business products and services deals for april...
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Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
24 Hour Vending Provider of vending, micro-market and office coffee
services in the United States. The company engages in
offering and installing of coffee vending machines,
enabling small and medium-sized businesses, blue-chip
corporations, colleges, universities, business and
industrial sites, hospitals and medical centers to get
over traditional vending and replace it with on-site
corporate cafés as per their requirements.
The company was acquired by Continental Services, via its
financial sponsors New Heritage Capital and Rock Island
Capital, through an LBO on April 12, 2018 for an undisclosed
sum. The acquisition enables Continental Services to expand
its geographical footprint in the Michigan area.
American Nuts Processor and supplier of nuts and dried fruits. The
company processes, roasts and supplies nuts, seeds,
and dried fruit to the bulk retail, portion control retail,
and the industrial and foodservice ingredient markets.
The company was acquired by Gauge Capital and Capital
Southwest through an LBO on April 17, 2018 for an
undisclosed sum. The company was recapitalized with the
funding.
AmPorts Provider of global automotive processing services
intended to leverage port and terminal infrastructure,
creating capacity, value and supply chain solutions for
finished vehicles and bulk commodities. The company's
automotive services and port terminal operator
platform offers processing services to its import and
export customers, real time vehicle tracking, state-of -
the-art technology, custom software, and back up
technology, enabling customers get access to seamless
logistical and portside services in vehicle processing,
including rail loading and unloading, inspection, storage,
accessory installations and customizations, repairs and
regulatory homologation services.
The company was acquired by InstarAGF Asset Management
through an SBO for an undisclosed amount on April 03, 2018.
Atlanta West Carpets Designer and installer of home furnishings. The
company specializes in designing and installing flooring
products, cabinets, and countertops for single family
and multi-family builders and homeowners throughout
Georgia and adjacent states.
The company was acquired by Artisan Design Group, via its
financial sponsor Dunes Point Capital, through an LBO on April
4, 2018 for an undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
CHA Consulting Provider of design, engineering and consulting services
to customers across a variety of end markets including
utility infrastructure, energy, industrial, transportation,
environmental, facilities, water, sports and aviation. The
company offers planning and design services in the
areas of industrial, power supply and distribution,
communications infrastructure, structural, electrical,
mechanical, environmental, geo-technical, civil,
aviation, rail, traffic/transportation engineering,
landscape architecture, land use planning, surveying,
wetland delineation and construction engineering,
enabling enterprises to complete projects on time and
within budget.
The company was acquired by First Reserve through an SBO
for an undisclosed amount on April 10, 2018.
Coin Acceptors (Currency and
Cashless Product lines)
Developer of currency and cashless vending solutions
designed to provide multiple payment options to
merchants and consumers. The company's vending
solutions allows payment acceptance in cash, credit,
debit, coupons, mobile wallets, and campus cards along
with offering advanced self-diagnostics, six self-
replenishing tubes, easier coin loading, and field
programmable tokens, providing merchants and
consumers multiple ways to pay/accept money at an
affordable cost.
The company, a subsidiary of Coin Acceptors, was acquired by
SuzoHapp Group, via its financial sponsors Pfingsten Partners,
ACON Investments, and JZ Capital Partners, through an LBO
on April 10, 2018 for an undisclosed sum. This acquisition
enhances commercial, engineering and operational
capabilities and significantly expands the acquirer's product
portfolio.
Collier Park A 159 unit senior living community in Beaumont, Texas.
The senior living facility provides all the conveniences
and amenities of retirement living while helping
residents stay connected to the surrounding
communities.
The senior living facility was acquired by Grace Management,
via its financial sponsor Chicago Pacific Founders, through an
LBO on April 5, 2018 for an undisclosed sum.
Columbia Partners (certain
assets)
A portfolio of certain institutional clients assets under
management. The portfolio comprises of accounts of a
specific number of clients, the estimated value of which
is approximately $1.06 billion.
Columbia Partners Private Capital divested a portfolio of
certain assets to Chartwell Investments on April 6, 2018 for an
undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Conquest Firespray Manufacturer of fire-rated architectural and engineered
duct systems. The company fabricates, produces and
markets rectangular and spiral duct systems for wide
range of buildings from automotive plants to mega
malls to laboratories, hospitals and university projects
and provides pre-construction conceptual and guidance
planning services, enabling contractors, engineers and
architects to procure fully integrated product offering
from estimating through detailing, to manufacturing
and delivery.
The company received an undisclosed sum of development
capital from Pacific Growth Investors on April 11, 2018. The
funding enables the company to fuel its growth and year-over-
year gains in sales.
Consilio Provider of e-discovery software and services. The
company's software and services are provided to law
firms and corporations, enabling them to get access to
innovative software and cost-effective, end-to-end
litigation support regarding data collection, computer
forensics, expert testimony, multi-lingual and on-site
data processing, hosting and document review.
The company was by GI Partners through an SBO on April 17,
2018 for an undisclosed sum. SunTrust Robinson Humphrey,
Jefferies Group, The Goldman Sachs Group and Kohlberg
Kravis Roberts provided $50 million revolving credit line, $415
million of senior secured first lien term loan and $150 million
senior secured second lien term loan to support the
acquisition.
Dealer Spike Operator of a software-as-service digital advertising and
marketing company focused on helping motorsports
dealers in North America drive more traffic to the
showroom, phone and internet for less cost. The
company's innovative, powerful, distinctive web tools
help dealers in multiple vertical markets including
powersports, RV, trailer, marine, truck, agricultural
equipment, heavy equipment and auto dealership sales
increase online leads and sales through digital
advertising and training.
The company was acquired by True Wind Capital through an
SBO for an undisclosed amount on April 13, 2018.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Dealers Transmission Exchange Provider of powertrain and transmission repair and
maintenance services to the energy and mining
industries. The company incorporates advanced
proprietary technologies that ensure optimal
performance and extended life cycle, enabling mining,
oil, gas, metals and wind generation industries to
maximize equipment performance, minimize
unexpected downtime and reduce maintenance cost.
The company received an undisclosed amount of
development capital from Platte River Equity on April 25,
2018. The investment will be used for the growth of the
company's repair capabilities and service offering.
Embassy Management Provider of high quality management services for group
of companies. The company offers exceptional support
and leadership for all quality businesses, such as
accounting, payroll, information technology, human
resources, quality assurance, training and strategic
leadership.
The company received an undisclosed amount of
development capital from Bregal Partners on April 19, 2018.
The company is recapitalized as a result of the transaction.
Twin Brook Capital Partners provided $50.0 million of loan
financing.
Environmental Data Resources Developer of a comprehensive database intended to
maintain environmental records and land use
information from thousands of federal, state, tribal,
local and private sources. The company's database is
used for property due-diligence and risk management
services, enabling the clients including environmental
consultants and engineers, appraisers, and lenders to
manage real estate due diligence processes efficiently
and effectively.
The company was acquired by Battery Ventures and Silver
Lake Management through a $205 million LBO on April 05,
2018. The investment will enable the company to accelerate
growth, including in the state-of-the-art Collateral360 SaaS
platform and extend its reputation as a leader in real estate
data and software with a developing range of products and
services.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Envision Discovery Provider of managed electronic discovery services for
law firms, corporate counsel and government agencies.
The company provides designs and deploys systems
that find all relevant and responsive data in vast
volumes of electronically stored information while
maintaining its accuracy, timeliness and defensibility
using its experience, expertise and the latest
technology, enabling legal teams to control costs,
mitigate risks and execute their discovery requirements
in a transparent and defensible manner.
The company was acquired by HaystackID , via its financial
sponsors Knox Capital, ORIX Mezzanine & Private Equity and
Maranon Capital through an LBO on April 24, 2018, for an
undisclosed sum. The acquisition enables HaystackID to
streamline the delivery of critical services that help law firms
and corporations achieve quality outcomes in investigations
and litigation at a fair and predictable price.
Fenix Parts Provider of automobile equipment recycling services.
The company's automobile equipment recycling
services include repair, replacement and resale of used
and spare parts, enabling its clients to get a wide range
of automotive parts.
The company (OTC: FENX) was acquired by Stellex Capital
Management, Bill Stevens, Paul Delaney, Stoney Rutledge,
Dixon Thayer, Ron Sturgeon and Brian Nerney through a
public-to-private LBO on April 18, 2018 for an undisclosed
sum. As part of the transaction, Late Model will become a part
of Fenix.
Fire Guard Provider and distributor of fire protection products and
services intended to defend building and offices against
any potential devastation. The company's team of
certified professionals provide consulting, sprinkler
designing, fabrication, maintenance, inspections, and
installation of wet and dry fire sprinkler systems,
enabling both residential and commercial customers to
attain quality services at fair prices.
The company was acquired by Gutridge Plumbing, via its
financial sponsor Kassel Equity Group, through an LBO on April
20, 2018 for an undisclosed sum. This acquisition will increase
the acquirer's bandwidth within residential and commercial
fire protection markets.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Fralock Designer and manufacturer of specialty components
and sub-assemblies. The company utilizes advanced
manufacturing tools and proprietary materials and
provides design, rapid prototyping, manufacturing
capabilities which include adhesiveless lamination, laser
cutting, CNC, rotary die cutting, slitting, lamination and
automated placement services to client companies in
the semiconductor equipment, life science, aerospace,
and satellite industries.
The company was acquired by Arsenal Capital Partners
through an LBO on April 17, 2018 for an undisclosed amount.
GenServe Provider of repair and maintenance services for
industrial generators. The company offers scheduled
and emergency services including installation and load
bank testing for power supply system to commercial
customers, enabling them to protect themselves against
high-cost of power failure.
The company was acquired by GenNx360 Capital Partners
through an LBO on April 16, 2018 for an undisclosed sum.
Geokinetics (US multi-client
data library)
A portfolio of multi-client data library. The data library is
based in the United States.
The US multi-client data library of Geokinetics, was acquired
by FairfieldNodal, via its financial sponsor Fairfield-Maxwell,
through an LBO on April 17, 2018 for an undisclosed sum. The
acquisition of the Geokinetics U.S. multi-client data library will
triples FairfieldNoda's North American multi-client library
coverage from 3,532 square miles in the Permian Basin to
10,460 square miles in key U.S. basins, including Appalachian
and Powder River basins. FairfieldNodal's extensive US land
library, will enhance its value proposition and provide the
ability to capitalize on the strong synergies with their current
Data Licensing business segment.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Gladson Holdings Provider of consumer product content management
services. The company combines a large database of
consumer product images and information with high
impact category management and store optimization
services, enabling consumer packaged goods
manufacturers, retailers, wholesalers, distributor and
electronic commerce and related business services to
maximize sales and operational efficiency.
The company received $131 million of development capital
from The Wicks Group of Companies on April 19, 2018. As a
part of this transaction the company received $131 million in
the form of debt from Twin Brook Capital Partners and other
undisclosed lenders. The company was recapitalized as part of
the transaction.
HaystackID Provider of end-to-end eDiscovery and forensics
services intended to offer low-cost predictability
options that allow accurate budgeting and forecasting
of client's discovery expenses without the additional
cost of software, hardware or implementation fees. The
company provides forensic services including forensic
analysis, data processing and preservation services
which are technology-driven and coupled with
extensive legal expertise, enabling corporations and law
firms to lower the overall spend of litigation services
and minimize risk while improving operational
efficiency, data governance and financial control thus
lowering the additional cost of software, hardware or
implementation fees.
The company received an undisclosed amount of
development capital from Knox Capital, Maranon Capital,
ORIX Mezzanine & Private Equity and the management on
April 24, 2018. The funding creates Haystack Holdings that will
be used for the acquisition of Inspired Review and Envision
Discovery.
Medbridge (Education) Provider of a education platform focused on patient
outcomes. The company provides a platform which
offers evidence-based clinical and professional
education and home rehabilitation programming for
medical and other health professionals.
The company received an undisclosed amount of
development capital from LLR Partners on April 3, 2018. The
company intends to use the funds to grow in existing markets
as well as expand into new healthcare verticals.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Meridian Waste (Solid Waste
Business)
Provider of waste management services. The company
offers integrated, non-hazardous solid waste collection,
disposal, and recycling services.
The solid waste business of Meridian Waste Solutions (NAS:
MRDN) was acquired by Warren Equity Partners through a $3
million LBO on April 23, 2018. The transaction included
approximately $87 million in debt assumption.
Metro Vending Services Distributor and provider of vending machine sales &
services intended to provide healthy and locally
branded items to its customers. The company provides
healthy, nutritional, fresh and branded products in a
state of the art equipment along with required reports
and commissions in a timely fashion coupled with 24/7
services, enabling businesses and offices to get the
quality vending machine services at an affordable cost.
The company was acquired by Continental Services, via its
financial sponsors New Heritage Capital and Rock Island
Capital, through an LBO on April 12, 2018 for an undisclosed
sum. Through this acquisition, the acquirer aims to acquire the
company's innovation & technology and geographically
expand its services.
Microgrid & District Energy
System
An electric power generation facility operator based in
Boston. The asset produces 99 megawatt of electricity,
1,100,000 lbs/hr of steam and 42,000 tons of chilled
water which are integral to the day to day operation of
hospitals in the area.
Microgrid & District Energy System was acquired by Axium
Infrastructure and ENGIE North America through an LBO on
April 3, 2018.
Morgridge Institute for
Research (Manufacturing
Facility)
A drug manufacturing facility in Madison. The asset is a
37,000 square foot multi-product facility which is used
for the manufacturing of final drug products. It includes
a high speed, automated aseptic fill line and a 144-
square foot lyophilizer with existing space for additional
equipment and the ability to expand to over 100,000
square feet of production space over time.
The facility was acquired by Lyophilization Services of New
England, via its financial sponsor Permira through an LBO on
April 24, 2018 for an undisclosed sum. The facility will
complement Lyophilization Services' existing full-service
parenteral manufacturing capabilities, which include vial
filling, lyophilization, process development, QC analytical,
secondary packaging, stability studies and regulatory support
for clinical and commercial products at its three other FDA-
inspected manufacturing sites. It will also increase its
capabilities to include the terminal sterilization of final
product and additional quality control services.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Motion Recruitment Partners Provider of recruitment services. The company offers
permanent and contractor placement of IT
professionals under the brand names Jobspring Partners
and Workbridge Associates, as well as Recruitment
Process Outsourcing services under the brand name
Seven Step RPO. It operates out of 20 offices in 9 cities
in the United States.
The company was acquired by Littlejohn & Company and its
management through an SBO for an undisclosed amount on
April 30, 2018.
Nasdaq (Public Relations
Solutions & Digital Media
Services)
Provider of public relations and digital media services.
The company offers a global press release distribution
platform and media contacts database with analytics,
web hosting services purpose-built for investor relations
and external communications functions, multimedia
services that publish webcasts, webinars, video
presentations and other content, media monitoring and
analyst-curated daily news reporting services and
services to identify and connect with relevant
journalists and social media profiles.
The public relations and digital media businesses of NASDAQ
(NAS: NDAQ), was acquired by West, via its financial sponsor
Apollo Global Management, through a $335 million LBO on
April 16, 2018. Transaction financing was provided by Credit
Suisse, RBC Capital Markets, Barclays, Bank of America Merrill
Lynch, Citigroup, Deutsche Bank and Goldman Sachs. Nasdaq
expects to use the proceeds from the sale for share
repurchases.
Noble Energy (Gulf of Mexico
assets)
A portfolio of oil and gas assets in the Gulf of Mexico. Fieldwood Energy acquired the Gulf of Mexico asset portfolio
of Noble Energy (NYS: NBL), via its financial sponsors ACE &
Company, Riverstone Holdings and Canada Pension Plan
Investment Board, through $580 million LBO on April 12,
2018. The consideration will consist of $48 million in cash, the
assumption of $230 million in liabilities and up to $100 million
in profit-related payments.
Oklahoma Western Telephone
(Telecommunications Tower)
A telecommunication tower in Clayton, Oklahoma. The telecommunication tower of Oklahoma Western
Telephone was acquired by Vertical Bridge, via its financial
sponsors Brookside Equity Partners, Goldman Sachs Merchant
Banking Division, Stonepeak Infrastructure Partners, The
Edgewater Funds and The Jordan Company, through an LBO
on April 3, 2018 for an undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Origin Americas Provider of recycling services of motor oil and
lubricants. The company's services include collecting
and refining used petroleum products and distributing
them, leasing liquid and dry bulk storage, providing
corporate clients oil for reuse by reducing the amount
of waste oil that is discarded rather than salvaged.
The company received $100 million of development capital
from Orion Energy Partners on April 4, 2018. The company
also received equity funding from a group of experienced
energy investment and commodities trading veterans.
Origin Americas (Baltimore
Assets)
Portfolio of terminal, processing, and storage assets
located in Baltimore, Maryland.
The terminal, processing, and storage assets in Baltimore
were acquired by Origin Americas, via its financial sponsor
Orion Energy Partners, through an LBO on April 4, 2018 for an
undisclosed sum.
Parker Hannifin (Global Facet
Filtration Business)
Operator of a global facet filtration business. The
business includes the United States qualified aviation
ground fuel filtration business, filtration products and
technologies for other aviation fuel, marine,
environmental and general applications.
The Global Facet Filtration Business of Parker Hannifin (NYSE:
PH) was acquired by Filtration Group, via its financial sponsors
Madison Industries and PNC Erieview Capital, through an LBO
on April 30, 2018 for an undisclosed sum. The divestiture
includes the global Facet filtration business locations in
Stilwell and Tulsa, Oklahoma; Paris, France; La Coruña, Spain;
Torino, Italy; Pontypridd, UK; and Almere, the Netherlands; as
well as an aviation fuel filtration testing lab in Greensboro,
North Carolina.
Parkrose Estates A retirement community in the Liverpool, New York.
The property is a 100-unit independent living
community in the Syracuse suburb of Liverpool which
includes accommodations, dining rooms, lounges,
library, pantry, theater and laundry rooms providing
quality independent living amenities and programming
and will continue its full spectrum of services to its
residents.
The asset was acquired by Grace Management, via its financial
sponsor Chicago Pacific Founders, through an LBO on April 17,
2018, for an undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Pepperjam (Multi-Channel
Agency Business Unit)
Provider of multi-channel marketing services. The unit
designs and develops marketing and branding content
for multiple channels, using advanced technology tools,
enabling clients to reach customers, improve
performance and scale programs.
The Multi-Channel Agency Business Unit of Pepperjam was
acquired by Gen3 Marketing, via its financial sponsor LaSalle
Capital through an LBO on April 24, 2018, for an undisclosed
sum. The acquisition strengthens Gen3's presence in the
digital marketing areas of search engine optimization (SEO),
pay-per-click (PPC), social media and display advertising, while
it enables Pepperjam to focus exclusively on its core affiliate
marketing technology platform and services business.
Ply Gem Industries Manufacturer of a comprehensive product line of
windows and patio doors. The company offers vinyl and
aluminum siding and accessories, designer accents,
cellular PVC trim and mouldings, vinyl fencing and
railing, stone veneer, roofing and gutterware products,
enabling the customers to use in new construction as
well as for home repair and remodeling purposes.
The company was acquired by Clayton, Dubilier & Rice
through a $2.4 billion public-to-private LBO on April 12, 2018.
Professional Pipe Provider of contractual piping services. The company
designs and installs process piping to manufacturing
facilities, including large poultry processors.
The company was acquired by KJM Capital through an LBO on
April 12, 2018 for an undisclosed sum. The company was
recapitalized with the funding.
Prolube Distributor of lubricants in the Northern Philadelphia
market. The company distributes an extensive product
offering of lubricant, enabling automotive enterprises to
access high-quality services.
The company was acquired by PetroChoice Holdings, via its
financial sponsor Golden Gate Capital, through an LBO on
April 6, 2018 for an undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Quest Solutions Provider of software tools and related services to
insurance and fleet companies. The company provides
Emergency Roadside Services (ERS), glass management
and claims reporting through its nationwide network of
over 40,000 tow providers and glass repair network. ts
proprietary software platform efficiently processes
claims with transparency and up to the minute visibility.
The company was acquired by WILsquare Capital through an
LBO on April 3, 2018 for an undisclosed sum.
Reputation.com Provider of an online reputation management platform
designed to offer online reputation and digital privacy
services to individuals and businesses. The company's
platform helps users to capture and enlist the voice of
the customer, to drive better business performance and
deliver exceptional customer service, enabling location-
based organizations to earn better star ratings and
reviews across the social web.
The company was acquired by The Stagwell Group through an
LBO on April 5, 2018 for an undisclosed sum.
ReSource Pro Provider of business process management and
outsourcing services. The company helps insurance
organizations to serve clients, develop new products
and align business operations by providing them
insurance analytics overview and exclusive insight
datasheet.
The company was acquired by DFW Capital Partners through
an LBO on April 17, 2018 for an undisclosed sum. PineBridge
Investments and Madison Capital provided an undisclosed
amount of debt financing to support the deal.
Seakeeper Developer of marine stabilization gyroscopic
equipment. The company's motion control, vacuum
technology enabled gyrostabilizer spins at a speed of up
to 9,700 rpm, producing a powerful gyroscopic torque
to counteract boat roll, enabling customers to eliminate
boat roll and thereby reduce the onset of sea sickness.
The company was acquired by Madison Industries through an
LBO on April 5 2018 for an undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
SPM Marketing &
Communications
Provider of consulting and marketing communication
services intended for healthcare industries. The
company's marketing and advertising services include
branding, creative services, content marketing, digital,
media planning and consumer insights, enabling
hospitals, healthcare systems and healthcare industries
to create healthcare marketing communications that
stand out in the marketplace.
The company was acquired by Corridor Capital and its
management through an LBO on April 2, 2018. TCF Capital
Funding provided senior credit facility to support the
transaction.
SubSea Global Solutions Provider of underwater vessel maintenance, inspection
and repair services to vessel owners and operators
within diversified marine transportation and
construction sectors. The company's services include
hull and propeller fleet management, underwater wet
welding, seal replacement, tunnel thruster repair,
azimuth thruster repair, environmental hull cleaning
and routine hull maintenance services to drive fuel
efficiencies and highly technical repair solutions
allowing vessel operators to reduce dry-docking costs,
while keeping the vessel in service.
The company was acquired by GenNx360 Capital Partners
through an LBO for an undisclosed amount on April 03, 2018.
Sun Country Airlines Provider of airlines services. The company operates
scheduled, domestic cargo and charter flights to
destinations in the United States, Mexico, Caribbean,
Africa, Middle East, Canada, Europe and Russia by
specializes in flying from cold weather locales to warm
weather destinations and currently flies approximately
2.5 million passengers per year by enjoying significant
brand presence in the Minnesota region and greatly
values its connection to the local community.
The company was acquired by Apollo Global Management
through an LBO on April 15, 2018 for an undisclosed sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Tax Guard Provider of tax compliance monitoring software and
services. The company uses its proprietary process to
provide due diligence and tax monitoring services to
factors and other asset-based lenders, enabling them to
expose credit risk in real-time before it becomes public
information.
The company was acquired by Falfurrias Capital Partners and
its management through an LBO on April 17, 2018 for an
undisclosed sum.
The Willows of Easley A 100-unit senior living community in Easley, South
Carolina. The Willows of Easley is an independent and
assisted living community that provides quality care,
vibrant environment and fulfillment to its residents.
The Willows of Easley was acquired by Grace Management,
via its financial sponsor Chicago Pacific Founders, through a
$14.5 million LBO on April 2, 2018 for an undisclosed amount.
The investment will serve to enhance the quality of life for all
stakeholders - including residents, families, associates and
prospective residents across the region.
TMP Worldwide Advertising &
Communications
Provider of talent acquisition technologies. The
company offers talent acquisition technologies,
committed to finding new ways to leverage software,
strategy and creative to build talent and enhance
clients' employer brands - across every connection
point. It serves healthcare, government and military,
finance and professional services, transportation and
logistics, technology, aerospace and defense,
biotechnology and pharmaceutical, retail and services,
hospitality and entertainment and utilities, gas, electric
and oil industries. Its array of services include
interactive, return on investment, retention programs,
creative, brand realization and market insight, media
planning, account management and global solutions.
The company was acquired by Gemspring Capital, Michelle
Abbey and other undisclosed members from the management
team through an LBO on April 23, 2018, for an undisclosed
sum.
Business Products and Services Deals for April 2018
Company Name Description Deal Synopsis
Ward County (22,617 net
acres)
Portfolio of oil and gas properties in Ward County,
Texas. The assets include 10,524 net acres in central
and western Ward County, 7,680 net acres on the
eastern side and 4,413 net acres contiguous, to the
existing Monument Draw area with current production
of 1,325 barrels of oil equivalent per day (BOE/d) which
equates to a purchase price of about $14,674/acre.
Halcon Resources (NYSE: HK) acquired 10,524 net acres in
Ward County, via its financial sponsor EnCap Investments,
through a $381 million LBO on April 5, 2018. The acquisition is
comprised of 10,524 net acres in central and western Ward
County contiguous, to the existing Monument Draw area.
watchLAB San Francisco Provider of qualitative market research services. The
company engages in conducting market research using
data analytics and transcription as well as offers
recruitment, facility rental, hosting services and project
management with the help of a team of a team of
trained professionals, enabling clients to actionable and
authentic insights tailored as per their needs.
The company was acquired by Focus Pointe Global, via its
financial sponsor MVC Capital, through an LBO on April 12,
2018 for an undisclosed sum. The addition of watchLAB's
respondent panel to FPG's QualPanel provides a deeper
source of qualified participants for Bay area research studies.