M&A Deal Summary

Vistria Group Acquires MGT

On June 15, 2023, private equity firm Vistria Group acquired business services company MGT from Trivest Partners

Acquisition Highlights
  • This is Vistria Group’s 3rd transaction in the Business Services sector.
  • This is Vistria Group’s 27th transaction in the United States.
  • This is Vistria Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2023-06-15
Target MGT
Sector Business Services
Buyer(s) Vistria Group
Sellers(s) Trivest Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Davis Polk & Wardwell (Legal)

Target

MGT

Tampa, Florida, United States
MGT is a provider of social impact and performance improvement solutions for public agencies, philanthropic organizations, and Fortune 500 companies across the U.S. and abroad. The company has expanded its education and technology solutions portfolio with the addition of Davis Demographics, EH&A, Kitamba, Ed Direction, Cira Infotech, Layer 3 Communications, and Step By Step Learning. It provides highly specialized solutions addressing mission-critical client priorities that improve outcomes and helps organizations and communities thrive. MGT was founded in 1975 and is based in Tampa, Florida.

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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 27 of 29
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 11 of 13
State (Florida) 1 of 1
Country (United States) 27 of 29
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Alcami

Wilmington, North Carolina, United States

Alcami is a fully-integrated end-to-end contract development and manufacturing organization. Alcami serves pharmaceutical and biotech companies of all sizes providing customizable and innovative solutions for analytical development, clinical to commercial sterile and oral solid manufacturing, packaging, microbiology, cGMP biostorage, environmental monitoring, and pharmaceutical support services. Alcami was founded in 1979 and is based in Wilmington, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 U.S. Retirement & Benefits Partners

Iselin, New Jersey, United States

U.S. Retirement & Benefits Partners is an independent K-12 public school and governmental employee benefits and retirement planning services firm. The company serves educational, governmental, corporate, union, and non-profit employers with the care and attention that their employees deserve, helping them make retirement planning decisions that align with their goals and objectives and benefit choices suited for their personal needs by providing customers with resources and tools. U.S. Retirement & Benefits Partners was founded in 2008 and is based in Iselin, New Jersey.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 34 of 38
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 15 of 18
State (Florida) 9 of 10
Country (United States) 31 of 34
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 Lenworth Building Services

Mississauga, Ontario, Canada

Lenworth Building Services specializes in the sales, installation, and service of commercial overhead doors, high-speed doors, loading dock equipment, and industrial fans. Lenworth Building Services was formed in 2003 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-15 ABC-Amega

Buffalo, New York, United States

ABC-Amega provides commercial debt collection solutions for business-to-business clients around the world. The company specializes in third-party commercial debt collection, first-party accounts receivable outsourcing, and industry credit group management. ABC-Amega was formed in 1929 and is based in Buffalo, New York.

Buy -