M&A Deal Summary

ORIX Capital Partners Acquires Network Connex

On December 3, 2018, private equity firm ORIX Capital Partners acquired information technology company Network Connex from O2 Investment Partners

Acquisition Highlights
  • This is ORIX Capital Partners’ 1st transaction in the Information Technology sector.
  • This is ORIX Capital Partners’ 4th transaction in the United States.
  • This is ORIX Capital Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2018-12-03
Target Network Connex
Sector Information Technology
Buyer(s) ORIX Capital Partners
Sellers(s) O2 Investment Partners
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Honigman (Legal)

Target

Network Connex

Downers Grove, Illinois, United States
Network Connex is a provider of mission-critical network deployment solutions in fiber optics, data centers, wireless, and video networks. NTI Connect is based in West Chicago, Illinois.

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Buyer(S) 1

DESCRIPTION

ORIX Capital Partners is a wholly owned subsidiary of ORIX Corporation USA and is an affiliate of Mariner Investment Group LLC. ORIX Capital Partners seeks direct equity investments in established middle-market companies throughout North America. The Firm looks to commit $100 to $250 million of capital in profitable businesses with $20 to $50 million of EBITDA. Sectors of interest include business services, infrastructure services, and industrials. ORIX Capital Partners is based in New York City.


DEAL STATS #
Overall 4 of 7
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Illinois) 2 of 2
Country (United States) 4 of 7
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Peak Utility Services Group

Arvada, Colorado, United States

Peak Utility Services Group is a utility services provider serving the natural gas, telecom and electric utility markets in the Pacific Northwest and Intermountain West regions of the United States. Peak Utility Services was formed in 2018 and is based in Arvada, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Specialty Welding and Turnarounds

Gonzales, Louisiana, United States

Specialty Welding and Turnarounds is a provider of specialty welding and other highly technical services to the oil and gas refinery, biodiesel, petrochemical, and industrial markets. Specialty Welding and Turnarounds was founded in 2014 and is based in Gonzales, Louisiana.

Buy -

Seller(S) 1

SELLER

O2 Investment Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

O2 Investment Partners is a Midwest US-based private equity group that acquires majority interests in small and mid-sized businesses operating in traditional industries, including manufacturing, niche distribution, select service and technology businesses. Target companies typically have stable cash flows, sustainable and defensible business models, and growth potential. O2 Investment Partners was formed in the year 2010 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 5 of 10
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 9
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Vessco

Chanhassen, Minnesota, United States

Vessco, Inc. is a wastewater equipment distributor and value-added service provider in its core territory of the Upper Midwest. Vessco offers its customers an exceptional breadth of products and services with its line card of valued vendors. Vessco provides its products and services in over 18 states. Vessco is based in Chanhassen, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Frontier Dental Laboratories

El Dorado Hills, California, United States

Frontier Dental Laboratories is a full-service, multi-site dental laboratory that provides high-end dental prosthetics, removable dental products, and implants primarily for the cosmetic dentistry industry. Frontier Dental Laboratories is based in El Dorado Hills, California.

Buy -