M&A Deal Summary

Trinity Investors and Charter Oak Equity Acquire CGA Holdings

On February 28, 2022, private equity firms Trinity Investors and Charter Oak Equity acquired consumer services company CGA Holdings

Acquisition Highlights
  • This is Trinity Investors’ 1st and Charter Oak Equity’s 1st transaction in the Consumer Services sector.
  • This is Trinity Investors’ 16th and Charter Oak Equity’s 33rd transaction in the United States.
  • This is Trinity Investors’ 1st and Charter Oak Equity’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-02-28
Target CGA Holdings
Sector Consumer Services
Buyer(s) Trinity Investors
Charter Oak Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

CGA Holdings

Boca Raton, Florida, United States
CGA Holdings is a home health platform serving South Florida. Its operating subsidiaries include six nurse registries and three home health agencies with a combined 140 years of local ownership and exceptional patient care. CGA Holdings is based in Boca Raton, Florida.

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Buyer(S) 2

DESCRIPTION

Trinity Investors is a private equity firm focused on direct investments in real estate and operating companies. Trinity Investors was formed in 2006 and is headquartered in Southlake, Texas.


DEAL STATS #
Overall 17 of 19
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 9
State: Florida M&A 1 of 1
Country: United States M&A 16 of 18
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Freedom Powersports

Fort Worth, Texas, United States

Freedom Powersports is a power sports dealer that specializes in selling & servicing power sports equipment. Freedom sells motorcycles, ATVs, UTVs, boats, personal watercraft, and other recreational vehicles. Freedom Powersports was formed in 2012 and is based in Fort Worth, Texas.

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Hyatt

Indian Wells, California, United States

Hyatt is a 530-key hotel located in the Greater Palm Springs area, one of the top drive-to resort markets in the country. Hyatt is based in Indian Wells, California.

Buy -
Buyer

Charter Oak Equity

Westport, Connecticut, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Charter Oak Equity is a private equity group focused on control investments in lower middle-market companies valued between $25 and $150 million. The Firm looks for businesses operating large markets with significant room for growth. Target sectors include niche manufacturing, packaging, medical products, specialty chemicals, consumer products, and financial services. Charter Oak generally targets family-owned companies or non-core divisions of larger companies. Charter Oak Private Equity was formed in 1992 and is based in Westport, Connecticut.


DEAL STATS #
Overall 35 of 35
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 23 of 23
State: Florida M&A 1 of 1
Country: United States M&A 33 of 33
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Chemres

Princeton, New Jersey, United States

Chemres is a compounder and global logistics provider of high-performance specialty polymer materials, services, and solutions. Chemres has been servicing the medical, packaging, and wire & cable markets using multiple manufacturing technologies since 1995. Chemres’s Chesapeake, VA plant is uniquely qualified for the production of medical-grade, mission-critical resins to meet customers’ demanding performance standards. Chemres was founded in 1995 and is based in Princeton, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Seaboard Box

Westminster, Massachusetts, United States

Seaboard Box is the premier provider of folding cartons in the northeastern United States serving customers desiring quality production and highly responsive customer service. Seaboard Box is based in Westminster, Massachusetts.

Sell -