EveryAction buys Blue State Digital’s BSD tools unit


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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EveryAction, which is backed by Insight Partners, has acquired Blue State Digital‘s BSD tools division. No financial terms were disclosed. Blue State Digital is a digital agency that focuses on causes and brands.

PRESS RELEASE

Washington, D.C., June 24, 2019 – EveryAction, a leading provider of software serving over 15,000 nonprofits, announced today that it has closed its third acquisition in the last six weeks, acquiring the BSD Tools division from Blue State Digital. The acquisition follows EveryAction’s strategy of bringing together the best people and giving them the resources to create the best SaaS products, that provide the most value to nonprofits. EveryAction acquired ActionKit on May 8, and acquired Donor Trends on June 6th.

Clients on the EveryAction and BSD Tools products will benefit in many ways, including by expanding the network effect of each company’s one-click contributions, with an active pool of

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KKR-backed Radiant completes acquisition of stake in Max Healthcare


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Radiant Life Care, which is backed by KKR, has closed its acquisition of a 49.7 percent stake in in Max Healthcare from Life Healthcare. As a result of the transaction, Radiant and Max Healthcare will merge to create the largest hospital network in North India. Max Healthcare is a provider of healthcare services in India.

PRESS RELEASE

NEW DELHI–(BUSINESS WIRE)–Radiant Life Care Private Limited (“Radiant”), a leading Indian hospital management company promoted by Abhay Soi and backed by KKR, has completed the previously announced acquisition of a 49.7% stake in Max Healthcare Institute Limited (“Max Healthcare” or “MHC”) from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council.

Radiant’s stake acquisition is one of several steps that will eventually result in Mr. Soi and KKR together acquiring a controlling stake in Max Healthcare by

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KKR-backed Radiant completes acquisition of stake in Max Healthcare


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




Radiant Life Care, which is backed by KKR, has closed its acquisition of a 49.7 percent stake in in Max Healthcare from Life Healthcare. As a result of the transaction, Radiant and Max Healthcare will merge to create the largest hospital network in North India. Max Healthcare is a provider of healthcare services in India.

PRESS RELEASE

NEW DELHI–(BUSINESS WIRE)–Radiant Life Care Private Limited (“Radiant”), a leading Indian hospital management company promoted by Abhay Soi and backed by KKR, has completed the previously announced acquisition of a 49.7% stake in Max Healthcare Institute Limited (“Max Healthcare” or “MHC”) from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council.

Radiant’s stake acquisition is one of several steps that will eventually result in Mr. Soi and KKR together acquiring a controlling stake in Max Healthcare by

Continue reading “KKR-backed Radiant completes acquisition of stake in Max Healthcare”

PE-backed CityMD and SMG to merge


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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CityMD, an urgent care provider in the New York metro area and Summit Medical Group, a provider of multispecialty medical practices, have agreed to merge. No financial terms were disclosed. CityMD is backed by Warburg Pincus.

PRESS RELEASE

NEW YORK and BERKELEY HEIGHTS, N.J., June 20, 2019 /PRNewswire/ — CityMD, the leading urgent care provider in the New York metro area, and Summit Medical Group (SMG), one of the nation’s premier independent multispecialty medical practices, have entered into a definitive agreement to merge, pending regulatory approvals. The combined organization will offer patients a seamless experience across a full spectrum of high-quality primary, specialty, and urgent care.

The combined company will focus on providing high-quality medical care with exceptional convenience and value. Merging CityMD’s strength in urgent care and Summit Medical Group’s expertise in coordinated, value-based primary and specialty care, will create a uniquely accessible and comprehensive

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GI Partners to recap Insurity


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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GI Partners has agreed to recapitalize Hartford, Connecticut-based Insurity, a software platform for the property and casualty insurance industry. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. Insurity is backed by TA Associates, General Atlantic and Genstar Capital.

PRESS RELEASE

HARTFORD, CT, June 21, 2019 – Insurity, Inc., the leading software platform for the Property & Casualty insurance industry, announced today a definitive agreement for a recapitalization transaction with GI Partners, a leading middle-market alternative asset manager. In partnership with the company’s senior management team, GI Partners plans to accelerate Insurity’s growth as the company aims to expand its leadership in policy administration and related software solutions and leverage GI Partners’ experience in add-on acquisitions to help drive organic and inorganic growth.

Insurity’s current investors are TA Associates, General Atlantic, and Genstar Capital. The transaction is expected to

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Thomson Reuters to buy PE-backed Confirmation


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Thomson Reuters has agreed to acquire Brentwood, Tennessee-based Confirmation, a provider of secure audit confirmation services. No financial terms were disclosed. Confirmation is a portfolio company of Great Hill Partners.

PRESS RELEASE

TORONTO, June 21, 2019 /PRNewswire/ — Thomson Reuters (TSX/NYSE: TRI) today announced that it has signed a definitive agreement to acquire Confirmation, a leading provider of secure audit confirmation services.

Confirmation has a 19-year history of providing digital confirmation services to more than 16,000 audit firms, 4,000 banks and departments and 5,000 law firms across 170 countries. The completion of the acquisition is subject to specified regulatory approvals and customary closing conditions, including the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act. Financial terms of the transaction were not disclosed.

“The Confirmation acquisition will strengthen offerings to our core tax, accounting and audit customers,” said Jim Smith, president and CEO, Thomson Reuters.

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PE-backed Tank Holding acquires Poly-Mart and WRP Containers


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Tank Holding, which is backed by Olympus Partners, has acquired Austin, Texas-based Poly-Mart and WRP Containers, manufacturers of both water tanks and refuse containers. No financial terms were disclosed.

PRESS RELEASE

Tank Holding, North America’s largest polyethylene tank and container manufacturer, has acquired Poly-Mart and WRP Containers, and all the related assets.

Poly Mart and WRP Containers are located in Austin, TX, where they use the rotational molding process to manufacture both water tanks and refuse containers, respectively under the two different brand names. The Poly-Mart product line includes water and rainwater harvesting tank solutions in sizes ranging from 50 to 10,000 gallons, and the WRP Container’s product mix consists of front, rear, and side loading trash dumpsters in sizes varying from 2 to 8 cubic yards.

“Poly-Mart and WRP Containers represent an attractive product line addition to Tank Holding’s broad portfolio of products, which is consistent with

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PE-backed HOP acquires Kosco Heritage Energy


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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HOP Energy LLC, which is backed by Delos Capital and Shorevest Capital, has acquired Kingston, New York-based Kosco Heritage Energy LLC, a distributor of heating oil. No financial terms were disclosed.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–HOP Energy, LLC (“HOP”), the largest privately-owned specialty distributor of heating oil, propane, and other petroleum products, has completed the acquisition of Kosco Heritage Energy, LLC (“KHE”).
“HOP is tremendously excited about this acquisition. KHE will be an excellent platform for future growth with other marketers in the area.”

Founded over 50 years ago and based in Kingston, NY, KHE primarily engages in the distribution of heating oil to 21,000 residential, commercial and HVAC customers along the Hudson Valley.

The combined company will continue to serve its customers with expanded product offerings and service capabilities.

Michael Anton, CEO of HOP, said: “HOP is tremendously excited about this acquisition. KHE will be

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PE-backed eSolutions buys Practice Insight


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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eSolutions Inc, a portfolio company of Francisco Partners, has acquired Practice Insight, a provider of integrated electronic data interchange and revenue cycle management workflow solutions for healthcare providers. No financial terms were disclosed. Harris Williams advised Practice Insight on the transaction. Practice Insight is backed by Eli Global.

PRESS RELEASE

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Practice Insight, LLC (Practice Insight), a portfolio company of Eli Global, on its sale to eSolutions Inc. (eSolutions), a portfolio company of Francisco Partners. Practice Insight is a leading provider of integrated electronic data interchange (EDI) and revenue cycle management (RCM) workflow solutions for healthcare providers. The transaction was led by Sam Hendler, Dan Linsalata and Mike Quealy of Harris Williams’ Technology, Media & Telecom (TMT) Group.

“We’re thrilled to have had the opportunity to partner with Practice Insight on another

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PE-backed Construction Resources acquires United Materials


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Construction Resources, a portfolio company of Monomoy Capital Partners, has acquired United Materials Inc, a Florida-based importer and distributor of surfacing materials. No financial terms were disclosed.

PRESS RELEASE

ATLANTA, June 20, 2019 /PRNewswire/ — Construction Resources LLC, an Atlanta-based design and construction supply company, has acquired United Materials Inc. (UMI), a Florida-based importer and distributor of surfacing materials.

Since its founding in 2002, UMI has grown into one of the largest wholesale suppliers of stone products in the Southeast. Its countertop slab offerings include quartz, natural stone, porcelain and recycled glass, in addition to complementary products including tile and sinks. UMI has a diversified customer base, with more than 1,500 customers and annual revenues in excess of $50 million. UMI has three design centers/distribution facilities located in Naples, Tampa and Boynton Beach, Florida.

Don DiNorcia and his management team at UMI will continue in their current

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Paine-backed FoodChain ID buys Decernis


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.

PRESS RELEASE

DEERFIELD, Ill. and ROCKVILLE, Md., June 19, 2019 /PRNewswire/ — FoodChain ID (“FoodChain ID”), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing technology enabled food safety, quality, and sustainability solutions, today announced that it has acquired Decernis LLC (“Decernis”), a leading provider of technology and content solutions for compliance, safety, and risk management.
Founded in 2003, with global headquarters near Washington, DC, USA, and a European regional office in Kelkheim, Germany, Decernis delivers global compliance and risk management systems and services in the food, consumer products, and chemical sectors. Decernis delivers enterprise solutions that integrate with client processes to give horizon scanning and predictive

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Paine-backed FoodChain ID buys Decernis


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.

PRESS RELEASE

DEERFIELD, Ill. and ROCKVILLE, Md., June 19, 2019 /PRNewswire/ — FoodChain ID (“FoodChain ID”), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing technology enabled food safety, quality, and sustainability solutions, today announced that it has acquired Decernis LLC (“Decernis”), a leading provider of technology and content solutions for compliance, safety, and risk management.
Founded in 2003, with global headquarters near Washington, DC, USA, and a European regional office in Kelkheim, Germany, Decernis delivers global compliance and risk management systems and services in the food, consumer products, and chemical sectors. Decernis delivers enterprise solutions that integrate with client processes to give horizon scanning and predictive

Continue reading “Paine-backed FoodChain ID buys Decernis”

Bain-backed Quest Global buys Dakota Moon Enterprises


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Quest Global said June 20 that it acquired Dakota Moon Enterprises LLC. Financial terms weren’t announced. Dakota Moon, of Henderson, Nevada, provides engineering and supply chain services to the aerospace industry. Quest Global is backed by investors including Bain Capital, GIC and Advent International.

PRESS RELEASE

HENDERSON, Nevada, June 20, 2019 /PRNewswire/ — QuEST Global, a global product engineering and lifecycle services company, acquired Dakota Moon Enterprises LLC, a Nevada based engineering and supply chain services provider to the aerospace industry. The acquisition will enhance capabilities of QuEST Global in providing comprehensive supply chain solutions to OEMs and Tier1 suppliers in engineering essential industries like Aerospace & Defense, Transportation (Automotive and Rail), Power and Industrial, and Oil & Gas. With this acquisition, QuEST Global believes that it will be able to improve the operational efficiency of its customers, which in turn will help them solve the complex challenges faced

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Thoma Bravo-backed Quorum Software acquires Archeio Technologies


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Quorum Software, a portfolio company of Thoma Bravo, has acquired Dallas-based Archeio Technologies, a provider of oil and gas document classification and smart search technology. No financial terms were disclosed.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Dallas-based Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. The acquisition expands and strengthens Quorum’s industry-leading software and services with a cloud-based document management tool built to make oil and gas operations more secure, agile and compliant.

“This is a natural fit into our portfolio and gives us a variety of opportunities to expand how we help our customers. The combination of Archeio and Quorum will increase the efficiency of workflows across our Upstream solutions,” said Gene Austin, chief executive officer

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Invitae buys Singular Bio


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Invitae Inc has acquired San Francisco-based Singular Bio, a developer of novel technology for single molecule analysis of DNA. No financial terms were disclosed. As a result of this transaction, Civilization Ventures is exiting Singular Bio.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–Civilization Ventures is announcing its second portfolio exit in its third year of operations with the acquisition of Singular Bio, a private company developing novel technology for single molecule analysis of DNA, by Invitae, Inc. (NASDAQ: NVTA), a publicly traded company at the forefront of the genomics revolution.

“We are excited to have supported Singular Bio and its visionary founders at a critical stage of their development as they pursued their mission to expand access to high-quality genetic testing through their breakthrough platform,” said Shahram Seyedin-Noor, founder and General Partner of Civilization Ventures. Singular Bio has developed a technology that provides single molecule analysis of a patient’s DNA, giving

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HKW-backed Xirgo buys BCE


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Xirgo, which is backed by HKW, has acquired UAB Baltic Car Equipment, a Lithuanian provider of fleet management solutions. No financial terms were disclosed.

PRESS RELEASE

INDIANAPOLIS, IN- HKW announced this week that portfolio company, Xirgo Technologies, LlLC (“Xirgo”), has acquired UAB Baltic Car Equipment (“BCE”) based in Kaunas, Lithuania.

Founded in 2006, BCE provides a variety of fleet management solutions, including hardware and software suites for light vehicles, trucks, heavy machinery, and agricultural equipment targeting a variety of industries.
Shawn Aleman, CEO of Xirgo, stated, “We are very excited to welcome the BCE team to Xirgo. The joining of our companies will allow Xirgo to establish a European footprint improving our access to Europe, the Middle East, and Africa, enabling our companies to target new customers and better serve our existing clients. BCE’s product offering will also provide select North American customers access to customized end

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Genstar-backed Mercer Advisors buys JFM


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Mercer Global Advisors Inc, which is backed by Genstar Capital, has acquired Costa Mesa, California-based Jackson Financial Management Inc, a wealth management firm. No financial terms were disclosed.

PRESS RELEASE

DENVER, June 19, 2019 – Mercer Global Advisors Inc. (“Mercer Advisors”), a national Registered Investment Advisor (RIA), today announced the acquisition of Jackson Financial Management, Inc. (JFM), a large wealth management firm located in Costa Mesa, California, serving high net worth households throughout the United States with assets under management (AUM) of approximately $510 million.

The addition of JFM augments Mercer Advisors’ existing strong presence in Southern California with offices in Santa Barbara, San Diego, Los Angeles, and Newport Beach. Combined with JFM these five offices have a combined AUM of nearly $4B. The JFM acquisition brings Mercer’s total offices to 41, and increases Mercer’s AUM to over $16 billion.
JFM was founded in 1995 by Tracy

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