NepFin DealWatch as of August 10, 2020

Aug 10, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding August 10, 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

  • SearchSpring, backed by Scaleworks, acquired 4-Tell, a Portland, OR-based provider of AI-powered personalization services
  • Surge Private Equity invested in All About Learning Press, an Eagle River, WI-based publisher of home-school curriculum
  • IMB Partners acquired Ashburn Consulting, a Leesburg, VA-based provider of network and security engineering services for government and commercial clients; Trafalgar Capital Partners advised on the transaction
  • Presidio, backed by BC Partners, acquired Coda Global, a Southlake, TX-based provider of cloud consulting services
  • Power Digital Marketing, backed by Periscope Equity, acquired Covet Public Relations, a San Diego, CA-based public relations firm specializing in consumer brands across food, beverage, beauty and wellness
  • ASG, backed by Alpine Investors, acquired extendedReach, a Littleton, CO-based developer of case management software for child and family social service agencies; the company merged with existing ASG portfolio company, KaleidaCare following the acquisition
  • HaystackID, backed by Quad-C Management, acquired NightOwl Global, a Minneapolis, MN-based provider of corporate law department enterprise data services; BMO Capital Markets advised on the transaction
  • ThayerMahan, backed by AE Industrial Partners, acquired Ocean Acoustical Services and Instrumentation Systems (OASIS), a Lexington, MA-based provider of consulting services focused on underwater acoustic sensing technology
  • TPC Training, backed by Frontenac, acquired Simutech Multimedia, an Ottawa, ON-based provider of simulation based training for maintenance and operations professionals
  • Architect Equity acquired Solution Net Systems, a Quakertown, PA-based provider of automated logistic system services
  • Genstar Capital acquired SONNY'S Direct, a Tamarac, FL-based manufacturer of conveyor car wash systems, parts and supplies, from Sentinel Capital Partners; Owl Rock financed the transaction
  • Wavecrest Growth Partners invested in Volante Technologies, a Jersey City, NJ-based provider of payments and financial messaging solutions
  • Additional transactions

Consumer

  • TSG Consumer Partners invested in American Technologies, an Anaheim, CA-based provider of restoration, environmental remediation, and reconstruction services for commercial and residential customers
  • Clean Streak Ventures, backed by MKH Capital Partners, acquired Bay Breeze Car Wash, a Tampa, FL-based operator of express car wash centers
  • Noble Foods, backed by Novacap, acquired the co-packing business and assets of Betty Lou's, based in McMinnville, OR; Turning Point Consulting advised on the transaction
  • Fix-It 24/7, backed by New Harbor Capital, acquired Builder’s Heating and Air Conditioning, a Denver, CO-based provider of HVAC services
  • Tasty Restaurant Group, backed by Triton Pacific Capital Partners, acquired five Burger King locations operating in Iowa
  • Novacap acquired FortNine, a Montreal, QC-based e-commerce distributor of powersports gear, accessories and parts; PJ SOLOMON advised on the transaction
  • WM Partners acquired Great Lakes Gelatin, a Grayslake, IL-based provider of collagen and gelatin products
  • Crestview Partners invested in Viad Corp, a Phoenix, AZ-based provider of travel, vacation and event related services; Moelis & Company and Jefferies advised on the transaction
  • Additional transactions

Financial Services-1

  • Integrity Marketing Group, backed by Harvest Partners and HGGC, acquired Agent Force, a Kennesaw, GA-based insurance marketing organization
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired Bowermaster and Associates, a Cypress, CA-based independent property and casualty insurance agency
  • Worldwide Facilities, backed by Genstar Capital, acquired Clearwater Underwriters, a Clearwater, FL-based surplus lines managing general agent; PhiloSmith & Company and Marsh Berry & Company advised on the transaction
  • One Inc., backed by Great Hill Partners, acquired Invenger Technologies, a Simi Valley, CA-based provider of digital payments solutions for property & casualty insurance carriers
  • Easterly Partners invested in James Alpha Advisors, a New York, NY-based asset management firm specializing in REITs and liquid alternative portfolio solutions
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired JF Murray Co., a Point Pleasant, NJ-based independent insurance agency
  • Terminus Capital Partners and Tritium Partners invested in Katabat, a Wilmington, DE-based provider of debt management software solutions for lenders, fintechs, and collection agencies
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Loveman, Kornreich & Steers, Inc., a White Plains, NY-based insurance brokerage firm; First Manhattan Consulting Group advised on the transaction
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Novak Agency Insurors, a Largo, FL-based independent commercial insurance agency; Scali Group advised on the transaction
  • SkyKnight Capital acquired Patra, an El Dorado Hills, CA-based provider of technology-enabled solutions to the insurance industry
  • Nassau Point Investors invested in REDD Intelligence, a New York, NY-based online fixed-income intelligence and analytics platform focused on the emerging markets
  • NFP, backed by Madison Dearborn Partners, acquired Reilly Benefits, a Churchton, MD-based employee benefits broker
  • Mercer Advisors, backed by Genstar Capital and Oak Hill Capital, acquired Summit Wealth Advisors, a Fisco, CO-based operator of a wealth management firm
  • Additional transactions

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Healthcare

  • Integrated Rehab Consultants, backed by Webster Equity Partners, acquired Associated Physicians of Rehabilitation, a Chicago, IL-based physiatry practice
  • Proud Moments ABA, backed by Audax Private Equity, acquired Autism & Behavior Consulting Services, a Nashville, TN-based provider of behavioral therapy services for children diagnosed with Autism Spectrum Disorder
  • Foot & Ankle Specialists of the Mid-Atlantic, backed by New Mainstream Capital, acquired Chapel Hill Foot and Ankle Associates, a Chapel Hill, NC-based provider of podiatry care
  • Bay State Physical Therapy, backed by Calera Capital, acquired Comprehensive Physical Therapy, a West Brookfield, MA-based provider of outpatient physical therapy services
  • Traditions Health, backed by Dorilton Capital Advisors, acquired (i) Embrace Hospice of Georgia, based in Lawrenceville, GA, and (ii) Faith Hospice of Oklahoma, based in Norman, OK; both companies are providers of hospice care
  • ClareMedica, backed by Beecken Petty OKeefe & Company, acquired (i) Gardens Family Practice, a Palm Beach Gardens, FL-based group of medical practices focused on primary care, and (ii) North Armenia Medical Center, a Tampa, FL based medical practice focused on primary care
  • Pinnacle Dermatology, backed by Chicago Pacific Founders, acquired Gary D. Waldman Dermatology, a Monroe, NC-based dermatology clinic
  • Tricity Pain Associates, backed by Spindletop Capital, acquired Hill Country Pain Associates, a San Antonio, TX-based comprehensive pain management practice
  • ReMed, backed by Baird Capital, acquired Learning Services, a Lawrenceville, GA-based provider of brain injury rehabilitation and care services
  • EyeSouth Partners, backed by Shore Capital Partners, acquired Retina Associates of Middle Georgia, a Macon, GA-based ophthalmology practice
  • Additional transactions

Industrials

  • ERI Solutions, backed by Spire Capital, acquired DBI, a Lenexa, KS-based provider of non-destructive testing and inspection services to oil & gas, power and other similar infrastructure industries; Bridgepoint Investment Banking advised on the transaction
  • MiddleGround Capital acquired DURA Automotive Systems, an Auburn Hills, MI-based designer and manufacturer of highly engineered automotive systems, from Bardin Hill Investment Partners
  • Turnspire Capital Partners acquired Goodyear Air Springs, a Fairlawn, OH-based provider of premium air springs for trucks, trailers, buses, and specialty vehicles, from EnPro Industries
  • US LBM Holdings, backed by Kelso Private Equity, acquired Maner Builders Supply, an Augusta, GA-based distributor of residential and commercial building supplies to the construction industry; Heritage Capital Group advised on the transaction
  • PolyVision, backed by Industrial Opportunity Partners, acquired Marsh Industries Inc., a New Philadelphia, OH-based manufacturer of visual board products
  • Battle Investment Group acquired Metal Finishing Technologies, a Bristol, CT-based provider of metal finishing services for aerospace engines and industrial equipment; XLCS Partners advised on the transaction
  • SER Capital Partners invested in Microgrid Networks, a New York, NY-based advanced distributed power company; Metric Point Capital advised on the transaction
  • Platform Partners invested in Process Service Specialists, a Gonzales, LA-based provider specialty mechanical contractor services to petrochemical and refining complexes along the Gulf Coast
  • Court Square acquired RailPros Field Services, an Irving, TX-based provider of engineering and field services for the railroad industry, from Bow River Capital Partners
  • The Sterling Group formed Frontline Road Safety, a new platform for road safety services, and acquired Stripe-A-Zone, a Grand Prairie, TX-based provider of pavement marking and striping services
  • Gen Cap America acquired TFM Services, a Wichita, KS-based provider of maintenance services
  • Arlington Capital Partners acquired the composites business of Triumph Group; Lazard advised on the transaction
  • Additional transactions

 

TMT

  • RPI Print, backed by HCAP Partners and Riverlake Partners, acquired Blurb, a San Francisco, CA-based provider of a self-publishing platform designed to offer book publishing services
  • EverWatch, backed by Enlightenment Capital, acquired BrainTrust, an Annapolis Junction, MD-based provider of technology solutions
  • GI Partners acquired Clinical Ink, a Horsham, PA-based provider of clinical trial technology and solutions, from NovaQuest Capital Management; Baird advised on the transaction
  • Invicta Group, backed by Cold Bore Capital, acquired the security guarding business of Helix Technologies; Security ProAdvisors advised on the transaction
  • MRI Software, backed by GI Partners, Harvest Partners and TA Associates, acquired MacMunnis, a Chicago, IL-based developer of lease administration software; UBS advised on the transaction
  • OceanSound Partners invested in Netrix, a Bannockburn, IL-based provider of IT services for small and medium-size businesses and enterprise companies; Raymond James Financial advised on the transaction
  • Frontier Growth invested in ServiceTrade, a Durham, NC-based developer of commercial field service management software; Canaccord Genuity 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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