M&A Deal Summary

Quad-C Management Acquires Astrix Technology Group

On January 4, 2021, private equity firm Quad-C Management acquired business services company Astrix Technology Group

Acquisition Highlights
  • This is Quad-C Management’s 4th transaction in the Business Services sector.
  • This is Quad-C Management’s 46th transaction in the United States.
  • This is Quad-C Management’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2021-01-04
Target Astrix Technology Group
Sector Business Services
Buyer(s) Quad-C Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Astrix Technology Group

Red Bank, New Jersey, United States
Astrix Technology Group is an informatics consulting, professional services, and outsourced staffing company dedicated to serving the scientific community. Astrix has expertise in laboratory informatics strategic planning, vendor selection, development, implementation, integration, managed services, and scientific staffing, serving a wide range of clients including federal, state, and local government and industry-leading private sector firms in the chemical, biotech, medical device, pharmaceutical, and food/beverage sectors. Astrix’s experienced team of experts combine deep scientific insight with the understanding of how technology and people impact the scientific industries to provide solutions to its clients. Astrix Technology Group was founded in 1995 and is based in Red Bank, New Jersey.

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Buyer(S) 1

Buyer

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.

DEAL STATS #
Overall 50 of 62
Sector (Business Services) 4 of 9
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (New Jersey) 3 of 3
Country (United States) 46 of 58
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Inmark

Austell, Georgia, United States

Inmark is a general, life sciences, and hazardous goods/biomedical compliant packaging products and associated services company. Inmark was founded in 1975 and is based in Austell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 SEI Building Solutions

Doraville, Georgia, United States

SEI Building Solutions installs insulation and specialty building products in the single-family and multi-family residential and light commercial markets. SEI Building Solutions was founded in 2008 and is based in Doraville, Georgia.

Buy -
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