M&A Deal Summary

Parallon Business Solutions Acquires Martin Fletcher Associates Holdings

On December 4, 2012, Parallon Business Solutions acquired staffing company Martin Fletcher Associates Holdings from Highlander Partners

Acquisition Highlights
  • This is Parallon Business Solutions’ 1st transaction in the Staffing sector.
  • This is Parallon Business Solutions’ 1st transaction in the United States.
  • This is Parallon Business Solutions’ 1st transaction in Texas.

M&A Deal Summary
Date 2012-12-04
Target Martin Fletcher Associates Holdings
Sector Staffing
Buyer(s) Parallon Business Solutions
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition

Target

Martin Fletcher Associates Holdings

Irving, Texas, United States
Martin Fletcher Associates Holdings, Inc. is a permanent placement and Locum Tenens healthcare staffing company. It focuses on providing permanent placements of nurses, allied healthcare professionals and physicians serving over 1,800 customers including acute hospitals, physician practices and large healthcare systems in all 50 states.

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Buyer(S) 1

Buyer

Parallon Business Solutions

Franklin, Tennessee, United States
Category Company
Founded 2011
Sector Healthcare Services
DESCRIPTION

Parallon Business Solutions LLC is a provider of business and operational services for the healthcare industry.

DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.

DEAL STATS #
Overall 2 of 31
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 20
State (Texas) 1 of 7
Country (United States) 2 of 22
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-22 ProService

Warsaw, Poland

ProService is a provider of technology services and solutions to mutual and pension funds, insurance companies, and banks. The Company offers a variety of services including transfer agent, asset valuation, fund distribution, asset management, corporate accounting, manage Services, and IT solutions. ProService is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 Custom Windows & Doors

Ocala, Florida, United States

Custom Window Systems, Inc. is a designer and manufacturer of windows, doors, and porch enclosure products in the southeastern United States. CWS offers a full range of aluminum impact-resistant windows and doors, aluminum and vinyl non-impact windows and doors, and porch enclosure products. Custom Window Systems, Inc. was founded in 1986 and is based in Ocala, Florida.

Buy -
Mergr

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