M&A Deal Summary

Plexus Capital and Longshore Capital Partners Acquire Oakpoint

On September 1, 2019, private equity firms Plexus Capital and Longshore Capital Partners acquired healthcare services company Oakpoint

Acquisition Highlights
  • This is Plexus Capital’s 5th and Longshore Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Plexus Capital’s 85th and Longshore Capital Partners’ 2nd transaction in the United States.
  • This is Plexus Capital’s 11th and Longshore Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2019-09-01
Target Oakpoint
Sector Healthcare Services
Buyer(s) Plexus Capital
Longshore Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Oakpoint

Raleigh, North Carolina, United States
Oakpoint is a dental service organization that provides centralized non-clinical support services to general dentistry and orthodontic practices primarily in North Carolina. Oakpoint is based in Raleigh, North Carolina.

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Buyer(S) 2

Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 85 of 149
Sector: Healthcare Services M&A 5 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 37 of 70
State: North Carolina M&A 11 of 19
Country: United States M&A 85 of 149
Year: 2019 M&A 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-31 SuccessEd

Frisco, Texas, United States

SuccessEd provides, develops and sells SaaS-based educational software solutions for special education and other special programs to K-12 schools and school districts primarily in the state of Texas. SuccessEd was founded in 1994 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Team Laboratory Chemical

Detroit Lakes, Minnesota, United States

Team Laboratory Chemical is a specialty chemical company. Team Lab chemicals and products are used primarily in paved surface construction and maintenance, wastewater and pool treatment, lawn and turf care, building maintenance, and boiler systems. Team Laboratory Chemical was founded in 1977 and is based in Detroit Lakes, Minnesota.

Buy -
Buyer
DESCRIPTION

Longshore Capital Partners is a private investment firm focused principally on the services sector. The Firm targets control positions in profitable ($5 to $15 million of EBITDA) lower middle-market companies with up to $100 million in revenue and will consider opportunities throughout North America. Longshore prefers companies with growth and high levels of recurring revenue. Longshore Capital Partners was formed in 2020 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 11
Sector: Healthcare Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 11
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Revco Solutions

Columbus, Ohio, United States

Revco Solutions is a revenue cycle management company serving hospitals, physician groups and other constituents in the healthcare community and to a limited extent, governments, utilities and retailers. Revco Solutions was founded in 1948 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Eclipse Advantage

Melbourne, Florida, United States

Eclipse Advantage is a provider of outsourced supply chain workforce solutions specializing in servicing warehouses and distribution centers. The company partners with Fortune 1000 companies and small businesses to help them improve supply chain productivity and efficiency. Eclipse Advantage provides a comprehensive suite of labor services in more than 150 locations across the US and Canada, and focuses on a wide array of end markets. Eclipse Advantage was founded in 2003 and is based in Melbourne, Flordia.

Buy -