NepFin DealWatch as of April 27, 2020

Apr 27, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding April 27, here are some of the most recent transactions. To see one of your deals featured, please submit the details here.

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

 

Business Services

  • Schlesinger Group, backed by Gauge Capital, acquired 20|20 Research, a Nashville, TN-based provider of qualitative technology-led research services
  • Five Elms invested in ActiveProspect, an Austin, TX-based provider of consent-based marketing (opt-in leads) services
  • Top Gun Pressure Washing, Inc, backed by Osceola Capital, acquired Bob Popp Building Services, a Denver, CO-based provider of window cleaning services for commercial businesses
  • TriVest Partners invested in MGT Consulting Group, a Tampa, FL-based provider of high-value public sector management consulting and technology services
  • Heller Capital Group invested in PAAS Advisors, a Gibsonia, PA-based provider of procurement analytics and technologies
  • Additional transactions

Consumer

  • Sorfam Capital acquired Century Boats, a Zephyrhills, FL-based builder of luxury boats; Anchors Aweigh Capital advised on the transaction
  • Century Boats, backed by Sorfam Capital, acquired Vanquish Boats, a Newport, RI-based builder of luxury boats; Anchors Aweigh Capital advised on the transaction
  • Classic Collision, backed by New Mountain Capital, acquired Palm Collision Center, a North Lauderdale, FL-based independent body shop and vehicle repair center
  • Passport Foods, an Ontario, CA-based producer of branded ethnic food and backed by Skyview Capital, sold its House of Bee and Golden Pheasant brands and other assets located at its Kent, WA manufacturing facility to SAVr LLC
  • Additional transactions

Financial Services-1

  • Alera Group, backed by Genstar Capital, acquired Barkley Risk Management & Insurance, an Oxnard, CA-based provider of business and insurance risk services
  • Alera Group, backed by Genstar Capital, acquired Cambridge Benefit Solutions, a Chandler, AZ-based provider of employee benefits services
  • The Hilb Group, backed by The Carlyle Group, acquired a book of business and hired Business Unit President, Peter Tarmeyin, from CBIZ, a Cleveland, OH-based provider of financial, insurance and advisory services
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired Florida Southern Insurance, a Naples, FL-based property & casualty insurance agency
  • ORIX USA complete the sale of its portfolio company Mariner Investment Group, a New York, NY-based alternative asset manager specializing in fixed income securities, to its existing management
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Martin & Rowland Insurance, a Prospect, CT-based independent insurance agency
  • Flexpoint Ford invested in TigerRisk, a Stamford, CT-based a financial advisor to global insurance and reinsurance companies; TigerRisk Capital Markets & Advisory advised on the transaction
  • AssuredPartners, backed by GTCR, acquired Transportation Insurance Advisors, a Sanford, FL-based insurance brokerage firm
  • Northwest Plan Services, backed by WestView Capital Partners, acquired Venuti & Associates, a Los Altos, CA-based benefits and actuarial consulting firm
  • Additional transactions

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Healthcare

  • Shore Capital Partners formed Southern Orthodontics Partners, an orthdontoic practice platform and acquired (i) Barbieri Orthodontics and (ii) Reflections Orthodontics; both companies are Greater Nashville, TN-based orthodontics practices
  • Yukon Partners invested in Crossroads Treatment Centers, a Greenville, SC-based provider of treatment services for opioid dependent patients; the company remains a portfolio company of Revelstoke Capital Partners
  • Advarra, backed by Genstar Capital, acquired IRB Company, a Buena Park, CA-based provider of institutional review board (IRB) services
  • InnovaCare Health, backed by Summit Partners, acquired Trinity Medical Group, a Lakeland, FL-based provider of primary care services
  • Additional transactions

Industrials

  • American Track, backed by Hilltop Private Capital, invested in Savage Transportation Management, a Midvale, UT-based provider of railroad track inspection, maintenance, repair and construction services
  • ShoreView Industries invested in Victory Air and Equipment, a Victoria, TX-based distributor of abrasives, paint, blasting equipment and accessories, and replacement parts
  • Prometheus Group, backed by Genstar Capital, acquired WorkTech, a Cambridge, MA-based provider of consulting services for businesses in asset-intensive industries
  • Additional transactions

TMT

  • TapClicks, backed by Boathouse Capital, acquired AdStage, a San Francisco, CA-based provider of marketing and advertising intelligence solutions for campaign optimization
  • Edison Partners invested in Bodhala, a New York, NY-based data-intelligence and legal technology platform
  • Providence Strategic Growth invested in Next Glass, a Wilmington, NC-based provider of software to the beverage alcohol industry; Lumos Partners advised on the transaction
  • Five Elms invested in SingleOps, an Atlanta, GA-based provider of business management software for the outdoor service industry
  • Additional transactions

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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.

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