M&A Deal Summary

North Branch Capital Acquires STARC Systems

On September 12, 2023, private equity firm North Branch Capital acquired building materials company STARC Systems from Blue Heron Capital

Acquisition Highlights
  • This is North Branch Capital’s 1st transaction in the Building Materials sector.
  • This is North Branch Capital’s 11th transaction in the United States.
  • This is North Branch Capital’s 1st transaction in Maine.

M&A Deal Summary

Date 2023-09-12
Target STARC Systems
Sector Building Materials
Buyer(s) North Branch Capital
Sellers(s) Blue Heron Capital
Deal Type Secondary Buyout

Target

STARC Systems

Brunswick, Maine, United States
STARC Systems manufactures modular, re-usable temporary containment walls for use in a variety of verticals including healthcare settings when there’s a need to protect sensitive occupied areas from the disruption of renovation. STARC Systems was founded in 2012 and is based in Brunswick, Maine.

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Buyer(S) 1

DESCRIPTION

North Branch Capital is a Midwest-US-based private equity firm focused on lower middle-market companies. The Firm seeks value-added distribution, niche manufacturing, and select business services companies operating in large markets with growth potential. Prospective companies typically have at least $10 million in revenue and $2 million of EBITDA. North Branch Capital was formed in 2014 and is based in Illinois.


DEAL STATS #
Overall 11 of 11
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Maine) 1 of 1
Country (United States) 11 of 11
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 ControlByWeb

Nibley, Utah, United States

ControlByWeb is a designer and manufacturer of Industrial Internet of Things (“IIoT”) control products and systems used to remotely collect, send, monitor, and act on data acquired from various environments. ControlByWeb is based in Nibley, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-23 Circuit Check

Maple Grove, Minnesota, United States

Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota.

Sell -

Seller(S) 1

SELLER

Blue Heron Capital

Richmond, Virginia, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Blue Heron Capital is a private equity firm focused on growth equity and lower middle-market buyout opportunities. Blue Heron looks to invest $3 to $7 million in businesses with $5 to $25 million in sales. Preferred sectors include tech-enabled business service companies and healthcare. Blue Heron will invest across the US, but prefers opportunities along the East Coast. Blue Heron Capital was established in 2006 and is based in Richmond, Virginia.


DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Maine) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 WiserTogether

Boston, Massachusetts, United States

WiserTogether, Inc. is a treatment-guidance tool that helps people find the right treatment for them quickly and reliably. WiserTogether’s personalized healthcare treatment comparison software enables consumers to choose the right treatment – most effective in the outcome, most personally suitable, and most cost-effective and affordable. WiserTogether, Inc. was established in 2008 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Redi

Columbus, Ohio, United States

Redi is a digital health innovator poised to transform patient support services. Redi Health empowers patients with chronic conditions to understand, manage, and track their total health through digital support. Redi's mobile and web platform, Redi Health, integrates health management technology with pharmaceutical manufacturer support, providing a seamless patient experience. Redi is based in Columbus, Ohio.

Buy -