NepFin DealWatch as of November 16, 2020

Nov 16, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding November 16, 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

  • TRC Companies, backed by New Mountain Capital, acquired 1Source Safety and Health, an Exton, PA-based provider of health and safety management consulting services
  • DPIS Builder Services, backed by Saw Mill Capital, acquired Ei Companies, a Las Vegas, NV-based provider of energy inspection services
  • New Mountain Capital acquired HealthComp, a Fresno, CA-based provider of healthcare benefits administration services, from Alpine Investors; Triple Tree advised on the transaction
  • Advantage Capital invested in Precision Opinion, a Las Vegas, NV-based provider of data collection services for social science agencies and political organizations
  • Onpoint Industrial Services, backed by The CapStreet Group, acquired (i) Scope Management Solutions, a Santa Fe, TX-based provider of materials management services, and (ii) Innovative Ventilation Systems, a Beaumont, TX-based provider of temporary ventilation services
  • OEConnection, backed by Genstar Capital, acquired Summit Consulting International, an Irving, TX-based provider of consulting services and technology tools for the automotive industry
  • Priority Power Management, backed by Ara Partners, acquired Texas Power Consultants, a Tyler, TX-based provider of energy advisory and consulting services
  • Additional transactions

Consumer

  • Fairchild Capital Partners invested in Caitec Corporation, a Halethorpe, MD-based manufacturer and distributor of dog toys, bird products, and other pet supplies
  • KSL Capital Partners invested in Kai Hospitality, an Austin, TX-based restaurant group
  • Safelite Group, backed by Clayton Dubilier & Rice, acquired the the auto glass business of Lee & Gates Glass
  • Westhook Capital invested in RainShadow Labs, a St. Helens, OR-based provider of private label manufacturing services to natural and organic personal care brands; The Meriwether Group advised on the transaction
  • Mister Car Wash, backed by Leonard Green & Partners and Penfund, acquired Soapbox Car Wash, a Round Rock, TX-based operator of car wash facilities
  • Additional transactions

Financial Services-1

  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Alliance Insurance Group, a Salina, KS-based provider of insurance brokerage services; INS Capital and Sica Fletcher advised on the transaction
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Ball Insurance, a Melville, IN-based independent insurance agency
  • HUB International, backed by Hellman & Friedman, acquired Baystate Fiduciary Advisors, a Boston, MA-based provider of fiduciary advisory services to 401k and 403b plan sponsors
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Collier O'Neal, a Trenton, NJ-based provider of insurance brokerage services; The Manhattan Group advised on the transaction
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Danaher-Skewes & Associates, an Alexandria, VA-based independent insurance agency; Sica Fletcher advised on the transaction
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Fairways Insurance, a Cinnaminson, NJ-based independent insurance agency
  • Inszone Insurance Services, backed by BHMS Investments, acquired ISU Wiseman Insurance, a Provo, UT-based provider of insurance brokerage services
  • HUB International, backed by Hellman & Friedman, acquired Leading Edge, a Fort Myers, FL-based provider of employee benefits, retirement planning, and wealth management services
  • HUB International, backed by Hellman & Friedman, acquired Massey Insurance, an Oxford, MS-based provider of insurance brokerage services
  • Assured Partners, backed by GTCR and HarbourVest Partners, acquired Newton Bonding, a Stillwater, MN-based provider of insurance brokerage services
  • AEGIS Hedging, backed by Baird Capital and Trilantic North America, acquired Nexidus Commodities, a Knoxville, TN-based provider of hedging, risk management, and analytical services to the industrial industry
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Palmetto Insurance, an Anderson, SC-based provider of property & casualty insurance services; Agency Brokerage Consultants and MarshBerry advised on the transaction
  • Cornell Capital and Hudson Structured Capital Management acquired Vault, a New York, NY-based provider of personal insurance to high-net-worth clients
  • Additional transactions

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Healthcare

  • Urgent Care Group, backed by Capital Alignment Partners, acquired Access Medical, a North Myrtle Beach, SC-based provider of urgent care services
  • Confluent Health, backed by Partners Group, acquired (i) Advanced Physical Therapy and (ii) Preferred Physical Therapy; both companies are based in Wichita, KS and provide physical therapy services
  • Eventus Wholehealth, backed by Enhanced Healthcare Partners, acquired Doctors Making Housecalls, a Durham, NC-based provider of home-based primary care services
  • J. Knipper and Company, backed by Court Square, acquired Eagle Pharmacy, a Lakeland, FL-based provider of direct-to-patient pharmacy services; P&M Corporate Finance advised on the transaction
  • Advarra, backed by Genstar Capital, acquired IntegReview IRB, an Austin, TX-based provider of AAHRPP-accredited institutional review board (IRB) and clinical research services
  • Professional Physical Therapy, backed by Thomas H. Lee Partners, acquired Moment Physical Therapy, a Madison, NJ-based provider of orthopedic care and physical therapy services
  • Varsity Healthcare Partners invested in Partners First Cardiology, an Austin, TX-based provider of cardiology and cardiovascular physician services
  • Young Innovations, backed by Linden Capital Partners and The Jordan Company, acquired Preat Corporation, a Santa Maria, CA-based provider of dental implant components, attachments, and tools
  • Vesey Street Capital Partners acquired QualityMetric, a Johnston, RI-based provider of health measurement tools and technology; First Eagle Alternative Credit and Morgan Stanley Credit Partners financed the transaction
  • Envision Pharma Group, backed by GHO Capital, acquired Two Labs, a Powell, OH-based provider of strategic consulting and commercialization services to the biopharma industry, from Excellere Partners; Baird advised on the transaction
  • Vance Street Capital acquired Wytech Industries, a Rahway, NJ-based manufacturer of core wires and components for the interventional medical markets; Wombat Capital Markets advised on the transaction; BMO Sponsor Finance and Madison Capital Funding financed the transaction
  • Additional transactions

Industrials

  • Nivel, backed by Kelso Private Equity, acquired Ape Offroad, a Flemingsburg, KY-based supplier of cabs and windshields for the UTV market
  • Integrated Facility Solutions, backed by Warren Equity Partners, acquired Concept Controls, a Burnaby, BC-based distributor of industrial safety equipment
  • Expedition Capital and Tecum Capital acquired Cox Transportation Services, a Hampton, VA-based provider of freight hauling and brokerage services; Ironwood Capital financed the transaction
  • Time Manufacturing, backed by Stellus Capital Management and The Sterling Group, acquired the fiberglass aerial lift bucket business of CPI
  • Wynnchurch Capital acquired Drew Foam Companies, a Monticello, AR-based fabricator of expanded polystyrene foam used in packaging and building products, from Branford Castle Partners; Deloitte Corporate Finance advised on the transaction
  • Jon-Don, backed by Trivest Partners, acquired Factory Cleaning Equipment, an Aurora, IL-based provider of industrial cleaning equipment
  • Select Express & Logistics, backed by LongueVue Capital, acquired Go Configure, a Lisle, IL-based provider of consumer delivery, assembly, and installation services; TM Capital advised on the transaction
  • Refuel, backed by First Reserve, acquired Holmes Oil, a Chapel Hill, NC-based operator of convenience stores and fuel distribution businesses; BMO Capital Markets advised on the transaction
  • Dickinson Fleet Services, backed by Ridgemont Equity Partners, acquired Interstate Truck Center, a Kansas City, MO-based provider of emergency mobile truck repair services; KSM Business Services advised on the transaction
  • Alpine Investors acquired Jackson Mechanical Service, an Oklahoma City, OK-based provider of commercial and industrial HVACR and boiler services; Jackson will serve as the foundation of Orion Group Alpine’s newly formed commercial facility services platform; Generational Equity advised on the transaction
  • Davey Coach Sales, backed by Progress Equity Partners, acquired the California division of bus dealerships from Nations Bus Sales
  • Wheel Pros, backed by Clearlake Capital, acquired Performance Replicas, a distributor of replica wheels
  • Peltram Plumbing, backed by Crescendo Capital Partners, acquired Precision Plumbing and Service, a Matthews, NC-based provider of plumbing services to the commercial construction market; Ironwood Capital financed the transaction
  • Oracle Elevator, backed by L Squared Capital Partners, acquired Premier Elevator, a Stockbridge, GA-based provider of elevator maintenance, repair, and modernization services
  • Innovex Downhole Solutions, backed by Intervale Capital, acquired Rubicon Oilfield International, a Houston, TX-based provider of oilfield products and technical services
  • Satterfield Paving, backed by Halstatt Legacy Partners, acquired Triangle Traffic Painting, a Durham, NC-based provider of striping and pavement maintenance services
  • American AllWaste, backed by NewHold Enterprises, acquired Walker Aero Enterprises, an Austin, TX-based provider of waste removal and cleaning services
  • Miner, backed by Harvest Partners, acquired Warehouse Technology, a New Castle, DE-based distributor and installer of loading docks, doors, warehouse storage, and safety systems
  • Additional transactions

TMT

  • GCOM Software, backed by Sagewind Capital, acquired 20/20 Teknology, an Ashburn, VA-based provider of managed IT and systems integration services
  • Lometa Capital Partners invested in Applied Business Software, a Signal Hill, CA-based provider of loan servicing software; Aldine Capital Partners, Byline Bank and Quabbin Capital financed the transaction
  • Top Echelon Software, backed by SageLink Capital, acquired CATS Software, a Minneapolis, MN-based provider of applicant tracking and recruiting software; Hennepin Partners advised on the transaction
  • Insurity, backed by GI Partners, acquired CodeObjects, a Milpitas, CA-based provider of property and casualty insurance software
  • Park Place Technologies, backed by Charlesbank Capital Partners and GTCR, acquired Curvature, a Charlotte, NC-based provider of IT support, products, and services, from Partners Group
  • PKWARE, backed by Thompson Street Capital Partners, acquired Dataguise, a Fremont, CA-based provider of personal data discovery and protection technology and services
  • Smarsh, backed by K1 Investment Management, acquired Digital Reasoning, a Franklin, TN-based provider of natural language processing, artificial intelligence, and machine learning services; Barclays advised on the transaction
  • Rosewood Private Investments acquired General Informatics, a Baton Rouge, LA-based provider of managed IT services and consulting
  • Trace3, backed by H.I.G. Capital, acquired Groupware Technology, a Campbell, CA-based provider of IT solutions
  • Bain Capital Tech Opportunities and Nexxus Holdings acquired (i) HST Pathways based in Lafayette, CA, and (ii) Casetabs based in Irvine, CA; both companies are provide software for ambulatory surgery centers
  • Mitratech, backed by HG Capital, Noble Rock Advisors and TA Associates, acquired INSZoom, a Pleasanton, CA-based provider of immigration case management solutions
  • Periscope Equity invested in MobiChord, a Salt Lake City, UT-based provider of technology expense management software; D.A. Davidson advised on the transaction
  • SmartWave Technologies, backed by Northlane Capital Partners, acquired Multi-Tech Systems, a Mounds View, MN-based supplier of industrial communication devices and services
  • Vista Equity Partners acquired Pipedrive, a New York, NY-based provider of CRM software; Wells Fargo Securities advised on the transaction
  • Comoto Holdings, backed by ICP Group and Prospect Hill Growth Partners, acquired REVER, an Eagle, CO-based provider of a social navigation application for powersports enthusiasts
  • Kayne Partners Fund invested in Signal Automotive, a Los Angeles, CA-based provider of automotive wholesale software
  • Battery Ventures acquired StoneEagle F&I, a Richardson, TX-based provider of business management software for the retail automotive industry; Stout Risius Ross advised on the transaction
  • EMS LINQ, backed by Banneker Partners, acquired Titan School Solutions, an Irvine, CA-based provider of school nutrition management software
  • Welsh, Carson, Anderson & Stowe acquired TrueCommerce, a Cranberry Township, PA-based provider of trading partner connectivity and integration solutions, from Accel-KKR; PJ Solomon, William Blair and Evercore advised on the transaction
  • Executech, backed by Alpine Investors, acquired USPCNET, a Tempe, AZ-based provider of managed IT services
  • Infobip, backed by One Equity Partners, acquired OpenMarket, a Seattle, WA-based provider of mobile messaging solutions to enterprises
  • Newlight Partners invested in Sail Internet, a Palo Alto, CA-based provider of internet 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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