Investment Summary

Renovus Capital, Five Points Capital and Brookside Capital Partners Invest In ToxStrategies

On January 6, 2023, private equity firm Renovus Capital, private equity firm Five Points Capital and mezzanine finance firm Brookside Capital Partners invested in business services company ToxStrategies

Investment Highlights
  • This is Renovus Capital’s 9th, Five Points Capital’s 12th and Brookside Capital Partners’ 8th transaction in the Business Services sector.
  • This is Renovus Capital’s 33rd, Five Points Capital’s 87th and Brookside Capital Partners’ 57th transaction in the United States.
  • This is Renovus Capital’s 1st, Five Points Capital’s 9th and Brookside Capital Partners’ 2nd transaction in North Carolina.

Investment Summary

Date 2023-01-06
Target ToxStrategies
Sector Business Services
Investor(s) Renovus Capital
Five Points Capital
Brookside Capital Partners
Deal Type Growth Capital

Target

ToxStrategies

Asheville, North Carolina, United States
ToxStrategies is a multidisciplinary scientific consulting firm specializing in toxicology, epidemiology, exposure sciences, industrial hygiene and safety, and regulatory compliance. ToxStrategies is based in Asheville, North Carolina.

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Investor(S) 3

Investor

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 34 of 41
Sector (Business Services) 9 of 11
Type (Growth Capital) 12 of 14
State (North Carolina) 1 of 1
Country (United States) 33 of 40
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 HBR Consulting - Advisory Business

Chicago, Illinois, United States

HBR Consulting's Advisory Business provides advisory services to law firm and law department based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 F2 Strategy

Chicago, Illinois, United States

F2 Strategy is a wealth management technology and marketing services firm helping complex RIA, wealth, bank/trust and family office firms improve their technical capabilities to build exceptional client and advisor experiences. F2 Strategy was founded in 2016 and is based in Chicago, Illinois.

Buy -
Investor

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 87 of 89
Sector (Business Services) 12 of 12
Type (Growth Capital) 16 of 18
State (North Carolina) 9 of 9
Country (United States) 87 of 89
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 ISG

Indianapolis, Indiana, United States

ISG provides services and parts to critical-to-process industrial rotating equipment for a diversified blue chip customer base comprised mainly of large industrial, power, paper, and energy companies. ISG was formed in 2018 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 JML Optical

Rochester, New York, United States

JML Optical is a precision-engineered custom optical solution provider that offers optical and optomechanical design, rapid prototype, glass and metal fabrication, thin-film coating, metrology, environmental testing, and full assembly for a one-stop solution. JML Optical was formed in 1972 and is based in Rochester, New York.

Sell -
Investor
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 57 of 63
Sector (Business Services) 8 of 8
Type (Growth Capital) 13 of 15
State (North Carolina) 2 of 2
Country (United States) 57 of 63
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Enhanced Resource Centers

Jacksonville, Florida, United States

Enhanced Resource Centers is a provider of customer experience management solutions with a focus on call center-based business process outsourcing solutions and accounts receivable management services to blue-chip clients in a variety of industries, including financial services, telecommunications, utilities, and student loan markets. Enhanced Resource Centers was founded in 1999 and is headquartered in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-13 iPROMOTEu

Wayland, Massachusetts, United States

iPROMOTEu is a service provider to distributor organizations in the promotional products industry. iPROMOTEu was founded in 1999 and is based in Wayland, Massachusetts.

Buy -