M&A Deal Summary

Plexus Capital and Compass Group Equity Partners Acquire The Allied Group

On April 1, 2019, private equity firms Plexus Capital and Compass Group Equity Partners acquired business services company The Allied Group

Acquisition Highlights
  • This is Plexus Capital’s 11th and Compass Group Equity Partners’ 1st transaction in the Business Services sector.
  • This is Plexus Capital’s 79th and Compass Group Equity Partners’ 8th transaction in the United States.
  • This is Plexus Capital’s 3rd and Compass Group Equity Partners’ 1st transaction in Rhode Island.
Investment Fate
  • The Allied Group was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2019-04-01
Target The Allied Group
Sector Business Services
Buyer(s) Plexus Capital
Compass Group Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

The Allied Group

Cranston, Rhode Island, United States
The Allied Group is a vertically-integrated provider of document management and life science kitting services. The Allied Group was founded in 1946 and is based in Cranston, Rhode Island.

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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 79 of 149
Sector: Business Services M&A 11 of 24
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 70
State: Rhode Island M&A 3 of 3
Country: United States M&A 79 of 149
Year: 2019 M&A 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Western Industries Plastic Products

Winfield, Kansas, United States

Western Industries Plastic Products is a designer and manufacturer of large blow-molded finished products and components used by OEMs in the industrial, furniture, sports and leisure, transportation, and lawn and garden sectors. Western Industries Plastic Products was founded in 1987 and is based in Watertown, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Alloy Cladding

Jupiter, Florida, United States

Alloy Cladding is a turnkey industry contractor, offering a variety of specialties including submerged arc stainless steel digester overlay, carbon steel buildup, portable field service machining, process piping system installations, digester component replacement, and pressure vessel alterations and re-ratings. Alloy Cladding was founded in 1956 and is based in Jupiter, Florida.

Buy -
DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 8 of 18
Sector: Business Services M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 10
State: Rhode Island M&A 1 of 2
Country: United States M&A 8 of 18
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Logic PD

Eden Prairie, Minnesota, United States

Logic PD, Inc. designs and develops embedded and connected devices serving the aerospace, defense, control and automation, Internet of Things (IoT), and medical/life sciences markets. Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic PD was founded in 1960 and is based in Eden Prairie, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Tipton Mills Foods

Columbus, Indiana, United States

Tipton Mills Foods LLC provides formulation, agglomeration, powder blending, and packaging to the function food and beverage market for national brands and store-brand equivalents. Tipton Mills Foods is based in Columbus, Indiana.

Sell -