M&A Deal Summary

Reverence Capital Partners Acquires CRS Temporary Housing

On December 1, 2021, private equity firm Reverence Capital Partners acquired business services company CRS Temporary Housing from GenNx360 Capital Partners

Acquisition Highlights
  • This is Reverence Capital Partners’ 1st transaction in the Business Services sector.
  • This is Reverence Capital Partners’ 10th transaction in the United States.
  • This is Reverence Capital Partners’ 3rd transaction in Arizona.

M&A Deal Summary
Date 2021-12-01
Target CRS Temporary Housing
Sector Business Services
Buyer(s) Reverence Capital Partners
Sellers(s) GenNx360 Capital Partners
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
Morrison Cohen (Legal)

Target

CRS Temporary Housing

Phoenix, Arizona, United States
CRS Temporary Housing is a tech-enabled outsourced services platform providing end-to-end temporary housing solutions for policyholders on behalf of insurance carriers. The Company assists policyholders in times of crisis, ensuring they have adequate shelter immediately after being displaced from their residence. CRS sources a wide variety of hotel and housing accommodations as well as furniture and housewares to meet the unique needs of each policyholder. CRS Temporary Housing was established in 1989 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Reverence Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 10 of 13
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 3 of 4
State (Arizona) 3 of 3
Country (United States) 10 of 13
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 Ministry Brands

Lenoir City, Tennessee, United States

Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was founded in 2012 and is based in Lenoir City, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 Signature Estate & Investment Advisors

Los Angeles, California, United States

Signature Estate & Investment Advisors is a Registered Investment Advisory Firm and wealth management platform that offers Investment Management and Financial Planning Services tailored to meet the unique needs of affluent investors and corporations. SEIA's mission is to provide clients with a partnership that complements and exceeds their long-term goals and objectives. Signature Estate & Investment Advisors is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 11 of 16
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Arizona) 1 of 1
Country (United States) 9 of 14
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Whitsons Culinary Group

Islandia, New York, United States

Whitsons Culinary Group is a provider of dining services to consumers and public and private organizations throughout the Northeast. Whitsons services include school nutrition, residential and healthcare dining, prepared meals, and emergency dining. Whitsons Culinary Group is based in Islandia, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Nutra-Med

Whippany, New Jersey, United States

Nutra-Med is a contract packaging company focused on packaging for the Pharmaceutical, Health & Wellness and Medical Devices markets. Nutra-Med's primary product capabilities include bottling, blistering and secondary packaging (i.e., cartoning, shrink sleeving, heat seal carding, kitting, retail pallet pack-out) for pharmaceuticals and dietary supplement products. Nutra-Med was founded in 1999 and is based in Whippany, New Jersey

Buy -
Mergr

Product

Company

Legal