NepFin DealWatch as of May 11, 2020

May 11, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding May 11, here are some of the most recent transactions. To see one of your deals featured, please submit the details here.

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Business Services

  • Cognizant acquired Collaborative Solutions, a Reston, VA-based consultancy specializing in Workday enterprise cloud applications for finance and human resources, from WestView Capital Partners
  • Bregal Sagemount invested in Corcentric, a Cherry Hill, NJ-based provider of business spend and revenue management software and services; BofA Securities and MidMarket Capital Advisors advised on the transaction
  • HCAP Partners, RLG Capital and Trinity Private Equity Group invested in eLearning Brothers, an American Fork, UT-based provider of corporate learning technology services to fund the acquisitions of (i) Trivantis, based in Deerfield Beach, FL and (ii) Edulence, based in Fairfield, NJ; both companies are providers of electronic learning software solutions
  • Education Growth Partners invested in Emtrain, a San Francisco, CA-based developer of software solutions for workplace culture outcomes; Signature Bank advised on the transaction
  • Cadre acquired Executive Travel Directors, a Chicago, IL-based provider of corporate event staffing services, from Elmore Companies
  • BluSky Restoration Contractors, backed by Dominus Capital, acquired HARBRO Emergency and Restoration, a Signal Hill, CA-based provider of mitigation, restoration and reconstruction services for commercial properties
  • ClearLight Partners invested in ICS, an Endicott, NY-based provider of managed IT services
  • AAVIN Private Equity and Konkordia Capital acquired Phoenix Loss Control, a Littleton, CO-based provider of infrastructure damage assessment and recovery services to utility, cable and telecommunications companies; Woodbridge International advised on the transaction
  • BV Investment Partners invested in StraighterLine, a Baltimore, MD-based provider of accelerated learning pathways to formal degree programs and industry credentials
  • Arcline Investment Management acquired Unitec Elevator Company, an Ozone Park, NY-based provider of maintenance, modernization, and code compliance services for elevator systems, from Pacific Avenue Capital Partners
  • Meriplex Communications, backed by Clairvest Group, acquired Vergent Communications, a Dallas, TX-based provider of managed IT and communication solutions and services
  • Additional transactions

Consumer

  • Sauer Brands, backed by Falfurrias Capital Partners, acquired Chicago Custom Foods, an Elk Grove, IL-based manufacturer of branded popcorn seasonings, from Highland Partners; BlackArch Partners and Lincoln International advised on the transaction
  • General Tools & Instruments, backed by High Road Capital Partners, acquired Garden Weasel, a Kansas City, MO-based manufacturer of branded garden supply products, from Faultless Brands
  • Latitude 27 Capital acquired JK Findings, a Rochester, NY-based designer, manufacturer and wholesaler of jewelry components; Route2 and TCF Capital Funding financed the transaction
  • Lion Capital acquired John Varvatos, a New York, NY-based men's lifestyle brand through the bankruptcy court; MMG Advisors advised on the transaction
  • Sonoma Brands acquired KRAVE, an Austin, TX-based producer of gourmet meat, poultry and plant-based protein snacks, from The Hershey Company
  • Additional transactions

Financial Services-1

  • Paragon Insurance Holdings, backed by Oak Hill Capital, has acquired the Trident Public Risk Solutions brand and business, from Argo Group
  • High Street Insurance Partners, backed by Huron Capital, acquired (i) Trust Shield Insurance Group, based in Schoolcraft, MI-based, (ii) Ken Bleeker Insurance Agency, based in Martin, MI, and (iii) Gates-Cole Associates, based in New Hartford, NY; the companies are independent insurance agencies
  • Additional transactions

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Healthcare

  • PointClickCare, backed by Dragoneer Investment Group and JMI Equity, acquired the analytics solution Co-Pilot, from Consonus Healthcare
  • Aspen Surgical, backed by Audax Private Equity, acquired Precept Medical Products, an Arden, NC-based producer of non-woven, single-use disposable protective medical apparel
  • Community Medical Services, backed by Clearview Capital, acquired Restorative Health and Recovery, a Kent, OH-based operator of office-based opioid treatment (OBOT) facilities
  • CareCentrix acquired Turn-Key Health, a Philadelphia, PA-based community-based palliative care company, from Consonance Capital Partners; Evercore advised on the transaction
  • Safeguard Medical, backed by Water Street Healthcare Partners, acquired Water-Jel Technologies, a Carlstadt, NJ-based supplier of emergency burn care products
  • Additional transactions

Industrials

  • Cimarron Energy acquired Aereon, an Austin, TX-based provider of emissions control solutions and services for energy and infrastructure market applications; both companies are backed by Turnbridge Capital
  • Creation Technologies, backed by Lindsay Goldberg, acquired Applied Technical Services, an Everett, WA-based provider of electronic manufacturing services
  • Boyne Capital acquired Pilot Power Group, a San Diego, CA-based provider of energy supply and management services to the commercial and industrial sectors
  • The Arcticom Group, backed by Backcast Partners and Goense Capital Partners, acquired RACE Engineering, a Garden Grove, CA-based provider of industrial refrigeration and HVAC installation services
  • Right Networks, backed by BV Investment Partners, acquired Rootworks, a Bloomington, IN-based provider of business tools and resources for accounting firms
  • Nivel, backed by Kelso Private Equity, acquired Seizmik, a Fuquay Varina, NC-based seller of aftermarket utility-terrain-vehicle (UTV) accessories
  • Sole Source Capital acquired Supply Chain Services, a Santa Monica, CA-based provider of automatic identification and data capture (AIDC) and factory automation solutions
  • AE Industrial Partners invested in ThayerMahan, a Groton, CT-based maritime technology company providing autonomous marine sensing solutions
  • Additional transactions

TMT

  • Triangle Digital Ventures acquired Covideo, an Indianapolis, IN-based developer of digital video communication software and services for sales and service professionals, from APCO Holdings; BTIG advised on the transaction
  • Astra Capital Management acquired DartPoints, a Dallas, TX-based owner and operator of edge colocation data centers
  • DFW Capital Partners invested in Intellisite Corporation, a Ceres, CA-based provider of advanced surveillance and monitoring solutions
  • Perimeter Solutions, backed by SK Capital Partners, acquired LaderaTech, an Englewood, CO-based biomaterials company focused on wildfire prevention and agriculture chemicals
  • Riverwood Capital invested in Sensor Tower, a San Francisco, CA-based provider of market intelligence and performance metrics for the mobile app ecosystem; JMP Securities advised on the transaction
  • Flexpoint Ford acquired sticky.io, a San Francisco, CA-based ecommerce platform for order management and recurring billing; First Analysis Securities Corporation advised on the transaction; Comvest Credit Partners financed the transaction
  • VertexOne, backed by DFW Capital Partners, acquired WaterSmart Software, a San Francisco, CA-based provider of customer analytics software for the water utility industry
  • Recurring Capital Partners invested in Xtiva Financial Systems, a Rockville Center, NY-based developer of sales performance management platform focused on the financial services industry
  • Digital Colony acquired (i) Beanfield Metroconnect, a Toronto, ON-based independent telecommunications infrastructure provider in Canada, and (ii) the metro network assets of Aptum Technologies, a Toronto, ON based provider of global hybrid cloud and managed services; RBC Capital Markets, SunTrust Robinson Humphrey and TD Securities financed the transaction
  • Kaufman Hall, backed by Madison Dearborn Partners, acquired Analytics Explorer, Performance Manager and other data solutions, from Change Healthcare; William Blair and Deutsche Bank advised on the transaction
  • 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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