Axial’s LMM Digest: October Edition

Welcome to the October edition of Axial’s Lower Middle Market Digest, your source of news, people moves, deal announcements, and all things newsworthy in the LMM.

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Select New Axial Members This Month

– Investment Banks: BKD Corporate Finance, Evergreen Advisors, Tucker Midis Owen, D.A. Davidson, Savills North America

– Corporates: Integrated Prescription Management, Travel Zap Inc., Wharfedale Technologies

– Private Equity Firms: L Catterton, Hidden Harbor Capital, SunTx

– Family Offices: CH Investment Partners, Fairfield-Maxwell Ltd., GreenSummit Investments

– Independent Sponsors: Arbor Bay Partners, Hayden Creek Capital, NB Group

People Moves

• Excellere Partners Portfolio Company, Biocare Medical, Appoints Nicolas Barthelemy as Executive Chairman. Read More
• The Halifax Group Names Doug Hill Partner Promotes David Calder to Principal. Read More
• Advent International Appoints Former Tesla and Lyft Executive Jon McNeill as an Advisory Partner. Read More
• Capital Partners Adds Chief Human Capital Officer. Read More
• Varsity Brands Appoints Steve Down as President of Herff Jones. Read More
• PJ Solomon Launches Telecom Group with the Hiring of Industry Veteran Joseph Valenti. Read More
• Cloud Services Leader Garth Carter Joins Baker Tilly’s Consulting Practice to Lead its Value Creation Team. Read More
• Bill Shea Joins as Skyway Capital Markets Director of Business Development. Read More
• KPMG appoints Hartaj Nijjar National Leader of Cyber Security Services. Read More
• Farrah Glover Joins Colliers International as Human Resource Assistant. Read More

Member Shout-outs

• One Equity Partners Closes Fund VII with $1.75 Billion of Total Commitments. Read More
• Growth Through Advocacy: Summit Partners Hosts 2019 Women’s Leadership Forum. Read More
• Corporate Finance Associates Worldwide Expands North American Operations in Miami. Read More
• Baker Tilly Named a Best Place to Work in Pennsylvania. Read More
• The Forbes M&A Group Awarded M&A Firm of the Year in Colorado. Read More

Interesting Reads

• CEO Panel: The Path to Leadership and Lessons Learned Along the Way (HBM Holdings) Read More
• A Comprehensive Guide to Debt Management (Corporate Finance Associates) Read More
• Will That Be Credit, Debit…Or ACH? (Fulcrum Equity Partners) Read More
• Creative ways to solve valuation differences in M&A negotiations (Cronkhite Capital) Read More
• Business Owners Can’t Always Sell When They Wish (Pacific Business Advisors) Read More
• Creating a Digital Roadmap to Drive Profits (Barnes Dennig) Read More
• Five Things Business Owners Should Keep in Mind Ahead of the Next Recession (Crosbie & Company Inc.) Read More

Deal Announcements from the Axial Sell-Side

• Solganick & Co. Serves as Exclusive Advisor to Lone Star Analysis in its Investment by HCAP Partners. Read More
• Quarton a Cowen Company Advises Max Holder GMBH on its Sale to Alfred Karcher SE & Co. KG. Read More
• Kontrol Energy Completes Term Loan Financing with FirePower Capital. Read More
• ROTH Capital Partners Acts as Sole Manager for Reed’s Inc. (Nasdaq: REED) in its $7 Million Follow-On. Read More
• Copper Run Capital Advises Forge Lumber on its sale to U.S. LBM. Read More
• Slate Partners Advises Southwest Elevator Company on Recapitalization with Align Capital Partners. Read More
• Beacon Corporation Completes the Sale of PPMI to Automotive & Industrial Products Supplier. Read More
• Caber Hill Advisors Supports the Merger between Cornerstone Dental Partners and Ponzio Dental. Read More
• Peakstone Group Advises on Environmental Services Transaction. Read More
• MiddleMarch Partners Advises 6th Avenue Capital On Convertible Note From Star Strong Capital. Read More
• The McLean Group Advises JACS Development on the Recapitalization of Eight Planet Fitness Clubs to Impact Fitness, a Portfolio Company of Morgan Stanley Capital Partners. Read More
• Paramax Corporation is pleased to announce the sale of Chemical Design, Inc. to Zeton International Inc. Paramax served as exclusive M&A advisor to Chemical Design, Inc. on this transaction. Read More​​​​​​
• Woodbridge International Closes Sale of Precision Stampings, Inc. to MPI Corporation. Read More
• Meridian Capital Advises Harbor Wholesale Foods on its Purchase of Regional Assets of Food Services of America. Read More​​​​​​
• Scura Partners Advises Karma Agency in its Sale to LRW Group, a portfolio company of Tailwind Capital. Read More

Deal Announcements from the Axial Buy-Side

• Rockbridge Growth Equity Acquires Leading Marketing Solutions Provider, ProSites, Inc. Read More
• Edgewater Capital Partners to Acquire Haematologic Technologies. Read More
• Clarion Capital Partners Completes Investment in Harris & Harris. Read More
• DaySmart Software Completes Growth Recapitalization with LLR Partners and Parthenon Capital. Read More
• Advent International Acquires Enamor, a Leading Women’s Innerwear Brand in India. Read More
• Dorilton Capital Invests in Hennigan Engineering Company. Read More
• Summit Partners Sipartech Announces Equity Partnership with Blackstone. Read More
• Arsenal Capital Partners Completes Acquisition of Clariant’s Healthcare Packaging Business. Read More
• ARC Industries Acquires Exhibit Source, Inc. Read More
• LNC Partners Invests in Prime Capital Investment Advisors, LLC . Read More
• H.I.G Capital Completes Growth Investment in Circle Graphics Holdings, Inc. Read More
• CrowdOut Capital Provides Term Loan to Tender Greens. Read More
• Valsoft Corporation Continues Investment in Hospitality Technology with Acquisition of H&L. Read More
• Veronis Suhler Stevenson Completes Investment In Quatrro Business Support Services. Read More
• American Securities and Lindsay Goldberg to Acquire AECOM’s Management Services Business. Read More

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The 7 Most Read Articles from October on Middle Market Review

Visit MMR

• Top 20 Lower Middle Market Investment Banks [Q3]. Read More
• A Drop in First Time Funds Among Robust Private Equity Fundraising. Read More
• 4 Business Development Best Practices for Private Equity Firms. Read More
• Operating Partners Remain in Demand. Read More
• Family Offices Continue to Adapt and Grow Read More
• The Risks and Opportunities of Inorganic Growth. Read More
• Middle-Market Dealmaking Continues to Outperform. Read More

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