NepFin DealWatch as of July 06, 2020

Jul 07, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding July 07, 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

  • Cook & Boardman Group, backed by Littlejohn & Co, acquired (i) Advantech, a Dover, DE-based provider of security integration and controls services, and (ii) Building Specialties, a Birmingham, AL-based distributor of commercial door and hardware supplies
  • Warren Equity Partners acquired (i) Gunnison Tree Services, based in Atlanta, GA, and (ii) New Urban Forestry, based in Athens, GA; both companies are providers of tree and vegetation management services to commercial, government and residential customers
  • Salt Creek Capital acquired IT Assist, a Newton, PA-based provider of outsourced IT managed services
  • Platinum Equity acquired L&R Distributors, a Brooklyn, NY-based wholesale distributor of consumer products to retailers
  • CloudAccess, backed by Cloud Equity Group, acquired Miller Media, a Bloomfield Hills, MI-based web development and search engine marketing firm
  • Pilot Freight Services, backed by ATL Partners and British Columbia Investment Management Corporation, acquired five of its franchise stations located in the Midwest and along the US-Mexico border
  • H.I.G. Capital acquired Supply Source Enterprises, a manufacturer of branded and private label personal protective equipment and janitorial, safety, hygiene and sanitation products based in Cleveland, OH, from Genuine Parts Company; Harris Williams, Robert W. Baird and JPMorgan advised on the transaction; Ares Management financed the transaction
  • Ankura, backed by Madison Dearborn Partners, acquired Water Street Partners, a Washington, DC-based joint venture and alliance advisory firm; Equiteq advised on the transaction
  • Additional transactions

Consumer

  • Seacoast Capital and St. Cloud Capital invested in AMP Smart, an American Fork, UT-based provider of home security and home automation services
  • Carrick Capital Partners acquired Flatiron School, a New York, NY-based technical bootcamp and other in-demand skills education platform
  • Kinderhook Industries acquired Prairie Dog Pet Products, a Grand Prairie, TX-based producer of branded and private label pet food
  • Additional transactions

Financial Services-1

  • Vida Capital, backed by RedBird Capital Partners and Reverence Capital Partners, acquired Avmont, a New York, NY-based longevity risk-based asset manager and advisor and also backed by RedBird Capital Partners; Houlihan Lokey advised on the transaction
  • BHMS Investments invested in Inszone Insurance Services, a Rancho Cordova, CA-based provider of insurance brokerage services
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Pinnacle Insurance Group of Indiana, a Crown Point, IN-based independent insurance agency
  • Brown Brothers Harriman Capital Partners acquired Sunstar Insurance Group, a Memphis, TN-based independent insurance broker from LNC Partners; Piper Sandler advised on the transaction; LNC Partners remains a debt investor in the company
  • Additional transactions

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Healthcare

  • Anne Arundel Dermatology Management, backed by NMS Capital, acquired Chevy Chase Cosmetic Center, a Chevy Chase, MD-based dermatology practice
  • Cano Health, backed by InTandem Capital Partners, acquired Healthy Partners, a Jupiter, FL-based provider of senior care health services
  • Summit BHC, backed by FFL Partners and Lee Equity Partners, acquired Highland Hospital, a Charleston, WV-based psychiatric facility
  • The Columbus Organization, backed by HealthEdge Investment Partners, acquired Rendon Support Services, a Brandon, FL-based provider of healthcare support coordination services
  • Additional transactions

Industrials

  • CORE Industrial Partners invested in Arizona Natural Resources, a Pheonix, AZ-based provider of custom formulation and contract manufacturing solutions for personal care products
  • Tecta America, backed by Atlas Partners, acquired B&L Sheet Metal & Roofing, a Bloomington, IN-based provider of roofing and architectural metal sheets services
  • Advantage Capital Partners invested in Cady Bags, a Pearson, GA-based producer of polypropylene fabrics and bags
  • Tosca, backed by Apax Partners, acquired Contraload NV, a Belgian-based manufacturer of upstream reusable plastic pallets and containers for the FMCG industry and other commercial markets
  • Kohlberg & Company acquired GPRS Holdings, a Toledo, OH-based provider of advanced scanning services for subsurface infrastructure; CIVC Partners remains a minority investor in the company; Houlihan Lokey and KeyBanc Capital Markets advised on the transaction
  • United Safety and Survivability Corporation, backed by Dubin Clark, acquired QTEC Fire Services, an Australian-based manufacturer of pre-engineered fire suppression systems
  • Paceline Equity Partners acquired R.E.L.A.M., a Glenwillow, OH-based lessor of railroad maintenance-of-way equipment, along with its rail infrastructure and track maintenance service affiliates, Acme Construction Co. and Timiny RR Construction
  • GB Auto Service, backed by Greenbriar Equity Group, acquired Sun Devil Auto Service, a Phoenix, AZ-based auto repair and maintenance company
  • Additional transactions

 

TMT

  • Gryphon Investors acquired 3Cloud, a Downers Grove, IL-based provider of strategic advisory and technical services for the Microsoft Azure cloud platform; Drake Star Partners and William Blair advised on the transaction
  • Inside Real Estate, backed by Lovell Minnick Partners, acquired dashCMA, a Los Angeles, CA-based developer of comparative market analysis software for real estate agents
  • Liquid Web, backed by Madison Dearborn Partners, acquired ServerSide, a Fishers, IN-based provider of managed hosting support services for .NET CMS sites
  • MetroNet, backed by Oak Hill Capital, acquired Jaguar Communications, an Owatonna, MN-based provider of advanced telecommunications to Southeastern Minnesota
  • Congruex, backed by Crestview Partners, acquired Southeast Utilities of Georgia, an Augusta, GA-based provider of self-perform construction services to the telecommunications industry; Emerald Capital Advisors advised on the transaction; KeyBanc Capital Markets financed 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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