M&A Deal Summary

TruArc Partners Acquires HCTec

On January 23, 2013, private equity firm TruArc Partners acquired information technology company HCTec from Shearwater Health

Acquisition Highlights
  • This is TruArc Partners’ 3rd transaction in the Information Technology sector.
  • This is TruArc Partners’ 13th transaction in the United States.
  • This is TruArc Partners’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2013-01-23
Target HCTec
Sector Information Technology
Buyer(s) TruArc Partners
Sellers(s) Shearwater Health
Deal Type Recapitalization

Target

HCTec

Brentwood, Tennessee, United States
HCTec is a full-service Healthcare IT (HIT) and Health Information Management (HIM) solutions provider. HCTec’s consultants have completed numerous clinical IT assignments, including EHR/EMR implementations, Epic and Cerner Go-Lives, and legacy system support, with marquee health systems nationwide. HCTec was founded in 2010 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York, New York.

DEAL STATS #
Overall 13 of 34
Sector (Information Technology) 3 of 3
Type (Recapitalization) 1 of 2
State (Tennessee) 2 of 4
Country (United States) 13 of 33
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 ArrMaz Custom Chemicals

Mulberry, Florida, United States

ArrMaz Custom Chemicals, Inc. is a producer of process chemicals to the phosphate fertilizer mining and manufacturing industry, a manufacturer of additives to the asphalt paving market, and a growing supplier of other diversified industrial mineral flotation and surfactant chemicals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 FeraDyne Outdoors

Superior, Wisconsin, United States

FeraDyne Outdoors designs, manufactures and markets a range of innovative category products for the bowhunting and archery markets. FeraDyne offers an extensive portfolio of patent-protected products such as Rage and Muzzy broadheads, Nockturnal lighted nocks, Tru-Fire releases, Block, Glen Del, Shooter Buck and Hurricane targets, and IQ and Sure-Loc bowsights, all of which are designed to enhance the performance of archers in the field and on the range. FeraDyne Outdoors was founded in 2011 and is based in Superior, Wisconsin.

Buy -

Seller(S) 1

SELLER

Shearwater Health

Nashville, Tennessee, United States
Category Company
Founded 1973
Sector Healthcare Services
DESCRIPTION

Shearwater Health is a provider of offshore clinical resources serving U.S. healthcare companies. Its clinical process outsourcing offering provides intelligent, patient-centered solutions that lower costs and improve outcomes for healthcare payers, providers, and service companies. Shearwater Health was founded in 1973 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Recapitalization) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Mergr

Product

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