NepFin DealWatch as of October 12, 2020

Oct 13, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding October 13, here are some of the most recent transactions. To see one of your deals featured, please submit the details here.

DealWatch Header Image

 

Business Services

  • LERETA, backed by Tarsadia Investments, acquired Accumatch, a Dallas, TX-based provider of property tax intelligence services
  • USATestPrep, backed by Serent Capital, acquired Education Galaxy, a Richardson, TX-based provider of online assessment, practice, and instruction to K-6 students
  • Eliassen Group, backed by Stone Point Capital, acquired Ferguson Consulting, a Chesterfield, MO-based provider of managed IT consulting services
  • American Testing and Inspection Services, backed by Greenleaf Capital Partners, acquired Kenneth H. Lemp Elevator Consultant, a Valley Park, MO-based provider of vertical transportation inspection and consulting services
  • FTV Capital invested in Lean Staffing Solutions, a Coral Springs, FL-based provider of nearshore, outsourced solutions for transportation and logistics companies
  • Littlejohn & Co and Neuberger Berman Alternatives Advisers acquired Mortgage Contracting Services, a Lewisville, TX-based provider of specialized services to financial institutions, from American Securities; Houlihan Lokey, MAEVA Group and Portage Point Partners advised on the transaction
  • AmeriLife Group, backed by Thomas H. Lee Partners and Waterfield Group, acquired Secure Administrative Solutions, a Salt Lake City, UT-based provider of third-party insurance administrator services, from A-CAP
  • Health & Safety Institute, backed by Apollo Investment and Waud Capital Partners, acquired SOS Intl, a Charlotte, NC-based provider of training and compliance solutions
  • W2O, backed by New Mountain Capital, acquired Starpower, a New York, NY-based provider of entertainment and influencer marketing services
  • CORE Industrial Partners acquired TCG Legacy, a Garner, NC-based provider of marketing, printing, and manufacturing services
  • Vidaris, backed by Clayton, Dubilier & Rice and Cobepa, acquired Veritas Advisory Group, a Dallas, TX-based provider of dispute resolution and project advisory services; Bulkley Capital advised on the transaction
  • Additional transactions

Consumer

  • Susquehanna Private Capital acquired Brandywine Coach Works, a Chadds Ford, PA-based provider of auto body repair services
  • Gridiron Capital invested in Cubii, a Chicago, IL-based provider of fitness equipment and wellness solutions
  • Red Barn Equity Partners invested in Dogtopia, a Phoenix, AZ-based provider of daycare, boarding, and grooming services for dogs; Thomas Franchise Solutions sold various interests in the transaction
  • Crash Champions, backed by A&M Capital Opportunities, acquired Fountain Valley Bodyworks, a Fountain Valley, CA-based provider of collision repair services; B. Riley Securities advised on the transaction
  • Twin Point Capital invested in Frontpoint Security, a Sterling, VA-based provider of home security and smart home technology; Raymond James & Associates advised on the transaction
  • Vacation Innovations, backed by Tritium Partners, acquired Holiday Systems International, a Las Vegas, NV-based provider of travel-related technology and membership-based discount programs
  • Additional transactions

Financial Services-1

  • Wealth Enhancement Group, backed by TA Associates Management, acquired 10-15 Associates, a Goshen, NY-based provider of investment advisory services
  • Hub International, backed by Hellman & Friedman, acquired Bernstein Insurance, an Odenton, MD-based provider of insurance brokerage services
  • Hub International, backed by Hellman & Friedman, acquired (i) Canwest Group Benefits, a Grand Prarie, AB-based provider of group benefits consulting and brokerage services, (ii) Clearpoint Advisory Group, an Edmonton, AB based provider of group benefit advisory services, and (iii) Clearpoint Retirement Solutions, an Edmonton, AB based provider of retirement solutions to employers
  • Spectrum Automotive, backed by Cornell Capital and Fidus Investment, acquired C.A.R.S. Protection Plus, a Murrysville, PA-based provider of vehicle service contracts, from Summit Park; William Blair & Company advised on the transaction
  • NFP, backed by Madison Dearborn Partners and Stone Point Capital, acquired Managed Care Consultants, a Devon, PA-based provider of employee benefits brokerage services
  • Hub International, backed by Hellman & Friedman, acquired Mumby Insurance Brokers, a Waterloo, ON-based provider of insurance brokerage services
  • Onex acquired OneDigital, an Atlanta, GA-based provider of employee benefits insurance brokerage and retirement consulting services, from New Mountain Capital; JP Morgan advised on the transaction
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Paul Global Benefits, a Syosset, NY-based provider of employee benefits consulting services; Helfer & Associates and Sica Fletcher advised on the transaction
  • Mercer Advisors, backed by Genstar Capital and Oak Hill Capital, acquired Personal Financial Advisors, a Covington, LA-based provider of wealth management services
  • EP Wealth Advisors, backed by Samson Investment Partners, acquired (i) The Insight Group, a Salt Lake City, UT-based provider of wealth management services, and (ii) Financial Insight Center, a Salt Lake City, UT based provider of wealth management services
  • Hub International, backed by Hellman & Friedman, acquired WFG Benefits, a McLean, VA-based provider of insurance and employee benefit planning services
  • Additional transactions

Sign up for our weekly DealWatch briefing

Healthcare

  • Pathways Health and Community Support, backed by Atar Capital, acquired (i) Access Family Services based in Charlotte, NC, (ii) Family Behavioral Resources based in Monroeville, PA, and (iii) Autism Education & Research Institute based in Monroeville, PA; the companies were backed by H.I.G. Capital and provide behavioral health and autism services; Duff & Phelps Securities advised on the transaction
  • New Mountain Capital acquired Benevis, a Marietta, GA-based provider of dental practice support services; Lincoln International advised on the transaction
  • St. Cloud Capital invested in Catawba Research, a Charlotte, NC-based provider of contract research services
  • Select Rehabilitation, backed by Flexpoint Ford, acquired the RehabCare business line of Kindred Healthcare, a Louisville, KY-based provider of healthcare services backed by TPG and Welsh, Carson, Anderson & Stowe; Guggenheim Securities advised on the transaction
  • Podiatry Growth Partners, backed by Compass Group Equity Partners, Siguler Guff & Company and VSS, acquired Podiatry Associates, a Castle Pines, CO-based provider of podiatry care services
  • Compass Group Equity Partners, Siguler Guff & Company and VSS invested in Podiatry Growth Partners, a Saint Louis, MO-based owner and operator of regionally branded podiatry clinics
  • Monte Nido & Affiliates, backed by Levine Leichtman Capital Partners, acquired Rosewood Centers for Eating Disorders, a Wickenburg, AZ-based provider of eating disorder treatment and care services
  • Additional transactions

Industrials

  • Equity Group Investments acquired Able Freight Services, a Los Angeles, CA-based provider of airfreight forwarding services
  • Copley Equity Partners acquired and merged (i) Aeothon Aerial Solutions, a Burlington, ON-based provider of aerial remote sensing and data analysis services, and (ii) Flight Evolved, a San Diego, CA based provider of remote sensing and UAV products and services
  • GenNx360 Capital Partners acquired (i) B2B Industrial Packaging based in Addison, IL, and (ii) AMW Packaging Supply based in Phoenix, AZ; both companies are providers of packaging supplies and equipment
  • Wellspring Capital Management acquired Cadence Petroleum Group, an Asheboro, NC-based distributor of lubricant and fuel products, from TENEX Capital Management; Stephens advised on the transaction; Cerberus Business Finance financed the transaction
  • Avantus Aerospace, backed by Auctus Industries and Inflexion, acquired California Screw Products, a Paramount, CA-based manufacturer of fasteners for commercial and military aerospace applications; CDS advised on the transaction
  • Shrieve Chemical Company, backed by Falcon Investment Advisors and Gemspring Capital, acquired the styrene distribution business of CLP Chemicals, a distributor of industrial chemicals
  • Sole Source Capital acquired Dallas Plastics, a Mesquite, TX-based manufacturer of blown polyethylene film; Mesirow Financial and Current Capital Partners advised on the transaction
  • Consolidated Machine & Tool Holdings, backed by White Wolf Capital, acquired Delva Tool & Machine, a Cinnamonson, NJ-based provider of contract machining, fabrication, engineering, and assembly services; The DAK Group advised on the transaction
  • Pritzker Private Capital, Concentric Equity Partners, and Duchossois Capital Management acquired Energy Distribution Partners, a Chicago, IL-based distributor of propane and light fuels
  • H.I.G. Capital acquired Hart & Cooley, a Grand Rapids, MI-based manufacturer of HVAC and air distribution products
  • Dream Finders, backed by Boston Omaha, acquired H&H Homes, a Fayetteville, NC-based provider of homebuilding servies; ORE Advisory advised on the transaction
  • Pritzker Private Capital acquired (i) Highline Aftermarket, a Memphis, TN-based manufacturer and distributor of automotive products, and (ii) Warren Distribution, an Omaha, NE based manufacturer of private label lubricants and automotive chemicals, from The Sterling Group
  • AEVEX Aerospace, backed by Madison Dearborn Partners and CoVant Management, acquired (i) IKHANA Aircraft Services, a Murrieta, CA-based provider of aircraft engineering, modification, and maintenance solutions, and (ii) Geodetics Incorporated, a San Diego, CA based provider of commercial positioning and assured navigation products and solutions; KAL Capital Markets advised on the transaction
  • Brook & Whittle, backed by Snow Phipps Group, acquired (i) Innovative Labeling Solutions, a Hamilton, OH-based provider of packaging and labeling services, and (ii) Wizard Labels, provider of custom label services; RKCA Investment Banking advised on the transaction
  • IMG Companies, backed by Addison Capital Partners, acquired Larkin Precision Machining, a Scotts Valley, CA-based provider of manufacturing services
  • Premier Steel Doors and Frames, backed by OpenGate Capital, acquired MegaMet Industries, a Birmingham, AL-based manufacturer of acoustic, blast-proof, and other specialty hollow metal doors
  • Warren Equity Partners formed USA Water Holdings, a water and wastewater platform, and acquired Si Environmental, a Rosenberg, TX-based provider of operations and maintenance services for water and wastewater utility districts
  • Additional transactions

 

TMT

  • TrialCard, backed by Odyssey Investment Partners, acquired Canary Insights, a Lakewood, CO-based provider of healthcare information management services
  • Varicent, backed by Great Hill Partners and Spectrum Equity, acquired FunnelCake, a Kitchener, ON-based provider of a revenue operations platform
  • MidOcean Partners acquired Intervision Systems, a Santa Clara, CA-based provider of IT solutions and managed services, from Huron Capital, who will remain an investor; KPMG advised on the transaction
  • Vector Capital acquired MarkLogic, a San Carlos, CA-based provider of enterprise data integration and data management solutions; Cowen advised on the transaction; Monroe Capital financed the transaction
  • Integrity Growth Partners and Cohesive Capital Partners invested in MBS Highway, a Holmdel, NJ-based provider of mortgage intelligence and sales effectiveness software
  • Transflo, backed by True Wind Capital and Carousel Capital, acquired Microdea, a Markham, ON-based provider of document management and back office automation software; Klar Ventures and DC Advisory advised on the transaction
  • FASTSIGNS, backed by LightBay Capital and Freeman Spogli, acquired NerdsToGo, a Guilford, CT-based provider of IT services
  • PINC, backed by Accel-KKR, acquired RailcarRx, an Irving, TX-based provider of rail industry software solutions and services
  • IRI, backed by New Mountain Capital and Vestar Capital Partners, acquired RSi, a San Jose, CA-based provider of supply chain solutions for CPG manufacturers and retailers; Wells Fargo Securities advised on the transaction
  • Envase Technologies, backed by The Firmament Group, acquired SecurSpace, a Charlotte, NC-based provider of an online marketplace for truck storage space and gate management system software
  • Thrive, backed by M/C Partners, acquired Timlin Enterprises, a Holliston, MA-based provider of information technology services; BellMark Partners advised on the transaction
  • Additional transactions

investment_criteria_v2

 

NepFin DealWatch Lookback

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.

Recent Posts

NepFin DealWatch Lookback

Sign up for our weekly DealWatch briefing