M&A Deal Summary

Windjammer Capital Acquires Vital Records Control

On April 26, 2017, mezzanine finance firm Windjammer Capital acquired information services company Vital Records Control

Acquisition Highlights
  • This is Windjammer Capital’s 1st transaction in the Information Services sector.
  • This is Windjammer Capital’s 40th transaction in the United States.
  • This is Windjammer Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2017-04-26
Target Vital Records Control
Sector Information Services
Buyer(s) Windjammer Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Vital Records Control

Memphis, Tennessee, United States
Vital Records Control provides a suite of information governance services and solutions. The Company offers offsite records storage, climate-controlled storage, the release of information services, vaulting services for media backups, and destruction, services including mobile shredding, imaging services, records indexing services, and medical workflow solutions. VRC currently operates from more than 25 locations, with a focus on the Southeastern US, and serves customers in more than 30 states. Vital Records Control is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.

DEAL STATS #
Overall 40 of 48
Sector (Information Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 25 of 26
State (Tennessee) 1 of 2
Country (United States) 40 of 48
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Advanced Instruments

Norwood, Massachusetts, United States

Advanced Instruments is a designer, manufacturer, and marketer of laboratory test equipment and related consumables for use in clinical, food and dairy, microbiology, pharmaceutical, and biotech markets. With an array of technical competencies, including being the world’s foremost authority on the application of Freezing Point Depression technology for measuring the osmolality of solutions, AI serves thousands of end-users in over 90 countries under the Advanced Instruments, Fiske, and Mart Microbiology brands. Advanced Instruments was founded in 1955 and is based in Norwood, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 itel

Jacksonville, Florida, United States

itel is an insurance service provider that helps property insurance companies effectively settle claims worldwide. itel is committed to custom-fitting its service offering to meet the unique needs of each international insurance market. itel was founded in 1993 and is based in Jacksonville, Florida.

Sell -
Mergr

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