M&A Deal Summary

Petra Capital Partners and Baymark Partners Acquire United States Appraisals

On May 22, 2015, private equity firms Petra Capital Partners and Baymark Partners acquired business services company United States Appraisals

Acquisition Highlights
  • This is Petra Capital Partners’ 6th and Baymark Partners’ 1st transaction in the Business Services sector.
  • This is Petra Capital Partners’ 35th and Baymark Partners’ 5th transaction in the United States.
  • This is Petra Capital Partners’ 1st and Baymark Partners’ 1st transaction in Kansas.
Investment Fate
  • United States Appraisals was sold to a publicly-traded strategic buyer in 2020.

M&A Deal Summary

Date 2015-05-22
Target United States Appraisals
Sector Business Services
Buyer(s) Petra Capital Partners
Baymark Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

United States Appraisals

Overland Park, Kansas, United States
United States Appraisals provides a comprehensive suite of residential valuation products to mortgage lenders. The company provides its clients with an appraisal solution that delivers 100% compliance, superior customer service, unprecedented quality, and industry-leading turn times. United States Appraisals was formed in 2008 and is based in Overland Park, Kansas.

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Buyer(S) 2

Buyer

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 35 of 55
Sector: Business Services 6 of 9
Type: Buyout (LBO, MBO, MBI) 15 of 25
State: Kansas 1 of 1
Country: United States 35 of 55
Year: 2015 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Lineagen

Salt Lake City, Utah, United States

Lineagen, Inc. is a molecular diagnostics company that focuses on disorders of childhood development. Lineagen helps physicians personalize medical management for individuals with developmental delay and autism spectrum disorder by providing cutting-edge genetic testing services. Lineagen was established in 2006 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Mycroft

St. Louis, Missouri, United States

Mycroft, Inc. provides IT and business process management ("BPM") solutions, identity and access management ("IAM") solutions, and managed infrastructure services to large organizations.

Sell -
Buyer

Baymark Partners

Plano, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Baymark Partners is a private equity group focused on acquiring smaller growth companies that can expand into mid-sized businesses. Baymark generally looks for companies that are breakeven or have up to $20 million in EBITDA. Sectors of interest include business services, IT outsourcing and medical/healthcare services. Baymark prefers opportunities in Texas and neighboring states. Baymark Partners is based in Dallas.


DEAL STATS #
Overall 5 of 14
Sector: Business Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 4 of 10
State: Kansas 1 of 1
Country: United States 5 of 14
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 J&G Concrete Products

Waxahachie, Texas, United States

J&G Concrete Products, Inc. is a manufacturer of pipes. J&G Concrete Products products include Precast Concrete Pipe, Precast Concrete Arch Pipe, and cutting edge Precast Gasketed Box Culverts. J&G Concrete Products was founded in 2003 and is based in Waxahachie, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Memorial MRI and Diagnostic

Houston, Texas, United States

Memorial MRI & Diagnostic is a provider of outpatient diagnostic imaging services in the Houston market. It is a provider of diagnostic imaging services including MRI, CT or CAT scan, nuclear medicine, ultrasound, digital X-ray, digital mammography, dual energy X-ray or DEXA, pain management and other radiology services. Memorial MRI and Diagnostic is based in Houston, Texas.

Sell -