NepFin DealWatch as of June 15, 2020

Jun 15, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding June 15, 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

  • Silversmith Capital Partner invested in Appfire, a Burlington, MA-based developer of apps for software development teams to enhance collaboration tools
  • Spectrum Equity invested in CINC Systems, a Duluth, GA-based provider of SaaS solutions for the community association industry
  • Summit Partners invested in CoderPad, a San Francisco, CA-based platform for assessing technical skills
  • Therma Holdings, backed by Gemspring Capital, acquired Gilbert LLC, an Edina, MN-based provider of engineering and construction services
  • Trinity Hunt Partners acquired Juris Medicus, a San Antonio, TX-based provider of medical expert sourcing and case management legal process outsourcing (LPO) services
  • UnitedLex, backed by CVC Capital Partners, acquired the Data Science, Analysis and Investigations (DSAI) team and AI-technology services business from Paul Hastings, a Los Angeles, CA-based full-service law firm
  • ECi Software Solutions, backed by Apax Partners, acquired Prosperity Computer Solutions, a Big Sandy, TX-based developer of software for the lumber, building materials (LBM) and hardlines industry
  • Wavecrest Growth Partners invested in Stirista, a San Antonio, TX-based digital marketing agency specializing in target audience data, email services, and digital display advertising
  • FirstLight Fiber, backed by Antin infrastructure Partners, acquired TruePath Technologies, a Fairport, NY-based provider of enterprise monitoring software, hardware, and services; Clayton Capital Partners advised on the transaction
  • Additional transactions

Consumer

  • National Seating & Mobility, backed by Cinven, acquired Active Mobility Products, a Kelowna, BC-based provider of mobility, home and vehicle accessibility products and solutions, from Cinven
  • Groundworks, backed by Succession Capital Partners, acquired AFS Foundation & Waterproofing Specialists, a Huntsville, AL-based provider of foundation, crawlspace and basement repair services
  • Brynwood Partners acquired the North American Buitoni business, a manufacturer of refrigerated pasta, sauces and cheese products, from Nestlé; the newly formed portfolio company, Buitoni Food Company, is based in Stamford, CT-based
  • New Harbor Capital acquired Fix-It 24/7, an Arvada, CO-based provider of non-discretionary home maintenance, repair, and replacement services, across HVAC, electrical, and plumbing
  • Advantage Capital Partners invested in GAXtracts, a Watkinsville, GA-based processor of industrial industrial hemp for pharmaceutical ingredient applications
  • Mammoth Holdings, backed by Red Dog Equity, acquired PitStop, an operator of express conveyor car washes located in Alabama, Mississippi, and Louisiana; Monroe Capital financed the transaction
  • Tegra118, backed by Motive Partners, acquired RetireUp, a Libertyville, IL-based provider of retirement planning technology
  • North Castle Partners invested in Sparx Hockey, an Acton, MA-based manufacturer of skate sharpening equipment and related accessories for ice hockey, figure skating and sled hockey
  • Additional transactions

Financial Services-1

  • Republic Capital Group invested in Creativemass, a New York, NY-based developer of software for financial services and wealth management solutions
  • McLarens, backed by Lee Equity, acquired Lloyd Warwick International, a London, UK-based specialty loss and insurance adjuster
  • Starstone, a Hamilton, Bermuda-based underwriter of property and casualty insurance products for small to mid-sized businesses received an investment from Aquiline Capital Partners, Dragoneer Investment Group and SkyKnight Capital; Enstar Group Limited remains a minority investor
  • Worldwide Facilities, backed by Genstar Capital, acquired Strategic Underwriting Solutions, a Green Bay, WI-based provider of outsourced health insurance underwriting services; Dowling Hales and Marsh Berry & Company advised on the transaction
  • HUB International, backed by Hellman & Friedman, acquired The Clements Agency, a Tucson, AZ-based independent insurance agency
  • AssuredPartners, backed by GTCR, acquired Williams & Williams, a Smithtown, NY-based insurance brokerage firm
  • Additional transactions

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Healthcare

  • ERT, backed by Nordic Capital, acquired APDM Wearable Technologies, a Portland, OR-based digital health company providing sensor-based solutions for quantifying human movement
  • Francisco Partners invested in Kryuus, a Boston, MA-based provider of healthcare provider search and scheduling solutions for health systems
  • NewSpring Healthcare and TT Capital Partners invested in MacroHealth, a Kirkland, WA-based provider of healthcare network optimization and claims settlement services
  • Kinderhook Industries acquired (i) Paramount Specialty Pharmacy based in Melville, NY, and (ii) PharmBlue Holdings based in Warrendale, PA; both providers of pharmacy solutions focused on Covered Entities
  • ASP Global, backed by Incline Equity Partners, acquired Shumsky Therapeutic Pillows, a Dayton, OH-based distributor of therapeutic pillows to hospitals that aid in pre-surgery education and post-surgery patient comfort
  • JLL Partners and Water Street Healthcare Partners acquired Solvias, a Kaiseraugst, Switzerland-based provider of contract research, development and manufacturing for the pharmaceutical industry
  • Chr. Hansen acquired UAS Laboratories, a Madison, WI-based supplier and manufacturer of probiotic solutions, from Lakeview Equity Partners; Lincoln International advised on the transaction
  • Additional transactions

Industrials

  • Fralock, backed by Arsenal Capital Partners, acquired Career Technologies, a Chatsworth, CA-based manufacturer and designer of flexible, rigid, and rigid-flex circuits and related assemblies
  • Kinderhook Industries acquired EcoSouth Services, an Axis, AL-based provider of waste management services
  • Capital Waste Services, LLC, backed by Kinderhook Industries, acquired Priority-1 Residential, a Ridgeville, SC-based municipal waste collection company; Comerica Bank financed the transaction
  • Chemtron Corporation, backed by Kinderhook Industries, acquired Vexor Technology, a Medina, OH-based provider of non-hazardous waste processing services and alternative energy solutions; Comerica Bank financed the transaction
  • Baldwin Technology Company, backed by BW Forsyth Partners, acquired Western Quartz Products, a Paso Robles, CA-based manufacturer of quality medium pressure ultraviolet (UV) lamps for industrial applications
  • Additional transactions

 

TMT

  • Xenon Partners acquired UXPin, a Gdańsk, Poland-based developer of a collaborative design and prototyping platform for building digital products
  • Orion Innovation acquired Zodiac Systems, a Hicksville, NY-based developer of cloud and device video service delivery software; both companies were portfolio companies of One Equity Partners
  • VertiGIS, backed by Battery Ventures, acquired Mapcom Systems, a Richmond, VA-based developer of telecommunications software and services for communication service providers
  • 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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