M&A Deal Summary |
|
|---|---|
| Date | 2017-02-22 |
| Target | Community Education Centers |
| Sector | Healthcare Services |
| Buyer(s) | The GEO Group |
| Sellers(s) |
Primus Capital
First Analysis Argentum Capital Partners NewSpring Capital LLR Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Moelis & Co. (Financial) Fried Frank Harris Shriver & Jacobson (Legal) |
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| Category | Company |
|---|---|
| Founded | 1984 |
| Sector | Real Estate |
| Employees | 18,000 |
| Revenue | 2.4B USD (2023) |
The GEO Group engages in the ownership, leasing, and management of secure facilities, reentry facilities, and processing centers in the United States, Australia, and South Africa. The company provides counseling, education, and treatment for alcohol and drug abuse problems at various facilities; and compliance technologies for monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants. The GEO Group was founded in 1984 and is based in Boca Raton, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Healthcare Services) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-02-14 |
BI
Boulder, Colorado, United States BI, Inc. is a provider of alternative to incarceration products offering the following services to federal, state, and local government agencies: Electronic Monitoring, Re-entry & Supervision Services, and the Intensive Supervision Appearance Program. |
Buy | $415M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 900M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 46 |
| Sector (Healthcare Services) | 3 of 3 |
| Type (Add-on Acquisition) | 18 of 28 |
| State (New Jersey) | 2 of 2 |
| Country (United States) | 29 of 45 |
| Year (2017) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-05 |
Payspan
Jacksonville, Florida, United States Payspan provides payment solutions for health plans and providers seeking to increase provider adoption of electronic payments, engage patient members, and accelerate quality care. Payspan was founded in 1984 and is based in Jacksonville, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-23 |
PartsSource
Aurora, Ohio, United States PartsSource is a provider of proprietary software solutions related to the acquisition and life cycle management of medical repair parts. PartsSource has been recognized by clinical engineers and healthcare executives alike for its unique ePartsFinder application for its ability to increase department efficiencies while reducing costs through its award-winning SmartPrice technology. PartsSource was founded in 2001 and is based in Aurora, Ohio. |
Sell | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 800M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 71 |
| Sector (Healthcare Services) | 4 of 4 |
| Type (Add-on Acquisition) | 41 of 51 |
| State (New Jersey) | 6 of 7 |
| Country (United States) | 57 of 70 |
| Year (2017) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-09 |
AmpliFund
Cleveland, Ohio, United States AmpliFund designs, develops, and markets major edge process management tools for nonprofit and public sector institutions. AmpliFund captures grant information as data and automates hundreds of complex activities throughout the grant lifecycle. AmpliFund board management portal, BoardMax, helps organizations engage and communicate with board members. Both products are high-value, affordable software solutions, designed to help nonprofit and public sector entities maintain compliance, generate revenue, and build capacity. AmpliFund is based in Cleveland, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-05 |
AdvancePath Academics
Williamsburg, Virginia, United States AdvancePath Academics, Inc. is a provider of alternative education solutions for out-of-school youth and those students who are disengaged or at risk of dropping out of high school. The company creates innovative partnerships with districts and high schools to operate in-school Academies that provide high-quality education services to recover, educate, and graduate out-of-school youth and those students at risk of not earning their high school diplomas. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 44 |
| Sector (Healthcare Services) | 4 of 4 |
| Type (Add-on Acquisition) | 22 of 31 |
| State (New Jersey) | 5 of 5 |
| Country (United States) | 29 of 42 |
| Year (2017) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-29 |
Ytel
Lake Forest, California, United States Ytel is a provider of contact center software and embedded real-time communications solutions. Ytel specializes in cloud-based B2B communications solutions, powering modern communications through voice, text, email, and direct mail. Ytel was founded in 2012 and is based in Lake Forest, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-09 |
Aventri
Norwalk, Connecticut, United States Aventri is a provider of cloud-based analytics and data-driven end-to-end event management and venue sourcing solutions. Open-source platform delivers innovative technology solutions to streamline the event process, providing real-time data and analytics on event performance, customer engagement, and increasing measurable event ROI. Aventri was formed in 2008 and is based in Norwalk, Connecticut. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 86 |
| Sector (Healthcare Services) | 5 of 6 |
| Type (Add-on Acquisition) | 24 of 48 |
| State (New Jersey) | 6 of 8 |
| Country (United States) | 40 of 85 |
| Year (2017) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-04 |
Vertical Management Systems
Pasadena, California, United States Vertical Management Systems, is a provider of data, financial networking, and account aggregation technology. For nearly 25 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States. VMS’s three core products include its retirement platform, Retirement Revolution, a leading supplier of next-generation retirement solutions; Mutual Fund Desk (MFD), a mutual fund process-and-control platform; and Specialized Information Services (SIS), a comprehensive source of customized and audited financial data. Vertical Management Systems was founded in 1992 and is based in Pasadena, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-05 |
National Legal Services
Temecula, California, United States National Legal Services LLC is a provider of outsourced legal, document-retrieval, and document-preparation services. National Legal Services is based in Temecula, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 76 |
| Sector (Healthcare Services) | 3 of 5 |
| Type (Add-on Acquisition) | 25 of 47 |
| State (New Jersey) | 7 of 8 |
| Country (United States) | 37 of 75 |
| Year (2017) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-14 |
Revecore
Franklin, Tennessee, United States Revecore is a provider of specialty reimbursement solutions that identify and recover additional revenue for hospitals and health systems nationwide. Revecore's AcciClaim solution, led by the industry's leading team of specialized attorneys, revenue cycle experts and account resolution specialists, delivers improved revenue, increased patient satisfaction, and enhanced billing compliance from complex claims related to motor vehicle accidents and workers' compensation injuries. Revecore was founded in 1999 and is based in Franklin, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-30 |
Kemberton
Franklin, Tennessee, United States Kemberton is a provider of technology-enabled revenue cycle management (RCM) services, specializing in the management and collection of workers’ compensation and motor vehicle accident claims and the resolution of complex insurance denials for hospitals and physician practice groups. Kemberton was founded in 2008 and is based in Brentwood, Tennessee. |
Buy | - |
