M&A Deal Summary

Vistria Group Acquires BHG

On December 19, 2018, private equity firm Vistria Group acquired healthcare services company BHG from Frontenac

Acquisition Highlights
  • This is Vistria Group’s 2nd transaction in the Healthcare Services sector.
  • This is Vistria Group’s 9th transaction in the United States.
  • This is Vistria Group’s 2nd transaction in Texas.

M&A Deal Summary

Date 2018-12-19
Target BHG
Sector Healthcare Services
Buyer(s) Vistria Group
Sellers(s) Frontenac
Deal Type Secondary Buyout

Target

BHG

Dallas, Texas, United States
BHG is a provider of outpatient substance abuse treatment services, primarily for addiction to prescription pain medication. BHG was founded in 2006 and is based in Dallas, Texas.

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Buyer(S) 1

DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 29
Sector (Healthcare Services) 2 of 7
Type (Secondary Buyout) 3 of 13
State (Texas) 2 of 3
Country (United States) 9 of 29
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Catapult Learning

Philadelphia, Pennsylvania, United States

Catapult Learning is an outsourced K-12 educational services platform in the U.S. The Company serves more than 300,000 K-12 students across 300+ districts, including 16 of the 20 largest districts, in 38 states and the District of Columbia. Catapult Learning was founded in 1976 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Academic Partnerships

Dallas, Texas, United States

Academic Partnerships is an online facilitator that assists primarily public institutions of higher education in taking their academic programs online and recruits and retains qualified students through program completion. Academic Partnerships was founded in 2007 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 51 of 59
Sector (Healthcare Services) 6 of 6
Type (Secondary Buyout) 15 of 16
State (Texas) 4 of 4
Country (United States) 49 of 57
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Motion Solutions

Aliso Viejo, California, United States

Motion Solutions is an engineering focused, a value-added distributor of linear motion and motion control solutions for a variety of end markets, including medical device, life sciences, technology, aerospace & defense, and general industrial & automation. Motion Solutions was founded in 1956 and is based in Aliso Viejo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Liquid Technologies

Chino, California, United States

Liquid Technologies, Inc. is a contract formulator and contract manufacturer of personal care products, providing full-service capabilities including formulation, development, blend manufacturing, filling and packaging. Liquid Technologies offers hair care products such as shampoos, conditioners, styling products, and aerosols, in addition to skincare products such as creams, lotions and serums. Liquid Technologies was founded in 1988 and is based in Chino, California.

Sell -