Investment Summary

Owner Resource Group, Freeman Spogli, Audax Private Debt and Adams Street Partners Invest In US Med-Equip

On November 29, 2017, private equity firm Owner Resource Group, private equity firm Freeman Spogli, mezzanine finance firm Audax Private Debt and asset manager Adams Street Partners invested in business services company US Med-Equip

Investment Highlights
  • This is Owner Resource Group’s 3rd, Freeman Spogli’s 3rd, Audax Private Debt’s 7th and Adams Street Partners’ 5th transaction in the Business Services sector.
  • This is Owner Resource Group’s 10th, Freeman Spogli’s 36th, Audax Private Debt’s 50th and Adams Street Partners’ 100th transaction in the United States.
  • This is Owner Resource Group’s 4th, Freeman Spogli’s 3rd, Audax Private Debt’s 4th and Adams Street Partners’ 10th transaction in Texas.

Investment Summary

Date 2017-11-29
Target US Med-Equip
Sector Business Services
Investor(s) Owner Resource Group
Freeman Spogli
Audax Private Debt
Adams Street Partners
Deal Type Growth Capital

Target

US Med-Equip

Houston, Texas, United States
US Med-Equip is a distributor and rental and related services provider of mission-critical moveable medical equipment used in hospitals. The Company provides equipment rentals across four product categories respiratory, infusion, monitoring, and central supply / NICU. US Med-Equip was founded in 2003 and is based in Houston Texas.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 4

DESCRIPTION

Owner Resource Group is a private investment firm focused on acquiring small, profitable companies with at least $3 million of EBITDA. The Firm is a generalist investor but has a preference for engineering-intensive manufacturing, service-supported distribution, and niche services companies. Owner Resource Group is a long-term investor and typically acquires majority positions. Owner Resource Group was established in 2007 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 10 of 18
Sector (Business Services) 3 of 4
Type (Growth Capital) 1 of 9
State (Texas) 4 of 5
Country (United States) 10 of 16
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Richardson Molding

Columbus, Indiana, United States

Richardson Molding is a manufacturer of proprietary and custom injection molded products primarily serving the industrial lead-acid battery market. Richardson Molding provides battery containers and covers to an attractive base of national original equipment manufacturers (“OEMs”) producing batteries in a variety of end markets including motive power, stationary/reserve power, and starting, lighting and ignition (SLI) power. Richardson Molding is based in Columbus, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Precision Hydraulic Cylinders

Beulaville, North Carolina, United States

Precision Hydraulic Cylinders is a manufacturer and supplier of hydraulic cylinders for original equipment manufacturers in the lift-truck, material handling, and mobile equipment markets. Precision Hydraulic Cylinders was founded in 1997 and is based in Beulaville, North Carolina.

Sell -
Investor

Freeman Spogli

Los Angeles, California, United States

Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


DEAL STATS #
Overall 36 of 48
Sector (Business Services) 3 of 5
Type (Growth Capital) 5 of 9
State (Texas) 3 of 6
Country (United States) 36 of 48
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 Planet Fitness

Hampton, New Hampshire, United States

Planet Fitness is a franchisor and operator of fitness centers in the United States, with more than 12.5 million members and 1,700+ stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico. Planet Fitness was formed in 1992 and is based in Hampton, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 CRH Healthcare

Atlanta, Georgia, United States

CRH Healthcare is a patient-focused operator of urgent care centers in Georgia, Florida, and Alabama. CRH operates a "family of brands", leveraging a different brand name in each state, while always being focused on the CRH Mission, "to deliver the Perfect Patient Experience every time". To achieve this mission, everything they do is focused on the 5 C's: Convenient, Courteous, Caring, Competent, and Compliant. All of CRH's clinics are equipped to help diagnose and treat a wide range of non-life-threatening illnesses and injuries as well as to provide occupational health services to local employers. CRH Healthcare was founded in 2012 and headquartered in Atlanta, Georgia.

Buy -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.


DEAL STATS #
Overall 51 of 67
Sector (Business Services) 7 of 8
Type (Growth Capital) 4 of 9
State (Texas) 4 of 4
Country (United States) 50 of 65
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Chesapeake IRB

Columbia, Maryland, United States

Chesapeake Research Review, Inc. is a provider of independent IRB services for pharmaceutical companies, universities, individual researchers, academic medical centers, and community hospitals. Chesapeake Research Review was formed in 1993 and is based in Columbia, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 Intermedix

Fort Lauderdale, Florida, United States

Intermedix is a provider of healthcare information technology based business services to emergency providers. Intermedix was founded in 1983 and is based in Fort Lauderdale, Florida.

Sell -
Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 111 of 148
Sector (Business Services) 5 of 6
Type (Growth Capital) 10 of 15
State (Texas) 10 of 11
Country (United States) 100 of 136
Year (2017) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Outpost Medicine

Indianapolis, Indiana, United States

Outpost Medicine is a clinical-stage biopharmaceutical company focused on developing novel therapeutics for the treatment of urologic and gastrointestinal disorders. Outpost Medicine was formed in 2016 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Atox Bio

Durham, North Carolina, United States

Atox Bio is a late stage biotechnology company that develops novel immunomodulators for critically ill patients. Atox Bio’s lead product, Reltecimod is initially being developed to treat Necrotizing Soft Tissue Infections (NSTI), a rare, life threatening infection for which no therapy currently exists. Atox Bio is based in Durham, North Carolina.

Buy -