M&A Deal Summary

Stewart Information Services Acquires United States Appraisals

On June 4, 2020, Stewart Information Services acquired business services company United States Appraisals from Petra Capital Partners and Baymark Partners

Acquisition Highlights
  • This is Stewart Information Services’ 3rd transaction in the Business Services sector.
  • This is Stewart Information Services’ 4th transaction in the United States.
  • This is Stewart Information Services’ 1st transaction in Kansas.

M&A Deal Summary

Date 2020-06-04
Target United States Appraisals
Sector Business Services
Buyer(s) Stewart Information Services
Sellers(s) Petra Capital Partners
Baymark Partners
Deal Type Add-on Acquisition

Target

United States Appraisals

Overland Park, Kansas, United States
United States Appraisals provides a comprehensive suite of residential valuation products to mortgage lenders. The company provides its clients with an appraisal solution that delivers 100% compliance, superior customer service, unprecedented quality, and industry-leading turn times. United States Appraisals was formed in 2008 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Stewart Information Services

Houston, Texas, United States

Category Company
Founded 1893
Sector Information Services
Employees6,900
Revenue 2.0B USD (2017)
DESCRIPTION
Entrance to Stewart Information's corporate headquarters in Houston, Texas.
Entrance to Stewart Information's corporate headquarters in Houston, Texas.

Stewart Information Services Corp. is an insurance and real estate services company. Stewart offers products and services through its direct operations, a network of approved agencies and other companies within the Stewart family of companies. Stewart Information Services was formed in 1893 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 18
Sector (Business Services) 3 of 10
Type (Add-on Acquisition) 4 of 18
State (Kansas) 1 of 1
Country (United States) 4 of 18
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 Title West

Salt Lake City, Utah, United States

Title West Title Co. is a title agency serving the greater Salt Lake and Utah County areas. Title West is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Pro-Teck Services

Waltham, Massachusetts, United States

Pro-Teck Services Ltd. provides customers with accurate and timely real estate information through a transparent process, exceeding industry standards in a complex regulatory environment. Pro-Teck Services was founded in 1977 and is based in Waltham, Massachusetts.

Buy -

Seller(S) 2

SELLER

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 21 of 30
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 12 of 17
State (Kansas) 1 of 1
Country (United States) 21 of 30
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Doctors of Physical Therapy

Naperville, Illinois, United States

Doctors of Physical Therapy is a provider of physical therapy services. DPT delivers physical therapy via doctorate-level therapists at clinics in markets throughout the upper Midwest, as well as at on-site clinics for large employers. Doctors of Physical Therapy is based in Naperville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-24 Lineagen

Salt Lake City, Utah, United States

Lineagen, Inc. is a molecular diagnostics company that focuses on disorders of childhood development. Lineagen helps physicians personalize medical management for individuals with developmental delay and autism spectrum disorder by providing cutting-edge genetic testing services. Lineagen was established in 2006 and is based in Salt Lake City, Utah.

Sell -
SELLER

Baymark Partners

Plano, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Baymark Partners is a private equity group focused on acquiring smaller growth companies that can expand into mid-sized businesses. Baymark generally looks for companies that are breakeven or have up to $20 million in EBITDA. Sectors of interest include business services, IT outsourcing and medical/healthcare services. Baymark prefers opportunities in Texas and neighboring states. Baymark Partners is based in Dallas.


DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Coastal Screen & Rail

WEST PALM Beach, Florida, United States

Coastal Screen & Rail manufactures and installs a broad range of products for outdoor spaces, including pool screen enclosures, aluminum picket fences, and patio screens. Coastal Screen & Rail was founded in 1977 and is based in WEST PALM Beach, Florida.

Buy -
FOLLOWING 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 -