M&A Deal Summary

Vistria Group Acquires ESS

On January 28, 2022, private equity firm Vistria Group acquired staffing company ESS from Nautic Partners and Prudential Capital Group

Acquisition Highlights
  • This is Vistria Group’s 2nd transaction in the Staffing sector.
  • This is Vistria Group’s 20th transaction in the United States.
  • This is Vistria Group’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2022-01-28
Target ESS
Sector Staffing
Buyer(s) Vistria Group
Sellers(s) Nautic Partners
Prudential Capital Group
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Locke Lord (Legal)

Target

ESS

Knoxville, Tennessee, United States
ESS is a provider of staffing solutions. ESS specializes in placing qualified staff in daily, long-term, and permanent K-12 school district positions including substitute teachers, paraprofessionals, and other school support staff. ESS was founded in 2000 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Vistria Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
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 20 of 29
Sector (Staffing) 2 of 3
Type (Secondary Buyout) 7 of 13
State (Tennessee) 2 of 2
Country (United States) 20 of 29
Year (2022) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 BioCare

Tempe, Arizona, United States

BioCare is a specialty distributor of life-saving therapies CanyonCareRX, a full-service specialty pharmacy, and LogiCare3PL, a national provider of time and temperature-sensitive pharmaceutical logistics services. BioCare was founded in 1982 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Beacon Specialized Living

Kalamazoo, Michigan, United States

Beacon Specialized Living provides behavioral healthcare through specialized residential adult foster care (AFC) facilities and community living service apartments in 30 locations across western and northern Michigan. The company serves developmentally disabled, mentally ill, and autistic adults, as well as those challenged with substance abuse, addiction, dementia, and Alzheimer’s, in a behavioral healthcare setting. Beacon Specialized Living was founded in 1998 and is based in Kalamazoo, Michigan.

Buy -

Seller(S) 2

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 43 of 47
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 18 of 20
State (Tennessee) 2 of 2
Country (United States) 43 of 46
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 DeepSeas

San Diego, California, United States

DeepSeas is a cybersecurity company that provides managed detection and response services that covers the entire converged attack surface for the mid-market, including OT, IT, cloud, and mobile. DeepSeas brings calm and clear minds to its customers by patrolling the cyberseas and removing harm from their environments. DeepSeas is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 SPS Health

Milwaukee, Wisconsin, United States

SPS Health is a value-based care solutions provider serving post-acute pharmacies and pharmacy benefit managers. SPS Health companies deliver innovative technology-enabled clinical and operational solutions to leading long-term care, behavioral health, correctional, specialty, and worker’s compensation pharmacies, and PBMs. SPS Health is based in Milwaukee, Wisconsin.

Buy -
SELLER

Prudential Capital Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Prudential Capital Group is an investment firm focused on providing private debt, mezzanine and equity securities to middle-market companies. Prudential Capital looks to invest between $10 and $100 million in companies generating sales of $50 to $300 million. The Firm pursues a variety of transaction types, including debt refinancing, growth, acquisition financing, stock repurchases, recapitalizations, and buyouts. Sectors of interest include energy, commercial asset finance, lease, and infrastructure. Prudential Capital Group is based in Newark, New Jersey.

DEAL STATS #
Overall 3 of 5
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Tennessee) 1 of 1
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 EducationDynamics

Lenexa, Kansas, United States

EducationDynamics is a provider of web-based marketing, enrollment, and retention products and services to post-secondary institutions. EducationDynamics was founded in 2005 and is based in Lenexa, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Salary.com

Waltham, Massachusetts, United States

Salary.com is a provider of reliable information, software, and best practices for compensation professionals. The Company’s product offerings help employers find and analyze detailed, real-time, and accurate information about employee compensation, as well as providing a platform for managing their daily workflow. Salary.com was founded in 1999 and is based in Waltham, Massachusetts.

Sell -
Mergr

Product

Company

Legal