NepFin DealWatch as of June 29, 2020

Jun 29, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding June 29, 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

  • PDFTron Systems, backed by Silversmith Capital Partners, acquired ActivePDF, a Laguna Niguel, CA-based provider of server-side PDF automation tools and digital transformation solutions; Deloitte Canada advised on the transaction; First Eagle Alternative Credit financed the transaction
  • Ridgemont Equity Partners acquired American Safety Council, an Orlando, FL-based provider of mandatory training, education, and certification solutions to regulated end markets, from Falfurrias Capital Partners; Robert W Baird & Company and William Blair advised on the transaction; AB Private Credit Investors, Benefit Street Partners and Churchill Asset Management financed the transaction
  • HGGC and Level Equity invested in Aventri, a Norwalk, CT-based provider of in-person and online event and meeting management solutions
  • Appfire, backed by Silversmith Capital Partners, acquired Botron Software, a Bulgarian-based provider of tools for enterprise-level change and configuration management within Jira; The Cosine Group advised on the transaction
  • Mitratech, backed by HgCapital and TA Associates, acquired CMPG, a Blue Ash, OH-based provider of risk management software for the financial services, healthcare, and insurance industries
  • Wind Point Partners acquired Corbett Technology Solutions, a Chantilly, VA-based provider of communications engineering and design solutions, from Tower Arch Capital; Cowen advised on the transaction
  • MHC Software, backed by Strattam Capital, acquired Ecrion Software, a Rockville, MD-based provider of customer communication management and customer experience automation software and services
  • Elm Street Technology, backed by Aquiline Capital Partners, acquired IDX Broker, an Eugene, OR-based provider of real estate search applications and marketing solutions, from Main Street Capital; Vaquero Capital advised on the transaction
  • Great Hill Partners acquired Storyblocks, an Arlington, VA-based provider of stock video, audio and images; Lightning Partners and GCA Advisors advised on the transaction
  • Additional transactions

Consumer

  • Clarke Capital Partners and Ikonifi, a digital marketing agency, acquired the assets of Brandless.com, a San Francisco, CA-based direct-to-consumer business for the consumer packaged goods industry
  • Eagle Merchant Partners invested in Code Ninjas, a Pearland, TX-based provider of education services teaching kids from ages 7-14 to code; The McLean Group advised on the transaction
  • Heartland Home Services, backed by North Branch Capital, acquired First Call, a Jenison, MI-based provider of residential plumbing services
  • Lightyear Capital acquired HealthPlanOne, a Trumbull, CT-based provider of online tools for consumers to compare and purchase Medicare plans and other enrollment solutions; Peloton Equity remains a minority shareholder in the company; Baird advised on the transaction
  • Additional transactions

Financial Services-1

  • Harbour Benefit Holdings, backed by Beecken Petty O'Keefe & Company, acquired Benefits Administration Corporation, a Baltimore, MD-based provider of health, welfare and retirement administration services to union trust organizations
  • FTV Capital invested in Derivative Path, a Walnut Creek, CA-based provider of over-the counter interest rate and foreign exchange transaction technology solutions
  • Insurity, backed by GI Partners, acquired Epic-Premier Insurance Solutions, a Lakeland, FL-based provider of automation tools and services to the insurance industry
  • Resolute Capital Partners invested in Finance Technology Leverage, a San Francisco, CA-based private equity firm focusing on investments in energy, life sciences, industrial technology, and aerospace
  • ASG, backed by Alpine Investors, acquired Homebot, a Denver, CO-based mortgage lending and real estate software solution; GLC Advisors advised on the transaction
  • NFP, backed by Madison Dearborn Partners, acquired Leavitt Insurance Agency of San Diego, a San Diego, CA-based property and casualty insurance and employee benefits broker
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Millennium Medical Solutions Corp, an Armonk, NY-based employee benefits consulting agency
  • Creative Planning, backed by General Atlantic, acquired Sunrise Advisors, a Leawood, KS-based registered investment advisor
  • AssuredPartners, backed by GTCR, acquired WTPhelan & Co. Insurance Agency, Inc., a Cambridge, MA-based provider of insurance coverage for life, fire, and automobiles
  • Additional transactions

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Healthcare

  • Quest Products, backed by Promus Equity, acquired Alliance Labs, a Pheonix, AZ-based manufacturer and distributor of pharmaceutical products; Bentley Associates advised on the transaction
  • EyeCare Partners, backed by Partners Group, acquired Arizona Eye Institute & Cosmetic Laser Center, a Sun City West, AZ-based ophthalmology practice group; Physician Growth Partners advised on the transaction
  • Cedar Gate Technologies, backed by GTCR, acquired Citra Health Solutions, a Morrisville, NC-based provider of capitation management software solutions
  • BayMark Health Services, backed by Webster Equity Partners, acquired Norton HealthCare, a Norton, MA-based office-based opioid treatment (OBOT) provider
  • Level 5 Capital invested in Restore Hyper Wellness + Cryotherapy, an Austin, TX-based operator of a cryotherapy-based spa chain
  • Lucid Audio acquired Westone Audio, the music division of Westone Laboratories, a portolio company of HealthEdge Investment Partners
  • Additional transactions

Industrials

  • ZSi-Foster, backed by Snow Phipps Group, acquired Hydra-Zorb, an Auburn Hills, MI-based manufacturer of cushion clamps
  • Redwire Space, backed by AE Industrial Partners, acquired Made In Space, a Jacksonville, FL-based provider of space manufacturing technologies; PwC advised on the transaction
  • SDS Rx, backed by HCI Equity Partners, acquired Medical Delivery Services, a Tampa, FL-based provider of supply chain solution services
  • One Equity Partners acquired the contract manufacturing business of Sparton Corporation, a portfolio company of Cerberus Capital Management; Lincoln International advised on the transaction
  • Additional transactions

 

TMT

  • Cartegraph, backed by Pamlico Capital, acquired PenBay Solutions, a Topsham, ME-based provider of geographic information systems (GIS) technology for facility management
  • Vector Capital invested in Planful, Inc., a Redwood City, CA-based developer of a cloud-based enterprise performance management software; existing investors StarVest Partners and Monroe Capital participated in the transaction
  • Open Prairie invested in RealmFive, a Lincoln, NE-based provider of customized hardware, software, remote monitoring, and data connectivity solutions
  • Beyond Pricing acquired the website design, hosting, and booking engine of Blizzard Internet Marketing from RedAwning, a portfolio company of Silversmith Capital Partner
  • AE Industrial Partners acquired NuWave Solutions, a McLean, VA-based provider of data management, analytics, artificial intelligence and cloud technology services to the defense and intelligence sector; Conlon & Co. and Grant Thornton 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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