Tombstones are representative of transactions completed by IndustryPro Capital principals and M&A brokers.
Greenwood Village, CO – Aspen Global Solutions is pleased to announce the acquisition of RPM Medical Billing. With this transaction, Aspen Global offers a full suite of revenue cycle management services, expands its footprint nationwide, and expands the medical specialties they serve.
RPM Medical Billing is a full-service medical billing provider serving several specialties. They operate as an extension of their clients, ensuring they are on the same team with common goals.
Aspen Global Solutions provides comprehensive coding, OASIS, and documentation review to ensure optimal reimbursement, star rating improvement, and compliance at an industry-leading price.
Most gratifying for me is that we found a passionate and successful team to welcome into our Aspen family. Our values and mission align closely and I look forward to working together to serve physicians, facilities and healthcare agencies in the many years to come.
—Josh Ostler, CEO, Aspen
SERPS, managed by Mike Ciaglia, is a software platform for brands and agencies that allows firms to effectively and accurately monitor, test, measure and prove SEO strategies to their customer base.
ASG (www.alpinesg.com) is a group of market-leading vertical SaaS companies, backed by Alpine Investors and operated by world-class PeopleFirst™ leaders. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future.
To see the full press release, please click here.
FCS (www.firecontrolsystems.biz) specializes in testing, inspections, service, and sales of portable fire extinguishers, alarm systems, restaurant fire suppression systems, and exit and emergency lighting fixtures. FCS services thousands of locations across the eastern half of the United States.
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses. They have acquired more than 100 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products sectors and have managed more than $2.6 billion since being founded in 2000. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions.
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Cyfe, led by CEO Ben Carpel, is an all-in-one online performance dashboard that helps marketers easily monitor and analyze vital enterprise data in one place.
ASG (www.alpinesg.com) is a group of market-leading vertical SaaS companies, backed by Alpine Investors and operated by world-class PeopleFirst™ leaders. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future.
To see full press release, click here.
"Expertise, empathy, commitment and great communication. The IndustryPro team has all of this, making for a smooth and trusted M&A process. Would not hesitate to work with them again, and I would highly recommend them to anyone curious about their services. 10/10 work and a fantastic team."
—Ben Carpel, Owner of Cyfe
Marmic (www.marmicfire.com) is a leading commercial fire and life safety platform in the midwestern United States. The Company provides recurring inspection, test, and maintenance services conforming to OSHA mandates, government codes, and NFPA standards. Marmic also offers sales, installation and repair of a large selection of fire safety products and fire suppression and security systems.
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses. They have acquired more than 100 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products sectors and have managed more than $2.6 billion since being founded in 2000. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions.
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Founded in 2010, Panoramic Doors is a rapidly growing company with an innovative, patented product, that is in the early phases of a national expansion. The Company designs, manufacturers, and distributes highly unique patio door and window systems internationally.
Tower Arch Capital is a lower-middle market private equity fund. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million.
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Grade.us is a powerful and effective review management platform that enables businesses to create a review funnel process that is easy and efficient. The system automates various tasks, including inquiring, requesting, and guiding customers through complete reviews. Grade.us not only helps businesses in finding positive customer experiences, but also provides them with a platform to engage unhappy customers and address their concerns and issues long before they vent their frustrations and disappointment online.
Alpine SG is a group of leading software companies operated by world-class leadership teams. Alpine SG specializes in partnering with founders in best in class software companies in the middle market. Alpine SG is backed by Alpine Investors, a San Francisco based private equity firm.
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For twenty years iSIGMA has provided advanced SaaS solutions to meet the most demanding challenges that utilities and energy resellers face in service of their customers. Since 1997, iSIGMA has been providing a powerful, fully integrated web-based Customer Care and Billing solution with impressive functionality and flexibility to Retail Energy Providers, TDSPs, Investor Owned Utilities, Energy Aggregators, Co-ops and Municipals in the regulated and deregulated markets. iSIGMA, based in Atlanta, Georgia, continues to provide innovative flexible solutions to accommodate the most demanding customer care and billing challenges across all deregulated US markets.
Energy Services Group (ESG) is the retail energy industry’s leading provider of SaaS-based transaction management (EDI), billing and CIS, wholesale energy management, and sales and pricing solutions. Offering the industry’s only end-to end business process solution, ESG provides comprehensive and proven support for the unique business process needs of start-up retail suppliers, established global suppliers of natural gas and electricity – and to everyone in between.
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CERTON was founded to provide expert DO-178 and DO-254 Validation and Verification (V&V) services under a business model that promotes efficiency and accountability.
Cyient Inc. (formerly Infotech Enterprises) is focused on engineering, manufacturing, data analytics, and networks & operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad, India. Infotech Enterprises rebranded as Cyient in 2014. It had 15,000+ employees across 21 global locations as of March 2018. The company featured among the top 30 outsourcing companies in the world as of 2018.
Minute Menu Systems (minutemenu.com) provides software solutions to meet the business management and Food Program needs of all aspects of the childcare community. Over 100,000 family- and center-based childcare providers use Minute Menu products each month to track and report Child and Adult Care Food Program reimbursement data to sponsors and state agencies. Currently, Minute Menu has nearly 600 sponsors in over 48 states using the Minute Menu HX software to facilitate monthly family provider claims, and more than 6,000 childcare centers using Minute Menu CX. Minute Menu also offers KidKare, an affordable SaaS-based childcare management solution that is specifically designed for family childcare providers.
Alpine Investors is a values-driven private equity firm with a mission to build enduring companies by working with, learning from and developing exceptional people. Alpine specializes in middle-market companies in the software, online and business services industries.
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Computer Aided Technology, LLC. (CATI) has worked with thousands of companies in the Midwest, since 1992, to help rapidly implement product development solutions. The primary driver behind building the company has been to offer not only the best technology, but also industry-experienced support, implementation and training to every customer.
Mangrove Equity Partners, LP is a Tampa, Florida-based lower middle market private equity firm. Mangrove has 100+ years collective experience in partnering with business owners and managers. Mangrove sponsors owners and operators in management buy-outs, management buy-ins, majority recapitalizations, family succession recaps, and industry consolidations.
ERS, a Utah based company, achieved an impressive portfolio of credentials including, R2:2013, ISO: 9001, ISO: 14001, OHSAS: 18001 and Microsoft Registered Refurbisher. ERS fostered professional relationships with partners to create personalized solutions that met their asset management and electronic recycling needs. ERS also developed an innovative and profitable approach for sorting and processing residential material streams.
B&K Technology Solutions dba Advanced Technology Recycling was founded in 1992 by the Ehresman family and continues to be family owned and operated. The company is a member of NAID, ISO14001, R2, and OHSAS 18001 certified, a GSA US Government Schedule Contractor and is a registered ITAR (International Traffic in Arms Regulation) supplier for the US Military.
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SouthData is a national, full-service document management provider specializing in electronic and paper based billing; high quality variable printing; distribution and mail services; electronic and film based storage; and IT support services. SouthData uses technology and talent to manufacture billing and imaging products for clients throughout the United States in a wide range of markets. The Imaging Division of SouthData, Inc. provides companies and organizations with Document Services for scanning, indexing, storing and retrieving important records. The company’s Networking Division provides expert installation, maintenance and management of client computer systems.
OSG is a business technology partner providing integrated multi-channel print and electronic solutions through a state-of-the-art processing environment. OSG offers comprehensive and flexible solutions including electronic billing and invoice/statement services, document printing and mailing and a suite of forward-thinking marketing campaigns. Progressive communication technologies enable OSG’s clients to transform their customer interactions to drive revenue, reduce costs and strengthen relationships.
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CDA is a network of nine dental practices across South Carolina. The company provides comprehensive general, specialty and cosmetic dental care to patients.
Source Capital, LLC is a private equity firm founded in 2002 which makes both control equity investments and debt investments in mature, lower middle-market U.S. companies across a range of industries. Source Capital’s investment strategy targets healthy growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Source Capital has completed acquisitions and invested across a broad selection of industries including: business services, light manufacturing, consumer products & services, healthcare, and value-added distribution. Source Capital is headquartered in Atlanta, Georgia.
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"IndustryPro is a trustworthy and professional group. They helped me understand the sale process and kept it running smoothly - even when complex issues threatened to derail the deal. These guys know what they're doing, and I have already started recommending friends use their service."
—Jim Nasim, Owner/Founder of Carolina Dental Alliance
The Nexus Pain Center in Columbus, Georgia, is a preeminent pain clinic providing their patients with innovative medical solutions and cutting-edge technologies. They offer spinal-focused interventional pain management using the Boston Scientific Spinal Cord Stimulator and Stryker Radiofrequency tools, as well as nonsurgical options for pain and nonopioid medical therapies for those over the age of 18.
Metalfit is one of the most versatile ductile iron AWWA fittings producer in North America and also a leading Mexican producer of custom engineered castings and fully machined casting components. Ductile Iron castings in sizes ranging from 100 to 5,000 pounds net represent approximately 95% of their casting volume.
Wynnchurch has been investing in middle-market companies—many of which were in highly complex, challenging situations—for more than two decades. During that time, they have consistently demonstrated the ability to close transactions quickly and according to plan. They look to partner with market leaders with defensible positions and strong customer relationships and seek businesses whose core strengths and opportunities align with their expertise and experience.
The Spanish Fork-based business operates 10 retail centers in Utah and Idaho under the Roberts Arts & Crafts name. The company employs roughly 800 people statewide and is a wholesale creator, designer and supplier of scrapbooking supplies, home decor and general craft items to national and international outlets.
Sorenson Capital is a U.S.-Based, growth-focused investment firm with more than $1 billion in capital under management. Comprised of seasoned entrepreneurs, industry executives, and investment veterans, Sorenson Capital is prepared to meet the complex growth needs of your business.
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Provider of consulting services for aviation, financial, government, telecommunication, transportation and other industries. The company offers land management, disaster, and emergency management, site acquisition and development, environmental and regulatory permitting, helping private and public project owners to comply with federal, state and local laws.
The Graylight Partners team brings an extensive background with small to mid-sized companies. They have focused our careers on investments within this size range, completing transactions and partnering with numerous companies over the past 15 years. It is through these experiences that we have developed a first – hand appreciation for the unique challenges and opportunities that exist, as well as the experience to help management teams achieve their goals.
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"Thank you for your help in assisting with ProSource Technologies’ future growth plans. I hadn’t considered seriously selling my company until IndustryPro contacted me. Within 30 days we were talking to very qualified buyers. Soon thereafter, IndustryPro obtained multiple strong offers for our business. After much thought we joined up with a very compatible buyer. I am extremely impressed with IndustryPro’s professionalism. I recommend IndustryPro."
—Gregory A. Wheeler, CEO and General Counsel of ProSource Technologies
Percheron LLC is a land services company, offering specialized expertise in land, right of way, surveying and environmental services.
Hudson Ferry Capital is a private equity firm that seeks control investments in established mid-sized US based businesses with experienced management, high barriers to entry, and differentiated products/services. Hudson targets companies valued between $15 and $75 million with revenues up to $75 million and EBITDA of at least $3 million. Sectors of interest include niche manufacturing, building products, business services, and outsourcing. Hudson Ferry Capital was formed in 2006 and is based in New York City.
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A leading accounts receivable management company specializing in the healthcare industry. With 6 locations, RMP has over 520 dedicated employees serving roughly 200 hospitals and over 30,000 physicians across the country.
Since 2004, LaSalle Capital has partnered with over 40 companies in the lower middle market to drive growth and create value. They utilize a strategic and collaborative approach that respects the knowledge of those who have built the businesses they acquire and leverages their industry expertise and successful formula for growing and developing small businesses. LaSalle’s co-founders, Jeff Walters and Rocco Martino, have been investing in the lower middle market since the mid-1980s and the firm is built on the foundation of their investment experience.
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A leading global supplier of gas and dust detection, connector solutions and strata monitoring systems to the mining and industrial sectors. Their products are deployed in over 100 countries by some of the world’s leading corporations to protect their people and assets, maximize efficiency and improve the experience of workers and passengers. They offer the latest in wireless gas detection systems, particulate monitoring technology and Ex Connectors and provide fully engineered solutions to meet the diverse needs of their customers.
China Shipbuilding Industry Corporation ( CSIC ), established on 1st July1999, consisting of some of the enterprises and institutes of former China State Shipbuilding Corporation (old CSSC), is a very large state-owned enterprise, an entity with state authorization for investment and capital management, directly under the supervision of Chinese central government.
Dry Systems Technologies (DST®) is an industry leader in diesel engine emission products and after treatment technologies. DST is an environmentally friendly company whose number one goal is to make diesel engines run cleaner. DST® specializes in the development of clean, safe and MSHA compliant upgrades for existing engines, complete re-power of diesel powered mining and construction equipment and complete power-packages for new machinery builders. DST also offers machine upgrades including full-machine rebuilding capabilities and an Original Equipment Manufacturer (O.E.M.) line of new machinery. Based in Woodridge, just outside Chicago, DST also operates from facilities in Vienna, Illinois and Price, Utah. www.drysystemstech.com
Yorkshire Equity is a private investment firm based in Denver, Colorado that makes investments in industrial businesses where the Yorkshire team’s operating experience can assist management with long term value creation. www.yorkshireequity.com
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Kelatron Corporation is a world leader in raw material bioactive mineral nutrients for the nutritional, food, dietary supplement, and medical industries. Backed by outstanding technical and applications expertise, Kelatron offers premium products to manufacturers in the nutritional supplement, sports nutrition and functional food segments.
Hadley Capital invests in and grows small businesses. They have completed more than 20 acquisitions, partnering with management teams, families and owner/executives to deliver results for their companies and investors.
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Founded in 1952, Midwest Products Co (www.midwestproducts.com) is a leading worldwide supplier of quality raw materials, accessories, and kits to distributors and retailers. Midwest is proud to provide products enrich the lives of hundreds of thousands of people around the world everyday.
Castleray is a diversified holding company, formed in 2005, that owns and manages businesses and real estate, and provides mezzanine financing solutions. Castleray is proud of its employees’ dedication to their customers and communities. We believe in innovation, humility, honesty, hard-work, and a long-term outlook.
Los Angeles-based provider of domestic air and expedited services within the continental United States brings several key customers and an experienced staff to Robinson’s expansion plans.
C.H. Robinson is a Fortune 500 provider of multimodal transportation services and third-party logistics. The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
Die Cuts With a View, based in Provo, Utah, is an industry leader in the paper crafting market. In addition to paper crafting, DCWV has become an important supplier in the home décor market with innovative vinyl wall art and other decorative products sold through its DCWV Home brand.
H.I.G. Capital is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds.
U.S. Traffic Corporation, based in Lindon, Utah, is a a third party logistics company.
C.H. Robinson is a Fortune 500 provider of multimodal transportation services and third-party logistics. The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
Autumn Leaves takes the work out of searching for collectibles and offers themed packages for a variety of travels, hobbies, ephemera and much more, each containing multiple charms in an array of shapes and styles. Trinkets can be simply added to a charm bracelet or to a replica charm holder to make a distinctive piece of jewelry. The collection also includes raised dome typewriter keys, word charms, reproduction pendants, charm-holder pins and unique focal pieces, all with antiqued finishes to lend credibility to the souvenir-shop feel.
Creativity Inc. is a leading designer, marketer and distributor of arts and crafts products. The company’s jewelry design, scrapbooking, paper crafting, craft organization and home décor products can be found in major craft and mass merchandise retailers across North America, the United Kingdom and Australia. These products are marketed under six brand names: Autumn Leaves, Blue Moon Beads, Crop in Style, DMD, Hip in a Hurry and Westrim Crafts.
G&B manufactures a variety of track and signaling products, including electric switch components, switch machine layouts, electric locks, junction boxes and railgear equipment. Customers include railroads and original equipment manufacturers of track and signal infrastructure. The company was founded in 1979 and has about 100 employees.
Through subsidiaries Bach-Simpson Corp. and Prime Railway Services, Global Railway also supplies event recorder monitoring/control systems, train speedometers, track and signal components, and rail-car doors and replacement parts.
Based in Richfield, Utah, Pressed Petals was founded in 1989 by Chet and Lenita Thompson. Pressed Petals offers unique, high-quality products to scrapbooking and papercrafting enthusiasts. Its products include high-quality embellishments with pressed flowers, chipboard, and metals.
H.I.G. Capital, L.L.C. is a leading private equity and venture capital investment firm with more than $3 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. has extensive experience with financial restructurings and operational turnarounds. H.I.G. has completed in excess of 70 transactions. The firm currently has a controlling interest in more than 40 companies with combined revenues in excess of $5 billion.
Since 1993, Right! Systems, Inc. has provided business-driven, multi-vendor IT solutions to clients worldwide. Drawing on deep industry expertise and a portfolio of interrelated consulting, application, and infrastructure services, our solutions can help you gain control of your enterprise-wide technology, increase productivity and end-user satisfaction, refocus talent and energies on your core business, and decrease total cost of ownership.
KBL Capital Partners is a specialty merchant bank committed to funding and building successful information technology companies
Reddish, based in Houston, Texas, has provided distribution of specialty automotive equipment throughout the lower 48 states.
Keystone Automotive Operations, Inc., based in Exeter, Pennsylvania is the leading distributor and marketer of specialty automotive equipment and accessories in North America, serving the diverse interests and needs of auto enthusiasts and their installers across the US and Canada.
3 North Natural Rock, based in Denver, Colorado is a national distributor of building materials specializing in residential settings.
Kildare Enterprises, LLC is a group of dedicated individual investors, with a wealth of investment and management expertise, seeking opportunities to acquire and grow small to medium-sized privately held businesses, and divested divisions of publicly owned companies.
Best Vinyl is the nation’s leading installer of vinyl fencing and related products such as decks, patio covers, and other outdoors related landscaping products.
"I was leery after my last experience with another advisor. He only left me with industry rumors that I was for sale.
Working with IndustryPro was a positive experience throughout the entire process. In less than 30 days we were talking to very qualified buyers who specialized in investments in our industry. Soon thereafter IndustryPro obtained eight strong offers for our business. We not only got our price but joined up with a very compatible buyer with significant industry connections and partners capable of making an impact in growing our infrastructure. The entire process from introduction to close was only four months! With our new partner’s expertise and backing, we fully expect a second liquidity event a few years from now.
I am extremely impressed with IndustryPro’s associations and professionalism, and their staying fully engaged from start to finish. I highly recommend IndustryPro."
—Scott Peterson, Co-owner of Best Vinyl
Trico Drum is a material handling company focused on the reconditioning of steel and plastic drums as well as intermediate bulk containers.
Creating Keepsakes is a publication dedicated to the hobby and crafting industry.
“IndustryPro helped me maximize the value of my business and advised me throughout the complex selling process. I was happy to have an honest and knowledgeable advocate in my corner, and—if given the chance—I would hire IndustryPro again.”
—Matt Spencer Owner/Founder of DXE Medical
Sportsman’s Warehouse is an outdoor sporting goods retailer that operates in 18 states across the United States, including Alaska.
“Other M&A advisors introduced buyers urging me to sell my company. But when IndustryPro got involved they took time to understand my personal desires as well as company operations. They didn’t parade a bunch of buyers through our company. After a few visits we found the right investor and deal structure. I chose to stay with the company after the sale. My new partner handles the HR and administrative details while we both grow the company. Nice deal for us both plus our employees.”
Jim Taylor, Owner/Founder of RJ Taylor Pipeline Construction
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IndustryPro Capital is an M&A advisory firm. We facilitate business acquisitions, divestitures, management buy-outs and recapitalizations of privately-held companies.