M&A Deal Summary

OSG Billing Services Acquires Microdynamics Group

On October 18, 2017, OSG Billing Services acquired business services company Microdynamics Group from Stonehenge Partners and Granite Bridge Partners

Acquisition Highlights
  • This is OSG Billing Services’ 3rd transaction in the Business Services sector.
  • This is OSG Billing Services’ 7th transaction in the United States.
  • This is OSG Billing Services’ 1st transaction in Illinois.

M&A Deal Summary

Date 2017-10-18
Target Microdynamics Group
Sector Business Services
Buyer(s) OSG Billing Services
Sellers(s) Stonehenge Partners
Granite Bridge Partners
Deal Type Add-on Acquisition

Target

Microdynamics Group

Naperville, Illinois, United States
Microdynamics Group is a Chicago-based national provider of personalized transactional printing, inserting, and mailing services. Clients include a wide variety of financial institutions, credit unions, commercial and industrial enterprises, health care, and utility companies.

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Buyer(S) 1

Buyer

OSG Billing Services

Ridgefield Park, New Jersey, United States

Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

OSG Billing Services is a global provider of customer engagement and payment solutions. The company helps clients to integrate critical customer interactions, optimizing working capital, and driving profitable business growth. These solutions connect the entire customer experience by aligning transactional, payment, and marketing touchpoints for simplified operations and smarter engagement across a diversified variety of end markets, including financial services, real estate, healthcare, and governments & municipalities. OSG Billing Services was founded in 1992 and is based in Ridgefield Park, New Jersey.


DEAL STATS #
Overall 7 of 15
Sector: Business Services M&A 3 of 6
Type: Add-on Acquisition M&A Deals 7 of 14
State: Illinois M&A 1 of 1
Country: United States M&A 7 of 13
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 WhatCounts

Atlanta, Georgia, United States

WhatCounts is web-based e-mail marketing through a software-as-a-service platform also offers SMS mobile marketing, broadcast voice messaging, database management, customer intelligence, and online lead generation services. WhatCounts was established in 2000 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Diamond Communication Solutions

Alpharetta, Georgia, United States

Diamond Communication Solutions is a full-service provider in the design, production, and deployment of data-driven, highly personalized customer communications with a focus on the healthcare and financial industries. Diamond Communication Solutions was founded in 2001 and is based in Alpharetta, Georgia.

Buy -

Seller(S) 2

SELLER

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


DEAL STATS #
Overall 34 of 40
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 13 of 17
State: Illinois M&A 5 of 5
Country: United States M&A 33 of 39
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 BHS Specialty Chemicals

Salt Lake City, Utah, United States

BHS Specialty Chemicals LLC (formerly BHS Marketing LLC) is a manufacturer, blender and distributor of specialty chemicals with facilities in Salt Lake City, UT, Nampa, ID and Fort Lupton, CO. BHS primarily serves the food processing and water treatment industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Algiere Companies

Plano, Texas, United States

Algiere Companies is a contractor that specializes in renovation and conversion services for the hospitality industry, offering full turnkey design/build solutions from general construction and interior design to purchasing and installation services. Algiere Companies was founded in 1978 and is based in Plano, Texas.

Buy -
SELLER

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 8 of 12
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 7
State: Illinois M&A 1 of 1
Country: United States M&A 7 of 10
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Winning Streak Sports

Lenexa, Kansas, United States

Winning Streak Sports is a supplier and distributor of sports products to the licensed sports novelty marketplace. Winning Streak Sports is based in Lenexa, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Teraco

Midland, Texas, United States

Teraco is a provider of PVC loyalty cards, gift cards, hotel key cards and other plastic cards and promotional products. Teraco was formed in 1962 and is based in Midland, Texas.

Sell -