M&A Deal Summary

Wicks Group Acquires Invo Healthcare

On January 9, 2017, private equity firm Wicks Group acquired healthcare services company Invo Healthcare from Post Capital Partners

Acquisition Highlights
  • This is Wicks Group’s 1st transaction in the Healthcare Services sector.
  • This is Wicks Group’s 28th transaction in the United States.
  • This is Wicks Group’s 2nd transaction in Pennsylvania.
Investment Fate
  • Invo Healthcare was sold to a consortium of financial buyers in 2017.
  • Invo Healthcare was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2017-01-09
Target Invo Healthcare
Sector Healthcare Services
Buyer(s) Wicks Group
Sellers(s) Post Capital Partners
Deal Type Recapitalization
Advisor(s) Cain Brothers & Co. (Financial)
Winston & Strawn
Benesch, Friedlander, Coplan & Aronoff (Legal)

Target

Invo Healthcare

Tampa, Pennsylvania, United States
Invo HealthCare is a provider of outsourced clinical services for special needs children in 23 states. It operates through two divisions that serve the needs of preschool children (3-5) and school age children (K-12). In addition Invo’s early intervention division provides service delivery to children from birth to 3 years. Invo Healthcare was founded in 1993 and is based in Tampa, Pennsylvania.

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) 1

Buyer

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 29 of 33
Sector: Healthcare Services M&A 1 of 1
Type: Recapitalization M&A Deals 2 of 3
State: Pennsylvania M&A 2 of 2
Country: United States M&A 28 of 32
Year: 2017 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Northstar Travel Group

Rutherford, New Jersey, United States

Northstar Travel Group is a provider of business-to-business information, content, events, data, research, custom content, and software dedicated to the global travel and meetings industries. Northstar is the owner of well-known brands and products, including Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings & Conventions, Travel Weekly China, Incentive, M&C China, Phocuswright, and Inntopia. Northstar Travel Group was founded in 1989 and is based in Rutherford, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 Syndigo

Chicago, Illinois, United States

Syndigo is a provider of digital content and retail omnichannel optimization solutions for the consumer-packaged goods and fast-moving consumer goods industries. Syndigo is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Post Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Post Capital Partners is a private investment firm that targets smaller middle-market businesses in traditional, basic industries. Prospective companies generally have revenues of $10 to $150 million and $2 to $20 million of EBITDA. Preferred company criteria include businesses with recurring or repeat revenue models, strong brand recognition, and minimal capital requirements. Sectors of interest include business services, financial / insurance services, consumer products and services, healthcare services, media, publishing, niche manufacturing, industrial, transportation and logistics. Post only considers companies headquartered in North America. Post Capital Partners is based in New York City.


DEAL STATS #
Overall 4 of 8
Sector: Healthcare Services M&A 1 of 1
Type: Recapitalization M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 ABRA Auto Body & Glass

Brooklyn Park, Minnesota, United States

ABRA Auto Body & Glass is a provider of vehicle damage repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA Auto Body & Glass was founded in 1984 and is based in Brooklyn Park, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 BHS Specialty Chemicals

Salt Lake City, Utah, United States

BHS Specialty Chemicals LLC (formerly BHS Marketing LLC) is a manufacturer, blender and distributor of specialty chemicals with facilities in Salt Lake City, UT, Nampa, ID and Fort Lupton, CO. BHS primarily serves the food processing and water treatment industries.

Sell -