NepFin DealWatch as of March 23, 2020

Mar 23, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding March 23, 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

  • Eruptr, backed by H.I.G. Growth Partners, acquired HealthAware, a Denver, CO-based provider of health risk assessment and patient engagement solutions
  • Additional transactions

Consumer

  • TurnPoint Services, backed by Trivest Partners, acquired Cool Air Mechanical, a Marietta, GA-based provider of HVAC installation and maintenance services
  • Kaho Partners acquired Kenny's Great Pies, a Smyrna, GA-based manufacturer of branded and private label premium pies and pie fillings
  • Additional transactions

Financial Services-1

  • Alera Group, backed by Genstar Capital, acquired two companies that provide employee benefits advisory services: (i) Fall River Employee Benefits based in Denver, CO and (ii) Trilogy Group Benefits based in Mount Joy, PA
  • Gainline Capital Partners acquired SourceHOV Tax, a Fort Worth, TX-based provider of tax consulting services, from Exela Technologies; Raymond James advised on the transaction
  • Additional transactions

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Healthcare

  • Caregiver, backed by DW Healthcare Partners, acquired four assisted living facilities for people with intellectual and developmental disabilities: (i) Houston Group Homes based in Crawfordsville, IL, (ii) Cori Care based in Columbus, OH, (iii) Absolute Care based in Columbus, OH, and (iv) Personal Care Choices based in Maryville, OH
  • Additional transactions

Industrials

  • MAG Aerospace, backed by New Mountain Capital, acquired AASKI Technology, a Tinton Falls, NJ-based provider of professional services for highly complex networks and systems; Baird advised on the transaction
  • Liberty Tire Recycling, backed by The Carlyle Group, acquired Lakin Tire, a Santa Fe Springs, CA-based provider of tire removal and recycling services
  • Ranch Creek Partners acquired Ranier Welding, a Redmond, WA-based provider of aluminum and steel fabrication services; ACT Capital Advisors advised on the transaction
  • Additional transactions

TMT

  • Advent International invested in Conservice, a River Heights, UT-based provider of utility management software and billing solutions; TA Associates remains an investor
  • Serent Capital invested in SHR, a Houston, TX-based provider of revenue generation software and services for hotels
  • Alfresco Software, backed by Thomas H. Lee Partners, acquired Technology Services Group, a Chicago, IL-based provider of content management software and services
  • 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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