M&A Deal Summary

White Wolf Capital, Ironwood Capital and Concentric Equity Partners Acquire Consulting Solutions International

On June 16, 2016, private equity firm White Wolf Capital, growth capital firm Ironwood Capital and private equity firm Concentric Equity Partners acquired information technology company Consulting Solutions International

Acquisition Highlights
  • This is White Wolf Capital’s 1st, Ironwood Capital’s 1st and Concentric Equity Partners’ 1st transaction in the Information Technology sector.
  • This is White Wolf Capital’s 4th, Ironwood Capital’s 49th and Concentric Equity Partners’ 18th transaction in the United States.
  • This is White Wolf Capital’s 1st, Ironwood Capital’s 1st and Concentric Equity Partners’ 4th transaction in Florida.

M&A Deal Summary
Date 2016-06-16
Target Consulting Solutions International
Sector Information Technology
Buyer(s) White Wolf Capital
Ironwood Capital
Concentric Equity Partners
Deal Type Recapitalization

Target

Consulting Solutions International

Jacksonville, Florida, United States
Consulting Solutions International is a provider of information technology, consulting and recruiting that is primarily focused on providing permanent and contract IT resources to augment a client’s existing staff while implementing or upgrading complex systems. Consulting Solutions International was founded in 2000 and is based in Jacksonville, Florida.

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Buyer(S) 3

Buyer

White Wolf Capital

Miami, Florida, United States
Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

White Wolf Capital is a private equity firm focused on management buyouts and recapitalizations of mid-sized, North American companies with $20 to $200 million of revenue. White Wolf looks to partner with management when pursuing transactions and will consider opportunities across a variety of sectors, including manufacturing, security, safety/defense, business services, and information technology. In addition to private equity investing, White Wolf also provides credit and looks to make fund investments. White Wolf Capital was formed in 2011 and is based in Miami, Florida.

DEAL STATS #
Overall 5 of 13
Sector (Information Technology) 1 of 1
Type (Recapitalization) 4 of 7
State (Florida) 1 of 5
Country (United States) 4 of 11
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Stag Arms

Cheyenne, Wyoming, United States

Stag Arms is a manufacturer of American made Modern Sporting Rifles. All of Stag’s rifles come with an industry major lifetime transferable warranty and an infinite shot guarantee on the barrel. Stag Arms was founded in 2003 and is based in Cheyenne, Wyoming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 NSC Technologies

Atlanta, Georgia, United States

NSC Technologies is specialized in staffing and workforce management solutions for a wide range of industries including defense, marine, energy and industrial markets. NSC Technologies was founded in 2000 and is based in Atlanta, Georgia.

Buy -
Buyer

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 49 of 93
Sector (Information Technology) 1 of 1
Type (Recapitalization) 8 of 14
State (Florida) 1 of 1
Country (United States) 49 of 93
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 Katahdin Industries

Dedham, Massachusetts, United States

Katahdin Industries is a provider of high-tolerance coating applications and specialized metal-finishing technology and services through two business segments. Katahdin Industries was founded in 1969 and is based in Dedham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 STG Logistics

Bensenville, Illinois, United States

STG Logistics is a provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. STG Logistics was founded in 1985 and is based in Bensenville, Illinois.

Sell -
Buyer

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.

DEAL STATS #
Overall 18 of 42
Sector (Information Technology) 1 of 1
Type (Recapitalization) 3 of 6
State (Florida) 4 of 7
Country (United States) 18 of 40
Year (2016) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 UCI Construction Services

Tampa, Florida, United States

UCI Construction Services, Inc. is a wireless infrastructure service provider.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 Intra-Op Monitoring Services

Covington, Louisiana, United States

Intra-Op Monitoring Services is a clinical diagnostic services company offering highly specialized intra-operative neurophysiological monitoring capabilities. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia was founded in 2000 and is based in Covington, Louisiana.

Sell -
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