M&A Deal Summary

Vistria Group Acquires U.S. Retirement & Benefits Partners

On June 21, 2023, private equity firm Vistria Group acquired consumer services company U.S. Retirement & Benefits Partners from Kohlberg & Company

Acquisition Highlights
  • This is Vistria Group’s 1st transaction in the Consumer Services sector.
  • This is Vistria Group’s 28th transaction in the United States.
  • This is Vistria Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-06-21
Target U.S. Retirement & Benefits Partners
Sector Consumer Services
Buyer(s) Vistria Group
Sellers(s) Kohlberg & Company
Deal Type Secondary Buyout

Target

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.

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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 28 of 29
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 12 of 13
State (New Jersey) 1 of 1
Country (United States) 28 of 29
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 Soliant Health

Peachtree Corners, Georgia, United States

Soliant Health is a provider of healthcare staffing solutions. The company also provides travel nurses, allied health clinicians and clinical development specialists for the life sciences market. Soliant Health was founded in 1991 and is based in Peachtree Corners, Georgia.

Buy $2.5B

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 46 of 47
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 19 of 19
State (New Jersey) 1 of 1
Country (United States) 45 of 46
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-09 Riveron

Dallas, Texas, United States

Riveron is a provider of event-driven financial consulting and due diligence for corporate clients and private equity firms. Riveron operates across three practice areas Financial Advisory, Transaction Advisory, and Business Advisory. Riveron Consulting was founded in 2006 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 ENTRUST Solutions

Warrenville, Illinois, United States

ENTRUST Solutions is an outsourced provider of comprehensive design, engineering, and consulting services to utilities in the U.S. ENTRUST Solutions offers customers a full spectrum of services with expertise in gas and electric distribution, pipeline infrastructure, automation systems, and integrity management solutions. ENTRUST Solutions is based in Warrenville, Illinois.

Sell -
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