M&A Deal Summary

The Firmament Group and Aeterna Capital Partners Acquire Nurses PRN

On October 26, 2021, family offices The Firmament Group and Aeterna Capital Partners acquired staffing company Nurses PRN

Acquisition Highlights
  • This is The Firmament Group’s 1st and Aeterna Capital Partners’ 1st transaction in the Staffing sector.
  • This is The Firmament Group’s 12th and Aeterna Capital Partners’ 3rd transaction in the United States.
  • This is The Firmament Group’s 1st and Aeterna Capital Partners’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2021-10-26
Target Nurses PRN
Sector Staffing
Buyer(s) The Firmament Group
Aeterna Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Nurses PRN

Appleton, Wisconsin, United States
Nurses PRN provides staffing services for medical professionals. Nurses PRN employs RNs, LPNs, therapists, and technicians, among other healthcare professionals. Nurses PRN places healthcare professionals in work assignments at hospitals, skilled nursing facilities, and other sites of care across the United States. Nurses PRN was founded in 1995 and is based in Appleton, Wisconsin.

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Buyer(S) 2

Buyer

The Firmament Group

Investor Investor Investor Investor Investor

Category Family Office
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 12 of 16
Sector (Staffing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 12 of 16
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Controltec

Escondido, California, United States

Controltec is a provider of childcare subsidy management software to state governments and local childcare agencies. Controltec systems enable social service agencies and childcare providers to manage cases more efficiently, reduce clerical errors, remove worker frustration, and reduce fraud. Controltec was founded in 1993 and is based in Escondido, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Nascent Technology

Charlotte, North Carolina, United States

Nascent Technology is a manufacturer of Automated Gate Systems (AGS), software and systems integration for the supply chain, including rail, marine terminals, manufacturing and distribution centers, as well as the private and for-hire carrier market. Nascent Technology was founded in 1996 and is based in Charlotte, North Carolina.

Buy -
Buyer

Aeterna Capital Partners

Investor Investor

Category Family Office
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 3 of 3
Sector (Staffing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Kitchen Art

Coral Springs, Florida, United States

Kitchen Art is a provider of kitchen and bathroom cabinetry design, installation and remodelling services. Kitchen Art partners with mid-to-high-end builders that develop master planned communities to offer home buyers customized cabinet upgrade programs. Kitchen Art was founded in 1989 and is based in Coral Springs, Florida.

Sell -
Mergr

Product

Company

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