NepFin DealWatch as of June 22, 2020

Jun 22, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding June 22, 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

  • Paine Schwartz Partners invested in AgroFresh Solutions, a Philadelphia, PA-based provider of fresh produce solutions and services; BMO Capital Markets and Evercore advised on the transaction
  • Improving Holdings, backed by Trinity Hunt Partners, acquired iTexico, an Austin, TX-based provider of end-to-end software development and digital services
  • Trinity Hunt Partners acquired Keste, a Plano, TX-based digital business consulting firm focused on enterprise-grade integrated B2B and e-commerce solutions
  • CAI Software, backed by Main Street Capital, acquired complementary business in the supply chain and warehouse management systems industry; the transaction was financed by a follow-on investment by Main Street Capital
  • J.S. Held, backed by Kelso Private Equity, acquired VWM Analytics, a Los Angeles, CA-based economic consulting and forensic accounting firm
  • Additional transactions

Consumer

  • Goettl Air Conditioning, backed by Baum Capital Partners, acquired Eternal Services & Plumbing Solutions, a Las Vegas, NV-based provides residential and commercial plumbing services
  • RedBird Capital Partners invested in Main Event Entertainment, a Plano, TX-based operator of bowling focused family-entertainment centers founded by Ardent Leisure, a publicly-traded Australian company; Goldman Sachs advised on the transaction
  • L Catterton invested in Petlove, a Sao Paolo, Brazil-based online pet shop for the Brazilian market
  • Additional transactions

Financial Services-1

  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Dan Woron Insurance Agency, a Port St. Lucie, FL-based independent insurance agency
  • Satori Capital invested in Faraday Capital, a San Rafael, CA-based investment advisor focused on municipal bond trading strategies
  • Perella Weinberg Partners spun off its growth equity group, now operating as GreyLion Capital, based in New York, NY, focusing on investing in the lower middle market
  • Relation Insurance Services, backed by Aquiline Capital Partners, acquired Summers Thompson Lowry, a Raleigh, NC-based insurance brokerage firm
  • Integrity Marketing Group, backed by Harvest Partners, acquired McNerney Management Group, a Columbia, MO-based provider of life and health insurance products
  • Additional transactions

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Healthcare

  • Planet DDS, backed by Level Equity, acquired Apteryx Imaging, a Vancouver, BC-based provider of diagnostic imaging software and device technologies to dentists & oral health specialists
  • Inverness Graham Investments acquired Catheter & Medical Design, a Roseville, MN-based developer and and manufacturer of catheters and catheter shafts
  • Lee Equity acquired Integrated Medical Professionals, a Farmingdale, NY-based multi-specialty physician group specializing in urology, radiation oncology, and pathology; Cross Keys Capital advised on the transaction
  • Pinnacle Dermatology, backed by Chicago Pacific Founders, acquired Lehman Advanced Dermatology, a Clarksville, TN-based operator of a dermatology practice
  • BayMark Health Services, backed by Webster Equity Partners, acquired Narcotic Addiction Treatment Agency, a Sun Valley, CA-based operator of an an opioid treatment program (OTP) providing medication-assisted treatment (MAT)
  • Velocity Clinical Research, backed by NaviMed Capital, acquired two clinical research sites: (i) Omega Medical Research based in Providence, RI, and (ii) Buynak Clinical Research based in Valparaiso, IN
  • Lee Equity Partners acquired The Urology Group, a Cincinatti, operator of an independent group of urologists and other specialists; Provident Healthcare Partners advised on the transaction; Antares Capital, Capital One Finance and Oaktree Capital Management financed the transaction
  • Additional transactions

Industrials

  • Clairvest Group invested in Arrowhead Environmental Partners, a landfill located in Uniontown, AL and providing non-hazardous solid waste management and disposal services
  • Cyprium Partners invested in Chief Enterprises, an Elmhurst, IL-based distributor of electrical connectors, electro-mechanical components, and customized assemblies
  • National Carbon Technologies, backed by Sandton Capital Partners, acquired the biocarbon business of Cool Planet, a Greenwood Village, CO-based agricultural technology company focused on soil health and carbon-based agricultural solutions
  • C-P Flexible Packaging, backed by First Atlantic Capital, acquired Genpak Flexible, a Charlotte, NC-based supplier of compostable packaging, rollstock and pouches, from The Jim Pattison Group
  • NorthStar Group Services, backed by J.F. Lehman & Company, acquired Heneghan Wrecking & Excavating Co. and Patrick's Equipment Leasing; both are Chicago, IL-based providers of structural and interior deconstruction, excavation and emergency response services for commercial and industrial clients
  • Vessco Holdings, backed by O2 Investment Partners, acquired Kennedy Industries, a Byron Center, MI-based provider of water and waste water equipment and services
  • Brook & Whittle, backed by Snow Phipps Group, acquired Label Impressions, an Orange, CA-based manufacturer of packaging and labels
  • Revere Plastics Systems, backed by Ardian Holding, acquired the Auburn, AL and Ankeny, IA plastic injection molding facilities of Techniplas, a Nashotah, WI-based designer and manufacturer of engineered products and services
  • Trinity Consultants, backed by Levine Leichtman Capital Partners, acquired Vision Environment Australia, a Queensland, Australia-based provider of water quality monitoring services for industrial projects
  • Additional transactions

 

TMT

  • ATP, backed by ParkerGale Capital, acquired Flightdocs, a Bonita Springs, FL-based provider of aircraft maintenance tracking and inventory management solutions within business aviation; GCA Advisors advised on the transaction
  • Accel-KKR invested in PINC, an Union City, CA-based provider of yard management systems and solutions
  • 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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