M&A Deal Summary |
|
|---|---|
| Date | 2021-08-03 |
| Target | Sparus |
| Sector | Energy Services and Equipment |
| Buyer(s) |
Ridgemont Equity Partners
PNC Erieview Capital |
| Sellers(s) |
Capitala Group
Source Capital NewSpring Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Harris Williams (Financial) Troutman Pepper Hamilton Sanders (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 | 122 of 133 |
| Sector (Energy Services and Equipment) | 5 of 6 |
| Type (Secondary Buyout) | 22 of 24 |
| State (Georgia) | 5 of 5 |
| Country (United States) | 108 of 118 |
| Year (2021) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-27 |
Worldwide Express
Dallas, Texas, United States Worldwide Express is a provider of third-party logistics services, including small parcel, LTL, FTL, and air freight shipping services to small and medium-sized businesses through a national presence of company-owned and franchise locations. Worldwide Express was established in 1995 and is based in Dallas, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-02 |
Teachers of Tomorrow
Houston, Texas, United States Teachers of Tomorrow provides accredited pre-certification training, research-based test preparation, and ongoing professional development. Teachers of Tomorrow was founded in 2005 and is based in Houston, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1979 |
| Size | Middle-Market |
| Type | Sector Agnostic |
PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 39 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 5 of 7 |
| State (Georgia) | 2 of 2 |
| Country (United States) | 25 of 39 |
| Year (2021) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-02 |
Bancsource
Springfield, Missouri, United States Bancsource is a nationwide maintenance service (equipment) provider to more than 1,500 banks and retailers. Key technology serviced includes ATMs, smart safes, teller cash dispensers, teller cash recyclers, drive-up banking, branch banking equipment, and other banking technology. Bancsource was founded in 1979 and is based in Springfield, Missouri. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-09 |
LTC Ally
Lakewood, New Jersey, United States LTC Ally is a provider of revenue cycle management (“RCM”), finance, accounts payable, insurance contracting and credentialing, and other office management services to hundreds of skilled nursing facilities (“SNFs”) and other healthcare providers nationwide. LTC Ally was founded in 2006 and is based in Lakewood, New Jersey. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 53 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 16 of 19 |
| State (Georgia) | 5 of 5 |
| Country (United States) | 46 of 52 |
| Year (2021) | 7 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-20 |
Rapid Fire Protection
Rapid City, South Dakota, United States Rapid Fire Protection is a full-service fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems across the Midwestern and Western U.S. Rapid Fire Protection is based in Rapid City, South Dakota. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-19 |
Corporate Visions
Reno, Nevada, United States Corporate Visions is a marketing and sales messaging, tools and training company that helps global B2B companies create more sales opportunities, win more deals and increase sales profitability by improving the conversations salespeople have with customers. Companies engage Corporate Visions in three areas: developing differentiated messages that concentrate on customer needs; deploying tools that support critical steps in the buying cycle; and delivering sales skills training that enables salespeople to capture more value. Corporate Visions was formed in 1984 and is based in Reno, Nevada. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 19 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 6 of 7 |
| State (Georgia) | 4 of 4 |
| Country (United States) | 15 of 19 |
| Year (2021) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-27 |
Big Blanket
Springfield, Missouri, United States Big Blanket offers directly to consumers over 40 styles, colors, patterns, and textures of its luxurious, cozy, premium 10’ x 10’ blanket. The Company’s blankets afford consumers and their entire families - the coverage they need to achieve comfort in a big way. Big Blanket products are original creations from its own in-house design team. The Company sells the vast majority of its products from its proprietary website but also provides certain offerings for sale on amazon. It intends to launch additional cozy-themed premium products in the near term to appeal to Big Blanket Co’s engaged and loyal customer base. Big Blanket was founded in 2018 and is based in Springfield, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-17 |
Nelbud
Indianapolis, Indiana, United States Nelbud is a provider of commercial kitchen fire prevention and related maintenance services, including exhaust and ventilation system cleaning and inspection. Nelbud was founded in 1981 and is based in Indianapolis, Indiana. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 73 of 86 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 18 of 20 |
| State (Georgia) | 2 of 2 |
| Country (United States) | 72 of 85 |
| Year (2021) | 8 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-08 |
Archer
Berwyn, Pennsylvania, United States Archer is a technology-enabled service provider for the asset management industry. It has deep and broad-based experience creating customized solutions that help asset managers swiftly launch new products, streamline operations, enter new distribution channels, and manufacturing investment solutions that meet the evolving needs of end investors. Archer was founded in 2000 and is based in Berwyn, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-20 |
Star Plastics
Ravenswood, West Virginia, United States Star Plastics is a producer of engineering grade plastic custom color compounds and a provider of tolling and polymer sourcing services. Star Plastics was founded in 1988 and is based in Ravenswood, West Virginia. |
Buy | - |
