NepFin DealWatch as of January 4, 2021

Jan 04, 2021

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding January 04, 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

  • Brightstar Capital Partners acquired Amerit Fleet Solutions, a Walnut Creek, CA-based provider of outsourced fleet maintenance services
  • Doxim, backed by GI Partners, acquired Laser Print Plus, a Columbia, SC-based provider of customer communication services
  • Additional transactions

Consumer

  • Manna Pro Products, backed by The Carlyle Group, acquired Bullymake, a Farmers Branch, TX-based provider of pet product subscription boxes
  • Goldman Sachs Growth invested in Echelon Fitness, a Chattanooga, TN-based provider of fitness products and online classes; existing investor North Castle Partners participated in the round; Piper Sandler advised on the transaction
  • Gryphon Investors acquired Right Time Heating and Air Conditioning, a St. Catharines, ON-based provider of HVAC repair and replacement services, from Clairvest Group; Moelis & Company and BMO advised on the transaction
  • ForgeLight and Searchlight Capital Partners acquired Univision Communications, a New York, NY-based provider of Hispanic television content
  • Additional transactions

Financial Services-1

  • Constellation Affiliated Partners, backed by RedBird Capital Partners, acquired (i) Coastal Insurance Underwriters, a Ponte Vedra Beach, FL-based provider of insurance program administration services, and (ii) Cybercom, a Ponte Vedra Beach, FL-based provider of technology development services
  • AssuredPartners, backed by GTCR and HarbourVest Partners, acquired Dawson, Taylor & Company, an Augusta, GA-based independent insurance agency
  • AssuredPartners, backed by GTCR and HarbourVest Partners, acquired National Benefit Programs, a Columbus, OH-based provider of health and welfare benefits consulting services
  • OrthoFi, backed by Accel-KKR, acquired OrthoBanc, a Chattanooga, TN-based provider of orthodontic patient financial management services
  • Additional transactions

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Healthcare

  • Olympus Partners acquired ONsite Mammography, a Westfield, MA-based provider of women's health imaging services; William Blair & Company advised on the transaction
  • Discovery Behavioral Health, backed by Webster Equity Partners, acquired Prosperity Wellness Center, a Tacoma, WA-based provider of substance abuse treatment services
  • Additional transactions

Industrials

  • J.F. Lehman & Company acquired CTS Engines, a Fort Lauderdale, FL-based provider of maintenance, repair, and overhaul services for mature aircraft engines, from Platte River Equity; Lincoln International and William Blair advised on the transaction; Barings Finance and Siemens Financial Services financed the transaction
  • iNRCORE, backed by The Jordan Company, acquired Gowanda Components Group, a Gowanda, NY-based manufacturer of electronic components, from Addison Capital Partners
  • Drew Foam Companies, backed by Wynnchurch Capital, acquired Huntington Foam, a Greer, SC-based manufacturer of expanded polystyrene products
  • Specialty Welding and Turnarounds, backed by ORIX Capital Partners and Hastings Equity, acquired (i) Hydroprocessing Associates, a Moss Point, MS-based provider of catalyst handling services for oil and gas refineries and petrochemical facilities, and (ii) Breathing Systems, a Pensacola, FL-based provider of life support systems worn by workers conducting catalyst change-out services
  • Imperial Dade, backed by Bain Capital, acquired Industrial Soap Company, a St. Louis, MO-based distributor of janitorial supplies
  • Clearlake Capital acquired PrimeSource, an Irving, TX-based distributor of specialty building materials, from Platinum Equity; Moelis & Company advised on the transaction
  • TMS International, backed by DNS Capital and The Pritzker Organization, acquired Stein, a Cleveland, OH-based provider of industrial services to steel producers
  • Kinderhook Industries acquired VESTA Modular, a Southfield, MI-based provider of temporary and permanent modular space solutions, from Balmoral Funds
  • Additional transactions

TMT

  • HealthEdge Software, backed by The Blackstone Group (BX), acquired Altruista Health, a Reston, VA-based provider of care management software, from Martis Capital; TripleTree advised on the transaction
  • CenterGate Capital acquired Soroc Technology, a Woodbridge, ON-based provider of outsourced IT services
  • 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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