NepFin DealWatch as of July 20, 2020

Jul 20, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding July 20, 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

  • Starr Investment Holdings invested in ACA Compliance Group, a New York, NY-based provider of governance, risk, and compliance (GRC) advisory services and technology solutions
  • Valsoft acquired AllTrust Networks, a Herndon, VA-based provider of end-to-end check cashing solutions software
  • BV Investment Partners acquired Becklar, an Ogden, UT-based platform of critical life safety technology and services companies; The Edmonds Group advised on the transaction
  • TriVest Partners invested in Fortress Brand, a New York, NY-based full-service retail agency specializing in Amazon and other online ecosystem-based brands
  • ABS Capital Partners invested in GuidePoint Security, a Herndon, VA-based provider of cybersecurity solutions and services; AGC Partners advised on the transaction
  • Lexitas, backed by Apax Partners, acquired Lumen Legal, a Troy, MI-based provider of outsourced legal services specializing in commercial contract and document review and legal staffing
  • RLH Equity Partners invested in MCA Connect, a Denver, CO-based system integrator specializing in implementation of Microsoft business application technology for manufacturing companies
  • OneDigital Health and Benefits, backed by New Mountain Capital, acquired Montgomery Retirement Plan Advisors, a Tampa, FL-based retirement plan consulting firm focused on employer sponsored retirement plans; Wise Rhino Group advised on the transaction
  • OEConnection, backed by Genstar Capital, acquired NuGenIT, a Lenexa, KS-based provider of information management tools for the automotive repair industry
  • Universal Background Screening, backed by SNH Capital Partners, acquired OPENonline, a Scottsdale, AZ-based provider of employment background checks and investigative services
  • Cumming Group, backed by Tailwind Capital, acquired PlanB Consultancy, a Portland, OR-based provider of cost management and quantity surveying services for chip manufacturers, data centers and other technology facilities
  • OneDigital Health and Benefits, backed by New Mountain Capital, acquired the employee benefits and retirement practice of Service Planning Corporation, a Fort Lauderdale, FL-based provider of health insurance and financial services consulting services for employers and individuals
  • Highmetric, backed by The Acacia Group, acquired Vorto, a London, UK-based provider of enterprise service management transformation services
  • Align Capital Partners invested in WilliamsMarston, a Boston, MA-based accounting advisory and management consulting firm; BellMark Partners advised on the transaction
  • GardaWorld Security, backed by BC Partners, acquired WorldAware, an Annapolis, MD-based security risk management firm
  • Additional transactions

Consumer

  • Service Champions, backed by CenterOak Partners, acquired ABC Cooling Heating & Plumbing, a Hayward, CA-based provider of residential air conditioning and plumbing repair services
  • Groundworks, backed by Cortec Group and Succession Capital Partners, acquired Foundation Systems of Michigan, a Livonia, MI-based provider of foundation, crawlspace and basement repair services
  • Catalyst Acoustics Group, backed by The Stephens Group, acquired Fräsch, an Arlington, TX-based provider of polyester-based noise control products
  • Right Time Heating and Air Conditioning Canada, backed by Clairvest Group, acquired Moore & Russell Heating, a Coquitlam, BC-based provider of residential HVAC and hot water services
  • Bridge Lake Partners acquired Siege Sports, a Detroit, MI-based supplier of custom athletic uniforms and apparel
  • Additional transactions

Financial Services-1

  • Bow River Capital acquired Altvia, a Broomfield, CO-based developer of cloud-based tools and software for private capital markets firms; Corum Group advised on the transaction
  • Amynta Group, backed by Madison Dearborn Partners, acquired the surety insurance operations of Aspen Insurance Holdings; Aspen Insurance Holdings is backed by Apollo Global Management; GC Securities advised on the transaction
  • Cadiz Capital Holdings acquired Dream Exchange, a Chicago, IL-based stock exchange focused on small business capital formation and diversity
  • AssuredPartners, backed by GTCR, acquired ENV Insurance Agency, a Liverpool, NY-based independent insurance agency
  • Bain Capital Credit and Keystone Insurers Group formed Keystone Agency Investors, a joint venture platform to acquire and invest in U.S. retail insurance agencie, and acquired (i) L. Calvin Jones, based in Canfield, OH, and (ii) Duncan Financial Group, based in Irwin, PA
  • Integrity Marketing Group, backed by Harvest Partners and HGGC, acquired McClain Insurance, a Hesperia, CA-based independent insurance agency
  • Bonaccord Capital Partners invested in Spear Street Capital, a San Francisco, CA-based owner and operator of office properties; Berkshire Global Advisors advised on the transaction
  • Creative Planning, backed by General Atlantic, acquired Thun Financial Advisors, a Madison, WI-based registered investment advisory (RIA) firm
  • Additional transactions

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Healthcare

  • Madison Dearborn Partners acquired Benefytt Technologies, a Tampa, FL-based health insurance technology company and distributor of Medicare-related health insurance plans; BofA Securities and SunTrust Robinson Humphrey advised on the transaction; Truist Bank financed the transaction
  • EW Healthcare Partners invested in Cardiva Medical, a Santa Clara, CA-based medical device company focused on vascular closure; existing investors Luther King Capital Management, PTV Healthcare Capital, and Evidity Health Capital also participated in the financing
  • Foundation Consumer Healthcare, backed by Juggernaut Capital Partners and Kelso Private Equity, acquired seven consumer brands from GSK Consumer Healthcare
  • Eversana, backed by JLL Partners and Water Street Healthcare Partners, acquired HVH Precision Analytics, a Wayne, PA-based developer of predictive analytics platform for the healthcare industry
  • Remote Medical International, backed by Columbia Pacific Management, acquired SSI Group, a Southampton, UK-based provider of emergency response medical services for the oil and gas and renewable energy sectors
  • Additional transactions

Industrials

  • Eberhart Capital acquired Barrett's Equipment, an Englewood, FL-based equipment rental company for consumer and commercial construction markets
  • Orchard & Vineyard Supply, backed by Clearview Capital, acquired Cascade Water Systems, a Lafayette, OR-based provider of water pumping and irrigation systems serving wineries, vineyards, orchards and others
  • Sweeping Corporation of America, backed by Soundcore Capital Partners, acquired Envirosweep, an Indianapolis, IL-based provider of street sweeping services to municipal and commercial customers
  • NMS Capital acquired Exo Group, a Magnolia, TX-based provider of data and analytics-driven asset inspection and remediation services of steel infrastructure; ADG Venture Group advised on the transaction
  • ChromaScape, backed by Capital Partners, acquired Greenville Colorants, a New Brunswick, NJ-based processor of liquid and powder dyes
  • GHK Capital acquired Hasa, a Saugus, CA-based manufacturer and distributor of water treatment chemicals and ancillary products; Baird advised on the transaction; Comvest Credit Partners and Goldman Sachs Specialty Lending financed the transaction
  • Maroon Group, backed by CI Capital Partners, acquired Holland Chemicals, a Burr Ridge, IL-based distributor of specialty chemicals and ingredients
  • Sageview Capital invested in Intelligent Imaging Systems and its subsidiary, Drivewyze, both based in Edmonton, AB-based; the companies specialize in providing services and solutions for the transportation industry; DC Advisory advised on the transaction
  • GreyLion Capital acquired Metal Era, a Waukesha, WI-based manufacturer of high-performance roofing products focused on metal edge and ventilation solutions; Antares financed the transaction
  • Tecta America, backed by Atlas Partners, acquired Pro-Tec Roofing and Sheet Metal, a Watertown, SD-based full-service commercial roofing company
  • Technimark, backed by Pritzker Private Capital, acquired Tool & Plastic Industries, a Longford, Ireland-based supplier of precision injection molded plastic components for the medical device, pharmaceutical and consumer product sectors
  • Core & Main, backed by Clayton, Dubilier & Rice, acquired Water Works Supply Co., a Pompton Plains, NJ-based waterworks distributor
  • Additional transactions

 

TMT

  • Insightsoftware, backed by TA Associates, acquired Event 1 Software, a Vancouver, WA-based developer of data analysis and integration solutions focused on construction and real estate
  • Accel-KKR invested in Forcura, a Jacksonville, FL-based developer of healthcare technology focused on data and information management
  • Xact Data Discovery, backed by JLL Partners, acquired LightSpeed, a Washington, DC-based provider of eDiscovery services; Arbor Ridge Partners advised on the transaction
  • Jobvite, backed by K1 Investment Management, acquired Predictive Partner, a Carmel, IN-based data science consulting firm
  • Sumeru Equity Partners invested in SocialChorus, a San Francisco, CA-based workforce communications SaaS company; GCA Advisors and Union Square Advisors advised on the transaction
  • Syniti, backed by Bridge Growth Partners, acquired Virtyx Technologies, a Boston, MA-based provider of AI-powered automatic monitoring and analytics
  • Mobileum, backed by Audax Private Equity, acquired SIGOS, a Nuremberg, Germany-based provider of active end-to-end domestic and roaming testing solutions for the telecom sector, from Thoma Bravo; Lincoln International 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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