NepFin DealWatch as of April 06, 2020

Apr 06, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding April 06, here are some of the most recent transactions. To see one of your deals featured, please submit the details here.

DealWatch Header Image

NepFin is actively seeking primary and secondary financing opportunities as we continue to monitor market conditions in light of the COVID-19 pandemic.

 

Business Services

  • National Convenience Distributors (NCD), backed by Palm Beach Capital, acquired Allen Brothers Wholesale Distributors, a Philadelphia, PA-based wholesale distributor to the convenience and grocery store industry; existing portofolio companies J Polep Distribution Services and Harold Levinson Associates, will each become operating divisions of NCD
  • Charlesbank Capital Partners acquired News America Marketing, a New York, NY-based provider of shopper media, incentive platforms and custom merchandising services, from New Corp; Allen & Company and RBC Capital Markets advised on the transaction
  • Westbridge Capital acquired Scopes Facility Services, a Cartersville, GA-based provider of floor care and landscaping services; Woodbridge International advised on the transaction; Westbridge Capital Partners Income Trust financed the transaction
  • Additional transactions

Consumer

  • Jazwares, backed by Alleghany Capital Corporation, acquired Kellytoy, a Los Angeles, CA-based manufacturer of everyday and seasonal plush toys
  • The Bakery Companies, backed by Arbor Investments, acquired Steck Wholesale Foods, a North Sioux City, SD-based manufacturer and distributor or English muffins and biscuits
  • Additional transactions

Financial Services-1

  • NFP, backed by HPS Investment Partners, acquired Fiduciary Investment Advisors (FIA), a Windsor, CT-based investment consulting firm focused on retirement plan sponsors, institutional investment pools, non-profit organizations and private clients; FIA will be integrated under the DiMeo Schneider brand
  • Allworth Financial, backed by Parthenon Capital Partners, acquired Houston Asset Management, a Houston, TX-based financial planning and investment advisory firm
  • AmeriLife Group, backed by Thomas H. Lee Partners, acquired Jack Schroeder & Associates, a Green Bay, WI-based insurance marketing organization
  • HGGC acquired PCF Insurance Services, a Woodland Hills, CA-based insurance brokerage firm; Sica Fletcher, TAG Financial Institutions Group and Waller Helms Advisors advised on the transaction
  • CCG IQ, backed by Carousel Capital, acquired The UIS Group, a Windsor, CT-based provider of underwriting reporting services for commercial insurance products
  • Additional transactions

Sign up for our weekly DealWatch briefing

Healthcare

  • StatLab Medical Products, backed by Cressey & Company, acquired BBC Biochemical, a Mount Vernon, WA-based chemical supply company focused on clinical and research laboratories
  • TSG Consumer Partners acquired Pathway Vet Alliance, an Austin, TX-based provider of veterinary care and support services, from Morgan Stanley Capital Partners; Harris Williams advised on the transaction
  • Council Capital acquired Physician Housecalls, a Chickasha, OK-based provider of home-based primary care services at private residences, assisted living centers, and independent senior apartments
  • New Capital Partners acquired TeleHealth Solution, a Charlotte, NC-based provider of turnkey telemedicine technology; B. Riley FBR advised on the transaction
  • Additional transactions

Industrials

  • CMI, backed by Capital Partners, acquired Engineered Plastic Systems, an Elgin, IL-based manufacturer of high-density polyethylene (HDPE) board; SLATE Partners advised on the transaction
  • Stone Canyon Industries Holdings acquired Kissner Ice Melters and Salt, a Kitchener, ON-based producer and distributor of bulk salt, specialty salt and evaporated salt products, from Metalmark Capital and Silvertree‐KMC (a venture between Silverhawk Capital Partners and Demetree Salt); Harris Williams advised on the transaction
  • Black Bear Transmission, backed by Basalt Infrastructure Partners, acquired Ozark Natural Gas Transmission, a Houston, TX-based an operator of a interstate natural gas pipeline transportation system, from Enbridge
  • Bain Capital and Pine Island Capital Partners acquired Precinmac Precision Machining, a Guleph, ON-based manufacturer of high tolerance precision machined components and assemblies, from GenNx360 Capital Partners; Alantra and Houlihan Lokey advised on the transaction
  • KKSP Precision Machining, backed by Mill Point Capital, acquired Prime Engineered Components, a Watertown, CT-based manufacturer of aluminum, brass and stainless steel metal components
  • Morgan Stanley Infrastructure Partners acquired Seven Seas Water, a Tampa, FL-based provider of outsourced water treatment and wastewater treatment and reuse solutions, from AquaVenture Holdings; the transaction was a part of Culligan's acquisition of AquaVenture Holdings
  • Calera Capital acquired Thayer Power & Communication, a Columbus, OH-based provider of repair, maintenance, and upgrade services for the utility and telecommunications industries
  • Alleghany Capital Corporation acquired Wilbert Funeral Services, an Overland Park, KS-based provider of products and services for the funeral and cemetery industries and precast concrete markets; Dinan & Company advised on the transaction
  • Additional transactions

TMT

  • Pythian Services, backed by Mill Point Capital, acquired Agosto, a Minneapolis, MN-based Google Cloud Premier Partner and cloud services and development company
  • Aurea Software, backed by ESW Capital, acquired BroadVision, a Redwood City, CA-based developer of document creation, management and collaboration tools
  • Thoma Bravo acquired Command Alkon, a Birmingham, AL-based supplier collaboration platform for the construction industry, from Quilvest Capital Partners; William Blair advised on the transaction
  • AlleyCorp acquired Meetup, a New York, NY-based social media platform focused on connecting people in person or online, from WeWork
  • Additional transactions

investment_criteria_v2

 

NepFin DealWatch Lookback

Deal information described in DealWatch is obtained from publicly available sources or as communicated to NepFin without restrictions on confidentiality. NepFin makes efforts to ensure the information provided is accurate as of the date of its collection, but NepFin cannot guarantee that there will be no errors. NepFin makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletter and expressly disclaims liability for errors and omissions in the contents of this newsletter.

Recent Posts

NepFin DealWatch Lookback

Sign up for our weekly DealWatch briefing