NepFin DealWatch as of October 5, 2020

Oct 05, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding October 05, 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

  • Benefit Resource, backed by CIP Capital and Parkpoint Company, acquired 121 Benefits, a Minneapolis, MN-based provider of employee benefits administration services
  • Forest Light Capital acquired Central Marketing Associates, a Delaware, OH-based provider of supply chain services for fresh produce; Generational Equity advised on the transaction
  • Aquiline Capital Partners acquired and merged (i) CodeBlue, a Springfield, OH-based provider of claims management solutions to insurance carriers, and (ii) MADSKY, an Engelwood, CO based provider of exterior home repair services to insurance carriers and homeowners
  • Trinity3 Technology, backed by Rotunda Capital Partners, acquired FireFly Computers, a Saint Paul, MN-based provider of computers and technology solutions to the K-12 market
  • The Riverside Company invested in G&A Partners, a Houston, TX-based provider of professional employer and human resources outsourcing services
  • Ontellus, backed by Aquiline Capital Partners and The CapStreet Group, acquired (i) INTERTEL, a St Louis, MO-based provider of medical canvassing services, and (ii) MasterTrace, a Tamarac, FL based provider of medical canvassing services
  • Red Nucleus, backed by The Riverside Company, acquired INVIVO Communications, a Toronto, ON-based provider of digital communication and marketing services
  • Woolpert, backed by Long Point Capital, Stags Participations and TriSpan, acquired Jviation, a Denver, CO-based provider of airport planning, architecture, and construction management services
  • Supply Chain Services, backed by Sole Source Capital, acquired Miles Data Technologies, a Waukesha, WI-based provider of barcode, RFID, and mobility solutions
  • St. Cloud Capital invested in Morrow Sodali, a New York, NY-based provider of strategic advisory and shareholder services; existing investors include Granite Creek Capital Partners and Solaia Capital
  • HomeRiver Group, backed by TZP Group, acquired Property Frameworks, a Plano, TX-based provider of property management services
  • Agility Recovery, backed by LLR Partners and Generation Partners, acquired Recovery Solutions, a Chicago, IL-based provider of business continuity services
  • NexusTek, backed by Abry Partners, acquired Symmetrix Solutions, a Denver, CO-based provider of managed IT services
  • Additional transactions

Consumer

  • ACE & Company, BPEA Private Equity and Brand Velocity Partners acquired BBQGuys, a Baton Rouge, LA-based provider of barbeque grills, grilling accessories, and outdoor kitchen products; WhiteHorse Capital financed the transaction
  • Eurazeo Brands invested in Dewey's Bakery, a Winston-Salem, NC-based manufacturer of cookies and crackers
  • Horizon Group Holdings, backed by New Mountain Capital, acquired Hutchinson Plumbing Heating Cooling, a Cherry Hill, NJ-based provider of residential and commercial HVAC services
  • Innovations in Nutrition + Wellness, backed by Rosewood Private Investments, acquired Living Ecology, a Corona, CA-based developer and manufacturer of functional foods and nutritional supplements
  • Kohlberg & Company acquired Parts Authority, a Lake Success, NY-based distributor of automotive aftermarket parts, from The Jordan Company
  • Trilantic North America invested in Rarebreed Veterinary Partners, a Portland, ME-based veterinary practice network; existing investors Caremi Partners Limited, Northwood Ventures and Halle Capital Management also participated in the round
  • ZT Motors, backed by ZT Corporate, acquired Ron Carter Autoland, an Alvin, TX-based retailer of new and used automobiles; Haig Partners advised on the transaction; Chrysler Capital financed the transaction
  • Additional transactions

Financial Services-1

  • Altamont Capital Partners invested in Cornerstone Advisors, a Scottsdale, AZ-based provider of advisory services to banking institutions; Clearsight Advisors and Lazard Middle Market advised on the transaction; Churchill Asset Management and LBC Credit Partners financed the transaction
  • NFP, backed by HPS Investment Partners and Madison Dearborn Partners, acquired Hutch Hubby & Associates, an Austin, TX-based provider of employee benefits brokerage services
  • Worldwide Facilities, backed by Genstar Capital, acquired Jorgensen & Company, a Maywood, NJ-based provider of managing general underwriting services; Marsh, Berry & Company advised on the transaction
  • AmeriLife Group, backed by Thomas H. Lee Partners and Waterfield Group, acquired Senior Healthcare Direct (dba Medicare Bob), a Palm Harbor, FL-based provider of a Medicare insurance marketplace
  • Wealthspire Advisors, a subsidiary of NFP backed by HPS Investment Partners and Madison Dearborn Partners, acquired StratWealth, a Fulton, MD-based provider of wealth management services
  • Steward Partners Global Advisory, backed by The Cynosure Group, acquired the wealth management business of Umpqua Investments; Raymond James Financial advised on the transaction
  • EdgeCo Holdings, backed by Parthenon Capital Partners, acquired Unified Trust Company, a Lexington, KY-based provider of retirement plan and fiduciary services; Unified Trust will become part of EdgeCo subsidiary American Trust Company; Keefe, Bruyette & Woods advised on the transaction
  • CC Capital and Motive Partners acquired Wilshire Associates, a Santa Monica, CA-based provider of investment technology and advisory services
  • Additional transactions

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Healthcare

  • Innovative Renal Care, backed by Nautic Partners, acquired American Renal Associates, a Beverly, MA-based provider of dialysis services; BofA Securities, Goldman Sachs & Co, Guggenheim Securities and Raymond James & Associates advised on the transaction; HPS Investment Partners financed the transaction
  • SENTA, backed by Shore Capital Partners, acquired Atlanta Allergy & Asthma Clinic, an Atlanta, GA-based provider of care and research for allergies, asthma, and immunology; Cross Keys Capital advised on the transaction
  • Matrix Medical Network, backed by Frazier Healthcare Partners, acquired Biocerna, a Fulton, provider of clinical laboratory services
  • SPG, backed by Ridgemont Equity Partners, acquired (i) Go2Consult, a Los Angeles, CA-based provider of speech and language services for students with autism, and (ii) Family Support Center, a Colorado Springs, CO based provider of behavioral analysis and education services for children with autism; Brentwood Capital Advisors advised on the transaction; Avante Capital Partners, BMO Sponsor Finance and Crescent Direct Lending financed the transaction
  • Enhanced Healthcare Partners invested in NeuroPsychiatric Hospitals, a South Bend, IN-based operator of neuropsychiatric healthcare facilities; Cantor Fitzgerald advised on the transaction
  • Smile Brands, backed by Gryphon Investors, acquired Reflections Dental, a Seattle, WA-based provider of dental care services
  • Additional transactions

Industrials

  • Ardian North America Direct Buyouts acquired Acousti Engineering Company of Florida, an Orlando, FL-based provider of specialty contracting services for commercial and institutional buildings
  • Unified Door and Hardware Group, backed by Dunes Point Capital, acquired Architectural Door & Hardware of New York, a Newburgh, NY-based distributor of doors and hardware
  • Cotton Creek Capital acquired ConeCraft, a Fort Worth, TX-based engineer and manufacturer of equipment for the life science industry
  • Frontline Road Safety, backed by The Sterling Group, acquired Griffin Pavement Striping, a Columbus, OH-based provider of road, highway, and airport line striping services
  • Inland Pipe Rehabilitation, backed by J.F. Lehman & Company, acquired Murphy Pipeline Contractors, a Jacksonville, FL-based provider of pipeline rehabilitation solutions for the municipal potable water and wastewater markets; BDO Capital Advisors advised on the transaction
  • Snow Phipps acquired Prototek, a Contoocook, CT-based manufacturer of CNC machined and fabricated parts and components, from CORE Industrial Partners; Lincoln International and Baird advised on the transaction
  • Imperial Dade, backed by Bain Capital Private Equity, acquired P&R Paper Supply, a Redlands, CA-based distributor of food service and janitorial products
  • Excelitas, backed by AEA Investors, acquired the SolidTRON product line of Silicon Power Corp
  • FleetPride, backed by ACE & Company and American Securities, acquired TransAm Truck and Trailer Parts, a Rockford, IL-based provider of parts and service for commercial trucks and trailers
  • Additional transactions

 

TMT

  • Mitratech, backed by HG Capital, TA Associates, and Noble Rock Advisors acquired Acuity ELM, a Richmond, VA-based provider of legal operations software
  • SDC Capital Partners invested in ALLO Communications, an Imperial, NE-based provider of fiber-to-the-premise services; Goldman Sachs & Co advised on the transaction
  • Jumio, backed by Centana Growth Partners, acquired Beam Solutions, a San Francisco, CA-based developer of anti-money laundering (AML), know-your-customer (KYC) and suspicious activity reporting (SAR) platform for regulated industries
  • EMS LINQ, backed by Banneker Partners and APES, acquired Colyar Technology Solutions, a Scottsdale, AZ-based provider of school nutrition management software, from Castle Harlan
  • Featheringill Capital acquired InvestEdge, a Bala Cynwyd, PA-based provider of compliance software to financial institutions; Financial Technology Partners advised on the transaction
  • JLL Partners acquired MedeAnalytics, a Richardson, TX-based developer of financial analysis tools for the healthcare industry, from Thoma Bravo; Jefferies advised on the transaction
  • MBO Partners, backed by Primus Capital, acquired MindSumo, a Durham, NC-based provider of a platform for crowdsourcing innovation and insights
  • TA Associates acquired Netwrix, an Irvine, CA-based provider of cybersecurity services; existing investor Updata Partners participated in the round
  • Helium 10, backed by Providence Equity Partners, acquired Prestozon, a San Francisco, CA-based provider of Amazon advertising software
  • Rockbridge Growth Equity invested in Quartile Digital, a New York, NY-based provider of advertising spend and optimization software; CG Petsky Prunier advised on the transaction
  • MicroAge, backed by Alerion Capital Group, acquired Semaphore Co, an Atlanta, GA-based provider of cloud services
  • Charles Thayne Capital acquired World Archives, a Cedar Rapids, IA-based provider of digitized historical newspaper content; Metric Point Capital 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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