M&A Deal Summary

WestView Capital Partners and Five Points Capital Acquire Northwest Plan Services

On May 20, 2015, private equity firms WestView Capital Partners and Five Points Capital acquired business services company Northwest Plan Services

Acquisition Highlights
  • This is WestView Capital Partners’ 6th and Five Points Capital’s 6th transaction in the Business Services sector.
  • This is WestView Capital Partners’ 26th and Five Points Capital’s 55th transaction in the United States.
  • This is WestView Capital Partners’ 1st and Five Points Capital’s 1st transaction in Washington.
Investment Fate
  • Northwest Plan Services was recapitalized in 2016.
  • Northwest Plan Services was sold to a publicly-traded strategic buyer in 2020.

M&A Deal Summary

Date 2015-05-20
Target Northwest Plan Services
Sector Business Services
Buyer(s) WestView Capital Partners
Five Points Capital
Deal Type Recapitalization
Advisor(s) Farlie Turner Gilbert Investment Banking (Financial)

Target

Northwest Plan Services

Seattle, Washington, United States
Northwest Plan Services, Inc. is an independent recordkeeper and administrator of retirement plans. The Company provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans, and other plan types. In addition to recordkeeping, administration, compliance and participant services, the Company provides consulting, employee communication and actuarial services to a client base ranging from small to medium-sized companies having 50 to 500 employees to large, S&P 500 clients with tens of thousands of employees. Northwest Plan Services was formed in 1994 and is based in Seattle, Washington.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 26 of 56
Sector: Business Services M&A 6 of 12
Type: Recapitalization M&A Deals 9 of 15
State: Washington M&A 1 of 2
Country: United States M&A 26 of 56
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 eSolutions

Olathe, Kansas, United States

eSolutions, Inc. is a provider of revenue cycle management software-as-a-service (“SaaS”). The Company’s products assist healthcare providers in automating and enhancing workflow with regard to claims review, editing, and denials/appeals management, as well as eligibility verification and payor connectivity. The Company’s client base is comprised of over 1,100 hospitals, home health and hospice providers, skilled nursing facilities, and durable medical equipment providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-23 Xtend Healthcare

Hendersonville, Tennessee, United States

Xtend Healthcare LLC is a market provider of revenue cycle outsourcing solutions to the hospital market. Xtend currently serves more than 130 hospitals, ranging from large teaching university-affiliated hospitals and urban medical centers to rural critical access hospitals. Services include health insurance claims billing and account resolution, patient billing, customer service and follow-up, as well as revenue cycle consulting.

Sell -
Buyer

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 55 of 89
Sector: Business Services M&A 6 of 12
Type: Recapitalization M&A Deals 14 of 21
State: Washington M&A 1 of 1
Country: United States M&A 55 of 89
Year: 2015 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Bevolution Group

Chicago, Illinois, United States

Bevolution Group is a manufacturer and supplier of innovative beverage solutions, primarily selling clean label and preservative free smoothie bases, bar and cocktail mixes, juices, concentrates and other related beverage products into the foodservice channel. Bevolution Group was founded in 2015 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 ASPEQ Heating Group

St. Louis, Mississippi, United States

ASPEQ Heating Group is a provider of custom-configured electric heating and thermal management products to the industrial, commercial, military, marine, and transportation markets. ASPEQ serves a highly diversified customer base and provides over 30 distinct product categories, including immersion and circulation heaters, duct heaters, tubular elements, unit and comfort heaters, and explosion-proof heaters, among others, as well as integrated controls and spare parts. Products are marketed through a multi-channel approach under the longstanding and well-known INDEECO, Heatrex, AccuTherm, and Brasch brands. ASPEQ Heating Group was formed in 2008 and is based in St. Louis, Mississippi.

Buy -