M&A Deal Summary

TA Associates and Leonard Green & Partners Acquire OMNIA Partners

On August 16, 2017, private equity firms TA Associates and Leonard Green & Partners acquired business services company OMNIA Partners from Provista

Acquisition Highlights
  • This is TA Associates’ 11th and Leonard Green & Partners’ 4th transaction in the Business Services sector.
  • This is TA Associates’ 211th and Leonard Green & Partners’ 64th transaction in the United States.
  • This is TA Associates’ 4th and Leonard Green & Partners’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-08-16
Target OMNIA Partners
Sector Business Services
Buyer(s) TA Associates
Leonard Green & Partners
Sellers(s) Provista
Deal Type Divestiture

Target

OMNIA Partners

Franklin, Tennessee, United States
OMNIA Partners is an organization in procurement and supply chain management. Serving both the private and public sectors, OMNIA Partners unites industry-leading buying power and world-class suppliers to offer an extensive portfolio of sourcing solutions and partnerships. Through economies of scale, the company is able to deliver more contracts, in more verticals, with transparent, value-driven pricing. OMNIA Partners was founded in 2001 and is based in Franklin, Tennessee.

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Buyer(S) 2

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 271 of 374
Sector: Business Services M&A 11 of 13
Type: Divestiture M&A Deals 8 of 9
State: Tennessee M&A 4 of 4
Country: United States M&A 211 of 270
Year: 2017 M&A 20 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-04 Byggfakta Group

Ljusdal, Sweden

Byggfakta Group is a provider of business intelligence and data analytics services essential in the generation of sales leads within the construction, real estate and healthcare markets across the Nordic region. Byggfakta Group was established in 1936 and is based in Ljusdal, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 RGM Advisors

Austin, Texas, United States

RGM Advisors is an automated trading firm that applies scientific methods and computing power to trade in multiple asset classes around the world using high-frequency automated strategies.

Sell -
Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 67 of 107
Sector: Business Services M&A 4 of 9
Type: Divestiture M&A Deals 4 of 5
State: Tennessee M&A 1 of 2
Country: United States M&A 64 of 99
Year: 2017 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 TAG

Chicago, Illinois, United States

TAG is a multi-vertical retail healthcare support organization. TAG offers a full range of essential business support services to consumer healthcare brands under the Aspen Dental, Chapter Aesthetic Studio, ClearChoice Dental Implant Centers and WellNow Urgent Care trade names. TAG was founded in 1981 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 USIC

Indianapolis, Indiana, United States

USIC is a provider of regulatory-driven safety and utility inspection services to a national customer base across the infrastructure end-markets. USIC was founded in 1978 and is based in Indianapolis, Indiana.

Sell -

Seller(S) 1

SELLER

Provista

Irving, Texas, United States

Category Company
Founded 1994
Sector Business Services
DESCRIPTION

Provista LLC is a supply chain improvement company dedicated to strengthening financial and operational performance for its 70000 sites in the health care education hospitality and corporate markets nationwide.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 OMNIA Partners

Franklin, Tennessee, United States

OMNIA Partners is an organization in procurement and supply chain management. Serving both the private and public sectors, OMNIA Partners unites industry-leading buying power and world-class suppliers to offer an extensive portfolio of sourcing solutions and partnerships. Through economies of scale, the company is able to deliver more contracts, in more verticals, with transparent, value-driven pricing. OMNIA Partners was founded in 2001 and is based in Franklin, Tennessee.

Buy -