M&A Deal Summary

Platform Partners Acquires Evette

On June 1, 2018, private equity firm Platform Partners acquired staffing company Evette

Acquisition Highlights
  • This is Platform Partners’ 2nd transaction in the Staffing sector.
  • This is Platform Partners’ 19th transaction in the United States.
  • This is Platform Partners’ 15th transaction in Texas.

M&A Deal Summary

Date 2018-06-01
Target Evette
Sector Staffing
Buyer(s) Platform Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Evette

Dallas, Texas, United States
Evette is a veterinarian staffing company with a nationwide presence. Evette hires general practitioners and emergency veterinarians for both long-term and relief staffing through flexible, short-term, and auto renewing contracts with clinics and veterinarians. Evette was founded in 2016 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.


DEAL STATS #
Overall 19 of 30
Sector: Staffing M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 14
State: Texas M&A 15 of 22
Country: United States M&A 19 of 30
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Vortex

Houston, Texas, United States

Vortex is a trenchless solution provider in the water, sewer, and industrial marketplace. Its suite of services includes turnkey bypass and dewatering, large diameter structural relining, pipe bursting and slip lining, structural and corrosion protection, trenchless robotic systems, pipe and drain cleaners and industrial facility maintenance and renewal. Vortex is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 Beneplace

Austin, Texas, United States

Beneplace LLC is a marketer and distributor of voluntary employee benefits and employee discount programs serving Fortune 1000 companies, large associations, and government agencies. Beneplace was founded in 1974 and is based in Austin, Texas.

Sell -