Recapitalization • Business Services

RunTide Capital and Oxbow Industries Acquire Ascent Global

On January 1, 2021, growth capital firm RunTide Capital and private equity firm Oxbow Industries acquired business services company Ascent Global

Acquisition Context
  • This is RunTide Capital’s 1st and Oxbow Industries’ 1st transaction in the Business Services sector.
  • This is RunTide Capital’s 3rd and Oxbow Industries’ 5th transaction in the United States.
  • This is RunTide Capital’s 1st and Oxbow Industries’ 4th transaction in Minnesota.

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M&A Deal Summary

Date January 1, 2021
Target Ascent Global
Sector Business Services
Buyer(s) RunTide Capital
Oxbow Industries
Deal Type Recapitalization

Target Company

Ascent Global

Minneapolis, Minnesota, United States
Ascent is the partner to solve the most challenging cybersecurity problems. The firm is built to evolve its cybersecurity posture, modernize Microsoft solutions, and manage entire security ecosystems. With constantly advancing capabilities, including incident response and CMMC, the company provides organizations with the consulting excellence and operational expertise needed to build a safer tomorrow. Ascent is based in Minneapolis, Minnesota.
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Buyers Overview 2

DESCRIPTION

RunTide Capital is a private investment group focused on providing growth capital to expansion stage companies. The Firm looks to commit $15 to $35 million per transaction and will consider opportunities throughout North America and Europe. Sectors of interest include digital media, SaaS, mobile services, digital analytics, digital marketing, e-commerce, communications, and cloud computing. RunTide Capital is based in New York City.


Deal Context for Buyer #
Overall 4 of 5
Sector: Business Services 1 of 1
Type: Recapitalization 1 of 1
State: Minnesota 1 of 1
Country: United States 3 of 4
Year: 2021 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-18 BinWise

San Francisco, California, United States

BinWise is a complete online platform for procurement, management, and fulfillment of wine, beer, and liquor. Binwise is designed by sommeliers to help restaurateurs become more successful by streamlining the operational aspects of beverage management. BinWise was founded in 2007 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 ATSG

Briarcliff, New York, United States

ATSG is a tech-enabled managed services and solutions company focused on innovative solutions to enhance today's digital enterprise and end-user experiences. ATSG provides Intelligent IT through Technology Solutions as a Service (TSaaS) to a variety of customers; leveraging an offerings portfolio of rediTech, rediManage, rediCloud, and rediSecure, which delivers reliable, elastic, dynamic infrastructure, collaboration, applications, as well as world-class IT operations. ATSG was formed in 1994 and is based in Briarcliff, New York.

Buy -
Buyer

Oxbow Industries

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Oxbow Industries is a private investment and holding company focused on acquiring mid-sized businesses in partnership with management teams. The Firm targets companies with $20 to $250 million and can support a variety of transaction situations including capital for growth and liquidity for ownership. Sectors of interest include consumer products, industrial products, value-added distribution, and business services. Oxbow Industries was formed in 2004 and is headquartered in Minneapolis, Minnesota.


Deal Context for Buyer #
Overall 5 of 5
Sector: Business Services 1 of 1
Type: Recapitalization 1 of 1
State: Minnesota 4 of 4
Country: United States 5 of 5
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Vectair Systems

Memphis, Tennessee, United States

Vectair Systems is a manufacturer and supplier of hygiene products delivering sanitary solutions to customers and facilities worldwide spanning over 120 countries. Vectair Systems was formed in 1988 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-11 Town & Country Fence

Brooklyn Park, Minnesota, United States

Town & Country Fence is a family-owned fencing company providing high-quality fence installations, affordable materials, and unmatched customer service to both residential and commercial properties throughout the region. Town & Country Fence was formed in 1983 and is based in Brooklyn Park, Minnesota.

Sell -