NepFin DealWatch as of February 17, 2020

Feb 17, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding February 17, 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

  • Post Capital Partners invested in Agile Sourcing Partners, a Corona, CA-based provider of supply chain management services; Crowe advised on the transaction; KeyBank financed the transaction
  • Rimkus Consulting Group, backed by Century Equity Partners, acquired Amset Technical Consulting, a Mount Prospect, IL-based provider of mechanical and electrical engineering consulting services; Century Equity Partners also advised on the transaction
  • Ardurra Group, backed by RTC Partners, acquired LNV, a Corpus Christi, TX-based provider of engineering, architectural, and surveying services; AEC Advisors and BDO USA advised on the transaction
  • TRG Screen, backed by Pamlico Capital, acquired Market Data Insights, a New York, NY-based provider of market data managed services
  • Merkle, affiliated with Dentsu Aegis Network, acquired Media Storm, a New York, NY-based marketing agency, from TZP Group
  • Additional transactions

Consumer

  • ACON Investments acquired Bargain Hunt, a LaVergne, TN-based extreme value retail chain, from Thomas H. Lee Partners
  • Mr. Greens, backed by Shoreline Equity Partners, acquired Cawoods Produce, an Austin, TX-based distributor of produce, dairy, and specialty goods; Generational Capital Markets advised on the transaction
  • Entrepreneurial Equity Partners acquired Kronos Foods, a Glendale Heights, IL-based provider of protein, bakery, and sauce products, from Grey Mountain Partners; Harris Williams advised on the transaction
  • Sandbridge Capital invested in Peach & Lily, a New York, NY-based prestige beauty brand
  • Ronnoco Beverage Solutions, backed by Huron Capital, acquired Trident Beverage, a Houston, TX-based provider of beverages and dispensing products for foodservice establishments
  • Additional transactions

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Financial Services

  • Relation Insurance Services, backed by Aquiline Capital Partners, acquired Pope & Young Bonding, a Clovis, CA-based provider of surety and bond products
  • Additional transactions

Healthcare

  • Probo Medical, backed by Varsity Healthcare Partners, acquired (i) Elite Medical Technologies, based in Largo, FL, and (ii) Future Medical Equipment, based in Bristol, UK; both are resellers of pre-owned medical imaging equipment
  • Sun Capital Partners acquired West Dermatology, a Newport Beach, CA-based practice management group for dermatology services
  • Additional transactions

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Industrials

  • Gainline Capital Partners acquired Core Health & Fitness, a Vancouver, WA-based manufacturer of commercial fitness equipment
  • A&R Logistics, backed by Wind Point Partners, acquired First Choice Logistics, a Chicago, IL-based provider of bulk liquid transportation and logistics services to the chemical industry; KPMG and Wells Fargo Advisors advised on the transaction
  • Innovatus Capital Partners acquired Guerdon Enterprises, a Boise, ID-based manufacturer of large-scale, commercial modular construction projects, from Riverlake Partners
  • Prime Technological Services, backed by JBA Capital, acquired I Technical Services, an Alpharetta, GA-based provider of printed circuit boards, electronics assemblies, and electrical and electronic products
  • Gryphon Investors invested in Pacur, an Oshkosh, WI-based supplier of specialty plastic packaging materials for the medical device industry; Wells Fargo Securities and William Blair advised on the transaction
  • Additional transactions

TMT

  • DealerSocket, backed by Vista Equity Partners, acquired Auto/Mate, an Albany, NY-based provider of dealership management system software to retail automotive dealerships; Presidio Technology Partners advised on the transaction
  • ION Investment Group, backed by The Carlyle Group, and Long Ridge Equity Partners acquired Broadway Technology, a New York, NY-based provider of front-office fintech solutions to sell-side and buy-side clients; Broadhaven Capital Partners and UBS Investment Bank advised on the transaction
  • First American Financial Corporation acquired Docutech, an Idaho Falls, ID-based provider of document, eClose, and fulfillment technology for the mortgage industry, from Serent Capital; Raymond James and BofA Securities advised on the transaction
  • Smith System Driver Improvement Institute, backed by Levine Leichtman Capital Partners, acquired Driver's Alert, a Deerfield Beach, FL-based provider of fleet safety management solutions
  • TA Associates acquired Proxibid, an Omaha, NE-based online marketplace for connecting buyers and sellers, from Primus Capital; Vaquero Capital and Alvarez & Marsal 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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