M&A Deal Summary

Tempo Title Acquires MBH Settlement Group

On April 21, 2021, Tempo Title acquired business services company MBH Settlement Group from Farragut Capital Partners and Northstar Capital

Acquisition Highlights
  • This is Tempo Title’s 1st transaction in the Business Services sector.
  • This is Tempo Title’s 1st transaction in the United States.
  • This is Tempo Title’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-04-21
Target MBH Settlement Group
Sector Business Services
Buyer(s) Tempo Title
Sellers(s) Farragut Capital Partners
Northstar Capital
Deal Type Add-on Acquisition

Target

MBH Settlement Group

Chantilly, Virginia, United States
MBH Settlement Group is a provider of residential real estate Title and Settlement Services, Mortgage Lending, and the practice of law in Virginia, Maryland, and the District of Columbia. MBH Settlement Group was founded in 1994 and is based in Chantilly, Virginia.

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Buyer(S) 1

Buyer

Tempo Title

New York, New York, United States

Category Company
Founded 2020
Sector Business Services
DESCRIPTION

Tempo Title is a provider of residential and commercial real estate title and settlement services. Tempo Title was founded in 2020 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 2

SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 23 of 25
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 11
State: Virginia M&A 4 of 4
Country: United States M&A 23 of 25
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 BOOM! By Cindy Joseph

Nanuet, New York, United States

BOOM! By Cindy Joseph sells a growing portfolio of color cosmetics and skincare products. BOOM! offers a pared-down, easy-to-use, and fast-to-apply line of multi-purpose cosmetic products that serve as a woman’s entire makeup bag, including foundation, blush, lipstick, and more. BOOM! By Cindy Joseph was founded in 2010 and is based in Nanuet, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Racing & Performance

Valencia, California, United States

Racing & Performance is a consolidation of high-performance automotive aftermarket parts businesses. Racing & Performance was formed in 2021 and is based in Valencia, California.

Buy -
SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 57 of 82
Sector: Business Services M&A 8 of 10
Type: Add-on Acquisition M&A Deals 19 of 29
State: Virginia M&A 1 of 1
Country: United States M&A 55 of 78
Year: 2021 M&A 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Wheat Montana

Three Forks, Montana, United States

Wheat Montana is a provider of premium, branded mill, and bakery products. The Company offers a variety of non-GMO, chemical-free grains and whole grain flours, mixes, and fresh and frozen bread products to retail and wholesale customers throughout the United States. Wheat Montana is based in Three Forks, Montana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Pyramid Healthcare

Duncansville, Pennsylvania, United States

Pyramid Healthcare is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania. Pyramid Healthcare is based in Duncansville, Pennsylvania.

Sell -