NepFin DealWatch as of June 1, 2020

Jun 01, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding June 01, 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

  • MEI Rigging & Crating, backed by Dorilton Capital Advisors, acquired Adams Machinery Movers, an Ellenwood, GA-based provider of machinery moving and storage services
  • Partnerize, backed by Accel-KKR, acquired BrandVerity, a Seattle, WA-based provider of brand protection solutions for enterprise businesses
  • Lineage Logistics, backed by Bay Grove Capital, acquired Henningsen Cold Storage, a Hillsboro, OR-based provider of cold storage and warehousing services; BofA Securities and Credit Suisse advised on the transaction
  • Topspin Consumer Partners invested in reCommerce, a Deerfield Beach, FL-based full-service brand agency for Amazon-based businesses
  • LLR Partners acquired TrueLearn, a Moorseville, NC-based provider of online test preparation and data analytics to healthcare education and training institutions, from Kian Capital; DC Advisory advised on the transaction
  • Alpine SG invested in WorkSpace, a Newport Beach, CA-based software platform for commercial real estate management and decision analysis
  • Additional transactions

Consumer

  • SCB Global Java Holdings, backed by SCB Global Capital, acquired White Tale Coffee, a Denver, CO-based distributor of single-origin coffee through an e-commerce subscription platform
  • Additional transactions

Financial Services-1

  • Allworth Financial, backed by Parthenon Capital Partners, acquired Capstone Capital, a Cincinnati, OH-based investment advisory firm
  • AssuredPartners, backed by GTCR, acquired Cypress Insurance Group, a Fort Lauderdale, FL-based independent insurance agency
  • iA Financial Group acquired Innovative Aftermarket Systems, an Austin, TX-based provider of automotive warranties, vehicle services contracts, training, and related software and services, from Genstar Capital
  • Additional transactions

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Healthcare

  • AdaptHealth acquired (i) Solara Medical Supplies, a Chula Vista, CA-based direct-to-patient supplier of advanced diabetic devices from Linden Capital Partners, and (ii) ActivStyle, a Minneapolis, MN based distributor of incontinence and urological medical supplies, from The Riverside Company; Cain Brothers, Deutsche Bank Securities, RBC Capital Markets and Robert W. Baird & Co advised on the transaction
  • Additional transactions

Industrials

  • NSi Industries, backed by Odyssey Investment Partners, acquired Polaris Electrical Connectors, an Odessa, FL-based manufacturer of insulated electrical connectors
  • Thermogenics, backed by Ironbridge Equity Partners, acquired Yown’s Boiler & Furnace Service, a Jacksonville, FL-based provider of industrial boiler sales and services
  • Additional transactions

 

TMT

  • Turning Technologies, backed by Centre Lane Partners, acquired Knowbly, a San Rafael, CA-based developer of a cloud-based rapid authoring tool for creating digital courses and quizzes
  • Dairy.com, backed by Banneker Partners, acquired My Dairy Dashboard, a Frisco, TX-based developer of software and tools connects and visualizes dairy farm data from multiple sources, from Virtus Nutrition
  • Ankura, backed by Madison Dearborn Partners, acquired the Managed Detection and Response (MDR) business of UnitedLex, a portfolio company of CVC Capital Partners
  • Goldfinch Partners invested in Vesta, a Lake Oswego, OR-based provider of fraud protection and e-commerce payment solutions and services
  • 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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