M&A Deal Summary

Skillman Management & Capital Acquires IAB Solutions

On February 13, 2013, Skillman Management & Capital acquired financial services company IAB Solutions from Greyrock Capital Group and Evergreen Industries

Acquisition Highlights
  • This is Skillman Management & Capital’s 1st transaction in the Financial Services sector.
  • This is Skillman Management & Capital’s 1st transaction in the United States.
  • This is Skillman Management & Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2013-02-13
Target IAB Solutions
Sector Financial Services
Buyer(s) Skillman Management & Capital
Sellers(s) Greyrock Capital Group
Evergreen Industries
Deal Type Add-on Acquisition

Target

IAB Solutions

Clarks Summit, Pennsylvania, United States
IAB Solutions is a nationwide full-service provider of outsourced accounts receivable management services and focuses on the resolution, recovery and management of deductions, accounts receivable disputes, and invoice collections. Headquartered in Clarks Summit, PA, the Company develops long-term mutually beneficial client partnerships by delivering accurate, actionable information for deduction prevention and process improvement.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Skillman Management & Capital

Skillman, New Jersey, United States

Category Company
Sector Financial Services
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 2

SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


DEAL STATS #
Overall 14 of 46
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 25
State: Pennsylvania M&A 1 of 2
Country: United States M&A 14 of 46
Year: 2013 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-27 Syrgis Performance Initiators

Helena, Arkansas, United States

Syrgis Performance Initiators, Inc. is a manufacturer of an organic peroxides for building materials, composites, cosmetic, mining, oil and gas, paints and coatings

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 UAS Laboratories

Wausau, Wisconsin, United States

UAS Laboratories is a research, development company that manufactures probiotic nutritional supplements. UAS Laboratories was founded in 1979 and is based in Wausau, Wisconsin.

Buy -
SELLER

Evergreen Industries

Wayne, Pennsylvania, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Evergreen Industries LLC is a private investment firm focused on 'high performing' businesses invests in the Mid-Atlantic US. Evergreen targets on companies with strong and defensible business models, diversified customers, differentiated products/services, as well as management continuity. The Firm seeks companies with $10 to $50 million in revenues and $2 to $6 million of stable cash-flows. Areas of interest include specialty manufacturing, healthcare devices/services, industrial technology, logistics/value-added distribution, and business/outsourcing services. Prospective transaction types include corporate divestitures, recapitalizations, MBOs and family businesses in transition. Evergreen Industries LLC was formed in 2005 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 IAB Solutions

Clarks Summit, Pennsylvania, United States

IAB Solutions is a nationwide full-service provider of outsourced accounts receivable management services and focuses on the resolution, recovery and management of deductions, accounts receivable disputes, and invoice collections. Headquartered in Clarks Summit, PA, the Company develops long-term mutually beneficial client partnerships by delivering accurate, actionable information for deduction prevention and process improvement.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Altus Commercial Receivables

Metairie, Louisiana, United States

Altus Commercial Receivables provides commercial debt recovery services to customers in the United States and abroad. The Company is a commercial receivable management agency offering receivable management outsourcing, domestic and international commercial collections, audit collection, and business receivable management training. Altus Commercial Receivables was established in 1994 and is based in Metairie, Louisiana.

Buy -