NepFin DealWatch as of February 8, 2021

Feb 08, 2021

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding February 08, 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

  • Avison Sales Group, a provider of outsourced sales and marketing services to manufacturers, backed by Osceola Capital, acquired six companies: Angel-Cotton Associates, Apex Commercial Kitchen, Demlow Marketing, Mid-America Sales, Plexus Reps, and TRC Marketing
  • Nordic, backed by Silversmith Capital Partners, acquired Bails & Associates, a Canonsburg, PA-based provider of enterprise resource planning consulting services
  • Blue Cypress acquired BuzzShift, a Dallas, TX-based growth marketing agency
  • Universal Engineering Sciences, backed by Palm Beach Capital, acquired Construction Testing & Engineering, an Escondido, CA-based provider of geotechnical, environmental, and civil engineering services
  • World 50, backed by Pamlico Capital, acquired Employer Health Innovation Roundtable, a Waban, MA-based semi-annual event for healthcare purchasers to discover new solutions
  • VMG Health, backed by Northlane Capital Partners, acquired Health Care Futures, a Minneapolis, MN-based provider of healthcare business strategy and consulting services
  • ettain group, backed by Alvarez & Marsal Capital, acquired INT Technologies, a Mesa, AZ-based provider of staffing and consulting services
  • Trive Capital acquired Oscar W. Larson Company, a Clarkston, MS-based provider of installation, testing, inspection, maintenance, and repair services
  • VLS Recovery Services, backed by Aurora Capital Partners, acquired Pacific Trans Environmental Services, an El Cajon, CA-based provider of waste management and other environmental services
  • TPG Growth acquired People 2.0, an Exton, PA-based provider of workforce deployment services, from CIP Capital
  • ScaleCo acquired PSP Metrics, a Pittsburgh, PA-based provider of employee assessment services
  • CHA Consulting, backed by First Reserve, acquired Reiss Engineering, a Winter Springs, FL-based provider of water and wastewater engineering services; Stambaugh Ness advised on the transaction
  • Summit Companies, a provider of fire and life safety services backed by CI Capital Partners, acquired six companies: Sound & Signal Systems, Kimbrough Fire Extinguisher Company, HcFco, Better Fire, Mountain High Fire & Safety, and Night Owl Security
  • Orion Group, backed by Alpine Investors, acquired Texas Chiller Systems, a San Antonio, TX-based provider of commercial HVAC services
  • PMC Capital acquired UniversalPegasus International, a Houston, TX-based provider of oil and gas engineering, procurement, and construction management services; Ernst & Young Capital Advisors advised on the transaction
  • Additional transactions

Consumer

  • Wine Access, backed by Norwest, acquired 750 Wines, a St. Helena, CA-based online wine retailer
  • Norwest Equity Partners invested in recteq, an Evans, GA-based manufacturer and seller of pellet grills, accessories, and other consumable products; Jefferies advised on the transaction; First Midwest Bank, Norwest Mezzanine Partners, PennantPark and Yukon Partners financed the transaction
  • Surge Private Equity invested in RentACoop, a Germantown, MD-based provider of equipment & products for retail chicken owners; Eagle Private Capital financed the transaction
  • Driven Brands, backed by Roark Capital, acquired four SuperSonic Express Car Wash locations in the Southern US
  • Additional transactions

Financial Services-1

  • Fiesta Insurance, backed by Gemspring Capital, acquired La Familia Agency, a Dallas, TX-based independent insurance provider
  • NFP, backed by Madison Dearborn Partners and Stone Point Capital, acquired Pension Advisors, a Cleveland, OH-based provider of retirement consulting and wealth advisory services; Wise Rhino Group advised on the transaction
  • EP Wealth Advisors, backed by Wealth Partners Capital Group, acquired Abbas A. Heydari, CFP, a Torrance, CA-based provider of financial planning services
  • High Street Insurance Partners, backed by Huron Capital, acquired Vested Risk Strategies, a Hillsdale, MI-based independent insurance agency
  • Additional transactions

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Healthcare

  • Quigley Eye Specialists, backed by New Harbor Capital, acquired Beraja Medical Institute, a Coral Gables, FL-based provider of eye care services; Physician Growth Partners advised on the transaction
  • Anne Arundel Dermatology, backed by Ridgemont Equity Partners, acquired Carolina Skin Care, a Pinehurst, NC-based provider of dermatological services
  • Eye Health America, backed by LLR Partners, acquired three eye care providers: (i) First Vision Group based in Florence, SC, (ii) Vision Care based in Marion, SC, and (iii) Marlboro Eye Care Associates based in Bennettsville, SC
  • Corza Health, backed by GTCR, acquired Surgical Specialties Corporation, a Westwood, MA-based manufacturer of medical device consumables, from Vivo Capital; Piper Sandler advised on the transaction
  • Additional transactions

Industrials

  • Nelson Global Products, backed by Wind Point Partners, acquired Commercial Tube Processing, an Indianapolis, IN-based manufacturer of assemblies, metal fabrications, and weldments
  • Meridian Adhesives Group, backed by Arsenal Capital Partners, acquired Convergent Concrete Technologies, an Orem, UT-based developer and manufacturer of concrete treatments and products
  • Southern Towing, backed by CC Industries, acquired Devall Towing, a Sulphur, LA-based towboat and barge operator
  • TRM Equity acquired Elyria Foundry, an Elyria, OH-based manufacturer of ductile iron castings
  • Energy Impact Partners and Trilantic North America invested in Powin Energy Corporation, a Tualatin, OR-based designer and manufacturer of battery energy storage solutions
  • Priority Power, backed by Ara Partners, acquired Satori Energy Solutions, a Chicago, IL-based provider of energy services
  • Concentric, backed by Harvest Partners, acquired Southern States, a Tampa, FL-based provider of forklift batteries and other warehouse equipment
  • AXIS Industrial Services, backed by Carr's Hill Partners, acquired Travis Industries, a San Antonio, TX-based provider of painting & protective coating services for industrial customers
  • US LBM, backed by Bain Capital, acquired Villaume Industries, an Eagan, MN-based designer and manufacturer of wood products
  • Additional transactions

TMT

  • LightBox, backed by Battery Ventures and Silver Lake, acquired BuildingFootprintUSA, an Albany, NY-based provider of geolocation analytics software
  • BBH Capital Partners invested in Clever Devices, a Woodbury, NY-based provider of intelligent transportation products and software
  • HelpSystems, backed by H.I.G. Capital, acquired Digital Defense, a San Antonio, TX-based provider of cybersecurity software; KPMG Corporate Finance advised on the transaction
  • Netsmart Technologies, backed by GI Partners and TA Associates, acquired GPM, an Asheville, NC-based provider of electronic health record software; Stephens advised on the transaction
  • MackeyRMS, backed by Resurgens Technology Partners, acquired InsiderScore, a Princeton, NJ-based provider of investment data, analytics, and software; Keefe, Bruyette & Woods advised on the transaction
  • The Blackstone Group (BX) acquired Interior Logic Group, an Irvine, CA-based provider of interior design, supply chain, and installation management software, from Littlejohn & Co and Platinum Equity; BofA Securities, Citi, Goldman Sachs & Co and RBC Capital Markets advised on the transaction; Citi and Goldman Sachs & Co financed the transaction
  • CORE Business Technologies, backed by Banneker Partners, acquired (i) Secure Instant Payments, a Clinton, UT-based provider of payment facilitation software and services, and (ii) eGov Strategies, an Indianapolis, IN-based provider of content management and payment acceptance software for local and state governments
  • Susquehanna Growth Equity invested in Seek Now, a Louisville, KY-based provider of inspection software and services for the insurance and real estate industries
  • 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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