NepFin DealWatch as of December 14, 2020

Dec 14, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding December 14, 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

  • Mountaingate Capital invested in Acceleration Partners, a Boston, MA-based marketing agency; CG Petsky Prunier advised on the transaction; Capital Southwest and East West Bank financed the transaction
  • Oroco Capital acquired the civil construction business, which includes the Shimmick Construction business of AECOM, a Los Angeles, CA-based infrastructure consulting firm; DBO Partners advised on the transaction
  • Fire Safety & Protection, backed by Sunny River Management, acquired All-Star Fire, a Norcross, GA-based provider of fire safety system inspection, testing, and installation services
  • WilliamsMarston, backed by Align Capital Partners, acquired BA Major Associates, a Boston, MA-based provider of corporate tax advisory services
  • Trinity Life Sciences, backed by Parthenon Capital Partners, acquired BluePrint Research Group, a Princeton, NJ-based provider of consulting services to healthcare companies; Madison Park Group advised on the transaction
  • The Riverside Company acquired Clinical Education Alliance, a Stamford, CT-based provider of continuing education services for medical professionals, from Renovus Capital Partners; Cain Brothers advised on the transaction
  • Lexitas, backed by Apax Partners, acquired (i) eLaw, a New Providence, NJ-based provider of legal docketing and calendaring software and services, and (ii) PM Legal, a New York, NY-based provider of process service, investigations, and court services; Foros advised on the transaction
  • Berkshire Partners acquired FoodChain ID, a Fairfield, IA-based provider of testing, inspection, certification, and compliance solutions to the food industry, from Paine Schwartz Partners; Houlihan Lokey and Baird advised on the transaction
  • Bounteous, backed by Mountaingate Capital, acquired FourtyFour, an Atlanta, GA-based digital marketing agency
  • Source Advisors, backed by Gainline Capital Partners, acquired Intrepid Advisors, a Marlborough, MA-based provider of business and tax consulting services
  • Quad-C Management acquired Learners Edge, an Eagan, MN-based provider of continuing education, certification, and training services for educators, from L Squared Capital Partners; Baird advised on the transaction
  • RelaDyne, backed by Audax Private Equity, acquired New West Oil Company, a Glendale, AZ-based distributor of lubricant and commercial fuels
  • VMG Health, backed by Northlane Capital Partners, acquired RR Health Strategies, a Hauppauge, NY-based provider of medical management consulting services
  • Stellex Capital Management acquired Weber Logistics, a Santa Fe Springs, CA-based provider of third-party logistics services
  • Additional transactions

Consumer

  • Main Post Partners invested in Duke Cannon, a Minneapolis, MN-based provider of men's grooming products; Houlihan Lokey advised on the transaction
  • GO Car Wash, backed by Imperial Capital, acquired a Schertz, TX car wash site from Pirate's Cove Car Wash
  • The Halifax Group acquired PJ United, a Birmingham, AL-based franchisee of Papa John's Pizza, from TPG Growth
  • Service Champions, backed by CenterOak Partners, acquired (i) ProSkill Services, an Anthem, AZ-based provider of home services, and (ii) Jet Plumbing Heating & Drain Services, a Sparks, NV-based provider of home services
  • Norwest Equity Partners acquired Red Monkey Foods, a Springfield, MS-based provider of private label spices and seasonings and branded salts, from San Francisco Equity Partners; Stifel advised on the transaction; Bank of Ireland, Norwest Mezzanine Partners and Varagon Capital Partners financed the transaction
  • Nonantum Capital Partners acquired Ross-Simons, a Cranston, RI-based direct-to-consumer jewelry retailer; Consensus Advisors advised on the transaction
  • Bregal Partners invested in The Mochi Ice Cream Company, a Los Angeles, CA-based manufacturer of mochi ice cream; Lakeview Capital remains the majority investor
  • SavATree, backed by CI Capital Partners, acquired TREeCOLOGY, a Minneapolis, MN-based provider of tree and landscape maintenance services
  • CCMP Capital and L Catterton acquired Truck Hero, an Ann Arbor, MI-based provider of aftermarket accessories for trucks and Jeep vehicles, from Highlander Partners; Jefferies, Robert W. Baird & Co and BofA Securities advised on the transaction; BofA Securities and Jefferies financed the transaction
  • Additional transactions

Financial Services-1

  • Relation Insurance Services, backed by Aquiline Capital Partners, acquired Baughan Insurance, a Greensboro, NC-based insurance agency
  • Hub International, backed by Hellman & Friedman, acquired Chelsea Insurance, a Norwich, CT-based indpendent insurance agency
  • NFP, backed by Madison Dearborn Partners and Stone Point Capital, acquired Ogilvy Insurance, a Westmount, QC-based independent insurance agency
  • Hub International, backed by Hellman & Friedman, acquired Prince Albert Insurance, a Prince Albert, SK-based independent insurance agency
  • AmeriLife Group, backed by Thomas H. Lee Partners and Waterfield Group, acquired (i) Senior Resource Group, a Philadelphia, PA-based provider of field marketing insurance services, (ii) Senior Family Services, a Philadelphia, PA-based independent insurance agency, and (iii) Right Choice, an Atlantic City, NJ-based provider of field marketing insurance brokerage services; Senior Family Services and Right Choice will be merged into Senior Resource Group
  • Relation Insurance Services, backed by Aquiline Capital Partners, acquired SK Carney Insurance, a Statesville, NC-based insurance agency
  • Wealth Enhancement Group, backed by TA Associates Management, acquired SVA Financial Group, a Madison, WI-based provider of wealth management services
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired The Watts Group, a West Hartford, CT-based independent insurance agency
  • Additional transactions

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Healthcare

  • Absolute Dental, backed by Beecken Petty O'Keefe & Company, acquired Aces Dental, a Las Vegas, NV-based operator of three dental practices
  • ERT, backed by Ares Capital Corporation, Astorg, Nordic Capital and Novo Holdings, acquired Bioclinica, a Princeton, NJ-based provider clinical life science solutions, from Cinven
  • Traditions Health, backed by Dorilton Capital, acquired Centennial Hospice, an Oklahoma City, OK-based provider of hospice services
  • Clinical Reference Library acquired ConfirmBiosciences, a San Diego, CA-based provider of screening tools and solutions, from HCAP Partners
  • Arlington Capital Partners invested in Everest Clinical Research, a Toronto, ON-based provider of contract research services to the life science industry
  • Vesper Healthcare Acquisition Corporation acquired HydraFacial, a Long Beach, CA-based provider of skin care devices and products, from DW Healthcare Partners and Linden Capital Partners; Jefferies, Piper Sandler and Goldman Sachs & Co advised on the transaction
  • US Radiology, backed by Welsh, Carson, Anderson & Stowe, acquired ImageSouth, a Birmingham, AL-based provider of outpatient medical imaging services
  • The Care Team, backed by Revelstoke Capital Partners, acquired InTeliCare Home Health and Hospice, a Standish, MI-based provider of home health and hospice care
  • Physical Rehabilitation Network, backed by BPEA Private Equity, Harris Preston & Partners and Silver Oak Services Partners, acquired Peloton Physical Therapy, a Yankton, SD-based provider of outpatient rehabilitation care services
  • Kelso & Company acquired Refresh Mental Health, a Jacksonville Beach, FL-based provider of outpatient mental health services, from Lindsay Goldberg; Moelis & Company advised on the transaction; Antares, Benefit Street Partners and Owl Rock financed the transaction
  • Ocular Partners, backed by MoonSail Capital and Plenary Partners, acquired (i) University Ophthalmology in Hyde Park, a Chicago, IL-based provider of eye care services, and (ii) Lakeshore Eye Physicians, a Chicago, IL-based provider of eye care services
  • Freeman Spogli & Co acquired US Med-Equip, a Houston, TX-based provider of medical equipment rental services, from Owner Resource Group; Lazard Middle Market advised on the transaction; Adams Street Credit Advisors and Audax Private Debt financed the transaction
  • Partners Group acquired Wedgewood Pharmacy, a Swedesboro, NJ-based provider of compounding pharmacy services for animals, from New Harbor Capital
  • Additional transactions

Industrials

  • Colony Hardware, backed by Audax Private Equity and Tailwind Capital, acquired Care Supply, a Nashville, TN-based distributor of construction products and supplies
  • SQUAN, backed by Pillsman Partners and RFE Investment Partners, acquired ElecComm, a Wilmington, MA-based provider of electric and communications line construction services
  • Abracon, backed by The Riverside Company, acquired Fox Electronics, a Fort Myers, FL-based supplier of frequency control products
  • Guardian Capital Partners invested in Havis, a Warminster, PA-based manufacturer of mobile workforce solutions; BlackArch Partners advised on the transaction; CIBC Bank USA and The Huntington National Bank financed the transaction
  • Fortis Solutions Group, backed by Main Post Partners, acquired Kala Packaging, an Orem, UT-based producer of pressure sensitive labels and flexible packaging
  • Resource Label Group, backed by First Atlantic Capital and TPG Growth, acquired Labels West, a Woodinville, WA-based provider of labeling and packaging services
  • May River Capital acquired PaperTech, a Bingham Farms, MI-based manufacturer of paperboard packaging products; Amherst Partners advised on the transaction; Twin Brook Capital Partners financed the transaction
  • Additional transactions

TMT

  • Polaris Growth Fund invested in Automotive Titling Company, a Centennial, CO-based provider of out-of-state tax, title, and registration software for the automotive industry
  • TZP Group acquired Awareness Technologies, a Westport, CT-based provider of security, monitoring, productivity, and analytics software
  • Velosio, backed by Harren Equity Partners, acquired BroadPoint, a Bethesda, MD-based provider of business application support services; IT ExchangeNet advised on the transaction
  • J.F. Lehman & Company acquired CodeMettle, an Atlanta, GA-based provider of software development services; Mensura Capital and Mensura Securities advised on the transaction
  • PointClickCare, backed by JMI Equity, acquired Collective Medical, a Cottonwood Heights, UT-based provider of care-coordination software
  • Pamlico Capital acquired Datos Acquisitions, a platform to invest in information services companies
  • American Pacific Group acquired Fresche Solutions, a Montreal, QC-based provider of IT modernization and transformation software; Northstar Capital financed the transaction
  • Providence Strategic Growth invested in NoFraud, a New York, NY-based provider of fraud prevention software
  • Remedy Health Media, backed by Topspin Consumer Partners, acquired Patient Power, a Bellevue, WA-based provider of cancer-related digital media resources
  • geoLOGIC Systems, backed by BV Investment Partners, acquired SubsurfaceIO, a Houston, TX-based provider of oil & gas mapping & analytics solutions
  • JMI Equity invested in Swiftly, a San Francisco, CA-based provider of data software for public transit operations; AQ Technology Partners advised on the transaction
  • Thoma Bravo invested in Venafi, a Salt Lake City, UT-based provider of machine identity management software; J.P. Morgan Securities 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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