies by educating stakeholders on their products from discovery through loss of exclusivity. Health & Wellness Partners was formed in 2005 and is headquartered in Upper Saddle River, New Jersey, with an additional office in San Diego, California.

Buy -
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