NepFin DealWatch as of May 4, 2020

May 04, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding May 04, 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

  • Assurance Software, backed by Resurgens Technology Partners, acquired Avalution Consulting, a Cleveland, OH-based provider of business continuity consulting and solutions
  • Banyan Technology Group acquired Imperial Marketing, a Southfield, MI-based provider of outcome-driven marketing solutions for promotional and branded products; P&M Corporate Finance advised on the transaction
  • Cove Hill Partners acquired Kalkomey Holdings, a Dallas, TX-based provider of online recreational safety education for government agencies and outdoor enthusiasts, from Inverness Graham Investments; Harris Williams advised on the transaction
  • Main Street Capital acquired Pearl Meyer & Partners, a Wellesley, MA-based provider of executive compensation consulting services, benchmarking data and surveys
  • Transaction Services Group, backed by Advent International, acquired TrueCoach, a Boulder, CO-based developer of software for personal trainers and boutique fitness studios
  • Additional transactions

Consumer

  • Engage Brands acquired Boston Market, a Golden, CO-based chain of American fast casual restaurants, from Sun Capital Partners; Piper Sandler and Macinack Advisors advised on the transaction
  • RV Retailer, backed by Redwood Capital, acquired Cousins RV, a Denver, CO-based RV retailer and dealership
  • Spectrum Equity invested in OurFamilyWizard, a Minneapolis, MN-based provider of co-parenting applications and tools
  • MPK Equity Partners and Princeton Equity Group invested in Restoration1, a Toronto, ON-based provider of property restoration services and its sister-franchise, Bluefrog Plumbing + Drain, a Waco, TX-based provider of plumbing and plumbing installation services
  • Roadrunner Holdings, a platform backed by American Pacific Group for acquiring sports nutrition brands, acquired SaltStick, a Malibu, CA-based producer of electrolyte replenishment supplements
  • Engaged Capital and Oaktree Capital Management invested in SunOpta, a Missuaga, ON-based producer of plant-based foods and beverages
  • Altair Acquisitions acquired Wildtree, a Lincoln, RI-based manufacturer of spices, sauces, and other meal replacement products; Larx Advisors advised on the transaction
  • Additional transactions

Financial Services-1

  • Hefferman Insurance Brokers, backed by SkyKnight Capital, acquired Contractors Insurance NW, an Olympia, WA-based independent commercial contractor insurance agency
  • SS&C Technologies acquired Innovest Systems, a New York, NY-based developer of trust and management technology software for the financial services industry, from Bluff Point Associates
  • Additional transactions

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Healthcare

  • The Columbus Organization, backed by HealthEdge Investment Partners, acquired Community Support Network, a St. Petersburg, FL-based provider of support coordination services for individuals with disabilities
  • HealthpointCapital acquired IlluminOss Medical, an East Providence, RI-based developer of minimally invasive technology for fracture repair and stabilization
  • Altaris Capital Partners has acquired Kindeva Drug Delivery, formerly 3M Drug Delivery Systems, a St. Paul, MN-based contract development and manufacturing organization focused on complex drug delivery systems, 3M remains a investor; Monroe Capital financed the transaction
  • Additional transactions

Industrials

  • AE Industrial Partners acquired Adcole Maryland Aerospace, a Crofton, MD-based designer and manufacturer of spacecraft components and small satellites, from Artemis Capital Partners; Mesirow Financial and PwC advised on the transaction
  • KPS Capital Partners acquired the the Lufkin rod lift solutions business of Baker Hughes, a Missouri City, TX-based provider of rod lift products, technologies, services and solutions; assets will be transfered to an affiliate of KPSSimmons EnergyCiti and Tudor Pickering Holt & Company advised on the transaction
  • Performance Systems Integration, backed by The Riverside Company, acquired Basic Fire & Safety, a Tacoma, WA-based fire and life safety platform
  • Veregy, backed by Bow River Capital, acquired Four Star Fabricators and Service Company, a provider of mechanical contracting services, and its sister-franchie, Four Star Mechanical, a provider of plumbing services and related water implementation services; both companies are based in Savoy, TX
  • Mistubishi Chemical acquired Gelest, a Morrisville, PA-based manufacturer and supplier of silicones, organosilanes, metal-organics, and specialty monomers for technology applications, from New Mountain Capital
  • ECM Industries, backed by Sentinel Capital Partners, acquired ILSCO, a Cincinnati, OH-based manufacturer of electrical connectors, tools and accessories
  • Provariant Equity Partners acquired Midwest Equipment Sales, a Columbus, OH-based technology-enabled specialty distributor of outdoor products for both home and professional uses; Footprint Capital advised on the transaction; Centerfield Capital Partners, First Merchants Bank and Tecum Capital Management financed the transaction
  • Macquarie Capital acquired Multifuels Midstream, a Houston, TX-based differentiated power and utility infrastructure platform for lateral natural gas pipelines; Warren Equity Partners remains a minority investor
  • Vander-Bend Manufacturing, backed by Alterian Investment Partners, acquired TMK Manufacturing, a Santa Clara, CA-based provider of specialty prototyping and precision machining; VERCOR advised on the transaction
  • Additional transactions

TMT

  • Fintech, backed by Luminate Capital Partners and TA Associates, acquired Armadillo Insight, a Burlington, WA-based provider of sales and marketing intelligence for the beer and wine industry
  • American Virtual Cloud Technologies acquired Computex Technology, a Houston, TX-based IT solutions and managed services provider, from Navigation Capital Partners
  • FTV Capital invested in Docupace, a Los Angeles, CA-based provider of cloud-based digital operations software for wealth management firms
  • Syndigo, backed by The Jordan Company, acquired Kwikee, a Peoria, IL-based management and distribution platform for branded product content, from sgsco
  • KKR invested in o9 Solutions, a Dallas, TX-based provider of AI solutions for sales, supply chains and integrated business planning; Mizuho Securities advised on the transaction
  • CentriLogic, backed by Long Point Capital and TriSpan, acquired ObjectSharp, a Toronto, ON-based provider of cloud-native development and application services; Tequity advised on the transaction
  • Great Hill Partners invested in Paytronix Systems, a Newton, MA-based provider of SaaS customer experience management (CXM) solutions for restaurants and convenience stores; Silicon Valley Bank financed the transaction
  • Orion Innovation, backed by One Equity Partners, acquired Tekmark Global Solutions, an Edison, NJ-based provider of information technology, telecom services, and other technology business solutions
  • 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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