M&A Deal Summary

Salem Investment Partners Acquires Honor Medical Staffing

On October 1, 2015, mezzanine finance firm Salem Investment Partners acquired staffing company Honor Medical Staffing

Acquisition Highlights
  • This is Salem Investment Partners’ 2nd transaction in the Staffing sector.
  • This is Salem Investment Partners’ 30th transaction in the United States.
  • This is Salem Investment Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2015-10-01
Target Honor Medical Staffing
Sector Staffing
Buyer(s) Salem Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Honor Medical Staffing

Southfield, Michigan, United States
Honor Medical Staffing is a provider of staffing solutions to medical groups, solo practices, hospitals, and healthcare systems across the nation. Honor Medical Staffing was established in 1983 and is based in Southfield, Michigan.

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Buyer(S) 1

DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 30 of 58
Sector: Staffing M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 41
State: Michigan M&A 1 of 4
Country: United States M&A 30 of 58
Year: 2015 M&A 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Industrial Services Group

Sumter, South Carolina, United States

Industrial Services Group provides high performance protective lining and coating solutions for the power generation, chemical and petro chemical industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 CaddieMaster

Ponte Vedra Beach, Florida, United States

CaddieMaster is a provider of caddie management services worldwide and currently manages over 2,000 caddies with 100+ managers. CADDIEMASTER provides its caddie management services to many of the most prestigious private clubs and resorts in the United States and abroad. CaddieMaster was established in 1993 and is based in Ponte Vedra Beach, Florida.

Sell -