M&A Deal Summary

Peterson Partners Acquires Elevated Billing Solutions

On January 1, 2015, asset manager Peterson Partners acquired business services company Elevated Billing Solutions

Acquisition Highlights
  • This is Peterson Partners’ 7th transaction in the Business Services sector.
  • This is Peterson Partners’ 39th transaction in the United States.
  • This is Peterson Partners’ 19th transaction in Utah.
Investment Fate
  • Elevated Billing Solutions was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2015-01-01
Target Elevated Billing Solutions
Sector Business Services
Buyer(s) Peterson Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Elevated Billing Solutions

South Jordan, Utah, United States
Elevated Billing Solutions is a financial services company specializes in substance abuse and mental health billing services. Elevated Billing Solutions was established in 2011 and is based in South Jordan, Utah.

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Buyer(S) 1

Buyer

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 45 of 58
Sector: Business Services M&A 7 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 25
State: Utah M&A 19 of 22
Country: United States M&A 39 of 51
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 L.A. Spas

Anaheim, California, United States

L.A. Spas, Inc. is a developer, manufacturer and marketer of premium above ground spas, spa-related accessories, parts and supplies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Ackerman Security Systems

Peachtree Corners, Georgia, United States

Ackerman Security Systems provides security systems and services for residential and commercial sectors. It offers motion detectors, smoke detectors, remote control systems, burglary and fire systems, access control, monitoring services, security consulting, CCTV surveillance systems, remote video viewing and storage systems, and video badging systems. Ackerman Security Systems was founded in 1992 and is based in Peachtree Corners, Georgia.

Sell -