NepFin DealWatch as of June 8, 2020

Jun 09, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding June 09, 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

  • Pace Analytical Services, backed by Aurora Capital Partners, acquired Aerobiology Laboratory Associates, a Dulles, VA-based operator of environmental microbiology testing laboratories
  • Summit Partners invested in Appway, a Zurich, Switzerland provider of business process automation software focused on customer management for financial institutions
  • Salesforce Ventures and Sverica Capital Management invested in Coastal Cloud, a Palm Coast, FL-based independent Salesforce consulting partner
  • Effectual, backed by Catalyst Investors and Lumerity Capital, acquired Five Talent, a Bend, OR-based technology consultancy and custom software development firm
  • Access Information Management, backed by Berkshire Partners and GI Partners, acquired three records and information management companies: (i) International Data Depository based in Miami, FL (ii) Off-Site Records Management based in Lexington, KY, and (iii) ImageFreeway based in Atlanta, GA
  • Matrix Sciences International, backed by Imperial Capital, acquired Lapuck Laboratories, a Canton, MA-based provider of testing and consulting services to the food and healthcare industry
  • Performant Capital formed Dealer Holdings and acquired (i) MyShopManager, based in Odessa, FL, and (ii) uNotifi, based in Houston, TX, creating a platform for marketing automation software and services to automobile repair facilities and dealer service centers; RF Investment Partners provided debt and equity financing for the transaction
  • Navisite, backed by Madison Dearborn Partners, acquired Privo, a Woburn, MA-based AWS Premier Consulting Partner providing DevOps, EUC, and cloud optimization services
  • Connexity, backed by Symphony Technology Group, acquired SkimLinks, a London, UK-based provider of e-commerce monetization solutions by connecting publishers to retailers; JEGI advised on the transaction; WhiteHorse Capital financed the transaction
  • Evergreen Coast Capital and Siris Capital Group invested in TravelPort, a Langley, UK-based provider of travel commerce technology for businesses
  • Silver Lake led an investment in Vacasa, a Portland, OR-based provider of a vacation rental management platform; Level Equity and Riverwood Capital participated in the financing
  • Additional transactions

Consumer

  • Orbit Irrigation, backed by Platinum Equity, acquired the garden business and related assets of Bond Manufacturing; PNC Bank served as administrative agent and lender with Steel City Capital Funding
  • Architect Equity acquired Faultless Brands, a Kansas City, MO-based manufacturer of branded products for fabric care, household cleaning, and commercial laundry products
  • Turkey Hill, backed by Peak Rock Capital, acquired an ice cream production facility located in Searcy, AR from Yarnell's Ice Cream
  • Additional transactions

Financial Services-1

  • Red Door Capital Partners acquired Authvia, a Los Angeles, CA-based developer of conversational-based payment solutions
  • Applied Underwriters, backed by Quadrant Management, acquired Blue Ridge Specialty, a Greenville, SC-based managing general underwriter (MGU) for the placement of trucking related risks
  • Sunstar Insurance Group, backed by LNC Partners, acquired Farris Insurance Agency, a Springdale, AR-based insurance agency
  • HUB International, backed by Hellman & Friedman, acquired HB Consultants, a Calgary, AB-based independent employee benefits consulting firm
  • Integrity Marketing Group, backed by Harvest Partners and HGGC, acquired Tri-State Financial, an East Hanover, NJ-based independent insurance agency
  • Additional transactions

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Healthcare

  • Phoenix Rehabilitation, backed by Audax Private Equity, acquired CACC Physical Therapy, an Aurora, CO-based provider of outpatient physical therapy clinics; Quadriga Partners advised on the transaction
  • US Digestive Health, backed by Amulet Capital Partners, acquired Carlisle Digestive, a Carlisle, PA-based gastroenterology practice and clinic
  • Foot & Ankle Specialists of the Mid-Atlantic, backed by New Mainstream Capital, acquired Carolina Foot and Ankle, a Huntersville, NC-based practice group specializing in podiatric medicine
  • Rubicon Technology Partners made a majority investment in Central Logic, a Sandy, UT-based provider of patient orchestration and tools to accelerate care access; Mercato Partners Traverse Fund remains a minority investor; Ziegler advised on the transaction
  • Osceola Capital acquired Central Medical Group, a Flanders, NJ-based provider of outsourced equipment management solutions for hospices
  • BioMatrix Specialty Pharmacy, backed by ACON Investments, acquired City Drugs, a New York, NY-based pharmacy
  • Enhance Healthcare Partners acquired and merged (i) Synergy Surgicalists, based in Bozeman, MT, and (ii) EA Health Solutions, based in San Diego, CA, to form EA-Synergy, a provider of specialty physician on-call compensation solutions and services; Brown Gibbons Lang & Company advised on the transaction
  • Traditions Health, backed by Dorilton Capital, acquired Hospice with Grace, a Katy, TX-based provider of hospice services
  • Resolute Capital Partners invested in Routinify, a Denver, CO-based provider of remote care management solutions for the senior care market
  • CRH Healthcare, the parent company of Peachtree Immediate Care backed by Freeman Spogli, acquired the urgent care center of St. Francis Hospital, a Columbus, GA-based hospital with inpatient, outpatient and emergency room services
  • GHO Capital acquired X-Chem, a Waltham, MA-based provider of DNA-Encoded Library (DEL)-based discovery services, from Hellman & Friedman and The Carlyle Group; BlackArch Partners and PwC advised on the transaction
  • Additional transactions

Industrials

  • Shamrock Capital Advisors acquired Adweek, a New York, NY-based provider of news and insight for the brand marketing ecosystem, from Beringer Capital; CG Petsky Prunier advised on the transaction
  • Blue Sage Capital invested in Barricades Unlimited, a Lubbock, TX-based service provider of traffic control, pavement marking, guardrail installation and related equipment rentals and sales; Baird advised on the transaction
  • Energy Capital Partners acquired the CenterPoint Energy Services business from CenterPoint Energy, based in Houston, TX; the business will operate under the Symmetry Energy Solutions brand
  • AE Industrial Partners formed Redwire Space following the merger and acquisition of Deep Space Systems, a Littleton, CO-based provider of space systems engineering services for advanced space systems, components, and exploration spacecraft, with its existing portfolio company, Adcole Space; BRG Capital Advisors advised on the transaction
  • HMT, backed by Tailwind Capital, acquired Dunham Engineering, a Minneapolis, MN-based structural and corrosion engineering firm specializing in tanks and towers
  • Pexco, backed by AEA Investors, acquired Exlon Extrusion, a Greensboro, NC-based precision extruder of plastic tubing specializing in high-performance polymer products
  • Arcline Investment Management acquired Glebar, a Ramsey, NJ-based provider of metal cutting machine tools and turnkey precision grinding systems, and financed Glebar's acquisition of Everite Machine Products, a Pennsauken, NJ-based supplier of electrochemical grinding (ECG) technology; Piper Sandler advised on the transaction
  • Kinderhook Industries acquired Original One Parts, a Dallas, TX-based provider of recycled and refinished certified original equipment manufacturer (OEM) auto parts
  • Grede, a Southfield, MI-based producer of ductile iron and backed by Gamut Capital Management, acquired the Waukesha foundry assets of Renaissance Manufacturing Group
  • Copperweld Group, backed by Kinderhook Industries, acquired Seminole Wire & Cable, a Pennsauken, NJ-based supplier of specialty wire and cable products
  • Wellspring Capital Management acquired Steele Solutions, a Franklin, WI-based designer and manufacturer of complex steel infrastructure; Baird advised on the transaction
  • Banner Industries, backed by MiddleGround Capital, acquired (i) Supra Alloys, based in Camarillo, CA and (ii) EDGE International, based in Dayton, OH; both companies are value-added stocking distributors of metal bar, plate and sheet product and will be merged with Banner, a portfolio company of MiddleGround Capital
  • H.I.G. Capital acquired USALCO, a Baltimore, MD-based provider of aluminum-based chemicals for water treatment and manufacturing processes; KPMG Corporate Finance advised on the transaction
  • Additional transactions

 

TMT

  • Sirius Computer Solutions, backed by Clayton, Dubilier & Rice, acquired Advanced Systems Group, a Thornton, CO-based provider of IT data center solutions
  • FirstLight Fiber, backed by Antin infrastructure Partners, acquired BestWeb, a Croton-On-Hudson, NY-based service provider for internet, data and telephone services in the lower Hudson Valley; Bank Street Group advised on the transaction
  • GI Partners acquired Blue Stream Fiber, a Coral Springs, FL-based provider of gigabit-speed broadband and other telecom services to residential and commercial customers, from Twin Point Capital; Lazard Middle Market advised on the transaction
  • Netreo, backed by Software Growth Partners, acquired CloudMonix, an Arlington Heights, IL-based developer of cloud infrastructure monitoring software with a focus on Microsoft Azure
  • FirstLight Fiber, backed by Antin infrastructure Partners, acquired the Western New York fiber assets of DFT Communications, a Fredonia, NY-based telecommunication company
  • Storable, backed by Cove Hill Partners, acquired Easy Storage Solutions, a St. George, UT-based developer of software and services for the self storage industry
  • WatchGuard Technologies, backed by Francisco Partners and Vector Capital, acquired Panda Security, a Bilbao, Spain advanced endpoint protection provider; Jefferies 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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