Axial’s LMM Digest: November Edition

Welcome to the November 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: Sampford Advisors, Three Sixty Seven Advisors, Heritage Capital Group, Arlington Capital Advisors, Wilcox Investment Bankers

– Corporates: International Data Corporation, GLT Logistics, CompuVision Systems

– Private Equity Firms: TA Associates, American Industrial Acquisition Corporation, Alfar Capital

– Family Offices: Cannondale Capital Investors, The Allston Group, Konkordia Capital

– Independent Sponsors: Brick Investment Partners, Middleton Partners, Prisma Group

People Moves

• Patrick West Joins Stonehenge Growth Capital’s Tax Credit Services team. Read More
• The Halifax Group Promotes Scott Plumridge and Chris Cathcart to Managing Partner. Read More
• The Service Companies Appoints Dan Best as Chief Human Resources Officer. Read More
• Cascadia Capital Enhances Private Capital Team with New Managing Director Brian Bogen. Read More
• Stephens Boosts Tech Advisory Specialism with Robin Brown Hire. Read More
• Skyway Capital Markets Promotes Jake Zwiebel to Vice President. Read More
• Stephen Quisenberry Joins The Forbes M+A Group. Read More
• Ann Bartling Joins FTI Consulting’s Healthcare & Life Sciences Team within Strategic Communications. Read More
• Veteran Marketing CEO Steve Klein Joins Mor-Liquidity M&A. Read More
• Woodbridge International Hires Closer Jonathan Wesner, CFA to Advise its Expanding Sell-Side M&A Client Base. Read More

Member Shoutouts

• H.I.G Capital Closes $3.1 Billion H.I.G. Middle Market LBO Fund III Above Target. Read More
• ZMC Raises $775 Million for Third Private Equity Fund. Read More
• Crestmark Bank Provides More Than $40.1 Million in Commercial Financing to 92 Businesses in the First Half of November. Read More
• Berntson Porter & Company Named a Best Firm in the Nation for Young Accountants to Launch a Career. Read More
• New Direction Partners Recognized as #5 in Axial Top 20 Investment Banks. Read More

Interesting Reads

• M&A Quarterly News In The Technology, Media and Telecom Industry Sector (Corporate Finance Associates) Read More
• All Eyes On Potential Fallout From Apollo Global’s $5.4B Tech Data Acquisition (martinwolf M&A Advisors) Read More
• Top technology and business trends for SMBs, and their impact on finance and accounting (Baker Tilly Capital) Read More
• Things You Should Be Aware of Before Selling Your Business (A Neumann Associates) Read More
• 5 Methods to Strategically Increase Profit Margins on eCommerce (Pattern) Read More
• Wealthy Families Using 600-Year-Old Plan To Disrupt PE (Driehaus Private Equity) Read More
• Key Man Insurance – What It Is And Why It Is Important (Fora Financial) Read More

Deal Announcements from the Axial Sell-Side

• Broadridge Financial buys ClearStructure Financial Technology. Marlin & Associates Acted as the Exclusive Strategic and Financial Advisor to ClearStructure. Read More
• Quarton a Cowen Company Advises Sebastian Und Stefan Hipp on the purchase of Barnhouse NaturproductTE GMBH. Read More
• BRGCA Advises PuraGraft in Its Sale to Young Innovations. Read More
• Cascadia Capital Advises FruitSmart in Acquisition by Universal Corporation (NYSE:UVV). Read More
• Calder Capital Advises Performance Plus on its Acquisition of Colonial Car Wash and Oil Exchange Inc. Read More
• International Buyer Acquires Mountain Valley Express. Affinity Ventures Served as the Exclusive M&A Advisor to MVE for the transaction. Read More
• Cianflone Scientific Group has been acquired by King Tester Corporation & Salt Creek Capital. Everingham & Kerr initiated the transaction, acted as the exclusive financial advisor, and negotiated the transaction for Cianflone Scientific. Read More
• Peakstone Group Advises on Recapitalization of Capital Equipment Manufacturer. Read More
• Lingate Financial Group Advises Iconic Al & Alma’s Dinner Cruises and Supper Club on Internal Ownership Transition. Read More
• Canadian Water Treatment Business Acquires UK Genesys International for £16.95m (c$28.39m). BCMS Corporate BCMS advised Genesys on the transaction. Read More
• Kratos Capital Advises Bryant Electric Inc. on its Acquisition by Ascension Property Services. Read More
• Woodbridge International Closes Sale of WBC Extrusion Products, Inc. to GELPAC. Read More
• Britehorn Partners Advises Specialty Sauce Manufacturer on Sale to Strategic Buyer. Read More​​​​​​

Deal Announcements from the Axial Buy-Side

• Advent International to Acquire Majority Stake in Bharat Serums and Vaccines. Read More
• BV Investment Partners Announces Investment in EDCO Health Information Solutions Inc. Read More
• The Jordan Company Acquires PSG’S Polymer Additives Division From Arsenal Capital Partners. Read More
• Coretelligent and Veronis Suhler Stevenson Acquire SoundView IT Solutions, LLC, Marking The Completion Of Financial Services Portfolio. Read More
• Decathalon Capital Partners Infuses Financial Firm with Capital to Expand. Read More
• Vision, an H.I.G Capital Portfolio Company, Completes Acquisition of SourceLink. Read More
• Route 2 Capital Partners Announces Investment in Intrepid Solutions and Services. Read More
• 777 Partners Invests In Synchrono Group. Read More
• ClearLight Partners Invests in Handel’s Ice Cream. Read More
• W&W Dairy, a Portfolio Company of Main Street Capital Completes First Add-on Acquisition. Read More
• The Halifax Group Invests in AAMP Holdings. Read More
• Pfingstein Partners Invests in Environmental Lights. Read More
• Hammond Kennedy Whitney Announces Acquisition of John M. Floyd & Associates, Inc. Read More
• Huron Capital’s Pueblo Mechanical & Controls ExecFactor® Platform Completes Sixth Add-on Acquisition. Read More
• ICV Partners Announces Significant Investment In JK&T Wings In Partnership With Management. Read More

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The 5 Most Read Articles from October on Middle Market Review

Visit MMR

• Shifting Dynamics in the Public and Private Capital Markets. Read More
• Middle Market Business Growth Projections on the Decline. Read More
• 4 Business Development Best Practices for Private Equity Firms. Read More
• Axial Member Spotlight: Votto Vines – From the Vineyards of Italy to the Inc. 500. Read More
• Axial Radar: The Importance of Human Capital Read More

Highlights of Recent Transactions

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