NepFin DealWatch as of September 7, 2020

Sep 08, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding September 08, 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

  • The Columbus Organization, backed by HealthEdge Investment Partners, acquired Advocates in Action, an Eatontown, NJ-based provider of support coordination services
  • Anser Advisory, backed by RTC Partners, acquired Ascent, a Chicago, IL-based provider of capital program advisory and project management services; BDO USA advised on the transaction
  • Circle Graphics, backed by H.I.G. Capital, acquired Bay Photo, a Scotts Valley, CA-based provider of photographic prints and photo finishing services to professional photographers and artists
  • Baird Capital invested in Blue Matter Consulting, a San Francisco, CA-based provider of consultancy services to the life sciences industry
  • Mobile Communications America, backed by Sentinel Capital Partners, acquired Commtronics of Virginia, a Richmond, VA-based provider of wireless communication equipment and services
  • Ardurra Group, backed by RTC Partners, acquired Constantine Engineering, a Fort Walton Beach, FL-based provider of engineering services to the water and public works markets; BDO USA advised on the transaction
  • Blacksmith Applications, backed by Strattam Capital, acquired Food Sales Enablers, a Buffalo, NY-based provider of software solutions to CPG sales and marketing organizations
  • SAM Companies, backed by Austin Ventures, acquired HALIS, a McDonough, GA-based provider of surveying and mapping services
  • MidOcean Partners acquired Music Reports, a Woodland Hills, CA-based provider of licensing, reporting, and royalty accounting solutions to the entertainment industry, from Abry Partners; Barings financed the transaction
  • ArchiMed acquired NAMSA, a Toledo, OH-based provider of product development services to the medical device industry
  • Oval Partners acquired The Tech Group, a South Burlington, VT-based provider of network security services; Generational Equity advised on the transaction
  • Pro-Vision, backed by JMC Capital Partners, acquired Zone Defense, a St Petersburg, FL-based manufacturer of vision systems for the automotive and fleet industries
  • Additional transactions

Consumer

  • Service Champions, backed by CenterOak Partners, invested in ASI Hastings, a San Diego, CA-based provider of residential HVAC and plumbing services
  • Sovos Brands, backed by Advent International, acquired Birch Benders, a Denver, CO-based provider of baking mixes
  • Traub Capital acquired MANA Products, a Long Island City, NY-based contract manufacturer of beauty products; Guggenheim Securities advised on the transaction
  • Wind Point Partners acquired RTIC, a Houston, TX-based provider of coolers and other outdoor products; Brown Gibbons Lang & Company advised on the transaction
  • Astar Heating & Air, backed by Dubin Clark, acquired Sila Heating & Air Conditioning, a King of Prussia, PA-based provider of residential HVAC and plumbing services; Varagon Capital Partners financed the transaction
  • Parship Group (parent of eHarmony), backed by General Atlantic, acquired The Meet Group, a New Hope, PA-based provider of interactive dating solutions
  • Additional transactions

Financial Services-1

  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Advantage Benefit Concepts, a Blackwood, NJ-based provider of employee benefit services
  • Wealth Enhancement Group, backed by TA Associates, acquired CJM Wealth Management, a Deer Park, NY-based hybrid registered investment advisor; Park Sutton Advisors advised on the transaction
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Countywide Insurance Agency, a Jefferson Valley, NY-based independent insurance agency
  • Hub International, backed by Hellman & Friedman, acquired Elevate Insurance Brokers, a Grand Prarie, AB-based independent insurance brokerage
  • One80 Intermediaries, backed by Kelso & Company, acquired Equinox Management Group, an Oradell, provider of managing general underwriter services, and its affiliates (i) Meridian Management Group, an Oradell, NJ based provider of managing general underwriter services, and (ii) Co-Ordinated Benefit Plans, a Clearwater, FL based provider of benefit plan administration services
  • HUB International, backed by Hellman & Friedman, acquired Hollis Companies, a Metairie, LA-based provider of group insurance consulting services
  • Amynta Group, backed by Madison Dearborn Partners, acquired a workers compensation book of business from Houston International Insurance Group, a Houston, TX-based insurance holding company
  • Heffernan Insurance Brokers, backed by SkyKnight Capital, acquired ISU Centinel Agency, a San Francisco, CA-based provider of insurance services to the construction and hospitality industries
  • HUB International, backed by Hellman & Friedman, acquired (i) Rockville Insurance Agency, a Gaithersburg, MD-based independent insurance brokerage, and (ii) Jeffrey Preston Zepp, an Ellicott City, MD based insurance brokerage
  • Additional transactions

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Healthcare

  • Premise Health, backed by Water Street Healthcare Partners, acquired CareHere, a Brentwood, TN-based provider of workplace healthcare services; Brentwood Capital Advisors advised on the transaction
  • MB2 Dental Solutions, backed by Sentinel Capital Partners, acquired Dowagiac Family Dentistry, a Dowagiac, MI-based provider of dental care services
  • AccentCare, backed by Advent International, acquired the the post-acute business of Fairview Health Services, a Minneapolis, MN-based nonprofit integrated health system
  • Signet Healthcare Partners and Laborie Medical Technologies acquired GI Supply, a Mechanicsburg, PA-based manufacturer of specialty endoscopy and paracentesis products
  • Cytel, backed by New Mountain Capital, acquired Laiya Consulting, a Chicago, IL-based drug development solutions company specializing in Bayesian adaptive trial designs and implementation
  • Trinity Hunt Partners acquired MainStreet Family Urgent Care, a Birmingham, AL-based provider of urgent care services; Allen Mooney Barnes Investment Banking Group advised on the transaction
  • US Med-Equip, backed by Harris Preston & Partners and Owner Resource Group, acquired Martab Equipment Management Services, an Allendale, NJ-based provider of medical equipment rentals
  • SENTA, backed by Shore Capital Partners, acquired Piedmont Ear, Nose, Throat & Related Allergy, an Atlanta, GA-based provider of ear, nose and throat healthcare services
  • Caregiver, backed by WindRose Health Investors, acquired Pine Ridge-Pine Village, a Williamsburg, OH-based provider of assisted living services for people with developmental disabilities
  • Medbio, backed by Graham Partners, acquired Polymer Conversions, an Orchard Park, NY-based contract manufacturer of medical devices that specializes in complex thermoplastic injection molding and value-add assembly
  • DermCare Management, backed by Hildred Capital Management, acquired SkinSmart Dermatology, a Sarasota, FL-based provider of medical and aesthetic skin care treatments; Cross Keys Capital advised on the transaction
  • Caregiver Inc., backed by WindRose Health Investors, acquired Soto ALG, an Augusta, GA-based provider of long term care and support for people with developmental disabilities
  • Averhealth, backed by Five Arrows Capital Partners, acquired Treatment Assessment Screening Center, a Phoenix, AZ-based provider of drug testing and behavioral health services
  • Royal Biologics, backed by Granite Creek Capital Partners, acquired the FIBRINET autologous blood therapy system from Vertical Spine, a Wall, NJ-based designer and manufacturer of medical devices
  • Retina Consultants of America, backed by Webster Equity Partners, acquired VitreoRetinal Surgery, PA, a St. Paul, MN-based retina specialty practice
  • Additional transactions

Industrials

  • Architect Equity acquired the aerospace composites division of AAR Corporation; the division is now doing business as Aeromatrix Composites, which designs, fabricates and assembles composite products and solutions for customers in the commercial aerospace and defense industries
  • Argonaut Private Equity acquired American Cementing, a Tulsa, OK-based provider of cementing solutions, from the Chapter 11 bankruptcy of BJ Services; Simmons Energy advised on the transaction
  • Frontline Road Safety, backed by The Sterling Group, acquired Apply-A-Line, a Pacific, WA-based provider of road and airport striping solutions, from NCA Partners
  • Alliance Emissions Monitoring, backed by Align Capital Partners, invested in Bureau Veritas Emissions Monitoring, a Baton Rouge, LA-based provider of emissions monitoring services
  • Graycliff Partners acquired Gerard Daniel Worldwide, a Hanover, PA-based manufacturer and distributor of wire mesh and other wire products
  • American AllWaste, backed by NewHold Enterprises, acquired Highway Environmental, a Chattanooga, TN-based provider of non-hazardous, liquid-waste transportation services
  • PLZ Aeroscience, backed by Pritzker Private Capital, acquired Mansfield-King, an Indianapolis, IN-based contract manufacturer of personal care products
  • Integrated Polymer Solutions, backed by Arcline Investment Management, acquired MAST Technologies, a San Diego, CA-based manufacturer of heat, corrosion, and radiation resistant materials; Philpott Ball & Werner advised on the transaction
  • TricorBraun, backed by AEA Investors, acquired Price Container and Packaging, a Willard, UT-based distributor of rigid packaging products for the industrial and food service markets
  • Relevant Rental, backed by LKCM Headwater Investments, acquired Surplus Group, a Dallas, TX-based provider of industrial temperature control equipment, followed by the concurrent rebranding of Relevant Rental to Critical Rental Solutions; Woodbridge International advised on the transaction
  • Fiberworx, backed by Dan T Moore, acquired Troy, a Harrisville, WV-based manufacturer of non-woven fabrics; Generational Equity advised on the transaction
  • East West Manufacturing, backed by Heritage Growth Partners, acquired Universal Electronics, a Whitewater, WI-based provider of electronics manufacturing services
  • Allegro MicroSystems, backed by One Equity Partners, acquired Voxtel, a Beaverton, OR-based developer of photonic and 3D imaging technologies
  • Additional transactions

 

TMT

  • Cognizant acquired 10th Magnitude, a Chicago, IL-based provider of cloud transition services focused exclusively on Microsoft Azure, from Pamlico Capital
  • Berkshire Partners and Centerbridge Partners acquired AHEAD, a Chicago, IL-based provider of enterprise cloud solutions, from Court Square Capital Partners; Guggenheim Securities, Deutsche Bank, Jefferies and RBC Capital Markets advised on the transaction; Barclays, Deutsche Bank, KKR Capital Markets, Macquarie Capital and RBC Capital Markets financed the transaction
  • FDS, backed by Calvert Street Capital Partners, merged with Amplicare, a New York, NY-based provider of business intelligence software to the pharmacy and healthcare industries
  • Ncontracts, backed by Gryphon Investors, acquired Banc Intranets, a Johnson City, TN-based provider of enterprise content management solutions for financial institutions
  • Quest Software, backed by Francisco Partners, acquired Binary Tree, a Kendall Park, NJ-based provider of cloud migration services
  • Innovative Discovery, backed by Silver Oak Services Partners, acquired Integro, an Englewood, CO-based provider of IT governance and content software services
  • Improving Enterprises, backed by Trinity Hunt Partners, acquired Object Partners, a Minneapolis, MN-based provider of custom software development services; Wiley Bros. Aintree Capital advised on the transaction
  • TCV acquired Oversight, an Atlanta, GA-based provider of spend management software, from Luminate Capital Partners; Shea & Company advised on the transaction
  • MRI Software, backed by GI Partners, acquired the RentPayment business, a portfolio of real estate payment brands from Priority Technology Holdings; Software Equity Group advised on the transaction
  • iThemes, backed by Madison Dearborn Partners, acquired Restrict Content Pro, a Hutchinson, KS-based provider of membership management plugin for WordPress
  • Providence Strategic Growth invested in Semarchy, a San Francisco, CA-based provider of master data management software
  • Spectrio, backed by Bertram Capital, acquired Senior Living Media, a Duluth, GA-based provider of communication and engagement software for senior living communities
  • Adweek, backed by Shamrock Capital Partners, acquired (i) Target Marketing, a Philadelphia, PA-based marketing media brand and magazine, (ii) Publishing Executive, a Philadelphia, PA based publishing focused media brand and magazine, and (iii) FUSE Media Summit, a Philadelphia, PA based media and technology convention; the divisons were purchased from NAPCO Media
  • ECi Software Solutions, backed by Apax Partners, acquired ThermoGRID, a Dubuque, IA-based provider of CRM software to residential services businesses; GrowthPoint Technology Partners advised on the transaction
  • Bow River Capital acquired Modus, a San Francisco, CA-based provider of 5G infrastructure services, from Titan Grove Holdings; Platform Partners invested alongside Bow River Capital; Houlihan Lokey 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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