M&A Deal Summary

OceanSound Partners Acquires PAR Excellence

On September 9, 2024, private equity firm OceanSound Partners acquired business services company PAR Excellence from Northlane Capital Partners

Acquisition Highlights
  • This is OceanSound Partners’ 1st transaction in the Business Services sector.
  • This is OceanSound Partners’ 10th transaction in the United States.
  • This is OceanSound Partners’ 1st transaction in Ohio.

M&A Deal Summary

Date 2024-09-09
Target PAR Excellence
Sector Business Services
Buyer(s) OceanSound Partners
Sellers(s) Northlane Capital Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Sidley (Legal)

Target

PAR Excellence

Cincinnati, Ohio, United States
PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. PAR Excellence was founded in 1992 and is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

OceanSound Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

OceanSound Partners is a private equity firm that makes control investments in technology and technology-enabled services companies serving government and enterprise end markets. The Firm seeks situations where it can be a hands-on investor, helping partner companies with its experience in supporting growth initiatives. OceanSound Partners was formed in 2018 and is based in New York, New York.


DEAL STATS #
Overall 10 of 12
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 10 of 12
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Convey

Denver, Colorado, United States

Convey is a provider of customer engagement software for electric utilities and other highly regulated industry sectors. Convey's software solutions drive increased customer satisfaction, operational efficiency, self-service, and conversion across several communication channels and critical use cases, including power outages, payments, and energy efficiency. Convey was founded in 1998 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-29 Antenna Research Associates

Laurel, Maryland, United States

Antenna Research Associates provides integrated RF and advanced communications products, including components, assemblies, and subsystems, to the aerospace and defense end markets. Antenna Research Associates was founded in 1963 and is based in Laurel, Maryland.

Buy -

Seller(S) 1

SELLER

Northlane Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Northlane Capital Partners is a private equity firm focused on acquiring mid-sized companies in the healthcare and business services sectors. The Firm looks to invest $25 to $150 million in profitable businesses valued up to $300 million. Northlane prefers companies with defensible market positions, recurring revenue business models, strong prospects for growth, and products with inelastic prices. Northlane Capital Partners was formed in 2014 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 5 of 7
Sector: Business Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 3 of 5
State: Ohio M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Brandmuscle

Chicago, Illinois, United States

Brandmuscle is a local marketing software company that enables brands to own the local decision point by empowering their network of local distributors, dealers, franchisees and salespeople with everything they need to deliver brand-approved marketing tactics customized to local needs, tastes and other relevant differences that can affect the sale. Brandmuscle was founded in 2000 and based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-07 USDTL

Des Plaines, Illinois, United States

USDTL offers a broad suite of forensic testing capabilities. USDTL provides substance abuse toxicology services worldwide for healthcare facilities, child protection agencies, the Department of Defense, legal services, research, businesses, and analytical and forensic laboratories. USDTL was founded in 1991 and is based in Des Plaines, Illinois.

Buy -