M&A Deal Summary

Nurses In Partnership Acquires OfficeWorksRX

On May 26, 2011, Nurses In Partnership acquired staffing company OfficeWorksRX from Ropart Asset Management

Acquisition Highlights
  • This is Nurses In Partnership’s 1st transaction in the Staffing sector.
  • This is Nurses In Partnership’s 1st transaction in the United States.
  • This is Nurses In Partnership’s 1st transaction in California.

M&A Deal Summary

Date 2011-05-26
Target OfficeWorksRX
Sector Staffing
Buyer(s) Nurses In Partnership
Sellers(s) Ropart Asset Management
Deal Type Add-on Acquisition

Target

OfficeWorksRX

Woodland Hills, California, United States
OfficeWorks, Inc. provides staffing services for the healthcare industry.

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Buyer(S) 1

Buyer

Nurses In Partnership

Agoura Hills, California, United States

Category Company
Founded 2002
Sector Healthcare Services
DESCRIPTION

Nurses In Partnership, Inc. provides registered nurses to their partner healthcare providers for travel nursing assignments on various contract options.


DEAL STATS #
Overall 1 of 1
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Ropart Asset Management

Greenwich, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Ropart Asset Management (RAM) is a private equity firm that provides both debt and equity capital to small and middle market companies. RAM segments its investment activity between platform investments, mezzanine situations, and growth capital financings. For platform investments, RAM requires control and targets generally targets businesses with recurring revenue ($10 to $150 million) and clear opportunities for value-added change. The Firm generally looks to invest $3 to $15 million in businesses valued up to $100 million. Areas of interest include business services, industrial services, direct marketing, software/technology, consumer products, value-added distributions, infrastructure/logistics, human capital, hobbies/crafts, franchisors, financial services and healthcare services. Ropart Asset Management was founded in 2001 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 10 of 16
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 15
State: California M&A 2 of 3
Country: United States M&A 10 of 16
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-15 DeerTech

Pleasantville, New York, United States

DeerTech is a service company that provides ‘Three Circles of Protection’ to protect plants, gardens, and landscaping from deer damage. The Company’s combination of patented ultra-sound, proprietary spraying program, and sprays is far superior to fencing or other methods. The Company currently provides service in the high deer population areas of New York, (Westchester and Long Island), Southern Connecticut, New Jersey, Eastern Pennsylvania, and Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 Solution X Global

Provo, Utah, United States

Solution X Global (SXG) is a leading technology developer for the direct sales industry (DSI). Its industry leading products and services include web-based marketing, training, and retention systems as well as industry-specific social networking systems for distributors. The company currently provides customized solutions to over 30 clients, including leading DSI companies such as Avon, Boresha, MonaVie, and Tupperware.

Sell -