M&A Deal Summary |
|
|---|---|
| Date | 2021-10-19 |
| Target | Agape Care Group |
| Sector | Healthcare Services |
| Buyer(s) |
Ridgemont Equity Partners
Antares Capital Audax Private Debt |
| Sellers(s) | Hospice Care Of South Carolina |
| Deal Type | Divestiture |
| Advisor(s) | Harris Williams & Co. (Financial) Winston & Strawn (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 125 of 133 |
| Sector (Healthcare Services) | 15 of 16 |
| Type (Divestiture) | 5 of 5 |
| State (South Carolina) | 5 of 5 |
| Country (United States) | 111 of 118 |
| Year (2021) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-05 |
Northstar Recycling
East Longmeadow, Massachusetts, United States Northstar Recycling is an asset-light provider of sustainability-oriented managed waste and recycling solutions to food, consumer packaged goods, and other industrial clients. Northstar Recycling helps its customers recycle more and landfill less by diverting organic and other waste streams from landfills into a variety of beneficial reuse applications with the support of its robust network of recycling outlet partners. Northstar Recycling was founded in 1896 and is based in East Longmeadow, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-17 |
eShipping
Parkville, Missouri, United States eShipping is a tech-enabled, non-asset-based provider of managed transportation services to mid-sized shippers. The Company provides distribution chain management solutions that encompass both people and services for all modes, with full optimization, and complete visibility into your data. eShipping was founded in 2004 and is based in Parkville, Missouri. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 55 |
| Sector (Healthcare Services) | 3 of 3 |
| Type (Divestiture) | 3 of 3 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 51 of 54 |
| Year (2021) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-04 |
Stanton Carpet
Syosset, New York, United States Stanton Carpet is a designer and distributor of decorative, high-quality branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton Carpet was founded in 1980 and is based in Syosset, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-23 |
Race Winning Brands
Mentor, Ohio, United States Race Winning Brands is a designer, manufacturer, and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiast and racing consumers. RWB consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments. According to industry research, the enthusiast powersport segment has seen annualized growth of 10-15 percent over the last 18 months with forecasted growth of six to eight percent over the next 12 months. Racing Winning Brands is based in Mentor, Ohio. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 67 |
| Sector (Healthcare Services) | 4 of 4 |
| Type (Divestiture) | 3 of 3 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 55 of 65 |
| Year (2021) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-11 |
Ornua Ingredients North America
Whitehall, Wisconsin, United States Ornua Ingredients North America is a manufacturer of custom analog and processed cheese ingredients and products for industrial, food service, and retail markets. Ornua Ingredients North America was founded in 1994 and is based in Whitehall, Wisconsin. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-01 |
Backstage
Brooklyn, New York, United States Backstage is an operator of a professional platform that connects actors, singers, dancers, comedians, voiceover artists, variety performers, and crew members with gigs and works with casting directors and content creators to help them find top industry talent. Backstage was founded in 1960 and is based in Brooklyn, New York. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Healthcare Services |
Hospice Care Of South Carolina LLC is a hospice care provider. Hospice Care Of South Carolina is based in Gaffney, South Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-28 |
Agape Care Group
Spartanburg, South Carolina, United States Agape Care Group is a hospice, palliative, and pediatric comfort care provider expanding across the Southeast region. Agape Care Group was founded in 1997 and is based in Spartanburg, South Carolina. |
Buy | - |
