M&A Deal Summary

Ridgemont Equity Partners Acquires HemaSource

On July 20, 2017, private equity firm Ridgemont Equity Partners acquired distribution company HemaSource from Housatonic Partners, Marion Equity Partners, Peterson Partners and Graham Partners

Acquisition Highlights
  • This is Ridgemont Equity Partners’ 9th transaction in the Distribution sector.
  • This is Ridgemont Equity Partners’ 90th transaction in the United States.
  • This is Ridgemont Equity Partners’ 3rd transaction in Utah.

M&A Deal Summary

Date 2017-07-20
Target HemaSource
Sector Distribution
Buyer(s) Ridgemont Equity Partners
Sellers(s) Housatonic Partners
Marion Equity Partners
Peterson Partners
Graham Partners
Deal Type Secondary Buyout

Target

HemaSource

Salt Lake City, Utah, United States
HemaSource is a technology-enabled distributor of medical products to the plasma collection industry. HemaSource utilizes a proprietary cloud-based inventory management and business intelligence software solution to help its customers gain supply chain efficiencies and decrease their plasma collection costs. HemaSource was founded in 1998 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 104 of 133
Sector (Distribution) 9 of 12
Type (Secondary Buyout) 16 of 24
State (Utah) 3 of 3
Country (United States) 90 of 118
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Sell $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 EviCore Healthcare

Bluffton, South Carolina, United States

eviCore offers proven, diversified medical benefits management solutions that help clients reduce costs while increasing quality of care for their members. The company provides these solutions to managed care organizations and risk-bearing provider organizations serving commercial, Medicare, and Medicaid populations. Powered by a team of specialized medical professional resources, extensive evidence-based guidelines, and advanced technologies, eviCore supports clients by ensuring the right evidence-based care is delivered at the right time to the right patient at the right site of care. Flexible medical benefits management solutions are offered in: Radiology; Cardiology; Musculoskeletal; Medical Oncology; Radiation Therapy; Specialty Drug Management; Sleep; Lab Management; and Post-Acute Care. eviCore is proud to help 100 million members receive higher quality, lower cost healthcare.

Sell $3.6B

Seller(S) 4

SELLER

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 36 of 44
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 10 of 13
State (Utah) 3 of 3
Country (United States) 36 of 42
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 365 Data Centers

Norwalk, Connecticut, United States

365 Data Centers is a provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With Data Centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 22 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network. 365 Data Centers was founded in 2002 and is based in Norwalk, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 OASIS Group

Dublin, Ireland

OASIS Group is a largest and most diverse professional records and information management companies in Europe. OASIS provides secure offsite records storage and related services to businesses: hard copy paper storage, media storage, imaging, digital archiving, and destruction services. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. OASIS Group was established in 1999 and is based in Dublin, Ireland.

Sell -
SELLER

Marion Equity Partners

Boston, Massachusetts, United States

Category Private Equity Firm
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Marion Equity Partners LLC (MEP) is a private equity firm that acquires growing businesses across a wide range of industries and geographies. MEP looks to invest $500,000 to $2 million per transaction. The Firm targets companies in healthcare, medical products, outsourcing, business services, recycling and financial services. Marion Equity Partners LLC is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 5
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Utah) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Avadyne Health

Moline, Illinois, United States

Avadyne Health is a provider of revenue cycle management services to a wide range of healthcare providers across the nation. Avadyne Health was founded in 1971 and is based in Moline, Illinois.

Sell -
SELLER

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 22 of 33
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 8 of 12
State (Utah) 8 of 12
Country (United States) 22 of 30
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 My Hearing Centers

Salt Lake City, Utah, United States

My Hearing Centers is a provider of hearing education and hearing care services. My Hearing Centers was established in 2010 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 OASIS Group

Dublin, Ireland

OASIS Group is a largest and most diverse professional records and information management companies in Europe. OASIS provides secure offsite records storage and related services to businesses: hard copy paper storage, media storage, imaging, digital archiving, and destruction services. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. OASIS Group was established in 1999 and is based in Dublin, Ireland.

Sell -
SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 23 of 37
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 9 of 15
State (Utah) 1 of 1
Country (United States) 21 of 34
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Chelsea Building Products

Oakmont, Pennsylvania, United States

Chelsea Building Products, Inc. is a manufacturer of vinyl lineals and accessories for the window and door fabrication market, as well as specialty cellular PVC moldings and exterior wall cladding. Chelsea operates three business segments: window and door profiles, specialty building products, and PVC compounding.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 EasyPak

Leominster, Massachusetts, United States

EasyPak is a thermoformed packaging provider focused on serving attractive healthy and natural food categories. EasyPak was founded in 2004 and is based in Leominster, Massachusetts.

Buy -