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  6. Shore Capital Partners Invests In HowardSimon

Investment Summary

Shore Capital Partners Invests In HowardSimon

On January 19, 2022, private equity firm Shore Capital Partners invested in business services company HowardSimon

Investment Highlights
  • This is Shore Capital Partners’ 5th transaction in the Business Services sector.
  • This is Shore Capital Partners’ 41st transaction in the United States.
  • This is Shore Capital Partners’ 9th transaction in Illinois.

Investment Summary
Date 2022-01-19
Target HowardSimon
Sector Business Services
Investor(s) Shore Capital Partners
Deal Type Stake Purchase

Target

HowardSimon

Riverwoods, Illinois, United States
HowardSimon is a retirement third-party administrator (“TPA”) and payroll services provider based in the Greater Chicagoland area. HowardSimon’s core offerings include 401(k) plan administration, record keeping, 3(16) fiduciary services, payroll services and human capital management services for primarily small- and medium-sized businesses. HowardSimon was founded in 1981 and is based in Riverwoods, Illinois.

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Investor(S) 1

Investor

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $100 million in sales and $1 to $10 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 41 of 64
Sector (Business Services) 5 of 9
Type (Stake Purchase) 7 of 10
State (Illinois) 9 of 16
Country (United States) 41 of 63
Year (2022) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 BevSource

St. Paul, Minnesota, United States

BevSource is a provider of beverage development and operations solutions to beverage visionaries. As beverage industry navigators, BevSource collaborates with clients to build a custom operational strategy for their beverage, identifies a unique mix of services and vendors to support it, then executes on that plan. BevSource was founded in 2002 and is based in St. Paul, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 OMS360

Cumming, Georgia, United States

OMS360 is an oral surgeon support organization that partners with quality practices to deliver expertise in business development, finance, marketing, recruiting, benefits and other practice administration while enhancing oral surgeons’ ability to provide the highest quality of patient care. OMS360 is based in Cumming, Georgia.

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Mergr

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