M&A Deal Summary

Thomas H. Lee Partners Acquires AMI

On September 9, 2024, private equity firm Thomas H. Lee Partners acquired technology hardware company AMI from HGGC

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 1st transaction in the Technology Hardware sector.
  • This is Thomas H. Lee Partners’ 77th transaction in the United States.
  • This is Thomas H. Lee Partners’ 6th transaction in Georgia.

M&A Deal Summary
Date 2024-09-09
Target AMI
Sector Technology Hardware
Buyer(s) Thomas H. Lee Partners
Sellers(s) HGGC
Deal Type Secondary Buyout
Advisor(s) BofA Securities (Financial)
Kirkland & Ellis (Legal)

Target

AMI

Duluth, Georgia, United States
AMI is a provider of out-of-band server management firmware, and UEFI and BIOS firmware, with its products deployed in a high proportion of all servers, data centers, embedded devices, and personal computers worldwide. AMI was founded in 1985 and is based in Duluth, Georgia.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 90 of 90
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 32 of 32
State (Georgia) 6 of 6
Country (United States) 77 of 77
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Agiliti

Eden Prairie, Minnesota, United States

Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe, and sustainable healthcare delivery system. The company serves over 10,000 national, regional, and local acute care and alternate site providers across the U.S. It delivers medical equipment management and service solutions that help healthcare providers reduce costs, increase operating efficiencies, and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Eden Prairie, Minnesota.

Buy $2.5B

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 24 of 24
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Georgia) 1 of 1
Country (United States) 21 of 21
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Marmic

Joplin, Missouri, United States

Marmic is a full-service fire protection company providing inspection, maintenance, repair, and installation services to commercial customers throughout the United States. Marmic was formed in 1951 and is based in Joplin, Missouri.

Sell -
Mergr

Product

Company

Legal