Investment Summary

WestView Capital Partners and Gridiron Capital Invest In Health Monitor

On May 1, 2019, private equity firms WestView Capital Partners and Gridiron Capital invested in marketing company Health Monitor

Investment Highlights
  • This is WestView Capital Partners’ 3rd and Gridiron Capital’s 2nd transaction in the Marketing sector.
  • This is WestView Capital Partners’ 41st and Gridiron Capital’s 28th transaction in the United States.
  • This is WestView Capital Partners’ 1st and Gridiron Capital’s 1st transaction in New Jersey.

Investment Summary

Date 2019-05-01
Target Health Monitor
Sector Marketing
Investor(s) WestView Capital Partners
Gridiron Capital
Deal Type Growth Capital
Advisor(s) Covington Associates (Financial)

Target

Health Monitor

Montvale, New Jersey, United States
Health Monitor is a direct-to-patient (DTP) company focused on providing high-quality patient education through digital, print, and mobile platforms to tens of millions of condition sufferers through 200,000+ medical offices and more than 400,000 healthcare professionals over its 35-year history. Health Monitor was formed in 1983 and is based in Montvale, New Jersey.

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Investor(S) 2

Investor

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 41 of 56
Sector (Marketing) 3 of 3
Type (Growth Capital) 19 of 29
State (New Jersey) 1 of 1
Country (United States) 41 of 56
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Bell and Howell

Durham, North Carolina, United States

Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 KLDiscovery

Eden Prairie, Minnesota, United States

KLDiscovery is a provider of tech-enabled information discovery and governance solutions. The Company’s solutions help clients to optimize outcomes in corporate litigation and regulatory investigations and to meet compliance requirements. KLDiscovery offers a comprehensive suite of E-Discovery services, which are powered by the Company’s proprietary technology. In addition, KLDiscovery offers select, complementary information governance solutions which allow clients to manage data in one comprehensive, unified solution. KLDiscovery was founded in 1985 and is based in Eden Prairie, Minnesota.

Sell -
Investor

Gridiron Capital

New Canaan, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 764M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 28 of 39
Sector (Marketing) 2 of 2
Type (Growth Capital) 3 of 7
State (New Jersey) 1 of 1
Country (United States) 28 of 39
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Jacent

Huntingdon Valley, Pennsylvania, United States

Jacent is a distributor and merchandiser of non-edible, general merchandise impulse items to grocery and other retail channels. The company creates a strategic merchandising plan for each store and places the right impulse product in the right location within the store to drive enhanced customer experiences, sales and profitability. With its national direct store delivery (“DSD”) network and team members, Jacent reorders, restocks and merchandises each store to provide a customized, turn-key solution that drives incremental impulse sales for its blue-chip customers. Jacent is based in Huntingdon Valley, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Colibri Group

St. Louis, Missouri, United States

Colibri Group helps millions of professionals manage and advance their careers through online learning solutions, all powered by a proprietary technology platform. Colibri Group offers a seamless experience to help licensed professionals progress throughout their careers, focused on licensing, continuing education, industry news, and job opportunities for healthcare, real estate, appraisal, and financial services, among other professions.

Buy -