NepFin DealWatch as of March 16, 2020

Mar 16, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding March 16, 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

  • Susquehanna Growth Equity invested in Clutch, a Washington, DC-based B2B ratings and reviews platform for IT, marketing, and business services providers
  • New Heritage Capital invested in DeWinter Group, a Campbell, CA-based provider of staffing and recruiting solutions; Citizens M&A Advisory advised on the transaction
  • LNC Partners invested in Digital Intelligence Systems, a McLean, VA-based provider of staffing, IT consulting, and managed services; Dresner Partners advised on the transaction
  • Epic Healthcare Staffing, backed by Webster Equity Partners, acquired Orbis Data Solutions, a Woburn, MA-based provider of consulting and staffing services to the pharmaceutical and contract research industries; Oxford Finance financed the transaction
  • ARC Industries acquired SPOON Exhibit Services, a Macedon, NY-based provider of tradeshow and event planning services; Generational Equity advised on the transaction
  • Additional transactions

Consumer

  • TurnPoint Services, backed by Trivest Partners, acquired Meetze Plumbing, an Irmo, SC-based provider of essential home services; Sunbelt Business Brokers advised on the transaction
  • Gladstone Investment acquired The Maids International, an Omaha, NE-based residential cleaning service franchisor; D.A. Davidson advised on the transaction
  • Additional transactions

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Healthcare

  • Confluent Health, backed by Partners Group, acquired Tallahassee Orthopedic & Sports Physical Therapy, a Tallahassee, FL-based provider of treatment for orthopedic, sports, and industrial injuries
  • Light Wave Dental Management, backed by Alpine Investors, acquired Triangle Family Dentistry, a Raleigh-Durham, NC-based dental practice group; MORR Dental Transitions advised on the transaction
  • Additional transactions

Industrials

  • CoVant Management and Madison Dearborn Partners acquired AEVEX Aerospace, a Solana Beach, CA-based provider of airborne intelligence, surveillance, and reconnaissance technology solutions to the US Department of Defense, from Trive Capital; William Blair, CSP Associates and The Chertoff Group advised on the transaction; Carlyle Global Credit and GSO Capital Partners financed the transaction
  • K-Tec, backed by Owner Resource Group, acquired Ashland Industries, an Ashland, WI-based manufacturer of earthmoving scrapers and accessory products; Cadence Bank financed the transaction
  • Additional transactions

TMT

  • Tinubu Square, backed by Long Arc Capital, acquired eSurety, a Ponte Vedra, FL-based provider of cloud-based surety software
  • Forecast5, backed by Riverwood Capital, acquired GuideK12, a Minnetonka, MN-based provider of geovisual analytics tools to school districts
  • Xirgo Technologies, backed by HKW, acquired Owlcam, a Palo Alto, CA-based provider of AI-enabled dashboard cameras
  • Excellere Partners invested in ParcelShield Holdings, a Redmond, OR-based provider of predictive parcel tracking and engagement services for healthcare clients
  • Refinitiv acquired Scivantage, a Jersey City, NJ-based provider of digital wealth management software solutions, from Edison Partners
  • Highview Capital partnered with Firstlight Media, a provider of user engagement software, to acquire Quickplay, a provider of video streaming software; both companies are based in Toronto, ON
  • 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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