Investment Summary

Platform Partners and Lorient Capital Invest In ShiftKey

On March 1, 2021, private equity firms Platform Partners and Lorient Capital invested in staffing company ShiftKey

Investment Highlights
  • This is Platform Partners’ 3rd and Lorient Capital’s 1st transaction in the Staffing sector.
  • This is Platform Partners’ 24th and Lorient Capital’s 3rd transaction in the United States.
  • This is Platform Partners’ 17th and Lorient Capital’s 1st transaction in Texas.

Investment Summary

Date 2021-03-01
Target ShiftKey
Sector Staffing
Investor(s) Platform Partners
Lorient Capital
Deal Type Growth Capital

Target

ShiftKey

Dallas, Texas, United States
ShiftKey is a tech-enabled, virtual staffing agency connecting healthcare providers (nurses) with post-acute care facilities across the U.S. The company serves skilled nursing facilities and connects them with per diem nurses using its proprietary staffing software. ShiftKey was founded in 2016 and is based in Dallas, Texas.

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Investor(S) 2

Investor

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 24 of 28
Sector (Staffing) 3 of 3
Type (Growth Capital) 7 of 9
State (Texas) 17 of 20
Country (United States) 24 of 28
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Exact Payments

Scottsdale, Arizona, United States

Exact Payments provides payment gateway software services to payment processors, bank partners, and omnichannel merchants. Exact Payments was founded in 1999 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 South Coast

Houston, Texas, United States

South Coast is an independent toll manufacturer of specialty chemicals and lubricant additives in North America. South Coast provides chemical processing, terminaling, warehousing, drumming and packaging, and other support services for the largest lubricant additive companies in the industry. South Coast was founded in 1964 and is based in Houston, Texas.

Buy -
DESCRIPTION

Lorient is a private investment firm focused exclusively on the healthcare industry. Lorient looks for cash-flow-positive companies requiring $25 to $100 million of equity capital. Specific ares of interest include physician practice management, post-acute care, behavioral health, and outsourced services such as staffing, education, and consulting. Lorient Capital was established in 2015 and is headquartered in Birmingham, Michigan.


DEAL STATS #
Overall 3 of 5
Sector (Staffing) 1 of 1
Type (Growth Capital) 1 of 3
State (Texas) 1 of 1
Country (United States) 3 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 MedCerts

Livonia, Michigan, United States

MedCerts LLC is a provider of training services self-paced, user-friendly multimedia, simulations, and more importantly, mentored learning assistance from expert instructors and certification professionals. MedCerts comprehensive video-based training programs provide students with the knowledge and skills required to obtain nationally and internationally recognized certifications in growing specialized Healthcare and IT fields. MedCerts was founded in 2009 and is based in Livonia, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Rise Health

Phoenix, Arizona, United States

Rise Health owns and operates senior-focused primary care clinics and a management services organization focused on managing global-risk and value-based outcomes. Rise Health was founded in 2021 and is based in Phoenix, Arizona.

Buy -