M&A Deal Summary

WestView Capital Partners Acquires Purple Strategies

On August 25, 2022, private equity firm WestView Capital Partners acquired business services company Purple Strategies

Acquisition Highlights
  • This is WestView Capital Partners’ 11th transaction in the Business Services sector.
  • This is WestView Capital Partners’ 50th transaction in the United States.
  • This is WestView Capital Partners’ 4th transaction in Virginia.

M&A Deal Summary
Date 2022-08-25
Target Purple Strategies
Sector Business Services
Buyer(s) WestView Capital Partners
Deal Type Recapitalization
Advisor(s) GP Bullhound (Financial)
Blank Rome (Legal)

Target

Purple Strategies

Alexandria, Virginia, United States
Purple Strategies is a fully integrated corporate reputation strategy firm, inspired by politics, driven by data and insights, partnering with Fortune 500 companies and the most recognizable brands in the world to anticipate, navigate, and compel change. Purple Strategies was founded in 2008 and is based in Alexandria, Virginia.

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Buyer(S) 1

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 50 of 56
Sector (Business Services) 11 of 12
Type (Recapitalization) 15 of 15
State (Virginia) 4 of 4
Country (United States) 50 of 56
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Abacus Group

New York, New York, United States

Abacus Group is a provider of managed IT solutions and infrastructure for the financial services sector. The Company’s scalable, secure, and highly available private cloud IT platform allows investment managers to run all their technology as a service, providing firms with peace of mind and the ability to focus on their core business without sacrificing performance, security, or resiliency. Abacus Group was founded in 2008 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Dark Horse Consulting Group

Walnut Creek, California, United States

Dark Horse Consulting Group is a global consultancy practice specializing in cell and gene therapy product development. Dark Horse's services have been used by over 100 industry leading life sciences clients to enhance their business intelligence, quality, manufacturing, regulatory, technology transfer and supply-chain practices. Dark Horse Consulting Group was founded in 2014 and is based in Walnut Creek, California.

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Company

Legal