NepFin DealWatch as of September 28, 2020

Sep 28, 2020

NepFin DealWatch is the definitive source for the latest deals in the lower middle market. For the week preceding September 28, 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

  • Gridiron Capital acquired AML RightSource, a Cleveland, OH-based provider of financial crimes compliance solutions, from Clarion Capital Partners; Raymond James & Associates advised on the transaction
  • Barrington Media Group, backed by Fort Point Capital, acquired Blackbird Garage, a Chicago, IL-based provider of digital marketing and advertising services; Generational Capital Markets advised on the transaction
  • MarketCast, backed by Kohlberg & Company, acquired Deductive, a San Rafael, CA-based provider of data science services
  • W2O, backed by New Mountain Capital, acquired Elysia Group, a New York, NY-based provider of consulting services to the life science industry
  • E Source, backed by Align Capital Partners, acquired Excergy, a Denver, CO-based provider of consulting and system implementation services to the utility industry
  • ClinicalMind, backed by Renovus Capital Partners, acquired IC Axon, a Montreal, QC-based provider of training and education services for the life science industry
  • Integrity Marketing Group, backed by Harvest Partners and HGGC, acquired Insurance Administrative Solutions, a Clearwater, FL-based provider of business process outsourcing for insurance carriers
  • Remedy Health Media, backed by Praesidian Capital and Topspin Consumer Partners, acquired Oncology Business Review, a Sausalito, CA-based provider of news and information resources to oncology healthcare professionals
  • Odyssey Investment Partners acquired ProPharma Group, an Overland Park, AR-based provider of regulatory and compliance services to the life sciences industry, from Linden Capital Partners; Jefferies advised on the transaction
  • TCG acquired SketchyMedical, a Los Angeles, CA-based provider of online education services for med school students
  • Additional transactions

Consumer

  • Mercato Partners Savory Fund invested in The Crack Shack, a San Diego, CA-based fried chicken restaurant concept; RA Capital Advisors advised on the transaction
  • Additional transactions

Financial Services-1

  • Orion Advisor Solutions, backed by Genstar Capital and TA Associates, acquired Brinker Capital, a Berwyn, PA-based provider of investment management services
  • Patriot Growth Insurance Services, backed by Summit Partners, acquired Capstone Brokerage, a Las Vegas, NV-based provider of insurance brokerage services
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Gateway Agency National, a Highlands, NJ-based independent insurance brokerage
  • World Insurance Associates, backed by Charlesbank Capital Partners, acquired Sapoznik Insurance, a North Miami Beach, FL-based provider of employee health benefits services; Helfer & Associates and Sica Fletcher advised on the transaction
  • Additional transactions

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Healthcare

  • Frazier Healthcare Partners and Thomas H. Lee Partners acquired Adare Pharmaceuticals, a Lawrenceville, NJ-based provider of contract development and manufacturing services, from TPG Capital who will retain rights to Adare’s Eosinophilic Esophagitis (EoE) product, which has been spun out into a separate entity, Ellodi Pharmaceuticals; RBC Capital Markets advised on the transaction.
  • Ampersand Capital Partners acquired American Laboratory Products Company, a Salem, NH-based provider of in vitro diagnostics products and services
  • U.S. Orthopedic Partners a newly established orthopaedic platform backed by FFL Partners and Thurston Group, acquired Mississippi Sports Medicine and Orthopaedic Center, a Jackson, MS-based provider of orthopedic care
  • Parexel, backed by Pamplona Capital Management, acquired Roam Analytics, a San Francisco, CA-based developer of natural language processing infrastructure for the healthcare industry
  • Additional transactions

Industrials

  • H.I.G. Capital invested in Construction Forms, a Port Washington, WI-based manufacturer of piping systems and accessories industrial applications
  • DC Capital Partners acquired Digital Force Technologies, a San Diego, CA-based provider of hardware and software products used for force protection and tactical surveillance; Raymond James & Associates advised on the transaction
  • QuantiTech, backed by Sagewind Capital, acquired Dynamic Concepts, a Hunstville, AL-based provider of engineering and software services for human spaceflight
  • Amentum, backed by American Securites and Lindsay Goldberg, acquired DynCorp International, a McLean, VA-based provider of aviation and logistics support services, from Cerberus Capital Management; Citigroup Global Markets, Morgan Stanley & Co and RBC Capital Markets advised on the transaction
  • MacQueen Emergency, backed by Rotunda Capital Partners, acquired Emergency Response Solutions, an East Bethel, MN-based provider of fire fighting equipment
  • ThompsonGas, backed by Redwood Capital Investments, acquired EnergyUnited Propane, a Statesville, NC-based provider of propane services; Matrix Capital Markets advised on the transaction
  • Sentrics, backed by Kian Capital and Periscope Equity, acquired Luna Lights, a Chicago, IL-based provider of automated lighting software for the senior living industry
  • GRO-WELL, backed by GEF Capital Partners, acquired Pacific Topsoils, an Everett, WA-based provider of topsoil and landscape construction materials
  • Auxo Investment Partners acquired (i) Paramount Tube, a Fort Wayne, IN-based manufacturer of tubular products, and (ii) Euclid Medical, an Apple Creek, OH based manufacturer of automated single- and multi-dose pharmaceutical packing systems, from Greyrock Capital Group and Long Point Capital
  • StonePoint Materials, backed by Sun Capital Partners, acquired River Aggregates, a The Woodlands, TX-based operator of two sand and gravel facilities
  • Argonne Capital Group acquired (i) Schill Grounds Management, a Cleveland, OH-based commercial landscaping company, and (ii) McCoy Landscape Services, a Marion, OH based commercial landscaping company; Three Point Group advised on the transaction; Plexus Capital financed the transaction
  • KICTeam, backed by Inverness Graham Investments, acquired Teknipure, a Mesa, AZ-based provider of cleaning products for cleanroom and other controlled environments
  • Palladium Equity Partners acquired Trachte USA, an Oregon, WI-based manufacturer of preassembled metal control buildings, from MPE Partners; Stephens advised on the transaction
  • Additional transactions

 

TMT

  • Polaris Growth Fund invested in ARInsights, a Sunny Isles Beach, FL-based provider of analyst relations software
  • Magaya, backed by LLR Partners, acquired Catapult, a Lenexa, KS-based provider of freight rate management software
  • ASG LegalTech, backed by Alpine Investors, acquired Headnote, a San Francisco, CA-based provider of electronic payment and accounts receivable software for law firms
  • Spectrio, backed by Bertram Capital Management, acquired Industry Weapon, a Pittsburgh, PA-based provider of digital signage products and software
  • Computer Design and Integration, backed by One Equity Partners, acquired P5 Solutions, a Reston, VA-based provider of ServiceNow consultation and implementation services
  • Vector Capital acquired Patron Technology, a Wexford, PA-based provider of event organization software and services
  • M/C Partners invested in QOS Networks, an Irvine, CA-based provider of managed network services
  • Lightyear Capital established ProfitSolv, a platform to acquire integrated billing, payments, and software services with the acquisition of (i) Rocket Matter, a Boca Raton, FL-based provider of practice management and payments software for the legal industry, (ii) TimeSolv, an Eagan, MN based provider of cloud based software for legal billing and timekeeping, and (iii) ImagineTime, a Rutherfordton, NC based provider of practice management and payments software for the legal industry
  • AHEAD, backed by Berkshire Partners and Centerbridge Partners, acquired (i) RoundTower, a Cincinnati, OH-based provider of technology solutions, and (ii) Kovarus, a San Ramon, CA based provider of technology solutions
  • Cartegraph, backed by Pamlico Capital, acquired SEMS Technologies, a Suwanee, GA-based provider of operations and maintenance management software for utilities and public works
  • Insight Partners and Silversmith Capital Partners invested in Within3, a Lakewood, OH-based provider of communications software for the life science and healthcare industries; Aeris Partners advised on the transaction
  • Microsoft acquired ZeniMax Media, a Rockville, MD-based developer and publisher of interactive entertainment content, from Providence Equity Partners
  • 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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