M&A Deal Summary

Paramount Acquires Health Resources

On December 29, 2017, Paramount acquired healthcare services company Health Resources from HKW

Acquisition Highlights
  • This is Paramount’s 1st transaction in the Healthcare Services sector.
  • This is Paramount’s 1st transaction in the United States.
  • This is Paramount’s 1st transaction in Indiana.

M&A Deal Summary

Date 2017-12-29
Target Health Resources
Sector Healthcare Services
Buyer(s) Paramount
Sellers(s) HKW
Deal Type Add-on Acquisition

Target

Health Resources

Evansville, Indiana, United States
Health Resources, Inc. is a provider of dental benefit programs to employers across Indiana and Kentucky.

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Buyer(S) 1

Buyer

Paramount

Maumee, Ohio, United States

Category Company
Sector Insurance
DESCRIPTION

Paramount is a health insurance company that offers health insurance to both large and small groups, fully insured and self-insured in northwest Ohio and southeast Michigan. Paramount is based in Maumee, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


DEAL STATS #
Overall 29 of 38
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 19
State: Indiana M&A 7 of 7
Country: United States M&A 26 of 30
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Civix

Metairie, Louisiana, United States

Civix provides professional services and software products to public sector clients. Software suites include business registration/filings, voter registration, campaign finance, nuclear water chemistry management, and airport management. Civix was founded in 1979 and is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 TitanGPS

Edmonton, Alberta, Canada

Certified Tracking Solutions develops software for applications ranging from specialized fleet management telematics solutions to consumer-based GPS tracking and vehicle control systems. Certified Tracking Solutions was founded in 2004 and is based in Edmonton, Alberta.

Buy -