M&A Deal Summary

Source Capital and Centerfield Capital Partners Acquire BlueAlly

On September 3, 2020, private equity firm Source Capital and mezzanine finance firm Centerfield Capital Partners acquired information technology company BlueAlly

Acquisition Highlights
  • This is Source Capital’s 2nd and Centerfield Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Source Capital’s 27th and Centerfield Capital Partners’ 66th transaction in the United States.
  • This is Source Capital’s 3rd and Centerfield Capital Partners’ 4th transaction in North Carolina.

M&A Deal Summary
Date 2020-09-03
Target BlueAlly
Sector Information Technology
Buyer(s) Source Capital
Centerfield Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

BlueAlly

Cary, North Carolina, United States
BlueAlly is a provider of IT services and solutions focused on serving customers’ infrastructure and security needs. BlueAlly was founded in 2011 and is based in Cary, North Carolina.

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Buyer(S) 2

Buyer

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

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 27 of 38
Sector (Information Technology) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 16 of 20
State (North Carolina) 3 of 3
Country (United States) 27 of 38
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Eastern Datacomm

Hackensack, New Jersey, United States

Eastern Datacomm is a provider of integrated communication and security systems with a key focus on the K-12 education sector. EDI serves as strategic communication and technology partner for companies across multiple sectors. EDI’s signature offering is its patented Lockdown & Emergency Notification System (“LENS”), which integrates multiple communications technologies to provide an automated lockdown and emergency notification solution for schools. Eastern DataComm was founded in 1988 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Spinnaker SCA

Denver, Colorado, United States

Spinnaker SCA designs and builds agile supply chains for brands across Consumer Staples, high-tech, Industrial Manufacturing, Retail & Apparel, Medical Devices, and Distribution Industries. Spinnaker SCA was founded in 2002 and is based in Denver, Colorado.

Buy -
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 66 of 78
Sector (Information Technology) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 30 of 32
State (North Carolina) 4 of 5
Country (United States) 66 of 78
Year (2020) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Unix Packaging

Montebello, California, United States

Unix Packaging is a contract manufacturer of third-party branded, private label, and proprietary branded beverages. Unix produces Functional Beverages, Carbonated Soft Drinks, Dietary Supplements, Purified and Enhanced Waters, Alkaline Waters, Kombucha, and Teas. Unix Packaging is based in Montebello, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Synergy IOM

Dallas, Texas, United States

Synergy IOM provides Intraoperative Neurophysiological Monitoring (IONM) for spinal, cranial, and pain management surgical procedures in Texas. IONM monitors and tracks a patient’s nervous system, spinal cord, and brain during surgery to provide guidance to a surgeon and anesthesiologist and reduce risks to a patient. Synergy IOM is based in Dallas, Texas.

Buy -
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