M&A Deal Summary

Palladium Equity Partners Acquires TransForce

On July 6, 2015, private equity firm Palladium Equity Partners acquired staffing company TransForce from Argentum Capital Partners, First Analysis and Merion Investment Partners

Acquisition Highlights
  • This is Palladium Equity Partners’ 1st transaction in the Staffing sector.
  • This is Palladium Equity Partners’ 35th transaction in the United States.
  • This is Palladium Equity Partners’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2015-07-06
Target TransForce
Sector Staffing
Buyer(s) Palladium Equity Partners
Sellers(s) Argentum Capital Partners
First Analysis
Merion Investment Partners
Deal Type Secondary Buyout

Target

TransForce

Alexandria, Virginia, United States
TransForce is a provider of full-service outsourcing and staffing solutions to the trucking and third-party logistics industries. The company is experiencing rapid internal growth through multiple branch openings and aims to become a leading consolidator in a fragmented industry. TransForce was founded in 1991 and is based in Alexandria, Virginia.

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Buyer(S) 1

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 36 of 51
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 4 of 9
State (Virginia) 2 of 2
Country (United States) 35 of 50
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Raben Tire

Evansville, Indiana, United States

Raben Tire Co. LLC is an independent tire dealer offering new and retreaded tires as well as automotive services to retail, commercial, and wholesale customers. Raben operates 25 stores, two wholesale distribution centers, and three retreading facilities across five midwestern states. Raben Tire carries a diverse product portfolio including passenger, truck, farm, off road, and motorcycle tires.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 GoodWest

Douglassville, Pennsylvania, United States

GoodWest is a manufacturer and supplier of aseptic beverages and food service dispensing solutions, primarily selling shelf-stable, bulk, bag-in-box coffee creamer, and iced coffee. GoodWest was founded in 1994 and is based in Douglassville, Pennsylvania.

Buy -

Seller(S) 3

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 30 of 44
Sector (Staffing) 2 of 2
Type (Secondary Buyout) 4 of 6
State (Virginia) 1 of 2
Country (United States) 28 of 42
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Conner Industries

Fort Worth, Texas, United States

Conner Industries is a provider of industrial wood and packaging solutions. Conner specializes in supplying cut lumber (softwoods, hardwoods, and panel products) needed for pallets, crates, and skid parts, fully assembled custom pallets, crates, engineered packaging solutions, and a wide variety of services tailored to customer needs. Conner Industries was established in 1981 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 BuyerQuest

Cleveland, Ohio, United States

BuyerQuest, Inc. is a spend management software and services company, founded on the core belief that the enterprise procurement experience can and should be just as easy as an everyday B2C e-commerce shopping experience. BuyerQuest, Inc. was founded in 2011 and is based in Cleveland, Ohio.

Buy -
SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 55 of 71
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 9 of 11
State (Virginia) 1 of 2
Country (United States) 55 of 70
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Intradiem

Alpharetta, Georgia, United States

Intradiem is a provider of a SaaS-based solution that automates intraday management and real-time processes and turns frontline workforces into real-time workforces that can adapt and respond to changing conditions and events throughout the day.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Medicinal Genomics

Beverly, Massachusetts, United States

Medicinal Genomics provides state-of-the-art life science technology to cannabis and its pests and was the first company to sequence the cannabis genome. Its products, based on next-generation DNA sequencing technology, help growers, dispensaries, and safety testing laboratories characterize and understand the quality of medicinal cannabis. Medicinal Genomics was formed in 2011 and is based in Beverly, Massachusetts.

Buy -
SELLER
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 17 of 26
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 8 of 9
State (Virginia) 2 of 2
Country (United States) 17 of 26
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Amtech

Wapato, Washington, United States

Amtech Corp. is a manufacturer of composite-based products and parts with strong expertise in engineering and design. Amtech was founded in 1987 and is based in Wapato, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Indigo Signworks

Fargo, North Dakota, United States

Indigo Signworks is a provider of custom-made exterior and interior signage, offering a wide suite of services, including design, manufacturing, installation, and maintenance to a diverse customer base. Indigo Signworks was founded in 1996 and is based in Fargo, North Dakota.

Buy -