NepFin DealWatch as of May 24, 2021

May 24, 2021

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding May 24, 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

  • Traductions Serge Bélair, backed by HKW, acquired Anglocom, a Québec, QC-based provider of translation services
  • Urban Elevator Service, backed by Skydeck Capital, acquired Aventura Elevator, a Biscayne Park, FL-based provider of elevator installation, maintenance, modernization, and repair services
  • Premier Research, backed by Metalmark Capital, acquired Camargo Pharmaceutical Services, a Cincinnati, OH-based provider of strategy, regulatory, and commercial services to biopharma companies
  • Matrix Sciences International, backed by Imperial Capital, acquired Cherney Microbiological Services, a Green Bay, WI-based provider of food testing laboratory services
  • Sweeping Corporation of America, backed by Warburg Pincus, acquired Contractors & Municipal Sweeping Service, a Saint Peters, MO-based provider of street sweeping services
  • ACON Investments acquired Diverzify+, an Itasca, IL-based provider of commercial flooring installation and facility services
  • Quench, backed by Advent International, acquired Eastern Pure Water, a Warwick, RI-based provider of point-of-use drinking water systems
  • Top Gun Facility Services, backed by Osceola Capital, acquired Emerald Isle Landscaping, a Centennial, CO-based provider of commercial landscape maintenance services; Three Point Group advised on the transaction
  • Mad Engine, backed by Platinum Equity, acquired Fifth Sun, a Chico, CA-based provider of apparel manufacturing and supply chain services; CriticalPoint Partners and Lincoln International advised on the transaction; Credit Suisse, Deutsche Bank and Wells Fargo Capital Finance financed the transaction
  • Sylvan Group, backed by Blue Point Capital Partners, acquired Great Lakes Mechanical, a Dearborn, MI-provider of mechanical contracting services; Stout advised on the transaction
  • Rimkus Consulting Group, backed by Century Equity Partners, acquired M & E Engineering Consultants, a Vaughan, ON-based provider of engineering consulting services
  • Black Box Intelligence, backed by Diversis Capital, acquired MillerPulse, a Boca Raton, FL-provider of restaurant industry benchmarking services
  • Reedy Industries, backed by Audax Private Equity, acquired Standard Plumbing & Heating/Sheet Metal Crafters, a Canton, OH-based provider of commercial and industrial HVAC, plumbing, and sheet metal fabrication services
  • CoolSys, backed by Ares Management, acquired Thermal Resource Sales and Supermarket Environment Services, a Kernersville, NC-based provider of commercial and industrial HVAC and energy solutions
  • Additional transactions

Consumer

  • Groundworks Companies, backed by Cortec Group, acquired Baker’s Waterproofing, a Bentleyville, PA-based provider of foundation repair and basement waterproofing services
  • Kohlberg & Company acquired DecoPac, an Anoka, MN-based supplier of cake decorations, from Snow Phipps Group
  • NearU Services, backed by SkyKnight Capital, acquired Energy Savers, a Columbus, GA-based provider of home services; SF&P Advisors advised on the transaction
  • Platinum Equity acquired Game Taco, a San Francisco, CA-based provider of skill-based mobile gaming services; Game Taco acquired WorldWinner, a Boston, MA-based developer and marketer of skill-based mobile games; Telos Advisors advised on the transaction
  • Additional transactions

Financial Services-1

  • Source Advisors, backed by Gainline Capital Partners, acquired Bedford Cost Segregation, a Bedford, NH-based provider of tax consulting services
  • AssuredPartners, backed by GTCR and HarbourVest Partners, acquired Bond Benefits Consulting, a Pittsford, NY-based provider of employee benefit consulting services
  • Zing Health, backed by Newlight Partners, acquired Lasso Healthcare Insurance, a Harrisburg, PA-based provider of Medicare health insurance products
  • High Street Insurance Partners, backed by Abry Partners, acquired Simmons Insurance Group, a Hermiston, OR-based independent insurance agency
  • Edelman Financial Engines, backed by Hellman & Friedman and Warburg Pincus, acquired Viridian Advisors, a Bothell, WA-based provider of financial planning, investment management, and tax planning and preparation services
  • Additional transactions

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Healthcare

  • Traditions Health, backed by Dorilton Capital, acquired (i) Area Community Hospice, a Plainview, TX-based provider of hospice care services, and (ii) AmeraCare Family Hospice, a Covington, LA-based provider of home health and hospice care services
  • Professional Physical Therapy, backed by Thomas H. Lee Partners, acquired Freehold Physical Therapy, a Freehold, NJ-based provider of physical therapy services
  • Apex Physics Partners, backed by Blue Sea Capital, acquired Gamma Corporation, a Honolulu, HI-based provider of diagnostic medical physics services
  • Guardian Pharmacy Services, backed by Cardinal Equity Partners, acquired Hutcheson Homecare Pharmacy, a Forest Park, OH-based provider of long-term care pharmacy services
  • EPTAM Precision Solutions, backed by Frazier Healthcare Partners, acquired Mendell Machine and Manufacturing, a Lakeville, MN-based manufacturer of medical components
  • SFW Capital Partners acquired Pion, a Billerica, MA-based provider of instrumentation, software, reagents, and services to the life sciences industry
  • Professional Physical Therapy, backed by Thomas H. Lee Partners, acquired PRO Sports Physical Therapy, a Scarsdale, NY-based provider of outpatient physical therapy and rehabilitation services
  • EyeSouth Partners, backed by Shore Capital Partners, acquired Retina Care Specialists, a Palm Beach Gardens, FL-based provider of eye care services
  • Sheridan Capital Partners invested in SimiTree Healthcare Consulting, a new healthcare consulting platform created by the combination of (i) Simione Healthcare Consultants, based in Hamden, CT, and (ii) BlackTree Healthcare Consulting, based in King of Prussia, PA
  • Additional transactions

Industrials

  • OpenGate Capital completed the sale of Energi Fenestration Solutions, a Woodbridge, ON-based manufacturer of rigid and cellular vinyl window and patio door profiles, to Vision Group
  • IMG Companies, backed by Addison Capital Partners, acquired INTA Technologies, a Santa Clara, CA-based provider of metal plating and ceramic metallization services
  • Morgan Stanley Capital Partners acquired Nivel Parts & Manufacturing, a Jacksonville, FL-based manufacturer of aftermarket parts for vehicles and heavy equipment, from Kelso & Company
  • Tide Rock Holdings acquired Plastics Design & Manufacturing, a Centennial, CO-based manufacturer of heavy-gauge plastic components
  • Additional transactions

TMT

  • Perforce Software, backed by Clearlake Capital and Francisco Partners, acquired 21 Labs, a Campbell, CA-based provider of mobile software testing services; Lincoln International advised on the transaction
  • Appfire, backed by TA Associates, acquired the product portfolio of Anova Apps, a San Mateo, CA-based developer of Atlassian Marketplace applications
  • Peak-Ryzex, backed by Sole Source Capital, acquired Bar Code Direct, a North Grafton, MA-based provider of automatic identification and data capture products and software
  • Smartronix, backed by OceanSound Partners, acquired C2S Consulting Group, a Herndon, VA-based provider of cloud consulting and migration services; Baird advised on the transaction
  • Accel-KKR acquired GPS Insight, a Scottsdale, AZ-based provider of fleet management software, from Bregal Sagemount; DC Advisory advised on the transaction
  • symplr, backed by Clearlake Capital and SkyKnight Capital, acquired HealthcareSource, a Woburn, MA-based provider of healthcare talent management software and services, from Francisco Partners; TripleTree and William Blair advised on the transaction
  • BBH Capital Partners exited its investment in Noble Systems, an Atlanta, GA-based provider of contact center software solutions, through the merger of Noble Systems with Aspect Software, backed by Abry Partners and Vector Capital
  • Solera, backed by Vista Equity Partners, acquired (i) Omnitracs, a Dallas, TX-based provider of fleet management software, and (ii) DealerSocket, an Irving, TX-based provider of business management software for car dealerships
  • Ness Digital Engineering, backed by The Rohatyn Group, acquired Risk Focus, a New York, NY-based provider of digital transformation services for the financial services industry; Alantra advised on the transaction
  • TeamSupport, backed by Level Equity, acquired SnapEngage, a Boulder, CO-based provider of chat software for customer support and customer success teams
  • Majesco, backed by Thoma Bravo, acquired Utilant, a Buffalo, NY-based provider of insurance software; Raymond James & Associates and Nomura Securities advised on the transaction
  • Smartly.io, backed by Providence Equity Partners, acquired Viralspace.ai, a Stanford, CA-based provider of digital advertising automation software
  • Contour Ridge acquired WhiteStar, a Lakewood, CO-based provider of global information systems data and software services; Peakview Partners 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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