M&A Deal Summary

Revelstoke Capital Partners and Constitution Capital Partners Acquire Monte Nido

On August 29, 2022, private equity firms Revelstoke Capital Partners and Constitution Capital Partners acquired healthcare services company Monte Nido from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Revelstoke Capital Partners’ 14th and Constitution Capital Partners’ 4th transaction in the Healthcare Services sector.
  • This is Revelstoke Capital Partners’ 20th and Constitution Capital Partners’ 80th transaction in the United States.
  • This is Revelstoke Capital Partners’ 4th and Constitution Capital Partners’ 6th transaction in Florida.

M&A Deal Summary

Date 2022-08-29
Target Monte Nido
Sector Healthcare Services
Buyer(s) Revelstoke Capital Partners
Constitution Capital Partners
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

Monte Nido

Miami, Florida, United States
Monte Nido is a provider of treatment for eating disorders and exercise addiction to adults and adolescents. Monte Nido Holdings was founded in 1996 and is based in Miami, Florida.

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Buyer(S) 2

Buyer
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 20 of 24
Sector: Healthcare Services M&A 14 of 16
Type: Secondary Buyout M&A Deals 7 of 9
State: Florida M&A 4 of 4
Country: United States M&A 20 of 24
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Vet’s Best Friend

Waltham, Massachusetts, United States

Vet’s Best Friend owns and operates a portfolio of general practice veterinary clinics across seven states in the Northeast. Vet’s Best Friend was founded in 2019 and is based in Waltham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 MediQuant

Independence, Ohio, United States

MediQuant is a provider of archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk, is a solution that assists hospitals in retiring legacy clinical and administrative software platforms and maintaining access to relevant data via a cloud-based software platform. Active archiving grants users necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant was established in 1999 and is based in Independence, Ohio.

Buy -
Buyer
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 86 of 89
Sector: Healthcare Services M&A 4 of 5
Type: Secondary Buyout M&A Deals 38 of 40
State: Florida M&A 6 of 6
Country: United States M&A 80 of 83
Year: 2022 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Canada Cartage

Mississauga, Ontario, Canada

Canada Cartage is a provider of customer-located, dedicated trucking services and warehouse solutions to specific customers and reside at their locations. Canada Cartage was founded in 1914 and is based in Mississauga, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 WillowTree

Charlottesville, Virginia, United States

WillowTree is a provider of digital strategy, user experience design, and app development services for a wide range of Fortune 500 companies. WillowTree is a mobile strategy, UX design, and app development services company whose focus is to bridge the highest level of consumer user experience with enterprise-grade deployments and security. WillowTree was founded in 2007 and is based in Charlottesville, Virginia.

Sell $1.2B

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 52 of 59
Sector: Healthcare Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 27 of 32
State: Florida M&A 4 of 4
Country: United States M&A 48 of 52
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 TSS

Berkeley, California, United States

TSS provides unparalleled service to biotechnology, pharmaceutical, clinical, and academic research facilities as the largest provider of controlled environment equipment services in North America. TSS was founded in 1970 and is based in Berkeley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Agdata

Charlotte, North Carolina, United States

Agdata is a provider of strategic data and analytical solutions to the world’s largest agricultural, crop protection, and animal health manufacturers. Agdata's solutions allow the input manufacturers and trait providers to analyze complex sales data and trends and develop and maintain marketing and seed rebate programs. Agdata was founded in 1985 and is based in Charlotte, North Carolina.

Buy -