NepFin DealWatch as of November 9, 2020

Nov 09, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding November 09, 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

  • OpenGate Capital acquired Aurotech, a Silver Spring, MD-based provider of digital services and business solutions for government agencies; G Squared Capital Partners advised on the transaction
  • Jensen Hughes, backed by Gryphon Investors, acquired CFT Engineering, a Burnaby, BC-based provider of fire protection engineering and building code consulting services
  • Foreside Financial Group, backed by Lovell Minnick Partners, acquired Integrated Compliance Solutions Group, a Hartford, CT-based provider of regulatory compliance services to the asset management industry
  • The Planet Group, backed by MidOcean Partners, acquired NDA Partners, a Rochelle, VA-based provider of management consulting and contract development services to the life science industry
  • Ardurra Group, backed by Pine Street Capital Partners and RTC Partners, acquired Pigeon-Roberts & Associates, an Ocala, FL-based provider of engineering consulting services to the water market; BDO USA advised on the transaction
  • Owner Resource Group invested in SURESTAFF, an Itasca, IL-based provider of temporary, temp-to-hire, direct hire, and on-premise staffing solutions
  • PS Logistics, backed by One Equity Partners, acquired Top Gun Freight, a Murrieta, CA-based provider of freight brokerage services
  • Health and Safety Institute, backed by Apollo Investment and Waud Capital Partners, acquired Vado, a Minneapolis, MN-based provider of online employee training and education services
  • Court Square acquired Veregy, a Phoenix, AZ-based provider of energy efficiency services, from Bow River Capital; Harris Williams advised on the transaction
  • Riveron, backed by H.I.G. Capital, acquired Winter Harbor, a Boston, MA-based provider of restructuring and turnaround services
  • Additional transactions

Consumer

  • CDPQ and TorQuest Partners acquired Barrette Outdoor Living, a Middleburg Heights, OH-based supplier of exterior home products to the residential market; Moelis & Company and PricewaterhouseCoopers Corporate Finance advised on the transaction
  • HatchBeauty Brands, backed by Carson Private Capital and Lion Capital, acquired Duncan Cosmetics, a Fresno, CA-based provider of beauty and personal care products
  • Mammoth Holdings, backed by Red Dog Equity and The Pritzker Organization, acquired Papa's Express Tunnel Car Wash, a Saratoga Springs, UT-based operator of a conveyor car wash; Monroe Capital financed the transaction
  • Benestar Brands, backed by Highlander Partners, acquired Pretzilla, a Milwaukee, WI-based provider of bread and baked goods; Cascadia Capital advised on the transaction; Antares Capital and Norwest Mezzanine Partners financed the transaction
  • Guardian Capital Partners invested in Upper Echelon Products, an Austin, TX-based provider of consumer products; Brown Gibbons Lang & Company advised on the transaction; East West Bank financed the transaction
  • Additional transactions

Financial Services-1

  • USI Insurance Services, backed by CDPQ and KKR, acquired Findley, a Brentwood, TN-based provider of human resources and employee benefits consulting services
  • AmeriLife Group, backed by Thomas H. Lee Partners and Waterfield Group, acquired Forward Strategies Insurance Brokerage, a Tucson, AZ-based provider of insurance brokerage services
  • Relation Insurance Services, backed by Aquiline Capital Partners, acquired Glick Insurance, a Burlington, NC-based provider of insurance brokerage services
  • Callodine Group, backed by BlackRock Capital Investment Corporation and KKR, acquired Gordon Brothers Finance Company, a Boston, MA-based provider of commercial finance services to the middle market; Aviditi Advisors advised on the transaction
  • Integrity Marketing Group, backed by Harvest Partners and HGGC, acquired Smith Agency, a Vancouver, WA-based insurance marketing agency
  • Hub International, backed by Hellman & Friedman, acquired (i) The Olson Insurance Agency, a Springfield, VA-based provider of personal and commercial insurance services, and (ii) Insure All, a Stanley, VA-based provider of personal and commercial insurance services
  • Constellation Affiliated Partners, backed by RedBird Capital Partners, acquired (i) Trinity Transportation Services, a Jacksonville, FL-based provider of insurance services in the towing and recovery space, and (ii) Global Claims Service, a Raleigh, NC-based provider of third party insurance administrator services
  • Additional transactions

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Healthcare

  • Affinity Hospice, backed by MBF Healthcare Partners, acquired Hands of Mercy Hospice, a Seneca, SC-based provider of hospice care services
  • Shore Capital Partners acquired Jaffe Sports Medicine, a Naples, FL-based provider of surgical, physical therapy, and rehabilitation services, to form Southern Sports Medicine Partners
  • Vision Innovation Partners, backed by Centre Partners, acquired Omni Eye Specialists, a Baltimore, MD-based provider of medical eyecare services
  • Retina Consultants of America, backed by Webster Equity Partners, acquired Palmetto Retina Center, a West Columbia, SC-based provider of treatment for vitreous and retinal diseases
  • IC Biomedical, backed by Milton Street Capital, acquired (i) the life sciences business of Worthington Industries, and (ii) International Cryogenics based in Indianapolis, IN; both are cryogenic biomedical equipment manufacturers
  • Additional transactions

Industrials

  • Berlin Packaging, backed by ICG Enterprise Trust and Oak Hill Capital, acquired Consolidated Bottle, a Toronto, ON-based provider of packaging solutions
  • Center Rock Capital Partners and Leelanau Private Capital acquired Eastern Wholesale Fence, a Medford, NY-based extruder, manufacturer, and distributor of commercial and residential fence products, from Corinthian Capital Group; Lincoln International and Raymond James advised on the transaction
  • Olympus Partners invested in Footprint, a Gilbert, AZ-based provider of plant-based packaging solutions
  • JF Petroleum Group, backed by Five Points Capital and MidOcean Partners, acquired McCon Building & Petroleum Services, a Flower Mound, TX-based provider of petroleum equipment distribution, maintenance, and construction services
  • Frontenac acquired Newterra, a Brockville, ON-based manufacturer of modular water treatment solutions, from Angeleno Group and XPV Water Partners; Capstone Headwaters advised on the transaction
  • Sunbelt Supply, an affiliate of Floworks International backed by Clearlake Capital, acquired Oliver Equipment Company, a Houston, TX-based provider of rotating equipment and onsite services for industrial applications
  • Lufkin Industries, backed by KPS Capital Partners, acquired the North American rod lift business of Schlumberger, a Sugar Land, TX-based provider of rod lift products and services; PPHB and Simmons Energy advised on the transaction
  • Pacific Defense, backed by Emerald Lake Capital Management and HCI Equity Partners, acquired Spear Research, a Nashua, NH-based provider of research and development services to government agencies
  • Warburg Pincus acquired Sweeping Corporation of America, a Cleveland, OH-based provider of street, highway, and parking lot sweeping services, from Soundcore Capital Partners
  • Global Infrastructure Solutions, backed by Saybrook Capital, acquired The LiRo Group, a Syosset, NY-based provider of engineering, program, and construction management services
  • Centre Partners and LP First Capital formed United Land Services, a platform to build a leading landscape services provider in the Southeast; United Land Services has completed its first five acquisitions: United Landscapes, Blandford Turf, Tree World, O'Hara and River Region Sports Fields
  • US LBM Holdings, backed by Kelso Private Equity, acquired Zeeland Lumber & Supply, a Zeeland, MI-based manufacturer and dealer of building products; Anchor Peabody advised on the transaction
  • Additional transactions

TMT

  • SigmaTEK Systems, backed by Battery Ventures, acquired the Cimatron and GibbsCAM software businesses from 3D Systems
  • Navisite, backed by Madison Dearborn Partners, acquired Dickinson + Associates, a Chicago, IL-based provider of SAP consulting services
  • Phone2Action, backed by Frontier Growth, acquired GovPredict, a Washington, DC-based provider of a software platform for government affairs teams
  • Eze Castle Integration, backed by H.I.G. Capital, acquired NorthOut, a Boston, MA-based provider of digital transformation services
  • ACRE, backed by Egis Capital Partners and LLR Partners, acquired Razberi Technologies, a Farmers Branch, TX-based provider of video surveillance and cybersecurity software
  • Swizznet, backed by Bluff Point Associates, acquired RightSize Solutions, a Lenexa, KS-based provider of IT management and cloud solutions for independent registered investment advisers
  • Banyan Software acquired RinkNet, a Waterloo, ON-based provider of scouting and player management software for hockey teams
  • SitusAMC, backed by Stone Point Capital, acquired rSquared CRE, a Chicago, IL-based provider of commercial real estate finance technology
  • Coretelligent, backed by VSS, acquired Soundshore Technology Group, a Stamford, CT-based provider of managed IT services
  • MeridianLink, backed by Serent Capital and Thoma Bravo, acquired Teledata Communications, an Islandia, NY-based provider of consumer loan origination software; Financial Technology Partners and FTP Securities advised on the transaction
  • SugarCRM, backed by Accel-KKR, acquired W-Systems, a Ramsey, NJ-based provider of CRM and marketing automation software
  • EQT Infrastructure acquired EdgeConneX, a Herndon, VA-based provider of data center solutions, from Brown Brothers Harriman Capital Partners and Providence Equity Partners
  • Congruex, backed by Crestview Partners, acquired True North Management Services, a Fenton, MO-based provider of wireless infrastructure; Eagle Venture Management 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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