NepFin DealWatch as of January 27, 2020

Jan 27, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding January 27, 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

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  • Platinum Equity has acquired Centerfield, a Los Angeles, CA based provider of marketing and customer acquisition services, followed by a tuck-in acquisition of Digital Ventures, an Austin, TX based provider of website operation and marketing services; Petsky Prunier advised on the initial transaction.
  • Clairvest Group has invested in DTG Recycle, a Mill Creek, WA based provider of waste hauling and recycling services
  • AMS Fulfillment Holdings, backed by Fort Point Capital, has acquired EchoData Group, a New Holland, PA based provider of omnichannel fulfillment services
  • Moody's Corporation has acquired Regulatory DataCorp, a King of Prussia, PA based provider of anti-money laundering and know-your-customer data and due diligence services, from Vista Equity Partners; UBS advised on the transaction
  • Seaside Equity Partners has acquired TalentSmart, a San Diego, CA based provider of emotional intelligence training; LBC Small Cap provided financing and an equity co-investment for the transaction
  • Additional transactions

Consumer

  • Simpson Performance Products, backed by BRS & Co., has acquired Clearwater Lights, a Rancho Cordova, CA based manufacturer of auxiliary light solutions for motorsport applications
  • Thompson Street Capital Partners has acquired Custom Wheel House, a Santa Fe Springs, CA based provider of automotive aftermarket wheels, performance tires, and accessories; Abacus Finance Group provided financing for the transaction
  • Cortec Group has invested in Groundworks, a Virginia Beach, VA based provider of residential foundation services; Succession Capital Partners remains an investor; Harris Williams advised on the transaction
  • Brand Velocity Partners has led the acquisition of Original Footwear, a Morristown, TN based provider of footwear to the military, law enforcement, and consumers, with BPEA as a co-investor; Pinnacle Financial Partners and Invision Capital provided financing for the transaction
  • WhiteWater Express Car Wash, backed by SkyKnight Capital, has acquired Rev Car Wash, a Dallas, TX based car wash operator
  • Additional transactions

Financial Services

  • Patriot Growth Insurance Services, backed by Summit Partners, has acquired Solomon & Solomon Insurance Brokers, a Laguna Hills, CA based independent insurance agency
  • Additional transactions

Healthcare

  • Frazier Healthcare Partners has acquired EPTAM Precision Solutions, a Northfield, NH based manufacturer of medical devices and implants, from New Heritage Capital; William Blair advised on the transaction
  • Additional transactions

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Industrials

  • Palladium Equity Partners has acquired Accupac, a Mainland, PA based provider of manufacturing and packaging solutions to the pharmaceutical and personal care industries, from J.H. Whitney Capital Partners; Lincoln International and Houlihan Lokey advised on the transaction
  • Summit Companies, backed by CI Capital Partners, has acquired (i) Farmington Fire Equipment, based in Farmington, NM, (ii) Bay Line Fire Protection, based in Pinconning, MI based, and (iii) Byrd's Fire Protection, based in Murray, UT; the companies are providers of fire protection and safety products and services
  • Crestone Services Group, backed by Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management, and Post Road Group, has acquired (i) HDD Specialists, a Glendo, WY based provider of horizontal directional drilling services to the natural gas and oil industry, and (ii) Underground Specialties, a Lakewood, CO based provider horizontal directional drilling services to the telecom industry
  • Pioneer Metal Finishing, backed by Aterian Investment Partners, has acquired Pilkington Metal Finishing, a Salt Lake City, UT based provider of metal finishing services; Deloitte Corporate Finance advised on the transaction
  • Consolidated Machine & Tool Holdings, backed by White Wolf Capital, has acquired (i) RLS Machining, an Omro, WI based provider of machining and prototyping services, (ii) Mill Creek Machining, a Paulina, IA based provider of contract machining and assembly services, and (iii) Murphy Machine Products, a Wood Dale, IL based provider of turning, milling, boring, Swiss machining, and light assembly services
  • Additional transactions

TMT

  • Summit Partners has invested in eClinical Solutions, a Mansfield, MA based provider of cloud-based enterprise software to life sciences companies
  • Cority, backed by Thoma Bravo, has acquired Enviance, a Carlsbad, CA based environmental, chemical management, sustainability, and ergonomics software, from Battery Ventures
  • TELEO Capital has acquired Industrial Defender, a Foxborough, MA based provider of cybersecurity and compliance software solutions for Industrial Control Systems
  • Gryphon Investors has acquired Ncontracts, a Brentwood, TN based provider of risk management software for the financial services industry; Atlas Technology Group and Raymond James advised on the transaction
  • Stage Fund has acquired (i) Ontuitive, a Denver, CO based provider of cloud-based learning technologies, (ii) Zeal Technology, a Burlington, MA based provider of employee morale software, and (iii) Mzinga, a Burlington, MA based provider of learning management software
  • Geoforce, backed by LLR Partners, has acquired Trakopolis SaaS Corp, a Calgary, AB based provider of real-time tracking, data analysis, and asset management software
  • 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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