NepFin DealWatch as of May 3, 2021

May 03, 2021

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding May 03, 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

  • Warren Equity Partners acquired ADB Companies, a Pacific, MO-based provider of telecommunication and utility infrastructure solutions; Harris Williams advised on the transaction
  • Gregory FCA, backed by Copley Equity Partners, acquired Affect, a New York, NY-based provider of public relations and marketing services
  • Orion Group, backed by Alpine Investors, acquired Air Comfort, a Broadview, IL-based provider of commercial HVAC services
  • VSS invested in Barrier Companies, a Lenexa, KS-based provider of fire safety and containment services
  • SecurCapital acquired BIG Logistics, a Fort Worth, TX-based provider of third-party-logistics services
  • Powerhouse, backed by Lincolnshire Management, acquired DENTCO, a Dewitt, MI-based provider of outsourced exterior services management; Charter Capital Partners advised on the transaction
  • DPIS Builder Services, backed by Saw Mill Capital, acquired Ensign Building Solutions, a Cumming, GA-based provider of moisture management, energy efficiency, and indoor air quality services
  • Lexitas, backed by Apax Partners, acquired Infinity Professional Services Group, a Springfield, IL-based provider of legal services
  • Jobvite, backed by K1 Investment Management, acquired (i) JazzHR, a Pittsburgh, PA-based provider of recruiting software, and (ii) NXTThing RPO, a Columbus, OH-based provider of recruitment process outsourcing services
  • Olam Food Ingredients acquired Olde Thompson, an Oxnard, CA-based manufacturer and supplier of private label dry spices and seasonings, from Kainos Capital; Lazard and Sawaya Partners advised on the transaction
  • Internet Brands, backed by KKR, acquired PulsePoint, a New York, NY-based provider of marketing technology and services to the healthcare industry
  • Bluejay Capital Partners acquired The Assembly Authority, a Naperville, IL-based provider of assembly and installation services for outdoor, recreational, and fitness products
  • Pye-Barker Fire & Safety, backed by Leonard Green & Partners, acquired Total LifeSafety Corporation, a Jensen Beach, FL-based provider of fire protection services
  • Crown Holdings, backed by WILsquare Capital, acquired Tri-State Wholesale Flooring, a Sioux Falls, SD-based distributor of flooring products
  • Controlled Environment Systems, backed by NewSpring Capital, acquired Western Environmental Corporation, a Franklin, OH-based provider of controlled environment design, engineering, and installation services
  • Serco acquired Whitney, Bradley & Brown, a Reston, VA-based provider of public sector program management and consulting services, from H.I.G. Capital
  • Avance Investment Management and Two Sigma Impact acquired Wholesale Supplies Plus, an Independence, OH-based provider of raw materials, supplies, and packaging for soap, skincare, and candle makers, from Incline Equity Partners; BlackArch Partners advised on the transaction
  • Additional transactions


  • Hyperion Global Partners acquired Kabinart, a Nashville, TN-based manufacturer of semi-custom and custom cabinets for the residential market; Three Twenty-One Capital Partners advised on the transaction; Oxer Capital and Salem Investment Partners financed the transaction
  • Len The Plumber, backed by Thompson Street Capital Partners, acquired Larry & Sons Plumbing & Heating Services, a Hagerstown, MD-based provider of residential plumbing and HVAC services
  • Diversis Capital acquired Performance Designed Products, a San Diego, CA-based provider of video game accessories; RSM US LLP and Duff & Phelps, LLC advised on the transaction
  • Rockbridge Growth Equity acquired Radon Be Gone, a Columbus, OH-based provider of radon testing and mitigation services
  • Concentric Equity Partners recapitalized Riverbend Sandler Pools, a Plano, TX-based provider of pool construction and maintenance services
  • Endeavor Schools, backed by Leeds Equity Partners, acquired the Loudoun School for Advanced Studies, an Ashburn, VA-based provider of middle and high school education services
  • Safelite Group, backed by Clayton, Dubilier & Rice, acquired Troy Auto Glass, a Troy, MI-based provider of windshield and auto glass replacement services
  • Additional transactions

Financial Services-1

  • Stone Point Capital acquired Ascensus, a Dresher, PA-based provider of retirement plan recordkeeping and administration services, from Aquiline Capital Partners, Atlas Merchant Capital and Genstar Capital; Barclays, Goldman Sachs & Co and J.P. Morgan Securities advised on the transaction
  • IMA Financial Group, backed by New Mountain Capital, acquired Bolton & Company, a Pasadena, CA-based independent insurance agency
  • Creative Planning, backed by General Atlantic, acquired Castle Wealth Advisors, an Indianapolis, IN-based provider of financial advisory services
  • PCF Insurance Services, backed by HGGC, acquired Hale & Associates, a Fairbanks, AK-based independent insurance agency
  • PennSpring Capital acquired Norton Jackson & Company, a Mechanicsburg, PA-based provider of M&A advisory services
  • Leeds Equity Partners invested in OptionMetrics, a New York, NY-based provider of options and futures database and analytics services; Marlin & Associates advised on the transaction
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired Pablo Beach Insurance Group, a Jacksonville, FL-based independent insurance agency
  • Wealth Enhancement Group, backed by TA Associates, acquired Pillar Pacific Capital Management, a San Marino, CA-based provider of investment advisory services; Berkshire Global Advisors advised on the transaction
  • Additional transactions

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  • VSS Capital Partners invested in Ambulatory Management Solutions, a Chicago, IL-based provider of outpatient anesthesia, surgical, and administrative services; Houlihan Lokey advised on the transaction
  • FastMed Urgent Care, backed by Abry Partners, acquired CareSpot, a Brentwood, TN-based provider of urgent care services
  • Valeo Home Health & Hospice, backed by Grant Avenue Capital, acquired Hearts for Hospice & Home Health, an American Fork, UT-based provider of hospice and home health services
  • Healy Capital Partners and Hunter Street Partners acquired Kirkpatrick Dental Group, a Knoxville, TN-based provider of dental care services; Peakstone advised on the transaction
  • Rallyday Partners invested in Pyx Health, a Tucson, AZ-based provider of mental healthcare services
  • Leedon Park Capital, NewSpring Capital, PNC Bank and Tecum Capital invested in Spirit Pharmaceuticals, a Ronkonkoma, NY-based provider of private label over-the-counter pharmaceutical products
  • Additional transactions


  • Greenbriar Equity Group acquired PCX Aerosystems, a Newington, CT-based manufacturer of aerospace components and assemblies
  • Evercast, backed by Cornerstone Capital Partners, acquired Precast Supply Company, a Concord, NC-based manufacturer of precast concrete structures; Brown Gibbons Lang & Company advised on the transaction
  • Additional transactions


  • SmartBear, backed by Francisco Partners and Vista Equity Partners, acquired Bugsnag, a San Francisco, CA-based provider of error monitoring and application stability software
  • Zonda, backed by MidOcean Partners, acquired BuzzBuzzHome, a Toronto, ON-based operator of an online real estate listing portal
  • Lyniate, backed by Hg, acquired Datica Integrate, a Minneapolis, MN-based provider of healthcare data and compliance software
  • PixelMEDIA, backed by BV Investment Partners, acquired Docmation, a Norcross, GA-based provider of ecommerce software; Layer 7 Capital advised on the transaction
  • LoneTree Capital and Serent Capital invested in Education Advanced, a Tyler, TX-based provider of operations management and workflow software; Leonis Partners advised on the transaction
  • Professional Datasolutions, backed by Genstar Capital and TA Associates, acquired GasBuddy, a Boston, MA-based provider of a mobile app for real-time fuel prices; Moelis & Company and Berenson & Company advised on the transaction
  • PrimePay, backed by Aquiline Capital Partners, acquired SyncHR, a Denver, CO-based provider of human capital management software
  • Trox, backed by H.I.G. Growth Partners, acquired Tierney, a St. Paul, MN-based provider of audio visual technology 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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