NepFin DealWatch as of September 21, 2020

Sep 21, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding September 21, 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

  • HelioCampus, backed by Pamlico Capital, acquired ABC Insights, a Chapel Hill, NC-based provider of financial consulting services to higher education institutions
  • BV Investment Partners invested in (i) GlideFast Consulting, a Woburn, MA-based provider of advisory and implementation services related to the ServiceNow software platform, and (ii) Pharicode, a Huntsville, AL based provider of cloud transformation services for federal and state agencies; Transact Capital Partners and Citizens Bank advised on the transaction
  • 424 Capital acquired Hospital Energy, a Portsmouth, NH-based provider of energy procurement strategies for US hospital systems
  • Big Language Solutions, backed by MSouth Equity Partners, acquired ISI Language Solutions, a Glendale, CA-based provider of industry-specific language and localization solutions
  • Charles Taylor, backed by Lovell Minnick Partners, acquired SBSA, a Golden, CO-based provider of engineering and architectural services
  • ALL4, backed by BPEA Private Equity and JMH Capital, acquired Smith Management Group, a Lexington, KY-based provider of environmental consulting services
  • Revint Solutions, backed by New Mountain Capital, acquired Triage Consulting Group, a San Francisco, CA-based provider of revenue review services to the healthcare industry
  • Additional transactions

Consumer

  • GI Partners made a majority investment in American Residential Services, a Memphis, TN-based provider of residential HVAC and plumbing services; existing investor Charlesbank Capital Partners also made a significant new investment
  • San Francisco Equity Partners invested in BrüMate, a Fort Lauderdale, FL-based provider of direct-to-consumer insulated drinkware and coolers; Threadstone Advisors advised on the transaction
  • Highlander Partners acquired Hilo Nutrition, a Columbus, OH-based provider of consumer nutrition and supplement products
  • SavATree, backed by CI Capital Partners, acquired Jordan's Tree Moving & Maintenance, a Fort Collins, CO-based provider of tree care and tree transplantation services
  • Sun Capital Partners invested in Mancini's Sleepworld, a Livermore, CA-based retailer of mattresses and furniture
  • Bettera Brands, backed by Highlander Partners, acquired Nutravail, a Chantilly, VA-based provider of manufacturing and product development to the confection and nutraceutical industries
  • Caribé Juice acquired WTRMLN WTR, a Denver, CO-based producer of nutrition-focused consumer beverages, from Strand Equity Partners
  • Additional transactions

Financial Services-1

  • Wedbush Securities / Wedbush Capital, acquired Bailey & Quinn Financial Consulting Group, a Radnor, PA-based provider of financial consulting services
  • SitusAMC, backed by Stone Point Capital, acquired the third-party loan servicing and asset management platform of Cohen Financial, a division of Truist Financial Corporation; Truist will retain Cohen's Debt Advisory & Placement platform which it will migrate under the Grandbridge brand
  • Payroc, backed by Parthenon Capital Partners, acquired eConduit, a Hoffman Estates, IL-based provider of electronic payment software and services
  • Lincoln Investment, backed by Lovell Minnick Partners, acquired the Hanlon Advisory Software division of Hanlon Investment Management; Raymond James Financial advised on the transaction
  • Kestra Financial, backed by Stone Point Capital and Warburg Pincus, acquired RS Will Wealth Management, a Frederick, MD-based provider of wealth management services
  • High Street Insurance Partners, backed by Huron Capital, acquired (i) Tracy, Driscoll & Co., a Bristol, CT-based independent insurance agency, and (ii) Millennium Alliance Group, a Melville, NY based independent insurance agency
  • The Orogen Group, backed by Atairos, acquired , Westcor Land Title Insurance Companya Maitland, FL-based provider of title insurance services; Citigroup advised on the transaction
  • Additional transactions

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Healthcare

  • CATO SMS, backed by JLL Partners and Water Street Healthcare Partners, acquired Array Biostatistics, a Wilmington, NC-based provider of drug development support services for biopharmaceutical companies
  • Mirion Technologies, backed by Ardian and Charterhouse Capital Partners, acquired Biodex Medical Systems, a Shirley, NY-based provider of nuclear medicine instruments, medical imaging equipment, and rehabilitation systems
  • US Eye, backed by Pamlico Capital, acquired Carolina Eyecare Physicians, a Charleston, SC-based provider of eye care services
  • Jet Health, backed by Health Enterprise Partners, acquired Carrington Hospice Care, an Arlington, TX-based provider of hospice care services; American HealthCare Capital advised on the transaction
  • Women's Care Enterprises, backed by Lindsay Goldberg, acquired Complete Women Care, a Long Beach, CA-based provider of women's healthcare services
  • LearnWell, backed by 424 Capital and Eagle Private Capital, acquired Comprehensive Counseling LCSWs, a Rego Park, NY-based provider of mental healthcare services
  • Schweiger Dermatology Group, backed by LNK Partners, Zenyth Partners, and LLR partners, acquired the dermatology practices of (i) Dr. Lillian Graf in Bayside, NY, and (ii) Dr. Leopold Laufer in Brooklyn, NY
  • Peak Rock Capital acquired Paragon Healthcare, a Dallas, TX-based provider of ambulatory, home infusion, and specialty pharmacy services; Edgemont Partners and Guggenheim Partners advised on the transaction
  • Traditions Health, backed by Dorilton Capital, acquired (i) Physician's Choice Hospice, an Edmond, OK-based provider of hospice and home care, and (ii) Palladium Hospice and Palliative Care, a Greenville, SC based provider of hospice and home care; Infinity Capital Partners and Stoneridge Partners advised on the transaction
  • AEG Vision, backed by Riata Capital Group, acquired Pinnacle Eye Group, a Perrysburg, OH-based optometry group practice
  • Blue Venture Fund and Spectrum Equity invested in PWNHealth, a New York, NY-based provider of healthcare diagnostic testing enablement solutions
  • NorthStar Anesthesia, backed by The Cranemere Group, acquired select anesthesia services businesses from Surgery Partners; Greenhill & Company advised on the transaction
  • Additional transactions

Industrials

  • Westcoast Gate & Entry Systems, backed by Kian Capital, acquired Automated Gate Services, a Corona, CA-based provider of perimeter security structures and systems for commercial and public properties; Plethora Businesses advised on the transaction
  • Individual FoodService, backed by Kelso & Company, acquired Central Sanitary Supply, a Modesto, CA-based distributor of janitorial, cleaning, and facility supplies
  • Quirch Foods, backed by Palladium Equity Partners, acquired Colorado Boxed Beef, a Lakeland, FL-based supplier of protein products to the food retailers, from Altamont Capital Partners
  • Reedy Industries, backed by Audax Private Equity, acquired Colorado Mechanical Systems, a Centennial, CO-based provider of mechanical installation and maintenance services
  • Wellborn Forest, backed by HCI Equity Partners, acquired De Pere Cabinet, a De Pere, WI-based manufacturer of cabinetry; TKO Miller advised on the transaction
  • National Fire and Safety, backed by Highview Capital, acquired Element Fire Protection, a Phoenix, AZ-based provider of fire safety products and services
  • Osceola Capital acquired Industry Services Company (ISC), a Theodore, AL-based provider of industrial maintenance services; concurrently, ISC acquired Guy Nielson Company, a Pocatello, ID based provider of industrial and refractory maintenance services; which combined operations with DG Skouse, a division of ISC; Founders Advisors advised on the transaction
  • Artemis Capital Partners acquired Omega Optical, a Battleboro, VT-based manufacturer of optical filters and coatings
  • Highline Aftermarket, backed by The Sterling Group, acquired the retail segment (Plews Retail) of Plews & Edelmann
  • Aterian Investment Partners and Craft Work Capital invested in Rogers Mechanical Contractors, a Villa Rica, GA-based provider of HVAC, mechanical, and plumbing contracting services to the distribution center market; Capstone Headwaters and Lincoln International advised on the transaction
  • PINC, backed by Accel-KKR, acquired the Shipper TMS portion of the Supply Chain Optimization (SCO) software business portfolio owned by Wabtec Corporation
  • Additional transactions

 

TMT

  • Avertium, backed by Sunstone Partners, acquired 1440 Security, a Dallas, TX-based provider of managed cybersecurity services
  • ComfortHost, backed by Cloud Equity Group, acquired Advantagecom Networks, a College Place, WA-based provider of web hosting, virtualization, dedicated servers, and colocation services
  • JMI Equity invested in Bloomerang, an Indianapolis, IN-based provider of donor management software for nonprofits; Canaccord Genuity advised on the transaction
  • SitusAMC, backed by Stone Point Capital, acquired ComplianceEase, a Burlingame, CA-based provider of risk management solutions to the financial services industry; Berkery Noyes advised on the transaction
  • Provation, backed by Clearlake Capital, acquired ePreop, a Seal Beach, CA-based provider of software solutions for healthcare before and after surgery; Healthcare Growth Partners and District Capital Partners advised on the transaction
  • Thomas H. Lee Partners acquired Insurance Technologies, a Colorado Springs, CO-based provider of sales and regulatory automation solutions to the financial services industry, from NexPhase Capital; William Blair & Company and Houlihan Lokey advised on the transaction
  • RLDatix, backed by Five Arrows Capital Partners, Susquehanna Growth Equity and TA Associates, acquired oneSOURCE, a Salt Lake City, UT-based provider of a medical equipment documentation database
  • Visible Supply Chain Management, backed by The Cynosure Group, acquired PC Synergy, a San Marcos, CA-based provider of point-of-service software for the retail shipping industry
  • AFV Partners acquired Seattle Avionics, a Woodinville, WA-based provider of general aviation software applications
  • GI Partners acquired Sectigo, a Roseland, NJ-based provider of automated digital identity management and web security solutions; UBS Securities and Jefferies advised on the transaction
  • Doxim, backed by GI Partners, acquired Striata, a New York, NY-based provider of customer communications management solutions; Novitas Capital Advisors advised on the transaction
  • M33 Growth invested in YAPI, a Los Angeles, CA-based provider of automation and patient communication software for dental practices
  • Clearlake Capital acquired Zywave, a Milwaukee, WI-based provider of cloud-based insurance distribution software, from Aurora Capital Partners; William Blair & Company advised on the transaction
  • Brightstar Capital Partners acquired Brightstar Corp, a Miami, FL-based provider of end-to-end device lifecycle solutions for mobile devices, from Softbank Group
  • Great Plains Communications, backed by Grain Management, acquired Enhanced Telecommunications Corporation, a Sunman, IN-based provider of high-speed Internet, Ethernet, voice, video, and transport services
  • FirstLight Fiber, backed by Antin infrastructure Partners, acquired substantially all of the assets, including the fiber network and related customer contracts of KINBER, a Harrisburg, PA-based nonprofit corporation providing broadband connectivity and digital technology; RBC Capital Markets 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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