NepFin DealWatch as of February 24, 2020

Feb 24, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding February 24, 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

  • Rimkus Consulting Group, backed by Century Equity Partners, acquired Metallurgical Technologies, a Mooresville, NC-based provider of metallurgical analysis and testing services; Century Equity Partners advised on the transaction
  • CITIC Capital Partners acquired ScentAir, a Charlotte, NC-based provider of ambient scent marketing solutions, from Parthenon Capital
  • EIS Holdings, backed by O2 Investment Partners, invested in Simpson Environmental Services, a Trilby, FL-based provider of environmental remediation and abatement services
  • American Discovery Capital invested in SmartBug Media, a Newport Beach, CA-based marketing agency
  • Additional transactions

Consumer

  • C.J. Foods, backed by J.H. Whitney Capital Partners, acquired American Nutrition, an Ogden, UT-based supplier of pet food and treat products
  • Dan Dee International, backed by IVEST Consumer Partners, acquired Animal Adventure, a Hopkins, MN-based provider of soft goods and plush toys, from Spell Capital; D.A. Davidson advised on the transaction
  • Thompson Street Capital Partners acquired Len The Plumber, a Baltimore, MD-based full-service residential plumbing contractor; League Park Advisors and Jefferies advised on the transaction
  • Additional transactions

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Financial Services

  • TZP Group invested in Constellation Advisers, a New York, provider of co-sourced and outsourced investment management services
  • Wealth Enhancement Group, backed by TA Associates, acquired JOYN Advisors, an Atlanta, GA-based investment adviser; DeVoe & Company advised on the transaction
  • Risk Strategies, backed by Kelso & Company, acquired UNIRISC, an Arlington, VA-based provider of global relocation insurance and risk management services
  • 777 Partners acquired Uown Leasing, a Tampa, FL-based provider of lease-to-own financing products to furniture and electronics retailers
  • Robertson Stephens Wealth Management, backed by Long Arc Capital, acquired Vine Street Wealth Management, a Mill Valley, CA-based investment advisor
  • Additional transactions

Healthcare

  • Cimarron Healthcare Capital acquired Ascent Behavioral Health, a Utah-based provider of adolescent behavioral health therapy services; VSS provided a structured capital investment and Monroe Capital financed the transaction
  • Affinity Dental Management, backed by MidOcean Partners, acquired Concerned Dental Care, a Yonkers, NY-based dental practice
  • Partners Group acquired EyeCare Partners, a St. Louis, MO-based provider of medical eye care services, from FFL Partners; Harris Williams advised on the transaction
  • Additional transactions

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Industrials

  • Gallant Capital acquired Cassavant Machining, a Phoenix, AZ-based manufacturer of precision machined components and assemblies; Lincoln International advised on the transaction; Comvest Credit Partners and TCW Group financed the transaction
  • Individual FoodService, backed by Kelso & Company, acquired Cole Supply Company, a Benicia, CA-based distributor of janitorial, cleaning, and facility supplies
  • Vopne Capital invested in ColorCoat, a West Sacramento, CA-based provider of exterior coating application services
  • Cadence Aerospace, backed by Arlington Capital Partners, acquired Premier Processing, a Witchita, KS-based provider of surface finishing and special processing capabilities for aerospace and defense customers
  • Jones Logistics, backed by Jones Capital, acquired Volume Freight, a Columbus, MS-based provider of logistics and transport services
  • Additional transactions

TMT

  • Integrity Growth Partners led an investment in Algo, a Troy, MI-based provider of supply chain management software; The K Fund also participated in the transaction
  • Columbia Partners Private Capital invested in Cloudbreak Health, a Columbus, OH-based provider of telemedicine and video medical interpretation solutions
  • Vyne, backed by The Jordan Company, acquired Renaissance Electronic Services, an Indianapolis, IN-based provider of claims processing and revenue cycle software to dental practices
  • 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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