NepFin DealWatch as of November 2, 2020

Nov 02, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding November 02, 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

  • True Wind Capital invested in AIA Contract Documents, a Washington, DC-based provider of customizable legal contracts for the architecture, engineering, and construction industry; Pagemill Partners advised on the transaction; Audax Private Debt financed the transaction
  • Avtex, backed by Norwest Equity Partners, acquired Aria Solutions, a Calgary, AB-based provider of contact center and customer engagement solutions
  • CoConstruct, backed by Serent Capital, acquired CBUSA, a group purchase organization for semi-custom home builders
  • SIB Fixed Cost Reduction, backed by O2 Investment Partners, acquired Cost Control Associates, a Queensbury, NY-based provider of utility cost management services; LBC Small Cap and TCF Capital Funding financed the transaction
  • DC Capital Partners invested in Hill Technical Solutions, a Huntsville, AL-based provider of systems engineering, development, and testing services for the defense community; Duff & Phelps advised on the transaction
  • Comlinkdata, backed by Alpine Investors, acquired ShareTracker, an Ashland, MO-based provider of telecom market research and analytics; Telegraph Hill Advisors advised on the transaction
  • Morgan Stanley Capital Partners invested in US HealthConnect, a Fort Washington, PA-based provider of pharma-sponsored continuing medical education and promotional education
  • Additional transactions

Consumer

  • Heartland Home Services, backed by North Branch Capital, acquired Blind & Sons, a Barberton, OH-based provider of heating, air conditioning, plumbing, electric, and indoor air quality services; XLCS Partners advised on the transaction
  • TPG Growth acquired SmartSweets, a Vancouver, BC-based producer of low-sugar candy
  • FullSpeed Automotive, backed by CenterOak Partners, acquired Uncle Ed's Oil Shoppe, a Battle Creek, MI-based provider of quick lube, preventative maintenance, and car wash services
  • Francisco Partners acquired MyFitnessPal, a smartphone app and website that tracks diet and exercise, from Under Armour; PJ SOLOMON advised on the transaction
  • Additional transactions

Financial Services-1

  • Venerable Holdings, backed by Apollo Global Management, Crestview Partners and Reverence Capital Partners, acquired (i) Corporate Solutions Life Reinsurance Company, a New York, NY-based provider of variable annuity reinsurance services, and (ii) Equitable Financial Life Insurance Company, a New York, NY based provider of life insurance services; Barclays advised on the transaction
  • NFP, backed by Madison Dearborn Partners and Stone Point Capital, acquired Insurance Specialty Group, an Atlanta, GA-based provider of insurance solutions to the construction industry
  • North Square Investments, backed by Estancia Capital Partners, acquired several mutual funds from Stadion Money Management, a Watkinsville, GA-based asset manager backed by TA Associates Management; The Stadion Tactical Growth (ETFOX), Tactical Defensive (ETFWX) and Trilogy Alternative Return (STTIX) Funds will be renamed the North Square Tactical Growth Fund, North Square Tactical Defensive Fund and North Square Trilogy Alternative Return Fund, respectively
  • Celero Commerce, backed by LLR Partners, acquired TransNational Payments, a Rosemont, IL-based provider of electronic payments technology and business management SaaS solutions; Financial Technology Partners advised on the transaction
  • Additional transactions

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Healthcare

  • Frazier Healthcare Partners acquired Accuity Delivery Systems, a Las Vegas, NV-based provider of revenue integrity and clinical documentation improvement services; existing investors 22C Capital and WindRose Health Investors participated in the transaction; Houlihan Lokey advised on the transaction; Adams Street Partners financed the transaction
  • Centerbridge Partners and The Vistria Group acquired Help At Home, a Chicago, IL-based provider of home care and community-based services, from Wellspring Capital; Jefferies, Barclays, Edgemont Partners and Lincoln International advised on the transaction; Barclays, BMO Capital Markets, Jefferies and UBS Investment Bank financed the transaction
  • Cerberus Capital Management acquired National Dentex Labs, a Palm Beach Gardens, FL-based provider of dental prosthetics and restorative dentistry products; Moelis & Company and Houlihan Lokey advised on the transaction
  • Sunvera Group, backed by Ridgemont Equity Partners, acquired Rohr Eye & Laser Center, a Grand Blanc, MI-based provider of cataract and LASIK laser vision correction services; Footprint Capital advised on the transaction
  • Additional transactions

Industrials

  • AEgis Technologies, backed by Arlington Capital Partners, acquired (i) Applied Technology Associates, an Albuquerque, NM-based provider of navigation, tracking, and sensor technology products to the defense industry, and (ii) Brilligent Solutions, a Fairborn, OH based provider of sensor solutions to the defense and intelligence communities; the two companies will be combined with AEgis Technologies to form BlueHalo, a provider of advanced engineering solutions and technology to the national security community
  • Mid-State Industrial Maintenance, backed by CenterGate Capital, acquired the SMS division of AZZ, a St. Petersburg, FL-based provider of boiler repair, maintenance, and overhaul services
  • Avidity Science, backed by ShoreView Industries, acquired (i) Bio Medic Data Systems, a Seaford, DE-based provider of laboratory animal identification products, (ii) Hydropac, provider of watering solutions for research laboratory animals, and (iii) Lab Products, a Seaford, DE based provider of lab animal housing solutions
  • Auxo Investment Partners acquired GC Dies, an Elmhurst, IL-based manufacturer of steel rule dies; BDO USA advised on the transaction; Mercantile Bank and Oxer Capital financed the transaction
  • Temp-Con, backed by Caymus Equity Partners and Centerfield Capital Partners, acquired Hamilton Service Company, a Lincoln, NE-based provider of refrigeration, HVAC, electrical, and equipment repair services to commercial clients; Generational Equity advised on the transaction
  • 1847 Holdings acquired Kyle's Custom Woodshop, a Boise, ID-based designer, builder, and installer of custom cabinetry; Generational Equity advised on the transaction
  • Resource Label Group, backed by First Atlantic Capital and TPG Growth, acquired McDowell Label, a Plano, TX-based provider of packaging and labeling services
  • Kohlberg & Company acquired Parts Authority, a Lake Success, NY-based distributor of automotive replacement parts, tools, and equipment, from The Jordan Company; Harris Williams advised on the transaction
  • Micro Precision, backed by Compass Partners Capital, acquired PRL, a Cornwall, PA-based provider of alloy castings, machined components, and testing and upgrading services; Ironwood Capital financed the transaction
  • Redwire, backed by AE Industrial Partners, acquired Roccor, a Longmont, CO-based provider of hardware and technology to the aerospace and military markets; Near Earth and PricewaterhouseCoopers advised on the transaction
  • Arcline Investment Management acquired SYNEO, a West Palm Beach, FL-based provider of machine and tooling services, from Rockwood Equity Partners; Cain Brothers advised on the transaction
  • Lion Equity Partners, acquired T-Y Group and Harbor Linen, a Medley, FL-based distributor of linens and apparel to the hospitality and healthcare industries from Bed Bath and Beyond; the companies will be merged with existing portfolio company, Riegel Linen, a leading importer, manufacturer, and supplier of tablecloths, napkins, sheets, towels, bedding and other linens
  • Additional transactions

TMT

  • Syndigo, backed by The Jordan Company, acquired Attribytes, a Chandler, AZ-based provider of data management software to restaurants and retail companies
  • NAVEX Global, backed by BC Partners and Noble Rock Advisors, acquired CSRware, a Mill Valley, CA-based provider of environmental, social, and governance software
  • Gimmal, backed by Rubicon Technology Partners, acquired ECM Wise, a Calgary, AB-based provider of enterprise content management solutions; Madison Park Group advised on the transaction
  • Francisco Partners acquired Forcepoint, an Austin, TX-based provider of cybersecurity solutions; Barclays advised on the transaction; Credit Suisse financed the transaction
  • PowerSchool, backed by Vista Equity Partners, acquired Hoonuit, a Minneapolis, MN-based provider of K-12 education analytics and data management services, from Boathouse Capital and Renovus Capital Partners; Jefferies advised on the transaction
  • GreyLion Capital and Stone Point Capital invested in Hyphen Solutions, a Dallas, TX-based provider of supply chain scheduling, procurement, and collaboration software for home builders; William Blair advised on the transaction
  • Vector Capital acquired MarkLogic, a San Carlos, CA-based provider of enterprise data integration and data management solutions; Monroe Capital financed the transaction
  • DartPoints, backed by Astra Capital Management and Capital Constellation, acquired Metro Data Centers, a Dublin, OH-based provider of interconnection and data center solutions
  • Definitive Healthcare, backed by Advent International and Spectrum Equity, acquired Monocl, a Cambridge, MA-based subscription-based provider of medical and scientific expert data and insights
  • AE Industrial Partners acquired PCI, a Columbia, MD-based provider of cybersecurity, IT services, and data analytics to the intelligence and defense communities; Aronson Capital Partners and Ernst & Young advised on the transaction
  • Newlight Partners invested in Pondurance, an Indianapolis, IN-based provider of cybersecurity software and services
  • VeriShip, backed by Summit Partners, acquired Sifted, a Kaysville, UT-based provider of logistics software
  • Cohere Capital invested in Sonobi, a Winter Park, FL-based provider of a digital media technology platform for publishers
  • Envase Technologies, backed by The Firmament Group, acquired Tailwind Transportation Software, a Delta, BC-based provider of transportation management system software and mobile applications
  • StorCentric, backed by Spear Point Capital Management, acquired Violin Systems, a Colorado Springs, CO-based provider of flash storage solutions
  • Rock Mountain Capital invested in GeoLinks, a Camarillo, CA-based provider of internet and hosted voice services; Bank Street Group 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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