M&A Deal Summary

Wellspring Capital Management Acquires Coverall North America

On June 1, 2021, private equity firm Wellspring Capital Management acquired franchising company Coverall North America

Acquisition Highlights
  • This is Wellspring Capital Management’s 2nd transaction in the Franchising sector.
  • This is Wellspring Capital Management’s 45th transaction in the United States.
  • This is Wellspring Capital Management’s 3rd transaction in Florida.

M&A Deal Summary
Date 2021-06-01
Target Coverall North America
Sector Franchising
Buyer(s) Wellspring Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Coverall North America

Deerfield Beach, Florida, United States
Coverall North America is a franchisor of commercial cleaning services. The Coverall network has nearly 8,300 franchise business owners with 43 master owned business locations. Coverall North America was founded in 1985 and is based in Deerfield Beach, Florida.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 50 of 53
Sector (Franchising) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 15 of 16
State (Florida) 3 of 4
Country (United States) 45 of 48
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Rohrer

Wadsworth, Ohio, United States

Rohrer is a manufacturer of high-visibility consumer packaging, including graphically intensive skin, blister, folding carton, and clamshell packaging. The Company serves a diverse customer base across a variety of end markets, such as hardware, office supplies, batteries, consumer electronics, and personal care. Rohrer was established in 1973 and is based in Wadsworth, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Pentec Health

Glen Mills, Pennsylvania, United States

Pentec Health is a provider of specialty infusion services to patients who require access to complex pharmaceutical products and services outside of the hospital setting. Pentec Health was founded in 1983 and is based in Glen Mills, Pennsylvania.

Buy -
Mergr

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