NepFin DealWatch as of February 10, 2020

Feb 10, 2020

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

  • Dynamic Quest, backed by Spire Capital, acquired Cohn Consulting Corporation, a Marietta, GA-based managed service provider for IT services
  • Summit Park acquired Elliott Aviation, a Milan, IL-based full-service business aviation company; Harris Williams advised on the transaction; Stellus Capital Management financed the transaction
  • Innoval Global Solutions, backed by Kriya Capital, acquired MedStat Accounts Receivables Management, a Mesa, AZ-based provider of accounts receivable management services to the medical industry; Generational Equity advised on the transaction
  • ZMC acquired Simeio Solutions, an Atlanta, GA-based provider of identity and access managements solutions, from Welsh Carson Anderson & Stowe;  Guggenheim Securities and William Blair & Company advised on the transaction
  • Schierson Associates, backed by Intermediate Capital Group, has acquired and merged with independent and brand strategy agencies (i) Stun Creative, based in Los Angeles, CA and (ii) Blackbird, based in New York, NY; the combined entity will operate as Known
  • Additional transactions

Consumer

  • Cascade Windows, backed by CenterOak Partners, acquired Amerimax Windows & Doors, a Norcross, GA-based manufacturer of vinyl windows and doors
  • Additional transactions

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Financial Services

  • Southern Management Corporation, backed by Milestone Partners, acquired Heights Finance Corporation, a Peoria, IL-based provider of personal loan and retail financing services; Ares Alternative Credit financed the transaction
  • Brickell Insurance Holdings, an affiliate of 777 Partners, acquired Merit Life Insurance, a Fort Worth, TX-based insurance agency, from OneMain Holdings
  • Cresset Capital invested in True Capital Management, a San Francisco, CA-based provider of wealth and business management services focused on sudden wealth clients; MHB Advisers advised on the transaction
  • Additional transactions

Healthcare

  • Grant Avenue Capital has acquired the Heartland Rehabilitation and MileStone businesses from HCR ManorCare; the combined entity will operate as H2 Health with MileStone as wholly-owned subsidiary
  • Additional transactions

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Industrials

  • Resource Label Group, backed by First Atlantic Capital and TPG Growth, acquired Axiom Label & Packaging, a Compton, CA-based supplier of label and packaging solutions
  • HEPACO, backed by Gryphon Investors, acquired Evergreen AES, a Shelbyville, KY-based provider of remediation, emergency response, and environmental services
  • Freeman Spogli acquired Galco Industrial Electronics, a Madison Heights, MI-based distributor of electronic industrial control and automation components; BB&T Capital Markets advised on the transaction; BMO Harris and Madison Capital financed the transaction
  • J.F. Lehman & Company acquired Integrated Global Services, a Richmond, VA-based provider of industrial surface protection services and products, from Industrial Growth Partners; Harris Williams advised on the transaction; Benefit Street Partners financed the transaction
  • ORIX Capital Partners acquired Specialty Welding and Turnarounds, a Gonzales, LA-based provider of specialty welding and turnaround services, from Hastings Equity; Harris Williams advised on the transaction
  • Additional transactions

TMT

  • Black Dragon Capital acquired Grass Valley, a Montreal, QC-based provider of advanced broadcast and digital media solutions, from Belden; Cowen & Company advised on the transaction
  • Quad-C Management acquired HaystackID, a Washington, DC-based eDiscovery services firm for corporations and law firms, from Knox Capital, ORIX Private Equity Solutions, Baird Principal Group and Maranon Capital; Knox Capital and Baird Principal Group will remain investors; Baird advised on the transaction
  • Audax Private Equity acquired Kofile, a Dallas, TX-based provider of information management and access systems solutions for government agencies; Shea & Company advised on the transaction
  • Alpine Investors invested in TEN DIGIT Communications, a Hartford, CT-based provider of business-to-customer messaging 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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