M&A Deal Summary

Perpetual Capital Partners Acquires Novatech

On September 4, 2024, private equity firm Perpetual Capital Partners acquired information technology company Novatech from Trivest Partners

Acquisition Highlights
  • This is Perpetual Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Perpetual Capital Partners’ 4th transaction in the United States.
  • This is Perpetual Capital Partners’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2024-09-04
Target Novatech
Sector Information Technology
Buyer(s) Perpetual Capital Partners
Sellers(s) Trivest Partners
Deal Type Secondary Buyout

Target

Novatech

Nashville, Tennessee, United States
Novatech is a provider of business technology solutions to small and medium businesses, as well as Fortune 1000 and government customers. Novatech's product and service offerings include managed print and IT services, multifunction devices, production printers, wide format printers, document solutions, and 3D Printing, scanning and prototyping solutions. Novatech is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Perpetual Capital Partners

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Perpetual Capital Partners is a private investment firm focused on acquiring and making growth capital investments in growth-oriented, profitable, lower middle-market companies. The Firm seeks companies with $5 to $15 million of cash-flow and will consider opportunities in the consumer, retail, industrial, media, information services, financial services, and business services. Perpetual Capital Partners was formed in 2013 and is based in Arlington, Virginia.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Tennessee) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 In-Shape

Stockton, California, United States

In-Shape owns and operates health club companies with a vision for helping people stay healthy and have fun. In-Shape was founded in 1981 and is based in Stockton, California.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 36 of 38
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 17 of 18
State (Tennessee) 1 of 1
Country (United States) 33 of 34
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Front Row Group

New York, New York, United States

Front Row Group is an e-commerce agency and accelerator specializing in beauty, health, wellness, and consumer brands. Front Row Group is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 Total Power

Mississauga, Ontario, Canada

Total Power provides a full complement of maintenance and repair services, rentals, and equipment sales for standby, mobile, and prime power generator systems and other power quality and continuity equipment ranging from 10kW to 2,000kW and beyond. Total Power was founded in 1959 and is based in Mississauga, Ontario.

Sell -
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