Investment Summary

Plexus Capital and 424 Capital Invest In VaLogic

On September 19, 2023, private equity firm Plexus Capital and growth capital firm 424 Capital invested in life science company VaLogic

Investment Highlights
  • This is Plexus Capital’s 4th and 424 Capital’s 1st transaction in the Life Science sector.
  • This is Plexus Capital’s 136th and 424 Capital’s 19th transaction in the United States.
  • This is Plexus Capital’s 3rd and 424 Capital’s 2nd transaction in Maryland.

Investment Summary

Date 2023-09-19
Target VaLogic
Sector Life Science
Investor(s) Plexus Capital
424 Capital
Deal Type Growth Capital

Target

VaLogic

Frederick, Maryland, United States
VaLogic is a provider of GMP compliance and technology solutions for the life science industry. VaLogic was founded in 2001 and is based in Frederick, Maryland.

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Investor(S) 2

Investor

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 136 of 149
Sector: Life Science M&A 4 of 4
Type: Growth Capital M&A Deals 22 of 30
State: Maryland M&A 3 of 3
Country: United States M&A 136 of 149
Year: 2023 M&A 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 Southern Elevator

Greensboro, North Carolina, United States

Southern Elevator is a provider of elevator maintenance, modernization, installation, and repair services. The company’s portfolio covers a broad range of industries, from commercial buildings to educational buildings, industrial facilities, residential complexes, healthcare facilities, and beyond. Southern Elevator is based in Greensboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 National Boiler Service

Trenton, Georgia, United States

National Boiler Service provides maintenance, repair and installation services to recovery and power boilers across end markets such as pulp and paper, chemical, power generation and utility. NBS is supported by a national network of craftsmen laborers who deliver highly technical, specialty welding services to customers on-site at their facilities. National Boiler Service was founded in 1989 and is based in Trenton, Georgia.

Buy -
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 19 of 19
Sector: Life Science M&A 1 of 1
Type: Growth Capital M&A Deals 10 of 10
State: Maryland M&A 2 of 2
Country: United States M&A 19 of 19
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 PTP

Norwood, Massachusetts, United States

PTP is an amazon web services and advanced consulting partner with the life sciences and managed security services competencies, providing strategic guidance and IT managed services to biotechnology companies. PTP is based in Norwood, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Medicus IT

Alpharetta, Georgia, United States

Medicus IT is an IT healthcare-focused managed service provider. Medicus advise practices on how to establish secure, HIPAA compliant, and efficient IT solutions, while continually working alongside them to manage IT operations, further increasing efficiency and stability. Medicus IT was founded in 2004 and is based in Alpharetta, Georgia.

Sell -