NepFin DealWatch as of April 19, 2021

Apr 19, 2021

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding April 19, 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

  • Network Connex, backed by ORIX Capital Partners, acquired Advantage Engineers, a Columbia, MD-based provider of infrastructure design and engineering services; Truist Securities advised on the transaction
  • Lexitas, backed by Apax Partners, acquired Alaris, a St. Louis, MO-based provider of litigation support services
  • Onpoint Industrial Services, backed by The CapStreet Group, acquired CertifiedSafety, a League City, TX-based provider of safety solutions for the petrochemical industry, from HCI Equity Partners; the two companies will be merged; HCI Equity Partners will maintain an equity stake in the combined entity
  • American Safety Council, backed by Ridgemont Equity Partners, acquired Certified Training Institute, a Traverse City, MI-based provider of online professional licensure and continuing education services; Riverside Advisors and Normandy Advisors advised on the transaction
  • EveryAction, backed by Insight Partners, acquired GiveGab, an Ithaca, NY-based provider of fundraising campaign hosting services for nonprofits
  • Pye Barker Fire & Safety, backed by Leonard Green & Partners, acquired Haines City Fire, a Winter Haven, FL-based provider of fire protection services
  • The Planet Group, backed by MidOcean Partners, acquired I.T. Works Recruitment, an Atlanta, GA-based provider of recruitment services; Capital Alliance Corp. advised on the transaction
  • Sier Capital acquired LLK Greenhouse Solutions, a Strongsville, OH-based provider of design, build, and maintenance services for commercial greenhouses
  • A&R Logistics, backed by Wind Point Partners, acquired Luckey Trucking, a Streator, IL-based provider of transportation, warehousing, and logistics services to the chemical industry; KPMG advised on the transaction
  • Quench, backed by Advent International, acquired Magic Pure, a Chicago, IL-based provider of point-of-use drinking water systems
  • Amsive, backed by H.I.G. Capital, acquired OverflowWorks, a Murrieta, CA-based provider of marketing services
  • The Riverside Company invested in PPM Advisory Group, a Chatham, NJ-based provider of scientific operations and communications services to biopharmaceutical companies
  • Investcorp and Trilantic North America acquired RoadSafe Traffic Systems, a Chicago, IL-based provider of traffic control and pavement marking services, from ORIX Capital Partners
  • Bregal Sagemount invested in Scorpion, a Salt Lake City, UT-based provider of marketing software and services
  • Additional transactions

Consumer

  • SavATree, backed by CI Capital Partners, acquired Advanced Arboriculture by Arbor-Olin, a Birmingham, MI-based provider of tree care services
  • Free Fenix and NewSpring Franchise acquired Duck Donuts, a Mechanicsburg, PA-based operator of donut franchises
  • Dubin Clark invested in iROCKER, a Jacksonville, FL-based provider of watersports products; DHG Corporate Finance advised on the transaction
  • TZP Small Cap Partners acquired Kindred Bravely, an Oceanside, CA-based provider of maternity and nursing apparel; Objective Capital Partners advised on the transaction
  • El Car Wash, backed by Audrose Partners, Fireside Investments and Wafra, acquired Motor City Car Wash, a Royal Palm Beach, FL-based operator of car wash facilities
  • GO Car Wash, backed by Imperial Capital, acquired Riptide Auto Wash, a Corpus Christi, TX-based operator of car wash facilities
  • Hollander Sleep Products, will merge with SureFit Home Décor, an Alburtis, PA-based provider of slipcovers, bed protectors, home decor products and shower curtains; both companies are backed by Centre Lane Partners
  • L Catterton acquired West Marine, a Watsonville, CA-based provider of aftermarket watersports products and services, from Monomoy Capital Partners; Baird advised on the transaction; Barclays Bank, Golub Capital and Nomura financed the transaction
  • Additional transactions

Financial Services-1

  • DocuPhase, backed by LoneTree Capital, acquired Clearwater Payments, a Dallas, TX-based provider of payment processing services
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Dacey Insurance Agency, an East Greenwich, RI-based independent insurance agency
  • PCF Insurance Services, backed by HGGC, acquired East Coast Insurance Group, a Nokomis, FL-based independent insurance agency
  • High Street Insurance Partners, backed by Huron Capital, acquired (i) Hartzell Insurance Associates, a Hatfield, PA-based independent insurance agency, (ii) NYAB Insurance, a Long Island City, NY-based independent insurance agency, and (iii) Perry & Carroll Insurance, an Elmira, NY-based independent insurance agency
  • Abry Partners acquired High Street Insurance Partners, a Traverse City, MI-based provider of insurance brokerage services, from Huron Capital; Sica Fletcher advised on the transaction; Huron Capital will retain a minority stake in the company
  • Core Specialty, backed by SkyKnight Capital, acquired Lancer Insurance Company, a Long Beach, NY-based provider of insurance brokerage services; Dowling Hales, Waller Helms Advisors and J.P. Morgan advised on the transaction
  • The Hilb Group, backed by The Carlyle Group, acquired Parallel Risk Advisors, a Baltimore, MD-based provider of insurance consulting and advisory services
  • NFP, backed by Madison Dearborn Partners and Stone Point Capital, acquired The Schuster Group, a Farmington, CT-based provider of employee benefits consulting and brokerage services
  • Additional transactions

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Healthcare

  • BrightSpring Health Services, backed by KKR, acquired Abode Healthcare, a Durango, CO-based provider of home health and hospice service
  • GPS Dental, backed by The Firmament Group, acquired three providers of dental care services, (i) ADC of Joplin, based in Joplin, MO (ii) Hermitage Dental Group, based in Hermitage, TN, and (iii) Walnut Ranch Dental Spa, based in Ardmore, OK
  • Desert Highlands Regenerative acquired APEX Biologix, a Murray, UT-based designer and manufacturer of medical equipment
  • Katena Products, backed by Audax Private Equity, acquired ASICO, a Westmont, IL-based provider of ophthalmic surgical instruments
  • WindRose Health Investors acquired Bluestone Physician Services, a Stillwater, MN-based provider of on-site care and care coordination services; Houlihan Lokey and TripleTree advised on the transaction
  • Smile Brands, backed by Gryphon Investors, acquired Burmeister Atteberry Family & Cosmetic Dental, a Decatur, IL-based provider of dental care services
  • Pamlico Capital invested in Canadian Orthodontic Partners, a Toronto, ON-based provider of management services to orthodontic practices, from Sheridan Capital Partners; Houlihan Lokey advised on the transaction; Twin Brook Capital Partners financed the transaction
  • SPG, backed by Ridgemont Equity Partners, acquired Child Counseling & Behavior Therapy Clinic, an Encino, CA-based provider of applied behavior analysis and behavior intervention services
  • Akeso Medical Holdings, backed by Kain Capital, acquired HealthFirst Medical Group, a Santa Fe Springs, CA-based provider of occupational health services
  • Wellspring Capital Management acquired HealthPRO Heritage, a Hunt Valley, MD-based provider of therapy management and consulting services to long term care facilities, from BPOC; Cain Brothers advised on the transaction
  • Jet Health, backed by Health Enterprise Partners and SV Health Investors, acquired Hospice de la Luz, an Albuquerque, NM-based provider of hospice care services
  • Vitruvian Partners acquired KCAS Bioanalytical and Biomarker Services, a Shawnee, KS-based contract research organization serving the biotech, pharmaceutical, and animal health industries; Konza Valley Capital is making a significant reinvestment in the company
  • Endologix, backed by Deerfield Management, acquired PQ Bypass, a Milpitas, CA-based manufacturer of medical devices
  • Coronis Health, backed by 424 Capital, acquired Revenue Guard Claims Management, a Morganville, NJ-based provider of revenue cycle management services; Bryant Park Capital advised on the transaction
  • Altaris Capital Partners acquired Solesis, a Perkasie, PA-based provider of biomaterials, tools, and services for the life science industry
  • HealthEdge Investment Partners invested in Specialty Pharmacy Nursing Network, a Sarasota, FL-based provider of home infusion nursing services
  • Additional transactions

Industrials

  • ADDMAN Engineering, backed by American Industrial Partners, acquired 3rd Dimension Industrial Printing, a Westfield, IN-based provider of additive manufacturing and engineering services; Pin Oak Company advised on the transaction
  • Munch's Supply, backed by Ridgemont Equity Partners, acquired API of NH and Delta T, a Manchester, NH-based distributor of HVAC products
  • Rainier Partners acquired Calpine Containers, a Clovis, CA-based distributor of agriculture packaging products
  • Astara Capital acquired Cross City Lumber, a Cross City, FL-based manufacturer of lumber products; KeyBanc and M2O Private Fund Advisors financed the transaction
  • Empowered Ventures acquired Firstar Precision, a Brunswick, OH-based provider of production manufacturing services for the hydraulic and aerospace industries
  • Lignetics, backed by Taglich Private Equity, acquired Great Lakes Renewable Energy, a Hayward, WI-based manufacturer of wood pellets for home heating, BBQ Grills, and animal bedding; Generational Capital Markets advised on the transaction
  • Momentum Manufacturing Group, backed by Ironwood Capital, acquired H&M Metals, an Amherst, NH-based provider of sheet metal fabrication services
  • International Marine and Industrial Applicators, backed by J.F. Lehman & Company, acquired Main Industries, a Hampton, VA-based provider of preservation, scaffolding, and environmental containment services; Mensura Capital and Mensura Securities advised on the transaction
  • Demers Braun Crestline, backed by Clearspring Capital Group, acquired Medix Specialty Vehicles, an Elkhart, IN-based designer and manufacturer of ambulances, from LFM Capital; Lincoln International advised on the transaction
  • Raptor Scientific, backed by Graycliff Partners and L Squared Capital Partners, acquired TestVonics, a Peterborough, NH-based manufacturer of air data test sets and calibrators
  • Strength Capital Partners acquired Truesdell, a Tempe, AZ-based provider of concrete infrastructure maintenance and repair services, from Peninsula Capital Partners; D.A. Davidson advised on the transaction
  • Additional transactions

TMT

  • Zywave, backed by Aurora Capital Partners and Clearlake Capital, acquired Enquiron, a Boston, MA-based provider of risk management and business consultation services
  • KKR acquired Ensono, a Downers Grove, IL-based provider of IT services, from Charlesbank Capital Partners; Guggenheim Securities, UBS Investment Bank, Morgan Stanley & Co and RBC Capital Markets advised on the transaction
  • Primus Capital invested in LiquidityBook, a New York, NY-based provider of investment trading software; Innovation Advisors advised on the transaction
  • Insurity, backed by GI Partners, acquired Propellint, a Hartford, CT-based provider of insurance software
  • Siris Capital completed the sale of Transaction Network Services, a Reston, VA-based provider of connectivity and interoperability solutions, to Koch Equity Development; Evercore, Macquarie Capital, Credit Suisse and Rothschild & Company 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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