M&A Deal Summary

St. Croix Hospice Acquires Hometown Hospice & Homecare

On August 15, 2019, St. Croix Hospice acquired healthcare services company Hometown Hospice & Homecare from JPB Partners and Tecum Capital

Acquisition Highlights
  • This is St. Croix Hospice’s 2nd transaction in the Healthcare Services sector.
  • This is St. Croix Hospice’s 2nd transaction in the United States.
  • This is St. Croix Hospice’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-08-15
Target Hometown Hospice & Homecare
Sector Healthcare Services
Buyer(s) St. Croix Hospice
Sellers(s) JPB Partners
Tecum Capital
Deal Type Add-on Acquisition

Target

Hometown Hospice & Homecare

Brookfield, Wisconsin, United States
Hometown Hospice & Homecare, Inc. provides both hospice and homecare services in the greater Milwaukee, Wisconsin area. The Company is certified by both Medicare and Medicaid. Hometown provides routine hospice services in homes, assisted living facilities, and skilled nursing facilities. In addition to routine services, the Company offers a Life Enhancement Program that utilizes a holistic approach to patient care by incorporating lifelong interests into the hospice plan of care. From a home care perspective, Hometown provides skilled nursing, physical therapy, occupational therapy, speech therapy, and home health aides all tailored to meet the specifics of each patient’s plan of care as prescribed by their doctor. Hometown was formed in 2013 and is headquartered in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

St. Croix Hospice

Oakdale, Minnesota, United States
Category Company
Founded 2008
Sector Healthcare Services
DESCRIPTION
St. Croix Hospice's corporate headquarters in St. Paul, Minnesota.
St. Croix Hospice's corporate headquarters in St. Paul, Minnesota.

St. Croix Hospice is a provider of hospice services. The Company delivers both hospice and a broader network of concurrent comfort and support services that are tailored to patients' and their family's individual needs and circumstances. St. Croix Hospice was founded in 2008 and based in Oakdale, Minnesota.

DEAL STATS #
Overall 2 of 8
Sector (Healthcare Services) 2 of 8
Type (Add-on Acquisition) 2 of 7
State (Wisconsin) 1 of 1
Country (United States) 2 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Saint Jude Hospice

Clive, Iowa, United States

Saint Jude Hospice LLC is a provider of healthcare services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Hospice Care of America

Rockford, Illinois, United States

Hospice Care of America provides exceptional hospice care to patients and their families, based in Rockford, Illinois.

Buy -

Seller(S) 2

SELLER

JPB Partners

Columbia, Maryland, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

JPB Capital Partners LLC is the private equity affiliate of merchant bank JPB Enterprises. JPB Capital looks to invest in lower middle-market businesses located in the Mid-Atlantic and Southeast regions of the US. Target businesses typically have revenues of $10 to $100 million and EBITDA greater than $2 million. Sectors of interest include distribution, business services, food/beverage, manufacturing, and specialty contracting. The Firm prefers control positions. The firm invests in the range of $3 to $10 million per transaction. JPB Capital Partners is located in Columbia, Maryland.

DEAL STATS #
Overall 22 of 23
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Wisconsin) 1 of 1
Country (United States) 22 of 23
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Mulligan s Beach House Bar & Grill

Jensen Beach, Florida, United States

Mulligan's Beach House Bar & Grill is an operator of full-service restaurants serving flavorful menu items. Mulligan's restaurants are fun and family-oriented, open 365 days a year to serve breakfast, lunch & dinner; and feature waterfront vistas. Mulligan's Beach House Bar & Grill was founded in 1997 and is based in Jensen Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Helpful Hardware

Cumming, Georgia, United States

Helpful Hardware owns and operates eight (8) neighborhood Ace Hardware stores in Georgia, South Carolina and Tennessee. The Helpful Hardware Company is an essential part of its local communities and is known as the place with the helpful hardware folks. Helpful Hardware was founded in 2014 and is based in Cumming, Georgia.

Buy -
SELLER

Tecum Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.

DEAL STATS #
Overall 11 of 24
Sector (Healthcare Services) 3 of 4
Type (Add-on Acquisition) 3 of 9
State (Wisconsin) 1 of 1
Country (United States) 11 of 24
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Adherex Group

Cleveland, Ohio, United States

Adherex Group is a distributor of industrial packaging materials including acrylic tapes, hot melt adhesives, converted stretch films, strapping tapes, and other related products. Adherex Group was founded in 1992 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Helpful Hardware

Cumming, Georgia, United States

Helpful Hardware owns and operates eight (8) neighborhood Ace Hardware stores in Georgia, South Carolina and Tennessee. The Helpful Hardware Company is an essential part of its local communities and is known as the place with the helpful hardware folks. Helpful Hardware was founded in 2014 and is based in Cumming, Georgia.

Buy -
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