M&A Deal Summary

Odyssey Investment Partners Acquires Tysers

On August 5, 2015, private equity firm Odyssey Investment Partners acquired insurance company Tysers from Black Diamond Capital Partners, Century Equity Partners, Weston Presidio, Cave Creek Capital Management, Beekman Group and aPriori Capital Partners

Acquisition Highlights
  • This is Odyssey Investment Partners’ 3rd transaction in the Insurance sector.
  • This is Odyssey Investment Partners’ 1st transaction in the United Kingdom.

Target

Tysers

London, United Kingdom
Tysers is a specialty commercial property & casualty insurance brokerage firm headquartered in the U.K. Tysers serves as an intermediary between retail and/or wholesale insurance brokers to facilitate the placement of unusual, complex, or specialized coverages within the London market, notably to Lloyds of London, and global insurance markets.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 35 of 52
Sector (Insurance) 3 of 4
Type (Secondary Buyout) 13 of 23
Country (United Kingdom) 1 of 1
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-13 Evergreen Tank Solutions

Houston, Texas, United States

Evergreen Tank Solutions, Inc. is a market leader in the temporary liquid and solid storage containment rental business. The Company rents tanks, boxes, tank trailers, spill containment and other related equipment to customers who use these products as temporary storage for everything from water to sensitive and hazardous waste.

Sell $405M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-07 4Wall Entertainment

Las Vegas, Nevada, United States

4Wall Entertainment is a provider of entertainment lighting and equipment to event venues, production companies, lighting designers and other users across a variety of end markets including conventions, trade shows, concerts, media productions and churches. 4Wall provides high quality entertainment lighting and equipment for rent and sale, and also offers custom lighting design and installation services. 4Wall Entertainment was founded in 1999 and is based in Las Vegas, Nevada.

Buy -

Seller(S) 6

SELLER

Black Diamond Capital Partners

Austin, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 72M USD
Size Small
Type Sector Focused
DESCRIPTION

Black Diamond Capital Partners is a specialist private equity firm focused on the insurance sector. Black Diamond seeks insurance companies headquartered in the US and Bermuda with strong franchises, quality management, and low 'susceptibility to unusual charges'. The Firm will act as the lead investor or is willing to partner with other investors. Black Diamond was formed in 2005 and is based in Austin, Texas.


DEAL STATS #
Overall 2 of 5
Sector (Insurance) 2 of 4
Type (Secondary Buyout) 2 of 4
Country (United Kingdom) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Amerilife

Clearwater, Florida, United States

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Werner

Itasca, Illinois, United States

WernerCo is a fully-integrated, international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Its portfolio of industry leading brands include Werner, KNAACK®, WEATHER GUARD®, Youngman®, BoSS®, Centaure, Duarib, Haemmerlin and Bailey. WernerCo is based in Itasca, Illinois.

Sell -
SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 15 of 23
Sector (Insurance) 9 of 12
Type (Secondary Buyout) 4 of 5
Country (United Kingdom) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 McBee Associates

Wayne, Pennsylvania, United States

McBee Associates, Inc. is the nation’s premier health care services and consulting firm that delivers financial, operational and clinical consulting services exclusively to healthcare providers across the continuum of care. For more than 45 years, McBee has designed services to ensure the success of clients by improving clinical, operational, and revenue cycle performance. McBee offers solutions that address the unique financial and operational needs of hospitals, home health, long-term care, and other organizations

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 Social Security Advocates for the Disabled

Norwell, Massachusetts, United States

Social Security Advocates for the Disabled LLC is a provider of Social Security disability insurance ("SSDI") advocacy services to individual clients on behalf of long-term disability insurance carriers.

Sell -
SELLER

Weston Presidio

Boston, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 45 of 52
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 11 of 16
Country (United Kingdom) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Jimmy John’s Sandwiches

Champaign, Illinois, United States

Jimmy John's Franchise LLC is a fast-casual submarine sandwich chain with nearly 2,000 restaurants located across the United States. Jimmy John's makes fresh, fast, and tasty sandwiches using freshly baked homemade bread, freshly sliced quality meats, and locally purchased, freshly sliced veggies. Jimmy John Liautaud is the Founder and Chairman of Jimmy John's Sandwiches.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 Jimmy John’s Sandwiches

Champaign, Illinois, United States

Jimmy John's Franchise LLC is a fast-casual submarine sandwich chain with nearly 2,000 restaurants located across the United States. Jimmy John's makes fresh, fast, and tasty sandwiches using freshly baked homemade bread, freshly sliced quality meats, and locally purchased, freshly sliced veggies. Jimmy John Liautaud is the Founder and Chairman of Jimmy John's Sandwiches.

Sell -
SELLER

Cave Creek Capital Management

Phoenix, Arizona, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Cave Creek Capital LLC is a growth investor with the flexibility of a family office, the talent of a major firm, and a much wider range of capital solutions than traditional Private Equity funds. Cave Creek looks to commit equity and mezzanine Investments of $5M to $25M and Companies with $20M to $150M of Revenues. Areas of interest include Business Services, Consumer Products & Services, Specialty Retail & Distribution, Healthcare Services, and Specialty Manufacturing. Cave Creek Capital Management was formed in 2004 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 12 of 13
Sector (Insurance) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (United Kingdom) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 QK

Holbrook, Arizona, United States

QK operates 79 Denny's restaurants in six states (Arizona, New Mexico, Texas, Colorado, Utah and Oregon) and is the largest franchisee of Denny's restaurants in the world. In November of 2000, QK diversified and purchased its first Del Taco restaurant in Albuquerque, New Mexico. Today, they operate six Del Taco restaurants in New Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 Transnational Foods

Miami, Florida, United States

Transnational Foods is an international distributor of quality shelf-stable food products, including canned seafood, pickles, olives, juices, and grains to retailers throughout the U.S. Transnational Foods was founded in 2002 and is based in Miami, Florida.

Buy -
SELLER

Beekman Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Beekman Group, LLC is a private equity firm that invests in small to mid-sized healthcare, consumer, business, and financial services companies. TBG focuses on companies with revenues between $10 to $300 million. Beekman looks to invest $20 to $150 million per transaction. Specific areas of interest include hospital services, dental services, home care, outsourcing services, restaurants, specialty retail, consumer packaged goods, food and food services, infrastructure, education and training, logistics and distribution, insurance, specialty finance, community banking, and asset management. Target transaction types include MBOs, recapitalizations, consolidations, growth capital financings, corporate spin-offs, and special situations. The Beekman Group was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 3 of 9
Sector (Insurance) 2 of 2
Type (Secondary Buyout) 2 of 5
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-21 Direct Connect Holdings

Chantilly, Virginia, United States

Direct Connect Holdings LLC provides customized electronic payment processing, equipment, merchant services, and support to businesses across the United States and Canada. Direct Connect Holdings was established in 1994 and is based in Chantilly, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 OneWater

Buford, Georgia, United States

OneWater is a collection of recreational boat dealerships in the U.S. with locations across Alabama, Florida, Georgia, Kentucky, Maryland, South Carolina, and Texas. The dealerships offer new and pre-owned boats for sale, in addition to the sale of parts and accessories and other boat services. OneWater was formed in 2014 and is based in Buford, Georgia.

Buy -
SELLER

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 46 of 51
Sector (Insurance) 3 of 3
Type (Secondary Buyout) 12 of 13
Country (United Kingdom) 4 of 5
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 Driven Brands

Charlotte, North Carolina, United States

Driven Brands is a parent company of automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers; Paint & Collision, housing Maaco, CARSTAR, and ABRA; Distribution, housing 1-800-Radiator & A/C and Spire Supply; and Quick Lube, housing Take 5 Oil Change. Driven Brands was incorporated in 1972 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Visant

Armonk, New York, United States

Visant Corporation is a provider of marketing and publishing services in the school affinity products, sampling, packaging, direct marketing and educational and trade publishing segments.

Sell $1.5B