M&A Deal Summary

RLJ Equity Partners and Brookside Capital Partners Acquire Naylor Association Solutions

On December 18, 2013, private equity firm RLJ Equity Partners and mezzanine finance firm Brookside Capital Partners acquired business services company Naylor Association Solutions from Clarity Partners

Acquisition Highlights
  • This is RLJ Equity Partners’ 2nd and Brookside Capital Partners’ 3rd transaction in the Business Services sector.
  • This is RLJ Equity Partners’ 6th and Brookside Capital Partners’ 11th transaction in the United States.
  • This is RLJ Equity Partners’ 2nd and Brookside Capital Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2013-12-18
Target Naylor Association Solutions
Sector Business Services
Buyer(s) RLJ Equity Partners
Brookside Capital Partners
Sellers(s) Clarity Partners
Deal Type Secondary Buyout

Target

Naylor Association Solutions

McLean, Virginia, United States
Naylor Association Solutions provides a comprehensive set of solutions, including communications strategy, print, and digital communications, full-service event management, advertising, sponsorships, and exhibit sales, career centers, online learning, association management, and member management software. Naylor Association Solutions was established in 1969 and is based in McLean, Virginia.

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Buyer(S) 2

Buyer

RLJ Equity Partners

Bethesda, Maryland, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RLJ Equity Partners LLC is a private equity firm focused on long term investments in North American middle-market companies. The Firm looks to invest $15 to $40 million per transaction in companies valued between $50 and $250 million. RLJ targets companies operating in the fields of aerospace/defense, auto/transportation, business services, consumer retail, media, and telecom. Types of transactions include corporate divestitures, buyouts, recapitalizations, growth equity, and add-on acquisitions. RLJ Equity Partners LLC was formed in 2006 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 8 of 18
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 5 of 9
State (Virginia) 2 of 3
Country (United States) 6 of 15
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 RLJ Thompson Trucking

Concord, Virginia, United States

R. Thompson Trucking, Inc. is a provider of industrial logistics solutions, serving both commercial and governmental customers in the Mid-Atlantic region. RLJ hauls a wide range of commodities, including aggregates, scrap metal and non-hazardous waste for customers in industries such as construction, industrial recycling, and waste collection and disposal. R. Thompson Trucking was established in 1948 and is based in Concord, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 J&J Africa

Beira, Mozambique

J&J Africa is a transporter and logistics provider specializing in reliable and efficient international transportation along the Beira Corridor. J&J also offers state of the art warehouse facilities for the handling of bulk and container cargo. J&J Africa was established in 1995 and is based in Beira, Mozambique.

Buy -
Buyer

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 11 of 65
Sector (Business Services) 3 of 7
Type (Secondary Buyout) 4 of 16
State (Virginia) 1 of 1
Country (United States) 11 of 65
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-15 Hubbardton Forge

Castleton, Vermont, United States

Hubbardton Forge is a designer and manufacturer of innovative, high quality lighting products. The company’s wrought-iron lighting products are sold for both residential and commercial applications. Hubbardton Forge was founded in 1974 and is based in Castleton, Vermont.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Dimex

Marietta, Ohio, United States

Dimex is a plastics extrusion business with a sophisticated raw material supply capability that involves reprocessing off-spec and scrap plastic material. Dimex was founded in 1991 and is based in Marietta, Ohio.

Sell -

Seller(S) 1

SELLER

Clarity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Clarity Partners is a specialist private equity firm focused on investments in the communications and media sectors. Specific areas of interest include wireless, wireline and broadband services and applications; communications infrastructure; traditional and emerging media; information technology and business services. Clarity will consider making investments at all stages of company development, including early and late stage venture investing, growth equity financings, leveraged buyouts, and divestitures. Clarity Partners was formed in 2000 and is based in Beverly Hills, California.

DEAL STATS #
Overall 11 of 14
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Virginia) 1 of 1
Country (United States) 10 of 13
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Vaca Energy

Beverly Hills, California, United States

Vaca Energy owns and operates several oil and gas production leases consisting of approximately 1,024 acres located in Oxnard, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Oclaro

San Jose, California, United States

Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical, enterprise and data center, and wireless access markets. Oclaro's solutions are at the heart of the fast optical networks and high-speed interconnects driving the next wave of streaming video, cloud computing, voice over IP and other bandwidth-intensive and high-speed applications.

Sell $1.8B
Mergr

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