Axial Deal Digest: Closed Deals and Top Stories from September

Welcome to the September edition of Axial’s Lower Middle Market Digest, your source of news and deal announcements featuring boutique investment banks, family offices, private equity-backed portfolio companies, and lower middle market businesses.
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Featured New Members

– Investment Banks: Allegiance, Financo, Billow Butler, Salem Partners, Berenton Hanley & Co.

– Corporates: Alithya, Fuze HR Solutions, HAWE Hydraulik

– Private Equity Firms: Westhook Capital, Pillsman Partners, OP Capital

– Family Offices: CrownStar Capital, ALEC Capital, Bull Creek Capital

– Independent Sponsors: NTC Group, Squarefield Capital, JQA Capital

***Make sure to follow Axial on LinkedIn to stay up to date on all of the latest market news.***

Shoutouts

• Advent International Raises $2 Billion for Global Technology Fund. Read More
• GeBBS Wins Prestigious NASSCOM 2019 Customer Excellence Award. Read More
• AUA Private Equity Awarded Top PRI Score. Read More
• Carter Morse & Goodrich Named Finalist for “Corporate/Strategic Deal of the Year”. Read More
• Butcher Joseph & Co. Receives Five Nominations for the 18th Annual M&A Advisor Awards. Read More

Thought Leadership 

• Direct-To-Consumer Selling Is Coming To Retail Categories You Couldn’t Have Even Imagined (Triangle Capital LLC) Read More
• M&A Quarterly News In The Food and Beverage Industry Sector (Corporate Finance Associates) Read More
• Easy Money? Private Capital’s Drawbacks (Auctus Capital Partners) Read More
• Exit Planning Timeline: How Long Will it Take to Leave Your Business? (Carpenter Hawke & Co.) Read More
• 10 Tips for Preparing for and Managing a Private Equity Investor Relationship (Excellere Partners) Read More
• Who Cares About Culture? Customers Care. A Lot. (Strategex) Read More
• Is The Casper Of Healthcare Just What Private Equity Ordered? (Driehaus Private Equity) Read More
• How Much Collateral Is Needed to Get a Secured Loan? (Fora Financial) Read More

People Moves

• Juniper Capital Management adds Stacy Repult as a Principal. Read More
• Oak Ridge Financial Welcomes Mike Wier to Institutional Fixed Income Team. Read More
• Stephens Enhances European Sponsor Coverage Capability with Simon Tilley Hire. Read More
• Former IBM M&A Practice Leader Joins LockeBridge to Lead Technology Investment Banking Practice. Read More
• Michael Taylor joins Peakstone as Managing Director. Read More
• Paul Cocco, Snack Foods Industry Veteran Joins BMI Mergers & Acquisitions. Read More
• Geoff Baird Joins LLR Partners to Lead its Value Creation Team. Read More
• HBM Welcomes Doug Bolen to Lead Information Technology. Read More
• H.I.G Capital Hires Ed Pallesen to Lead Infrastructure Team. Read More
• Etienne Lecomte joins Advent International France as an Industry Advisor. Read More

Deal News from Sell-Side Members

• Cascadia Capital Advises Firestone Pacific Foods in its Acquisition by Agriculture Capital Management. Read More
• Baker Tilly Capital advises Suburban Group on recent sale to High Street Capital. Read More
• PJ Solomon is Advising MJR Digital Cinemas on its Sale to Kinepolis Group. Read More
• Marlin & Associates Advises StatPro Group plc on a US $230 Take-Private Transaction. Read More
• Skyway Capital Markets Leads Capital Raising Momentum for Washlava with Unique Non-Dilutive Growth Financing. Read More
• The Forbes M&A Group Advises Ponderosa Valley Funeral Services on its Sale to Foundation Partners. Read More
• ROTH Capital Partners Advises SPY on its Merger with Bollé Brands. Read More
• Everingham & Kerr Advises Bucks County Trolley Co. on its acquisition by a Privately Held Company. Read More
• Peakstone Serves as M&A Advisor to Countryside Tank Company on Sale to TerraVest Industries. Read More
• Woodbridge International Closes Sale of Critical Industrial Maintenance Provider. Read More
• Bryant Park Capital Arranges $104.5 Million in Captial for Legis Finance, A Commercial Litigation Finance Company. Read More
• Butcher Joseph Advises AMPAM Parks Mechanical on Employee Buyout. Read More​​​​​​
• Craft Capital Management Secures 2 MM Installment Loan for Leading Online Retailer YogaClub. Read More
• Shamrock Steel Has Been Acquired by Triple-S Steel. Statesman Business Advisors served as the exclusive financial advisor to Shamrock throughout the transaction. Read More​​​​​​
• Capital Value Advisors Represents Bluefin, LLC in its Acquisitionby EMEX Holdings, LLC, a Portfolio Company of 02 Investment Partners LLC. Read More

Deal News from Buy-Side Members

• Halifax Group Invests in Prairie Industries and Nu-Pak. Read More
• Stonehenge Capital invests $5 million in Ohio-based Bedrock Earthworks to boost growth and double workforce. Read More
• Corestream Secures Investment from LLR Partners. Read More
• Huron Capital’s Albireo Energy Acquires Environmental Energy Corp. Read More
• Presidio Invests $75M to Merge 15 Companies, Creating Bravas, a Nationwide Designer of Luxury Smart Home Systems. Read More
• Akeneo Raises $46 Million, led by Summit Partners, to Expand Its Leadership in Product Experience Management. Read More
• High Road Capital Partners’ Portfolio Company U-C Coatings Acquires Eco Chemical. Read More
• Bertram Capital Announces Investment in Solo Stovek. Read More
• Great Point Partners Backed Spine & Sport Physical Therapy Completes Acquisition of Wisdom Physical Therapy. Read More
• TSG Consumer Partners To Acquire Joe Hudson’s Collision Centers. Read More
• Branford Castle Partners hits stride with acquisition of Pulse Veterinary Technologies, an industry-leading provider of products to the global horse and house pet healthcare markets. Read More
• Highview Capital Backed National Fire & Safety Announces Acquisition of Elite Fire Protection Systems. Read More
• Martis Capital Completes Investment in Credible Behavioral Health. Read More
• Volaris Group Expands its Risk and Compliance Offerings through the Acquisition Of Holocentric. Read More
• Valsoft Enters the Aviation Vertical With the Acquisition of Commsoft OASES. Read More

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Last Month on Axial’s Middle Market Review

Visit MMR

• A Research-Driven Approach to Deals. Read More
• Independent Sponsors Gain Acceptance. Read More
• The Makings of the M&A Purchase Agreement. Read More
• A Rise in Subscription Credit Facilities. Read More
• You’ve Received an Unsolicited Offer to Buy Your Business – Now What? Read More
• Lots of New Capital for Lower Middle Market Firms. Read More
• What to Expect in an M&A Letter of Intent. Read More

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