NepFin DealWatch as of December 07, 2020

Dec 07, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding December 07, 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

  • Alliance Source Testing, backed by Align Capital Partners, acquired Almega Environmental, a Cypress, CA-based provider of source emissions testing services
  • ettain group, backed by Alvarez & Marsal Capital, acquired Centerline Partners, a Beverly, MA-based provider of management consulting services
  • TRIMEDX, backed by Prettybrook Partners and TowerBrook Capital Partners, acquired Centurion Service Group, a Franklin Park, IL-based provider of surplus medical equipment management services, from 1315 Capital; TripleTree advised on the transaction
  • TPC Training, backed by Frontenac, acquired eFoodHandlers, a Portland, OR-based provider of accredited food safety training services
  • Seaport Capital acquired Exacom, a Concord, NH-based provider of multimedia logging and recording services
  • Vector Capital acquired Mood Media, an Austin, provider of in-store customer experience media solutions; PJ SOLOMON advised on the transaction
  • Asset Living, backed by Trilantic North America, acquired Poetic Digital, a Houston, TX-based provider of web and app development, digital marketing, and project management services
  • Serent Capital invested in Procurement Partners, a Brookfield, WI-based provider of procurement and invoicing software for healthcare providers; Triple Tree advised on the transaction
  • TRC Companies, backed by New Mountain Capital, acquired Shoener Environmental, a Dickson City, PA-based provider of consulting services related to renewable energy projects
  • KnowFully Learning Group, backed by NexPhase Capital, acquired The Income Tax School, a Glen Allen, VA-based provider of training programs and continuing education for tax professionals
  • New Mountain Capital invested in Tinuiti, a New York, NY-based provider of performance marketing services, from Mountaingate Capital
  • FMG Suite, backed by Aurora Capital Partners, acquired Twenty Over Ten, a State College, PA-based provider of digital marketing services to finance professionals
  • HES Facilities, backed by Nautic Partners, acquired (i) WFF Facility Services, a St. Louis, MS-based provider of custodial, grounds, and facility maintenance services to educational institutions, and (ii) Clean-Tech, a St. Louis, MS-based provider of building services; Hennepin Partners advised on the transaction; BMO Sponsor Finance financed the transaction
  • Additional transactions

Consumer

  • MidOcean Partners acquired FullSpeed Automotive, a Greenwood Village, CO-based provider of aftermarket automotive services, from CenterOak Partners; Harris Williams advised on the transaction
  • L Catterton invested in Function of Beauty, a New York, NY-based provider of hair, skin, and body care products; existing investors CircleUp and GGV Capital reinvested in the round
  • New State Capital Partners acquired KMS, a Wichita, KS-based wholesale distributor of closeout, overstock, and factory refurbished merchandise
  • Entrepreneurial Equity Partners invested in Salm Partners, a Denmark, WI-based manufacturer of fully cooked sausages and hot dogs
  • Additional transactions

Financial Services-1

  • York Capital Management acquired F1 Payments, an Austin, TX-based provider of payments technology and services
  • Ziegler Capital Management acquired GIA Partners, a New York, NY-based asset manager focused on fixed income and credit strategies
  • Thomas H. Lee Partners invested in HighTower, a Chicago, IL-based provider of wealth management services; THL will maintain its position as Hightower's lead investor
  • Alera Group, backed by Genstar Capital and The Carlyle Group, acquired Legacy Risk & Insurance Services, a Walnut Creek, CA-based provider of property and casualty insurance services
  • Alera Group, backed by Genstar Capital and The Carlyle Group, acquired Lighthouse Group, a Grand Rapids, MI-based independent insurance agency; MarshBerry Capital advised on the transaction
  • Relation Insurance Services, backed by Aquiline Capital Partners, acquired Mertz Insurance Group, an Omaha, NE-based independent insurance agency
  • Heffernan Insurance Brokers, backed by SkyKnight Capital, acquired Truckee Community Insurance Services, a Truckee, CA-based independent insurance agency
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Tucker Insurance Service, a Falls Church, VA-based independent insurance agency
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired V.R. Williams & Company, a Winchester, TN-based independent insurance agency
  • Additional transactions

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Healthcare

  • DuvaSawko, backed by Varsity Healthcare Partners, acquired abeo Management, a Dallas, TX-based provider of outsourced RCM and practice management services to anesthesia practices, from Parthenon Capital Partners; Houlihan Lokey advised on the transaction; Twin Brook Capital Partners financed the transaction
  • Zimmer Biomet acquired A&E Medical, a Farmingdale, NJ-based provider of musculoskeletal healthcare services, from Vance Street Capital; Stephens advised on the transaction
  • AdaptHealth acquired AeroCare Holdings, an Orlando, FL-based provider of home healthcare equipment and medical supplies, from Peloton Equity and SkyKnight Capital; Morgan Stanley & Co, Jefferies and Truist Securities advised on the transaction
  • Family Treatment Network, backed by Pharos Capital Group, acquired Catalyst Behavioral Solutions, a Layton, UT-based provider mental and behavioral health services
  • Charlesbank Capital Partners formed Bridges Consumer Healthcare, a consumer healthcare platform and acquired the North American rights to ThermaCare HeatWraps from GSK Consumer Healthcare; William Blair & Company advised on the transaction
  • Traditions Health, backed by Dorilton Capital, acquired Harbor Light Hospice, a Winfield, IL-based provider of hospice services; Healthcare Consulting advised on the transaction
  • Evolution Capital Partners invested in Health Technologies, a Saint Louis, MO-based provider of dietitian consulting services to long term care facilities
  • Silversmith Capital Partners invested in Market Access Transformation, a Short Hills, NJ-based provider of technology and services to life science companies
  • Smile Brands, backed by Gryphon Investors, acquired Midwest Dental, a Mondovi, WI-based provider of dental care services, from FFL Partners; Harris Williams advised on the transaction
  • Allied Dental, backed by Riverside Partners, merged with PG Dental, a provider of dental practice management services backed by TriSpan; Ernst & Young Capital Advisors and Raymond James & Associates advised on the transaction
  • LuminUltra, backed by XPV Water Partners, acquired Source Molecular, a Miami Lakes, FL-based provider of pathogen testing, mapping, and forensics for water, soil, surfaces, and air
  • H.I.G. Growth Partners invested in The Center For Digestive Health, a Rochester Hills, MI-based provider of gastroenterology care services; KPMG advised on the transaction; Deerpath Capital Management financed the transaction
  • Motion Dynamics, backed by Vance Street Capital, acquired ViaMed Holdings, a manufacturer of components and subassemblies for the medical device industry
  • Signant Health, backed by Foresite Capital and Genstar Capital, acquired VirTrial, a Scottsdale, AZ-based provider of software solutions for remote site startup and decentralized clinical trial conduct, from Kinderhook Industries
  • Additional transactions

Industrials

  • Audax Private Equity acquired 48forty, an Alpharetta, GA-based supplier of recycled pallets and related services, from Grey Mountain Partners; Piper Sandler and BlackArch Partners advised on the transaction
  • Asgard Partners & Co acquired Angstrom Technology, a Grand Rapids, MI-based provider of cleanroom build, design, and maintenance services; Charter Capital Partners advised on the transaction; Modern Bank and The Firmament Group financed the transaction
  • BrandSafway, backed by Ardian and Clayton, Dubilier & Rice, acquired Big City Access, a Houston, TX-based provider of scaffolding and other access solutions, from Rock Hill Capital; TKO Miller advised on the transaction
  • Crossplane Capital acquired Griffin Dewatering, a Houston, TX-based provider of groundwater control solutions
  • AMPORTS, backed by InstarAGF Asset Management, acquired Horizon Terminal Services, a Doral, FL-based provider of marine terminal automotive logistics services
  • Recochem, backed by H.I.G. Capital, acquired KOST USA, a Cincinnati, OH-based manufacturer and marketer of coolants
  • Altair Investments acquired the the barrels and screws product line from Nordson
  • Polycor, backed by TorQuest Partners, acquired North Carolina Granite Corporation, a Mount Airy, NC-based producer of granite for the construction, curbing, and aggregate industries
  • ACON Investments acquired Novipax, an Oak Brook, IL-based provider of food packaging services, from Atlas Holdings; the trays business is not included in the transaction and will now be known as NPX ONE; Houlihan Lokey advised on the transaction
  • Spectrum Plastics Group, backed by AEA Investors, acquired PeelMaster, a Niles, IL-based converter of sterile flexible packaging to the medical device market
  • Paceline Equity Partners acquired Quick Fitting, a Warwick, RI-based manufacturer and supplier of connection and fitting devices
  • Merit Capital Partners and MFG Partners acquired Storage Solutions, a Westfield, IN-based provider of warehouse design, equipment procurement, and installation services
  • Race Rock Group acquired Structural & Steel Products, a Fort Worth, TX-based manufacturer of infrastructure products, from Highland Capital Management; Woodforest National Bank financed the transaction
  • Profile Products, backed by Incline Equity Partners, acquired Sunterra Horticulture, a Winnipeg, MB-based producer of sphagnum peat moss
  • ProAmpac, backed by Pritzker Private Capital, acquired The Rosenbloom Groupe, a Montreal, QC-based manufacturer of packaging products
  • Spartech, backed by Nautic Partners, acquired Tufpak, an Ossipee, NH-based manufacturer of engineered plastic films
  • Emerald Electronic Manufacturing Services, backed by New Water Capital, acquired (i) Veris Manufacturing based in Brea, CA, and (ii) Saline Lectronics based in Saline, MI; both provide electronic contract manufacturing services; DGP Capital advised on the transaction
  • Additional transactions

TMT

  • Exterro, backed by Leeds Equity Partners, acquired AccessData, an Orem, UT-based provider of digital forensic investigation software; JMP Securities advised on the transaction
  • Insight Partners invested in CommerceHub, an Albany, NY-based provider of ecommerce solutions for enterprise retailers and brands; CommerceHub's existing investors, GTCR and Sycamore Partners, will continue as investors in the company
  • Lexipol, backed by The Riverside Company, invested in Cordico, a Gold River, CA-based provider of mobile health and wellness applications
  • Supply Chain Services, backed by Sole Source Capital, acquired Coridian Technologies, a Chanhassen, MN-based provider of product identification and data collection solutions
  • The Vistria Group acquired Edmentum, a Bloomington, MN-based provider of education technology and products; BMO Capital Markets and Macquarie Capital advised on the transaction
  • Imprivata, backed by Thoma Bravo, acquired FairWarning, a Clearwater, FL-based provider of data privacy software, from Mainsail Partners
  • Greater Sum Ventures acquired Fattmerchant, an Orlando, FL-based provider of payment processing software, from Fulcrum Equity Partners; William Blair & Company advised on the transaction
  • Thoma Bravo acquired Flexera, an Itasca, IL-based provider of technology consulting services; Flexera’s existing shareholders TA Associates and Ontario Teachers’ Pension Plan Board will continue to hold a meaningful stake in the business; Barclays, BofA Securities and UBS advised on the transaction
  • Ntiva, backed by Southfield Capital, acquired Forget Computers, a Chicago, IL-based provider of Apple technology support services
  • TimeClock Plus, backed by Providence Equity Partners, acquired Humanity, a San Francisco, CA-based provider of employee scheduling software; Deutsche Bank advised on the transaction
  • Gimmal, backed by Rubicon Technology Partners, acquired Infolinx, a Kensington, MD-based provider of records and information management software; DecisionPoint and Madison Park Group advised on the transaction
  • New Charter Technologies, backed by Oval Partners, acquired Olmec Systems, a Denville, NJ-based provider of managed IT services
  • HungerRush, backed by The CapStreet Group, acquired OrdrAI, an Ann Arbor, MI-based provider of text and voice ordering software
  • Logically, backed by The Riverside Company, acquired Personal Computer Resources, a Braintree, MA-based provider of outsourced IT services
  • By Light Professional IT Services, backed by Sagewind Capital, acquired Raydon, a Port Orange, FL-based provider of virtual military training technology; Truist Securities advised on the transaction
  • NetSPI, backed by Sunstone Partners, acquired Silent Break Security, a Lehi, UT-based provider of network and application testing, red teaming, and adversary simulation 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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