DealWatch: December 17, 2019

Dec 17, 2019

For the week preceding December 17, here are some notable deals in the lower middle market. For more deal information, click the category hyperlinks below. Additionally, if you'd like to see one of your deals featured in our newsletter, you may submit the details here.

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Business ServicesBusiness Services

  • Vivtera, backed by Warburg Pincus, has acquired Arise Virtual Solutions, a Miramar, FL based provider of business process management solutions, from Strait Lane Capital; Evercore advised on the transaction
  • Apax Partners has acquired Coalfire, a Westminster, CO based provider of cybersecurity advisory and assessment services, from The Carlyle GroupThe Chertoff Group, and Baird Capital; William Blair advised on the transaction
  • MSouth Equity Partners has acquired Nth Degree, a Duluth, GA based provider of exhibit management and event services, from Capitala Group and Gladstone Investment Corporation
  • Additional transactions


  • The Sterling Group has invested in Bad Boy, a Batesville, AR based manufacturer of zero-turn riding lawn mowers; Stephens advised on the transaction
  • Dos Rios Partners has acquired Greenology Products, a Raleigh, NC based manufacturer and distributor of natural home products; Dresner Partners advised on the transaction
  • Cult Capital has invested in LAWLESS Beauty, a Los Angeles, CA based provider of cosmetic products
  • Additional transactions


  • Complete Health, backed by Pharos Capital, has acquired Birmingham Internal Medicine Associates, a Birmingham, AL based provider of specialized and expanded primary care services
  • VSS has acquired Endo1 Partners, a Novato, CA based specialty dental services organization
  • Gryphon Investors has acquired Heartland Veterinary Partners, a Chicago, IL based veterinary support organization, from Tyree & D'Angelo Partners, who retains a minority investment; William Blair and Houlihan Lokey advised on the transaction; Varagon Capital Partners and NXT Capital provided financing for the transaction
  • Additional transactions


  • Arborview Capital has invested in Alpen High Performance Products, a Boulder, CO based designer and manufacturer of high efficiency windows, doors and commercial glass
  • McCarthy Capital has acquired Bigbelly, a Needham, MA based provider of smart waste solutions for public spaces; Stephens advised on the transaction
  • Tower Arch Capital has acquired Creedence Energy Services, a Minot, ND based provider of oilfield services and production chemicals; PPHB advised on the transaction; KeyBank provided financing for the transaction
  • Additional transactions


  • Growth Street has invested in HR Acuity, a Florham Park, NJ based provider of human resources management software
  • BISNOW Media, backed by The Wicks Group, has acquired SelectLeaders, a New York, NY based commercial real estate job board
  • 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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