NepFin DealWatch as of February 15, 2021

Feb 16, 2021

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding February 16, 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

  • Colorado Mechanical Systems, owned by Reedy Industries backed by Audax Private Equity, acquired AMI Mechanical Systems, a Thornton, CO-based provider of commercial and industrial HVAC, plumbing, and building controls services
  • Colibri Group, backed by Gridiron Capital, acquired BrightPath Education Services, a Raleigh, NC-based provider of qualifying education and continuing education for appraisal and real estate
  • QuantiTech, backed by Sagewind Capital, merged with Millennium Engineering and Integration Company, an Arlington, VA-based provider of engineering, research and development, and systems integration services; Audax Private Debt financed the transaction
  • Highview Capital acquired Randall Farms, a Huntington Park, CA-based provider of poultry and meat solutions; Peapack Private Investment Banking advised on the transaction
  • Buyers Edge Platform, backed by Bregal Sagemount, acquired the group purchasing and beverage consulting divisions of RestaurantLink
  • Consulting Solutions, backed by White Wolf Capital, acquired TEK Connexion, a Naperville, IL-based provider of staffing and technology services
  • Additional transactions


  • SavATree, backed by CI Capital Partners, acquired Big Twigs Arboricultural Services, an Ortonville, MI-based provider of tree care and plant health services
  • WellBiz Brands, backed by KSL Capital Partners, acquired the franchisor rights of Drybar, an Irvine, CA-based provider of hair blowout services; Piper Sandler advised on the transaction
  • The Equine Network, backed by Growth Catalyst Partners, acquired Spalding Laboratories, a Reno, NV-based provider of insect control services to horse and animal owners
  • The Wheel Group, backed by Wynnchurch Capital, acquired Tuff Stuff Overland, a Santa Ana, CA-based provider of outdoor accessory products
  • Sleeping Bear Capital acquired Venice Longboards, a Scottsdale, AZ-based provider of electric longboards
  • Additional transactions

Financial Services-1

  • AffiniPay, backed by Great Hill Partners, acquired ClientPay, a St. Paul, MN-based provider of digital payment solutions; Hennepin Partners advised on the transaction
  • ION Investment Group, backed by TA Associates, acquired DASH Financial Technologies, a New York, NY-based provider of options technology and execution services, from Flexpoint Ford; Jefferies advised on the transaction
  • OneDigital, backed by Onex, acquired HM Employee Benefits and Risk Management, a St Louis, MO-based provider of insurance, risk management and employee benefits services; Dowling Hales and Waller Helms Advisors advised on the transaction
  • Heffernan Insurance Brokers, backed by SkyKnight Capital, acquired Micor Insurance Brokers, a San Jose, CA-based independent insurance agency
  • Mill Point Capital acquired Prime Pensions, a Florham Park, NJ-based provider of retirement plan services
  • Susquehanna Growth Equity invested in ProviderTrust, a Nashville, TN-based provider of healthcare compliance screening, monitoring, and verification software
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired Stuart Insurance, a Palm City, FL-based independent insurance agency
  • AssuredPartners, backed by GTCR and HarbourVest Partners, acquired TJS Financial Services, a Pittsburgh, PA-based provider of retirement planning services
  • One80 Intermediaries, a wholly owned subsidiary of Risk Strategies backed by Kelso & Company, acquired Wagenen Financial Services, an Eden Prairie, MN-based independent insurance agency
  • Additional transactions

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  • Apex Physics Partners, backed by Blue Sea Capital, acquired Advanced Medical Physics, an Indianapolis, IN-based provider of diagnostic medical physics services
  • Northstar Capital invested in Alpaca Audiology, a Russellville, AR-based provider of audiology healthcare services backed by Thompson Street Capital Partners
  • Proud Moments ABA, backed by Audax Private Equity, acquired Bridges: Educational Services for Children with Autism, an Albuquerque, NM-based provider of behavioral healthcare services; Edgemont Partners advised on the transaction
  • Cimarron Healthcare Capital acquired CareAccess MSO, a Cerritos, CA-based provider of contract management and network access services to primary care physicians
  • Together Women's Health was formed by Shore Capital Partners with the completion of a strategic partnership with (i) Eastside Gynecology Obstetrics based in Roseville, MI, and (ii) Comprehensive Woman’s Care based in Detroit, MI; both are obstetrics and gynecology (OB/GYN) practices
  • Palm Medical Centers, backed by MBF Healthcare Partners, acquired Forest Hills Health Care, a Tampa, FL-based provider of primary care services
  • Additional transactions


  • Karman Missile & Space Systems, backed by Trive Capital, acquired AAE Aerospace, a Huntington Beach, CA-based manufacturer of high temperature composites for the missile, interceptor, and space sectors; D.A. Davidson advised on the transaction
  • American Refrigeration Company, backed by Southfield Capital, acquired Capitol Engineering, a Newton, MA-based provider of commercial HVAC design, installation, and maintenance services
  • American Track, backed by Hilltop Private Capital, acquired Dirtworks Rail of the Carolinas, a Lexington, NC-based provider of railroad equipment and maintenance services
  • GED Integrated Solutions, backed by The Beekman Group, acquired Norfield, a Chico, CA-based provider of equipment, parts, and services door manufacturing market
  • Krayden, backed by Quad-C Management, acquired Northern Composites, a Hampton, NH-based manufacturer of vacuum bagging materials and accessories; Generational Equity advised on the transaction
  • Blue Wolf Capital Partners invested in Vicksburg Forest Products, a Vicksburg, MS-based manufacturer of southern yellow pine lumber products; Raymond James advised on the transaction
  • Presco Polymers, backed by River Associates, acquired William Frick & Company, a Libertyville, IL-based manufacturer of labeling and marking products
  • Additional transactions


  • Thomas H. Lee Partners invested in Ashling Partners, a Chicago, IL-based provider of business process automation software; PwC advised on the transaction
  • Morgan Stanley Alternative Investment Partners and RunTide Capital invested in Axispoint Technology Solutions Group, a New York, NY-based provider of managed IT services
  • ClickDimensions, backed by Accel-KKR, acquired Eletype, an Atlanta, GA-based provider of marketing analytics software
  • Togetherwork, backed by GI Partners, acquired Fonteva, an Arlington, VA-based provider of association and events management software; Union Square Advisors advised on the transaction
  • 2ndWave Software and PSG acquired HealthTrio, a Denver, CO-based provider of digital engagement software for healthcare organizations
  • Norland Capital acquired Immix Software, a Tampa, FL-based provider of video monitoring security software; Imperial Capital advised on the transaction
  • ActiveProspect, backed by Five Elms Capital, acquired LeadsBridge, a Miami, FL-based provider of CRM integration software
  • Foothold Technology, backed by Alpine Investors, acquired Relevant Health Homes, a New York, NY-based provider of care management software for health homes
  • Centre Lane Partners agreed to acquire Synacor, a Buffalo, NY-based provider of cloud-based collaboration and identity 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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