M&A Deal Summary

Press Ganey Acquires Avatar International

On May 3, 2016, Press Ganey acquired business services company Avatar International from The Riverside Company

Acquisition Highlights
  • This is Press Ganey’s 2nd transaction in the Business Services sector.
  • This is Press Ganey’s 6th transaction in the United States.
  • This is Press Ganey’s 1st transaction in Florida.

M&A Deal Summary

Date 2016-05-03
Target Avatar International
Sector Business Services
Buyer(s) Press Ganey
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Avatar International

Lake Mary, Florida, United States
Avatar International LLC is a patient experience and employee engagement company. Avatar Solutions’ survey research programs helped organizations advance their missions by capturing and mobilizing the feedback of key stakeholders.

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Buyer(S) 1

Buyer

Press Ganey

Wakefield, Massachusetts, United States

Category Company
Founded 1985
Sector Information Services
Revenue 318M USD (2015)
DESCRIPTION

Press Ganey is a provider of healthcare performance solutions for hospitals, healthcare and home care providers. Press Ganey utilizes patient and employee surveys to collect vast amounts of proprietary data on behalf of clients to power its industry-leading benchmarking and analytics tools and advisory services. Press Ganey was founded in 1985 and is based in Wakefield, Massachusetts.


DEAL STATS #
Overall 6 of 16
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 6 of 15
State (Florida) 1 of 2
Country (United States) 6 of 15
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Healthcare Performance Improvement

Virginia Beach, Virginia, United States

Healthcare Performance Improvement LLC is a patient safety and reliability consulting and coaching firm.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Soyring Consulting

St. Petersburg, Florida, United States

Soyring Consulting is an operations and management consulting firm focused on performance and process improvement. Soyring Consulting was established in 2003 and is headquartered in St. Petersburg, Florida.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 110 of 191
Sector (Business Services) 13 of 17
Type (Add-on Acquisition) 46 of 82
State (Florida) 6 of 10
Country (United States) 79 of 133
Year (2016) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Momentum Group

Irvine, California, United States

Momentum Group distributes fabric to commercial furniture manufacturers as well as architectural and design firms that serve the office, hospitality, education and healthcare markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Water-Jel Technologies

Carlstadt, New Jersey, United States

Water-Jel Technologies LLC is a provider of emergency burn care products to the industrial, military, and consumer markets. In addition to burn care products, Water-Jel offers a portfolio of branded and private label products targeted principally for the industrial first-aid cabinet.

Sell -