NepFin DealWatch as of June 7, 2021

Jun 07, 2021

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

  • Berkshire Partners acquired 3Phase Elevator, a Canton, MA-based provider of elevator and escalator services, from Fort Point Capital; William Blair, Baird, Lift Business Advisors and Maven Group advised on the transaction
  • MacQueen Equipment, backed by Rotunda Capital Partners, acquired Allegiant Emergency Services, a Sioux Falls, SD-based provider of personal safety and firefighting equipment
  • Wind Point Partners acquired American Trailer Rental Group, an Evansville, IN-based provider of trailer rental services, from Milton Street Capital; Lincoln International advised on the transaction
  • Versalift, backed by The Sterling Group, acquired CALCO Equipment, a New Westminster, BC-based distributor of truck-mounted aerial lifts
  • Sun Capital Partners acquired Century Distribution Systems, a Richmond, VA-based provider of supply chain management and freight forwarding services
  • Rogers Mechanical Contractors, backed by Aterian Investment Partners and Craft Work Capital, acquired Coastal Mechanical Services, a Melbourne, FL-based provider of commercial HVAC, mechanical, and plumbing contracting services; Fifth Third Securities, Plante Moran and FMI Capital Advisors advised on the transaction
  • The Arcticom Group, backed by Backcast Partners, acquired (i) CT Control Temp, a Burnaby, BC-based provider of commercial HVAC and refrigeration services, (ii) IHM Mechanical, a Burnaby, BC-based provider of commercial electrical and plumbing services, and (iii) CTR Refrigeration & Food Store Equipment, a Calgary, AB-based provider of commercial HVAC and refrigeration services
  • Quatrro Business Support Services, backed by VSS and Trivest Partners, acquired EAB Solutions, a Chicago, IL-based provider of outsourced finance and human resource services for not-for-profit organizations
  • Escalent, backed by STG Partners, acquired Grail Insights, an Oakland, CA-based provider of strategic consulting services, from NewQuest Capital Partners
  • The JOBS Group, backed by Littlejohn & Co, acquired HSG, a Los Angeles, CA-based provider of building maintenance services
  • Proviso Capital acquired Merchandising Partners, a North Granby, CT-based provider of displays, packaging, and other merchandising products; Generational Equity advised on the transaction
  • Nivel Parts & Manufacturing, backed by Morgan Stanley Capital Partners, acquired Performance Plus Carts, an Auburndale, FL-based retailer of golf car parts and accessories
  • New Mountain Capital acquired Qualus Power Services, a Cincinnati, OH-based provider of engineering and technical field services to utility and private power grid infrastructure, from Mason Wells; Harris Williams advised on the transaction
  • Capital Dynamics and Star Mountain Capital acquired Revcontent, a Sarasota, FL-based provider of content marketing and advertising software; RBC Capital Markets advised on the transaction; BHI financed the transaction
  • Exeter Street Capital Partners acquired Triangle Sign & Service, a Baltimore, MD-based provider of commercial signage, lighting, and facility service solutions; First National Bank financed the transaction
  • Alliance Laundry Systems, backed by BDT Capital Partners, acquired Washburn Machinery, an Elk Grove Village, IL-based provider of commercial laundry equipment
  • Additional transactions

Consumer

  • Right Time Heating and Air Conditioning, backed by Gryphon Investors, acquired Comfort Masters, an Oshawa, ON-based provider of residential HVAC, air quality, and hot water services
  • Granite Comfort, backed by Tiger Infrastructure Partners, acquired Green Air Care, a Buffalo Grove, IL-based provider of residential HVAC services; TrueNorth Capital Partners advised on the transaction
  • Swander Pace Capital acquired Mommy’s Bliss, a Richmond, CA-based provider of over-the-counter health and wellness products for children and mothers; Houlihan Lokey advised on the transaction
  • Guardian Capital Partners invested in Newair, a Cypress, CA-based provider of small and medium-size appliances; Intrepid Investment Bankers advised on the transaction; Graycliff Partners financed the transaction
  • The Halifax Group invested in Southern Siding & Gutters, a Jackson, MS-based installer of siding, roofing, gutters, and exterior home products
  • Incline Equity Partners acquired Starwest Botanicals, a Sacramento, CA-based provider of botanicals, herbs, and spices; Brown Gibbons Lang & Company advised on the transaction
  • Alpine Investors completed the sale of YDesign Group, a Walnut Creek, CA-based provider of lighting and home decor products, to Design Holding, a portfolio company of The Carlyle Group; Financo Raymond James advised on the transaction
  • MPK Equity Partners invested in Zoom Drain, a Philadelphia, PA-based provider of drain and sewer services
  • Additional transactions

Financial Services-1

  • Transworld Systems, backed by Platinum Equity, acquired Account Control Technology Holdings, a Woodland Hills, CA-based provider of debt recovery, accounts receivable, and business process outsourcing services
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired Alliance & Associates, a Jasper, FL-based independent insurance agency
  • HUB International, backed by Hellman & Friedman, acquired Epstein Financial, an East Longmeadow, MA-based provider of corporate consulting, compliance, regulatory guidance, and wealth management services; Wise Rhino Group advised on the transaction
  • OneDigital, backed by Onex Partners, acquired Fiduciary Plan Advisors, a Baltimore, MD-based provider of retirement planning and wealth management services; Park Sutton Advisors advised on the transaction
  • Kensington Vanguard National Land Services, backed by Stone Point Capital, acquired Hometown Title & Escrow, a McLean, VA-based independent title insurance agency
  • Wealth Enhancement Group, backed by TA Associates, acquired Hoover Financial Advisors, a Malvern, PA-based provider of investment advisory services
  • Hub International, backed by Hellman & Friedman, acquired Salvatore Insurance Brokers, a Lower Sackville, NS-based independent insurance agency
  • Propel Insurance, backed by Flexpoint Ford, acquired South Risk Management, a Columbia, SC-based provider of construction-focused insurance consulting services
  • Additional transactions

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Healthcare

  • BelHealth Investment Partners completed the sale of Care Advantage, a Richmond, VA-based provider of at-home care services, to Searchlight Capital Partners; Cantor Fitzgerald and Edgemont Partners advised on the transaction
  • Smile Brands, backed by Gryphon Investors, acquired Eby Dental Care, an Okemos, MI-based provider of dental care services
  • Miami Beach Medical Group, backed by Sun Capital Partners, acquired Florida Family Primary Care Centers, a Tampa, FL-based provider of primary care services
  • Grant Avenue Capital acquired QHR Health, a Brentwood, TN-based provider of healthcare management advisory and support services, from Quorum Health Corporation; Brentwood Capital Partners and Nashville Capital Network also invested alongside Grant Avenue Capital; Brentwood Capital Advisors advised on the transaction; Churchill Asset Management and First Eagle Alternative Credit financed the transaction
  • Choice Health at Home, backed by Coltala Holdings and Trive Capital, acquired Restore Home Health, a Tulsa, OK-based provider of home health services
  • Additional transactions

Industrials

  • Trilantic North America acquired the On-Demand Manufacturing Business of 3D Systems, a Rock Hill, SC-based provider of additive manufacturing services; The newly independent company will operate as QuickParts
  • Aceto, backed by New Mountain Capital, acquired Cascade Chemistry, an Eugene, OR-based provider of contract development and manufacturing services for pharmaceutical and chemical companies; Wombat Capital Markets advised on the transaction
  • Summit Interconnect, backed by HCI Equity Partners, acquired Eagle Electronics, a Schaumburg, IL-based manufacturer of printed circuit boards
  • Imperial Dade, backed by Bain Capital, acquired East Continental Supplies, a Hialeah, FL-based distributor of janitorial supplies and cleaning equipment
  • Artisan Design Group, backed by The Sterling Group, acquired Great Floors, a Coeur d'Alene, ID-based provider of flooring products and installation services
  • Dallas Plastics, backed by Sole Source Capital, acquired Hi-De Liners, an Orange, MA-based manufacturer of blown high-density polyethylene and linear low-density polyethylene film
  • US LBM, backed by Bain Capital, acquired J.P. Hart Lumber, a San Antonio, TX-based distributor of lumber and building materials; the JIAN Group advised on the transaction
  • Imperial Dade, backed by Bain Capital, acquired Moresco Distributing Company, a Petaluma, CA-based distributor of food service packaging
  • Additional transactions

TMT

  • Versar, backed by Kingswood Capital Management, acquired BayFirst Solutions, a Washington, DC-based provider of network engineering, cybersecurity, and intelligence support to the US government; G Squared Capital Partners and Grant Thornton advised on the transaction
  • Meriplex Communications, backed by Clairvest Group, acquired Enhanced Technologies, an Anaheim, CA-based provider of managed IT services
  • Acacia Partners completed the sale of Red River Technology, a Claremont, NH-based provider of managed IT services, to Cerberus Capital Management; Guggenheim Securities and Wells Fargo Securities advised on the transaction
  • Aquiline Capital Partners acquired SurePoint Technologies, a Cincinnati, OH-based provider of practice management software to law firms, from Parker Gale; Raymond James advised on the transaction
  • Fully Managed, backed by Kayne Partners, acquired Wappo Information Services, a Calgary, AB-based provider of managed IT and cloud 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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