DealWatch: January 13, 2020

Jan 13, 2020

For the week preceding January 13, here are some notable deals in the lower middle market. For more deal information, click the category hyperlinks below. Additionally, if you'd like to see one of your deals featured in our newsletter, you may submit the details here.

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Business Services


  • The Clarke Companies, backed by Lightview Capital, has acquired Covex, a Wayne, PA based provider of global validation and compliance services; Maranon Capital provided financing for the transaction
  • Centerfield Capital and Guardian Capital Partners have acquired Flat River Group, a Belding, MI based eCommerce distributor, marketer, and service provider; GulfStar Group advised on the transaction; Centerfield Capital and CIBC Bank USA provided financing for the transaction
  • Command Investigations, backed by Monument Microcap Partners, has acquired Investigations by King, a Scottsdale, PA based provider of insurance risk management service, specializing in investigations of workers’ compensation insurance claim fraud
  • Seaport Capital has invested in Linen King, a Tulsa, OK based provider of outsourced laundry cleaning and management services to the healthcare industry; Stephens Inc. advised on the transaction
  • Frontenac has acquired Prime Technology Group, a Wayne, PA based provider of outsourced software application development, managed software, and enterprise content management solutions, from Renovus Capital Partners; 360Advisory and Raymond James advised on the transaction
  • Additional transactions

Consumer

  • Daniele International, backed by Entrepreneurial Equity Partners, has acquired Creminelli Fine Meats, a Salt Lake City, UT based producer and distributor of premium charcuterie and protein snacks; BofA Securities advised on the transaction
  • Cortec Group has acquired Enthusiast Auto Holdings, an Alpharetta, GA based provider of automotive aftermarket products, from Bertram Capital
  • Encore Consumer Capital has acquired Lion Beverages, a Wilkes-Barre, PA based contract manufacturer of specialty beverages
  • Shoreline Equity Partners has acquired Mr. Greens, a Miami, FL based distributor of produce, dairy, and dry goods; SunTrust Robinson Humphrey advised on the transaction; Nuveen and NXT Capital provided financing for the transaction
  • Gart Capital has acquired Work World, a Vacaville, CA based work wear retailer; D.A. Davidson advised on the transaction
  • Additional transactions

Financial Services

  • North Square Investments, backed by Estancia Capital Management, has acquired C.S. McKee, a Pittsburgh, PA based institutional investment management firm; Sandler O'Neill & Partners advised on the transaction
  • Serent Capital has invested in ePayPolicy, an Austin, TX based provider of electronic payments solutions to the insurance industry; Leonis Partners advised on the transaction
  • Kensington Vanguard National Land Services, backed by Stone Point Capital, has acquired GRS Title Services, a Richmond, VA based commercial title insurance agency
  • Additional transactions

Healthcare

  • Evolution Capital Partners has invested in Empire Dental Arts, a Mentor, OH based provider of operational support and services to dental practices in Northeast Ohio
  • Galen Partners has acquired Evolve Treatment Centers, a Los Angeles, CA based provider of adolescent behavioral health services; FTI Consulting advised on the transaction; BBVA provided financing for the transaction
  • Riverside Insights, backed by Alpine Investors, has acquired ImPACT Applications, a Coralville, IA based manufacturer of concussion impact assessments; Healthcare Growth Partners advised on the transaction
  • Additional transactions

Industrials

  • Thermal Solutions Manufacturing, backed by Altus Capital Partners, has acquired Alfa Laval Champ, a Richmond, VA based provider of heat transfer, separation and fluid handling technologies; Alfa Laval Champ is a stand-alone business unit of Alfa Laval
  • Texas Next has invested in Capital Precast, a San Marcos, TX based manufacturer of precast concrete underground utility products; Frost Bank and Independent Bankers Capital Funds provided financing for the transaction
  • Seal For Life Industries, backed by Arsenal, has acquired (i) Flame Control Coatings, based in Niagara Falls, NY, (ii) Highland International, based in Boone, NC, (iii) Lifelast, based in Pflugerville, TX, and (iv) US Coatings, based St. Louis, Missouri; the acquired businesses operate in the flame and heat resistant coating industry
  • Turning Rock Partners has invested in Next Level Aviation, a Sunrise, FL based supplier of commercial aircraft/jet engine used serviceable material
  • Brixey & Meyer Capital has acquired Safe-Way Garage Doors, a Warsaw, IN based manufacturer and distributor of residential, commercial, and industrial overhead garage doors, from The Ellis Company
  • Additional transactions

TMT

  • Virgin Pulse, backed by Marlin Equity Partners, has acquired Blue Mesa Health, a New York, NY based developer of a diabetes prevention program (DPP) technology platform
  • Tower Arch Capital has invested in CCI Network Services, a Salt Lake City, UT based provider of diversified telecom services to enterprise customers and small to medium sized businesses; FocalPoint Partners advised on the transaction; Zions Bank provided financing for the transaction
  • Trinity Hunt Partners has acquired Dataprise, a Rockville, MD based IT managed services provider
  • NexPhase Capital has invested in DealerOn, a Rockville, MD based website and digital marketing company serving the retail automotive industry; Horatio Partners advised on the transaction
  • Accel-KKR has acquired Springbrook Software, a Portland, OR based provider of cloud-based finance and administration software for local government, from Accela; Spurrier Capital Partners 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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