M&A Deal Summary

Northleaf Capital Partners and AVALT Acquire AMAROK

On December 13, 2021, asset manager Northleaf Capital Partners and family office AVALT acquired safety/security company AMAROK from TruArc Partners

Acquisition Highlights
  • This is Northleaf Capital Partners’ 1st and AVALT’s 1st transaction in the Safety/Security sector.
  • This is Northleaf Capital Partners’ 10th and AVALT’s 6th transaction in the United States.
  • This is Northleaf Capital Partners’ 1st and AVALT’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2021-12-13
Target AMAROK
Sector Safety/Security
Buyer(s) Northleaf Capital Partners
AVALT
Sellers(s) TruArc Partners
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co.
Raymond James - Investment Banking (Financial)
Weil Gotshal & Manges (Legal)

Target

AMAROK

Columbia, South Carolina, United States
AMAROK is a full-perimeter security company that provides service throughout the United States. Specializing in electric fencing on commercial properties, AMAROK also provides supplemental surveillance solutions, including cameras, lights, and alarms. AMAROK was founded in 1973 and is based in Columbia, South Carolina.

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Buyer(S) 2

Buyer

Northleaf Capital Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northleaf Capital Partners is an asset management firm focused on private equity, private credit, and infrastructure investment opportunities. The Firm's private equity group looks to make fund, secondary, as well as direct investments. Within its direct investing practice, Northleaf will consider a variety of middle-market investment situations including growth capital financings, successions, consolidations, and other special situations. Northleaf Capital Partners was established in 2009 and is based in Toronto, Ontario.


DEAL STATS #
Overall 18 of 24
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 3 of 3
State (South Carolina) 1 of 1
Country (United States) 10 of 13
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Spirit Music

New York, New York, United States

Spirit Music owns a diverse group of music copyright catalogs. SpiritMusic Group is the fastest growing independent music publisher of the last decade, controlling more than 15,000 songs spanning seven decades and every musical genre. Spirit Music was founded in 1995 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Uber Boat by Thames Clippers

London, United Kingdom

Uber Boat by Thames Clippers is a provider of river bus services. Uber Boat by Thames Clippers was founded in 1999 and is based in London, United Kingdom.

Buy -
Buyer
DESCRIPTION

AVALT is a family backed private equity firm focused on long-term investments in North American companies operating in the business services, healthcare, consumer products/services, industrials, and TMT sectors. AVALT prefers control investments, but will consider select minority situations and other opportunistic or special situations. The Firm's investment size is $25 to $150 million in businesses with up to $35 million of EBITDA. AVALT was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 6 of 7
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 2 of 3
State (South Carolina) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Solmetex

Marlborough, Massachusetts, United States

Solmetex is a provider of dental amalgam separator devices and amalgam recycling services to the dental industry. The company’s NXT Hg5™ Series of Amalgam Separators and recycling program, which treat dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Marlborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Ned Stevens

Fairfield, New Jersey, United States

Ned Stevens provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned Stevens was founded in 1965 and is based in Fairfield, New Jersey.

Sell -

Seller(S) 1

SELLER

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.


DEAL STATS #
Overall 16 of 16
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 7 of 7
State (South Carolina) 1 of 1
Country (United States) 16 of 16
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Brook & Whittle

Guilford, Connecticut, United States

Brook & Whittle is a manufacturer of premium prime label solutions with highly differentiated capabilities, entrusted by some of the most well-known brands. The Company provides pressure-sensitive labels, shrink sleeves, and flexible packaging, with a focus on sustainable solutions and decorative effects requiring significant technical expertise. Brook & Whittle was founded in 1995 and is based in Guilford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Lamark Media

Boca Raton, Florida, United States

Lamark Media is a full-service integrated digital marketing company. Lamark Media offers integrated marketing solutions, with specialization in ecommerce, lead generation and digital customer acquisition strategy. Lamark’s clients range from emerging brands to Fortune 500 companies for both consumer and business-to-business initiatives.

Buy -