M&A Deal Summary

Osceola Caital Management Acquires Tendit Group

On August 27, 2019, private equity firm Osceola Caital Management acquired business services company Tendit Group

Acquisition Highlights
  • This is Osceola Caital Management’s 2nd transaction in the Business Services sector.
  • This is Osceola Caital Management’s 7th transaction in the United States.
  • This is Osceola Caital Management’s 1st transaction in Colorado.

M&A Deal Summary

Date 2019-08-27
Target Tendit Group
Sector Business Services
Buyer(s) Osceola Caital Management
Deal Type Recapitalization
Advisor(s) Forbes Partners (Financial)
Minor & Brown (Legal)

Target

Tendit Group

Denver, Colorado, United States
Tendit Group is a provider of exterior facility services in the Mountain West. The company’s comprehensive service offerings include pressure washing, asphalt maintenance, landscaping, snow removal, pavement striping & marking, power sweeping, specialty cleaning, industrial hygiene, environmental spill clean-up, wet sandblasting, graffiti/paint removal, window cleaning, and caulking. Tendit Group was founded in 1992 and is based in Denver, Colorado.

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Buyer(S) 1

DESCRIPTION

Osceola Capital Management is a private equity firm focused on acquiring small service companies operating in fragmented industries. The Firm looks for profitable businesses ($1 to $10 million of EBITDA) with $5 to $50 million of sales. Areas of interest include business services, healthcare services, tech-enabled services, and industrial services. Osceola Capital Management was established in 2014 and is headquartered in Tampa, Florida.


DEAL STATS #
Overall 7 of 14
Sector (Business Services) 2 of 6
Type (Recapitalization) 1 of 3
State (Colorado) 1 of 2
Country (United States) 7 of 14
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Quote

Tampa, Florida, United States

Quote is a digital media company focused on providing lead generation services to the finance and insurance industries. Quote focuses on the auto insurance and medicare segments. Quote is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 PayrHealth

Austin, Texas, United States

PayrHealth provides analytical, contracting, negotiation, credentialing, and revenue cycle solutions to healthcare organizations. PayrHealth is an all-in-one payor relationship and network development solution - strategically modeling and proactively managing contracts, strengthening payor-provider relationships, and optimizing revenue cycle management to help safeguard the best partnerships between healthcare providers and payors. PayrHealth was founded in 1994 and is based in Austin, Texas.

Buy -