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Business Products and Services Deals for December 2020 Company Name Description Deal Synopsis Absolutdata Provider of consulting-oriented analytics and research services. The company offers services in areas of predictive, CRM (customer relationship management) analytics, conjoint, market research, marketing mix modeling, customer segmentation, data visualization and big data using big data techniques, machine learning, artificial intelligence and Internet of Things analytics, enabling technology, retail, travel and telecommunication companies to make better strategic and day-to-day business decisions. The company was acquired by Infogain, via its financial sponsor ChrysCapital, through an LBO on December 24, 2020. Action Elevator Provider of elevator maintenance services intended for property owners and managers. The company provides elevator modernization, maintenance, repair and new construction services, serving customers across a variety of end-markets. The company was acquired by Southwest Elevator Company, via its financial sponsor Align Capital Partners, through an LBO on December 15, 2020 for an undisclosed sum. Action Plumbing, Heating, Air & Electric Provider of electric, plumbing and HVAC contracting services based in Salt Lake City, Utah. The company's services include plumbing, drain cleaning, heating, air conditioning, air purification, water filtration, water heating and remodelling and reconstruction. The company was acquired by Randazzo Heating & Cooling, via its financial sponsors Midwest Mezzanine Funds, Five Points Capital, Schroder Adveq Management and North Branch Capital, through an LBO on December 2, 2020 for an undisclosed sum. ADB Companies Provider of infrastructure services intended for the communication, utility and technology industries. The company offers planning, designing, deployment and maintenance of multiple infrastructure projects within the communication, commercial construction, government and energy markets, enabling local, state and federal government bodies and businesses to meets their utility infrastructure needs. The company was acquired by Warren Equity Partners through an LBO on December 17, 2020 for an undisclosed sum. Keybanc Capital Markets, Capital One, PGIM Private Credit, Oaktree, AP Commercial, Arvest Bank, Medley Capital and KeyBank provided $180 million debt financing in the form of a $125 million term loan, a $25 million delayed drawn term loan and a $30 million revolving line of credit to support this transaction. Advanced Composite Products and Technology Manufacturer of engineered composite structures for defense, space, automotive, marine, industrial machinery and subsea telecom applications. The company specializes in designing, prototyping and producing composite products such as satellite components, thin-walled tubing, launch vehicle components, composite tank tracks, optical mounting assemblies and ordnance components. The company was acquired by Charger Investment Partners through an LBO on December 15, 2020 for an undisclosed sum. Cook M&A Advisory Services 212 W Kinzie Street, Ste. 600 Chicago, IL 60654 Arnis Kins Managing Director (312) 755-5615 [email protected]

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Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Absolutdata Provider of consulting-oriented analytics and research

services. The company offers services in areas of

predictive, CRM (customer relationship management)

analytics, conjoint, market research, marketing mix

modeling, customer segmentation, data visualization and

big data using big data techniques, machine learning,

artificial intelligence and Internet of Things analytics,

enabling technology, retail, travel and telecommunication

companies to make better strategic and day-to-day

business decisions.

The company was acquired by Infogain, via its financial sponsor

ChrysCapital, through an LBO on December 24, 2020.

Action Elevator Provider of elevator maintenance services intended for

property owners and managers. The company provides

elevator modernization, maintenance, repair and new

construction services, serving customers across a variety

of end-markets.

The company was acquired by Southwest Elevator Company, via

its financial sponsor Align Capital Partners, through an LBO on

December 15, 2020 for an undisclosed sum.

Action Plumbing, Heating, Air &

Electric

Provider of electric, plumbing and HVAC contracting

services based in Salt Lake City, Utah. The company's

services include plumbing, drain cleaning, heating, air

conditioning, air purification, water filtration, water

heating and remodelling and reconstruction.

The company was acquired by Randazzo Heating & Cooling, via

its financial sponsors Midwest Mezzanine Funds, Five Points

Capital, Schroder Adveq Management and North Branch Capital,

through an LBO on December 2, 2020 for an undisclosed sum.

ADB Companies Provider of infrastructure services intended for the

communication, utility and technology industries. The

company offers planning, designing, deployment and

maintenance of multiple infrastructure projects within the

communication, commercial construction, government

and energy markets, enabling local, state and federal

government bodies and businesses to meets their utility

infrastructure needs.

The company was acquired by Warren Equity Partners through

an LBO on December 17, 2020 for an undisclosed sum. Keybanc

Capital Markets, Capital One, PGIM Private Credit, Oaktree, AP

Commercial, Arvest Bank, Medley Capital and KeyBank provided

$180 million debt financing in the form of a $125 million term

loan, a $25 million delayed drawn term loan and a $30 million

revolving line of credit to support this transaction.

Advanced Composite Products

and Technology

Manufacturer of engineered composite structures for

defense, space, automotive, marine, industrial machinery

and subsea telecom applications. The company specializes

in designing, prototyping and producing composite

products such as satellite components, thin-walled

tubing, launch vehicle components, composite tank

tracks, optical mounting assemblies and ordnance

components.

The company was acquired by Charger Investment Partners

through an LBO on December 15, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Aerial Work Platforms Provider of the aerial lift equipment to the construction

industry. The company specializes in renting, selling and

servicing aerial lift equipment like articulated booms,

material lifts, industrial and rough terrain forklifts to its

clients.

The company was acquired by Borgman Capital through an LBO

on December 15, 2020 for an undisclosed sum. The company

also received debt financing in the form of senor debt from

Associated Bank.

AeroSpares Designer and supplier of proprietary aftermarket

replacement components, known as Parts Manufacturing

Approval ("PMA") to the commercial and cargo markets.

The company specializes in providing spare parts solutions

to a global network of airline and MRO partners,

committed to helping the customers battle the increasing

costs of component, airframe, and engine maintenance

with its competitive pricing, reduced lead times, and

customized repairs.

The company was acquired by Jet Parts Engineering, via its

financial sponsors Vance Street Capital, Neuberger Berman, PA

Capital, MLC Australia and Lexington Partners, through an LBO

on December 22, 2020 for an undisclosed sum. The transaction

further enhances the company's catalog of proprietary

aftermarket parts for the commercial and cargo aerospace

industry.

Agway Farm & Home Distributor of farm supply serving a network of private

dealers. The company provides farm and home retailers

with their seasonal home and hardware, farm supply,

lawn and garden, bird, pet and animal health products.

The company, a subsidiary of Southern States Cooperative, was

acquired by CriticalPoint Capital through an LBO on December

21, 2020 for an undisclosed sum.

All-Star Fire Operator of a full-service fire sprinkler, fire alarm and fire

extinguisher firm based in Norcross, Georgia. The

company specializes in the installation, inspection,

testing, monitoring, retrofitting, servicing and repairing

and value engineering of fire safety systems.

The company was acquired by Fire Safety and Protection, via its

financial sponsor Sunny River Management, through an LBO on

December 1, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Altru Labs Developer of a mobile-video platform designed to assist

businesses with hiring and training through employee-

generated content. The company's platform facilitates

employer branding by communicating with applicants

through content created and shared directly by

employees, with features that let candidates chat with

existing employees prior to interviews, share videos and

participate in live training sessions along with co-workers,

enabling businesses to engage their employees in the

recruiting process and tell authentic, insightful stories

about the company through employee-generated videos.

The company was acquired by iCIMS, via its financial sponsors

Vista Equity Partners and Susquehanna Growth Equity, through

an estimated $60 million LBO on December 14, 2020. The

acquisition further expands iCIMS' market innovation and

leadership with interactive employee-generated content that

changes career sites from static to dynamic sources of

engagement and interactivity

American Pavement Preservation Provider of infrastructure construction and paving

services for private property owners and public properties

in the U.S. The company specializes in asphalt pavement

preservation and placement and offers engineering,

development, grading, road construction, slurry seal,

excavation, bridges, seal coating, paving, concrete work,

striping, golf course construction, lot preparation, micro-

surfacing and other related services.

The company was acquired by Capital Alignment Partners

through an LBO on December 4, 2020 for an undisclosed sum.

Amerit Fleet Solutions Provider of fleet maintenance and management services

based in Walnut Creek, California. The company offers

customized fleet maintenance programs, operating

through a collection of mobile repair units, branch

locations, and on-site customer locations, in order to

increase uptime by identifying and addressing clients'

specific areas of need.

The company was acquired by Brightstar Capital Partners and its

management through an LBO on December 28, 2020 for an

undisclosed sum.

Applied Safety and Ergonomics Provider of consulting services related to human factors

based in Ann Arbor, Michigan. The company specializes in

offering forensic investigations and litigation support,

product safety and warnings consulting, time and motion

studies, usability evaluation and testing, historic research

and analysis and time studies.

The company was acquired by Rimkus Consulting Group, via its

financial sponsor Century Equity Partners, through an LBO on

December 16, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Aquaguard Waterproofing

Contractors

Provider of waterproofing services for residential and

commercial properties based in Atlanta, Georgia. The

company offers a range of services including foundation

repair, concrete leveling, gutter cleaning and

maintenance and roofing in order to protect the home so

that clients can have a safe and healthy space.

The company was acquired by JES Construction, via its financial

sponsors Cortec Group and Succession Capital Partners, through

an LBO on December 11, 2020 for an undisclosed sum.

Arandell Operator of catalog printing service company aimed at

conserving resources and protecting the environment

using sustainable printing methods. The company utilizes

eco-friendly materials and water-based inks to offer

printing, premedia, paper management, marketing and

data management as well as logistics, delivery and mailing

services to clients.

The company was acquired by Farragut Capital Partners,

Saothair Capital Partners and Ocean Avenue Capital Partners

through an estimated $31.32 million LBO on December 8, 2020.

Siena Lending Group and Great Rock Capital provided financing

to support the transaction.

Area Wide Protective Operator of a chain of traffic control facility intended for

communities, non-profit organizations, private

contractors and major public utilities. The company offers

a wide range of outsourced traffic management solutions,

which include traffic control design and execution

services in support of repair, maintenance and

construction activities, in order to help clients to save

time, protect people and businesses.

The company was acquired by Kohlberg & Company through an

LBO on December 23, 2020 for an undisclosed sum.

ARYZTA (North America's Take-

and-Bake Pizza)

Operator of a take-and-bake pizza business catering to

U.S. foodservice, mass retailers, clubs and grocery stores.

The company manufactures private label take-and-bake

pizzas and flatbreads.

The business division of Aryzta North America was acquired by

Brynwood Partners through an LBO on December 7, 2020 for an

undisclosed sum.

AWT Labels & Packaging Provider of labeling and printing services to the health

care, food and beverage, personal care, household,

specialty and industrial markets. The company offers

pressure-sensitive digital labels, laminating multi-layer

film structures, shrink sleeves, clinical trial labels,

extended content labels and others, enabling clients to

get custom labeling, packaging and converting services.

The company was acquired by Morgan Stanley Capital Partners

through an LBO on December 18, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

BA Major Associates Provider of corporate tax advisory services focused on the

biotechnology, pharmaceutical, medical device,

healthcare, renewable energy and technology sectors.

The company specializes in the accounting and reporting

for complex corporate income tax and tax compliance

services for both public and private companies.

The company was acquired by WilliamsMarston, via its financial

sponsor Align Capital Partners, through an LBO on December 8,

2020 for an undisclosed sum.

Ballast Research Provider of market intelligence and insights intended for

advancing effective policy conversations. The company

offers federal advocacy consulting and state advocacy

consulting services for getting direct feedback from senior

policymakers to government relations professionals,

helping advocates make better use of policymakers' time

and deliver the resources useful to those in government.

The company was acquired by Falfurrias Capital Partners

through an LBO on December 15, 2020 for an undisclosed sum.

As part of the transaction, Mr. David Bradley will remain as a

key investor in the company.

Base2 Engineering Developer of hardware and software tasks for customers

in the United States intelligence, defense, space and

aviation communities. The company specializes in the

design and development of cutting-edge cyber solutions

across the domains of computer network operations,

signals intelligence and quick reaction capability.

The company was acquired by Aegis Technologies Group, via its

financial sponsor Arlington Capital Partners, through an LBO on

December 21, 2020 for an undisclosed sum.

Big City Access Supplier of scaffolding and access equipment services.

The company's products include frame and system

scaffold, suspended scaffold, shoring, trash chutes, bridge

buggies, overhead protection, rolling towers, outrigger

load platforms and safety and equipment include a wide

range of access tools such as canopy frames on sidewalks,

building entrances and exits for pedestrian overhead

protection, stair towers to access floors and rooftops,

enabling building constructors and renovators to hire the

required equipment so as to complete their projects in a

cost-effective yet safe manner.

The company was acquired by BrandSafway, via its financial

sponsors Ardian, Clayton, Dubilier & Rice and Brookfield

Business Partners, through an LBO on December 1, 2020 for an

undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

BioNaturals Manufacturer and provider of natural ingredients and

clean label products across Europe, the United States and

Asia-Pacific. The company employs proprietary process

technology to manufacture products that are natural,

clean label, multifunctional flavor and provide ingredients

that safeguard the aroma, taste, appearance and shelf-life

of the baked goods helping in optimizing supply chain

costs, improving the safety of the products and reducing

waste.

The company was acquired by Millbo, via its financial sponsor

Ergon Capital Partners, through an LBO on December 16, 2020

for an undisclosed sum.

BluePrint Research Group Owner and operator of a marketing research consultancy

intended to design and execute research to drive global

brand commercialization efforts. The company specializes

in crystallizing the lens, mapping the journey of patients,

developing segmentation to elucidates similarities and

helps in designing a comprehensive performance

management system, enabling healthcare companies to

develop and execute marketing research to inform

strategy development, planning, and execution for a

brand's commercialization efforts.

The company was acquired by Trinity Partners, via its financial

sponsor Parthenon Capital Partners, through an LBO on

December 9, 2020 for an undisclosed sum. The acquisition

enables Trinity Partners to become the top leader in life

sciences industry and solidifies its global presence.

Brady Industries Provider of janitorial and sanitation products and

solutions intended for cleaning and food service

professionals. The company offers a wide range of

cleaning solutions, which include sanitary papers and

disposables, janitorial maintenance equipment, rentals

and service, laundry products, ware wash systems and

other related solutions, to hospitality, education,

healthcare, government, building service contractors and

other sectors.

The company was acquired by Individual FoodService, via its

financial sponsor Kelso Private Equity, through an LBO on

December 14, 2020 for an undisclosed sum.

Brekan Nava Group Provider of commercial real estate appraisal and

consultancy services. The company's services include

commercial appraisals, feasibility studies, development

analysis and rent analysis for various types of properties

like offices, warehouses, apartments, retail and shopping

center and medical clinics.

The company was acquired by Butler Burgher Group, via its

financial sponsor Silver Oak Services Partners, through an LBO

on December 16, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Cadence Fluidics Manufacturer of custom valves and fluidic subassemblies

for life science OEM customers. The company develops

fluidic components for HPLC, mass spectrometry,

preparative and flash chromatography, microfluidics and

subassemblies for many liquid handling applications.

The company was acquired by Detector Technology, via its

financial sponsor Ampersand Capital Partners, through an LBO

on December 7, 2020 for an undisclosed sum. This acquisition

further enhances Detector Technology's manufacturing and

engineering resources and expertise, allowing it to accelerate

OEM client development projects through offering highly

customizable products for market-specific applications.

Calvin's Electric Provider of electrical wiring and subcontractor services

for residential projects based in Dripping Springs, Texas.

The company specializes in delivering hardwire electric

services for the clients' projects while improving each

customer's electrical efficiency and providing electrical

code compliance consulting as needed.

The company was acquired by In Charge, via its financial

sponsor Search Fund Partners, through an LBO on December 10,

2020 for an undisclosed sum.

Centerline Partners Operator of a life sciences management consulting firm

catering to the healthcare sector. The company's platform

enables clients to standardize and improve the way their

IT and Business Operations organizations interact with

their internal business customers.

The company was acquired by Ettain Group, via its financial

sponsor A&M Capital, through an LBO on December 3, 2020 for

an undisclosed sum.

Centronix Operator of a full-service communications provider. The

company offers two-way radios for a variety of sectors

such as construction, education, healthcare, hospitality

and law enforcement to facilitate wireless

communication.

The company was acquired by Mobile Communications

America, via its financial sponsor Sentinel Capital Partners,

through an LBO on December 18, 2020 for an undisclosed sum.

The acquisition expands Mobile Communications America's

footprint in Texas and offers more than 75 locations across the

United States.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Centurion Service Group Provider of medical equipment disposition,

refurbishment, and replacement services for hospitals

and other healthcare facilities. The company is a surplus

medical equipment management entity that partners

with hospitals and surgery centers to unlock the value of

medical equipment that frees up important financial

resources and offers new and refurbished equipment for

direct sale to customers, making it hassle-free for

healthcare facilities to create strategies for surplus

equipment liquidation.

The company was acquired by TRIMEDX, via its financial

sponsors Prettybrook Partners and TowerBrook Capital

Partners, through an LBO on December 2, 2020 for an

undisclosed sum. The added capabilities of the company will

allow TRIMEDX clients to gain maximum value from their excess

medical equipment through the company's auction services.

Clean-Tech Company Provider of commercial cleaning services. The company

offers custodial, grounds and facility maintenance to the

educational, medical and industrial sectors.

The company was acquired by HES Facilities, via its financial

sponsor Nautic Partners, through an LBO on December 4, 2020

for an undisclosed sum. The acquisition positions HES Facilities

as a national leader in the provision of outsourced janitorial,

groundskeeping and building management services to clients in

both higher education and K12 school districts.

Cold Steel Manufacturer of knives, cutlery, and tools based in

Ventura, The company's product portfolio includes knives,

swords, tomahawks, machetes, cutlery and other martial

arts items and training equipment made up of carbon

steel, enabling military and law-enforcement personnel to

use this weapons in their day to day life for self defense.

The company was acquired by GSM Outdoors, via its financial

sponsor Gridiron Capital, through an LBO on December 3, 2020

for an undisclosed sum.

Colonnade Group Provider of event management services that engineers

exceptional experiences to elevate every fan's game day.

The company fills a gap in event management expertise

by providing comprehensive logistical solutions in the

areas of premium seating, temporary structures,

interactive fan events, VIP hospitality experiences,

corporate hospitality and sales, fan experiences and

customized solutions intended for a dozen Division I

Universities, the nation's largest collegiate athletic

conferences, the NCAA, and the College Football Playoff.

The company was acquired by Tailgate Guys, via its financial

sponsor Teall Capital, through an LBO on December 15, 2020 for

an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Combustion & Control Solutions Provider of boiler repairing, installation and repairing

services. The company works for original equipment

manufacturers in the fabrication, assembly, factory start-

up and service of boilers and thermal fluid heaters in the

United States and overseas for a variety of manufacturing,

distillery, hospital and chemical businesses.

The company was acquired by Alderman Holdings through an

LBO on December 29, 2020 for an undisclosed sum.

Commonwealth Rolled Products Manufacturer and supplier of automotive and common

alloy aluminum rolled products for the automotive,

building and construction, transportation and consumer

durables industries. The company provides services to

produce sheet and coil in various alloys and tempers, for

many industries and a wide variety of applications.

The company, a subsidiary of Aleris, was acquired by American

Industrial Partners through an approximately $171 million LBO

on December 1, 2020.

CTS Engines Provider of maintenance, repair and overhaul services for

jet engines. The company offers services for the

restoration of engine's gas path, including the overhaul of

the compressor, combuster and turbine as well as

purchase, sale and leasing of turbine engines on a daily

basis.

The company was acquired by J.F. Lehman & Company through

an LBO on December 28, 2020 for an undisclosed sum. As a part

of the transaction Barings Finance and Siemens Financial

Services provided debt financing to support the deal.

Cunningham Associates Heating

and Air Conditioning

Provider of heating, ventilation and air conditioning

services based in Atlanta, Georgia. The company offers

installation, repairs and maintenance services serving

residential and light commercial customers.

The company was acquired by Southern Hvac Corporation, via

its financial sponsor MSouth Equity Partners, through an LBO on

December 22, 2020 for an undisclosed sum.

Dahlquist Machine Provider of precision components primarily for the

electronics, instrumental and industrials end markets. The

company specializes in high-speed precision machining of

light metal, aluminum and plastic products for a customer

base largely comprised of established medical device and

laboratory testing equipment OEMs.

The company was acquired by Incodema3D, via its financial

sponsor CORE Industrial Partners, through an LBO on December

21, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Dayspring Restoration Provider of restoration, mitigation and renovation

services for residential and commercial properties in

Montana. The company offers water damage clean up,

fire and smoke damage restoration, mold removal.

electronics decontamination and data recovery services.

The company was acquired by Trinity Hunt Partners through an

LBO on December 21, 2020 for an undisclosed sum.

DH Striping Provider of pavement maintenance services serving retail,

property management, real estate development and

other commercial customers. The company specializes in

parking lot maintenance, pavement marking, asphalt

patching, restriping, thermoplastic markings, seal coating,

hydro blasting and signage services.

The company was acquired by Lincoln Road Global Management

and Trivest Partners through an LBO on December 22, 2020 for

an undisclosed sum.

Engineering by Design Provider of interventional medical device and component

manufacturing technologies, including precision coil

winding equipment, catheter laminators and reflow

machines, spooling and unspooling machines and custom

solutions. The Company's equipment and consumables

are used by leading medical device OEMs and contract

manufacturers to manufacture precision devices and

therapeutic components used in a wide variety of growing

cardiovascular and neurovascular interventional

therapies.

The company was acquired by Arcline Investment Management

through an LBO on December 16, 2020 for an undisclosed sum.

ENTACT Provider of field remediation and construction services.

The company offers vapor extraction, environmental

remediation, laboratory soil treatability testing,

stabilization, solidification and compaction services in the

United States.

The company was acquired by J.F. Lehman & Company and its

management through an LBO for an undisclosed sum on

December 15, 2020. As a part of the transaction Deutsche Bank

provided debt financing to support the deal.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

FitzMark Provider of third-party logistics services focused on

transportation management and warehousing within the

United States. The company operates as a tech-enabled

national 3PL and provider of transportation management

system products to more than 2,000 shippers and 25,000

carriers by focussing on brokerage and logistics for the

truckload, flatbed, refrigerated and less-than-truckload

markets.

The company was acquired by Calera Capital, Mr. Scott

Fitzgerald and its existing management through an LBO on

December 22, 2020 for an undisclosed sum.

FoodChain ID Provider of food safety testing, third-party certification

and consulting services intended to address challenges

and opportunities in the rapidly evolving food industry.

The company offers data, technologies and tools

necessary to meet the growing demand for higher levels

of transparency, accountability, safety and sustainability

across the supply chain by focussing on areas that include

food safety, organic and non-GMO verification and

testing, product labeling, production methods,

environmental, societal impact and any associated claims

along with regulatory compliance thus validates, verifies

and certifies the full scope of an organization's framework

that ultimately helps to builds consumer trust and brand

equity.

The company was acquired by Berkshire Partners, Mr. Brad

Riemenapp and its management through an LBO on December

8, 2020 for an undisclosed sum. The company was recapitalized

as a part of the transaction.

FortyFour Provider of digital marketing and design services. The

company offers enterprise platforms, digital strategy,

branded content, and content management platforms,

that help global brands design, build platforms and

campaigns that engage customers at every point in the

journey.

The company was acquired by Bounteous, via its financial

sponsor Mountaingate Capital, through an LBO on December 8,

2020 for an undisclosed sum.

Fox Electronics (Commercial

Products)

Supplier of frequency control products for the electronics

market. The company is engaged in manufacturing and

supplying frequency control products, including crystals,

oscillators, timing devices and crystal filters.

The company, a subsidiary of Integrated Device Technology, was

acquired by Abracon, via its financial sponsors The Riverside

Company and Bain Capital Specialty Finance, through an LBO on

December 8, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Gard'N-Wise Distributors Supplier of landscape products intended for garden

centers, retail and commercial nurseries. The company

offers sourcing, product knowledge training and

warehouse delivery for grower supplies, lawn and garden

fertilizers & chemicals, landscape fabrics, hydroponics as

well as greenhouse and turf products.

The company was acquired by BFG Supply, via its financial

sponsor Incline Equity Partners, through an LBO on December

17, 2020 for an undisclosed sum. The acquisition of Gard'N-

Wise significantly expands the Company's geographic footprint

and ability to serve customers in the Midwest, Southwest and

Mountain West regions.

Gowanda Components Group Designer and manufacturer of board-level magnetic

inductive components for the original equipment

manufacturer (OEM) electronics marketplace. The

company provides application specific and standard

inductors for radio frequency, microwave and power

applications for the defense and medical device sectors.

The company was acquired by iNRCORE, via its financial

sponsors Oaktree Capital Management and The Jordan

Company, through an LBO on December 31, 2020 for an

undisclosed sum.

Graphik Dimensions Provider of fine art printing and framing services intended

for artists, photographers, galleries, grandmas and

governments. The company offers custom printing &

framing, custom decor & supplies such as mirrors, photo

frames, corkboards, chalkboards, dry erase boards,

framing supplies and mat & liners. It also provides

personalized gift services for weddings, graduation and

housewarming.

The company was acquired by Circle Graphics, via its financial

sponsors Falcon Investment Advisors, H.I.G. Capital, Arbor

Ventures (London) and Search Fund Partners, through an LBO

on November 2020 for an undisclosed sum.

Great Oak Landscape Group Provider of landscape maintenance and enhancement

services based in Buford, Georgia. The company provides

full-service grounds management services that include

professional service and maintenance for outdoor

commercial spaces.

The company was acquired by Landscape Workshop, via its

financial sponsors Landscape Workshop and McKinney Capital,

through an LBO on December 9, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Griffin Dewatering Manufacturer of equipment and designing dewatering

systems for complex groundwater problems in the

construction industry. The company provides turnkey

dewatering services utilizing its self-manufactured

pumping equipment and conducts its operations through

eight branch locations across the United States, as well as

offers deep well and eductor systems, water treatment

and filtration, bypass pumping, pump rental and

groundwater controls and hydraulic submersible pumping

for a wide range of pumping applications.

The company was acquired by Crossplane Capital through an

LBO on December 2, 2020 for an undisclosed sum.

Gudenkauf Provider of self-perform construction services for

telecommunications, utility and systems integration. The

company is a provider of diversified telecommunications,

utility and systems integration services and its offerings

include outside plant construction, splicing, emergency

restoration services, pole line construction, security

system installation and more.

The company was acquired by Congruex, via its financial

sponsor Crestview Partners, through an LBO on December 22,

2020 for an undisclosed sum.

Hope Valley Industries Manufacturer and distributor of automotive accessories

for the OEM market. The company is a multi-functional

manufacturer and outsources all-weather automotive

accessories, including floor-mats, mud-flaps, fender-flares

and a variety of consumer products.

The company was acquired by Adell (Door Edge Guards), via its

financial sponsor Kinderhook Industries, through an LBO on

December 18, 2020 for an undisclosed sum. Debt financing for

the transaction was provided by BBVA USA, Alliance Partners

LLC and Stifel Bank & Trust. The acquisition allows VAI to expand

its network of core OEM relationships and offers entry into an

exciting and growing new product category, all-weather floor

mats.

Horizon Terminal Services Provider of automotive services and port terminal

operations in South and Central America. The company

provides vehicle and equipment processing, warehousing,

long and short-term storage, road and railroad access,

cargoes, including static, breakbulk and project cargo

services.

The company, a subsidiary of Höegh Autoliners, was acquired by

Amports, via its financial sponsor InstarAGF Asset Management,

through an LBO on December 3, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Hydroprocessing Associates Provider of specialized catalyst handling and reactor

maintenance services. The company has developed

specific equipment and techniques to effectively unload

catalysts for various reactors and processes using

advanced equipment, a trained workforce, and the

ongoing improvement of life support systems as well as

operating procedures that allow safe project execution in

a timely and efficient manner serving a broad range of

industries including oil and gas, exploration and refining,

petrochemical, mining, fertilizer plants, power plants and

utilities.

The company was acquired by Specialty Welding and

Turnarounds, via its financial sponsors ORIX Capital Partners and

Hastings Equity Partners through an LBO on December 28, 2020

for an undisclosed sum.

IMAGEN Brands Supplier of hard goods and imprinted products for

corporate brands. The company specializes in offering

products like rainwear, bags, drinkware, plushies and

coolers for a range of industries and markets including

education, finance, government, insurance, legal, health

and fitness.

The company was acquired by Koozie Group, via its financial

sponsor H.I.G. Capital, through an LBO on December 22, 2020

for an undisclosed sum.

Industrial Electric Motor Works Distributor and service provider of electric motor and

generator. The company offers repairs & maintenance for

drives, motors, generators, pumps, fans, controls and

gearboxes.

The company was acquired by Integrated Power Services, via its

financial sponsor Odyssey Investment Partners, through an LBO

on December 15, 2020 for an undisclosed sum.

Infolinx Provider of records management services based in

Kensington, Maryland. The company specializes in

offering physical and digital records management, file and

asset tracking, enabling global organizations to

successfully manage and protect their important physical

records.

The company was acquired by Gimmal, via its financial sponsor

Rubicon Technology Partners, through an LBO on December 1,

2020 for an undisclosed sum.

IntelliSite IoT Manufacturer and provider of advanced surveillance and

monitoring services and equipment based in California,

United States. The company offers technology

configuration, installation and event monitoring services

for a variety of applications, including public safety, traffic

control, theft detection and prevention, human access

and industrial as well as infrastructure maintenance.

The company received an undisclosed amount of development

capital from Capital Southwest on December 11, 2020. The

financing is intended to be used for acquisition purposes.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Intrepid Advisors Provider of tax consulting services regarding the federal

and state research and development tax credits intended

for manufacturing and technology companies. The

company specializes in providing research and

development tax credit, cost segregation, LIFO inventory,

§179d and §45l solutions nationwide.

The company was acquired by Source Advisors, via its financial

sponsor Gainline Capital Partners, through an LBO on December

8, 2020 for an undisclosed sum.

IPS Fund Services Provider of fund administration and accounting services

to small and mid-sized private equity and venture capital

funds. The company offers tailored, comprehensive back-

office solutions that relieve fund managers of the

administrative tasks associated with funds, providing

seamless, cost-effective and reliable administrative

support that help clients operate efficiently.

The company was acquired by Alter Domus, via its financial

sponsor Permira, through an LBO on December 21, 2020 for an

undisclosed sum. The strategic acquisition solidifies Alter

Domus' presence in North America, increases its scale and

capabilities significantly with an enhanced offering for clients

locally and globally.

JBR Environmental Services Provider of cleaning and other environmental services to

customers in the Southeastern United States. The

company offers a range of services including industrial

cleaning, waste management and disposal, tank removal

and assessment, sewer jetting, vacuum truck services to

its clients.

The company was acquired by VLS Recovery Services, via its

financial sponsor Aurora Capital Group, through an LBO on

Decmeber 3, 2020 for an undisclosed sum.

JCI Industries Provider of rotating equipment and process solutions for

the industrial and municipal markets in the midwestern

United States. The company operates as a leading

provider of pumps, motors, controls, field service,

remanufacturing work and engineered products for a

wide range of industries, including water and wastewater,

power, oil and gas, pipeline, pharmaceutical, pulp and

paper, chemical, food processing and other

manufacturing industries.

The company was acquired by OTP Industrial Solutions, via its

financial sponsor Genstar Capital, through an LBO on December

22, 2020 for an undisclosed sum. This acquisition of JCI further

expands OTP Industrial Solutions' regional footprint into the

Midwest and aligns with its growth strategy of providing current

and future customers in the Midwest with a familiar and trusted

solutions provider.

Jer-And Distributor of commercial products for the flooring

industry and architecture & design community. The

company specializes in offering flooring and flooring

installation products manufactured by various brands.

The company was acquired by Walcro, via its financial sponsor

WILsquare Capital, through an LBO on December 21, 2020 for

an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Jonathan Engineered Solutions Designer and manufacturer of highly-engineered linear

movement systems, enclosures and isolators for military,

aerospace, commercial technology and industrial

applications. The company's proprietary ruggedized

enclosure products safely house electronics hardware for

mission-critical communications, networking and

defensive systems while being built to withstand harsh

operating environments and customized to meet

demanding end-user requirements.

The company was acquired by JLL Partners through an LBO in

December 2020 for an undisclosed sum.

Kimbrough Fire Extinguisher

Company

Provider of fire protection and safety services based in

Mansfield, Texas. The company offers a range of services

including kitchen hood and suppression, vehicle fire

control, alarm and sprinkler monitoring to its clients.

The company was acquired by Summit Companies, via its

financial sponsors CI Capital Partners and PennantPark

Investment, through an LBO on December 2, 2020 for an

undisclosed sum.

King Electric Co. Supplier of electronic equipment based in Burlington,

North Carolina. The company offers a range of products

including wiring, lighting decor, floor lamps, window

blinds, interior accents and landscape lighting to its

customers.

The company was acquired by Aptus Group USA, via its financial

sponsor 3 Rivers Capital, through an LBO on December 23, 2020

for an undisclosed sum.

KM2 Solutions Provider of business process outsourcing services

throughout the Caribbean, Central and Latin America. The

company offers bilingual, technically sophisticated

personnel that provide solutions such as receivables

management, customer care, sales and back-office

support for clients in a diverse set of end-markets,

including auto finance, travel and hospitality and

healthcare sectors.

The company received an undisclosed amount of development

capital from H.I.G. Capital on December 22, 2020. Prospect

Capital purchased $25 million of first lien senior secured floating

rate notes issued to support the deal. As a result of the

transaction, the company was recapitalized.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

KMS Closeouts Distributor of closeout consumer products for retail and e-

commerce customers. The company operates as a

wholesaler of consumer product closeout, overstock and

factory refurbished merchandise alongside its own line of

sourced products that includes clothing, hardware,

housewares and small appliances, providing customers

the opportunity to purchase closeouts and special buys

with the comfort of a legitimate vendor.

The company was acquired by New State Capital Partners

through an LBO on December 2, 2020 for an undisclosed sum.

The company plans to leverage New State's resources to help

build out its logistics, sales and purchasing teams and

capabilities and to invest in technology that will enhance its

competitive position.

Labels West Provider of label printing services for the wine, spirits,

health and beauty, food and nutraceutical industries. The

company offers a diverse portfolio of capabilities

including flexographic and digital printing, extended

content, tamper-evident and promotional label solutions,

enabling clients to fulfill their requirements for labels and

tag products.

The company was acquired by Resource Label Group, via its

financial sponsors First Atlantic Capital and TPG Growth,

through an LBO on December 10, 2020 for an undisclosed sum.

The acquisition broadens Resource Label Group's presence in

the Pacific Northwest.

LoadPath Designer and developer of payload adapters, deployable

structures, and thermal products for the space industry.

The company specializes in the development and delivery

of advanced engineered products and services for launch

vehicles and satellite manufacturing and offers structural

testing and thermal services.

The company was acquired by Redwire (Aerospace), via its

financial sponsor AE Industrial Partners, through an LBO on

December 15, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

LSC Communications (PINX:

LKSDQ)

LSC Communications Inc is primarily a printing services

provider in the United States. It offers a broad scope of

traditional and digital print, print-related services and

office products. The company's operating segment

include Magazines, Catalogs and Logistics; Book; Office

Products; Mexico; Other and Corporate. It generates

maximum revenue from the Magazines, Catalogs and

Logistics segment. The Magazines, Catalogs and Logistics

segment primarily produces magazines and catalogs and

provides logistics solutions to the Company and other

third parties as well as also provides certain other print-

related services, including mail services. Geographically, it

derives a majority of revenue from North America and

also has a presence in Europe and Mexico.

The company was acquired by Atlas Holdings through a $440

million LBO on December 4, 2020. The transaction will be

supported by the company's existing secured creditors.

Lumin8 Transportation

Technologies

Provider of traffic and intelligent transportation systems

services and technology. The company provides

engineering services for traffic signal timing &

coordination, traffic signal designs, system

communications and also assists in traffic signal and

lighting installation, management and execution, traffic

signal and lighting maintenance, detailed equipment

health inspections, real-time maintenance and repairs

reporting thus helping its clients make adjustments to

meet demand during peak hours or during a special

event.

The company was acquired by Crest Rock Partners and its

management through an LBO on December 1, 2020 for an

undisclosed sum. This will support to fast-track the company's

planned expansion throughout the United States and to

accelerate the development of innovative products and services

for its customers.

Lynne Services Provider of pavement maintenance services to facilities

throughout the Southeastern United States. The company

specializes in asphalt maintenance including parking lot

layouts, restriping of existing parking lots, crack sealing,

hydro blasting, seal coating and asphalt repair.

The company was acquired by DH Striping, via its financial

sponsors Lincoln Road Global Management and Trivest Partners,

through an LBO on December 22, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Majestic Metals Manufacturer of precision sheet metals serving numerous

end markets, including analytical instruments, medical,

aerospace and defense, electronics and industrials. The

company offers design and manufacturing services with a

focus on low-to-mid volume production while also

providing support for designing, metal fabrication,

painting and screen printing to final assembly.

.

The company was acquired by Incodema3D, via its financial

sponsor CORE Industrial Partners, through an LBO on December

23, 2020 for an undisclosed sum.

Mapson Engineering Provider of precision graphic technologies for specialty

electronic applications. The company provides specialized

services in support of many prominent programs primarily

in the aerospace and defense industries.

The company was acquired by Fralock, via its financial sponsor

Arsenal Capital Partners, through an LBO on December 22, 2020

for an undisclosed sum.

Mid-State Lumber Wholesaler of building materials for the retail lumber

dealer. The company distributes PVC, fiber cement,

railing, porch flooring, clear & knotty boards, wood sliding

and stepping.

The company was acquired by U.S. Lumber Group, via its

financial sponsor Madison Dearborn Partners, through an LBO

on December 4, 2020 for an undisclosed sum.

Moulton Logistics Management Provider of fulfillment services for e-commerce and direct

response companies. The company operates as a third-

party fulfillment firm with a focus on e-commerce, direct

response marketplace, direct-to-consumer support, retail

distribution, and customer care services. In addition, it

also offers brands with web software solutions to manage

their marketing campaigns and operations.

The company was acquired by Amware Fulfillment, via its

financial sponsors Rotunda Capital Partners, Bratenahl Capital

Partners, Capital Southwest and Avante Capital Partners

through an LBO on December 23, 2020 for an undisclosed sum.

The acquisition makes the Amware, one of the nation's largest

privately held, national fulfillment companies and positions it to

meet rising e-commerce demand from consumers shopping

from home during the pandemic.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

NEOS (Management Consulting) Owner and operator of a business management

consultancy intended to help insurers design business

strategies and improve their operational performance in

real time. The company's services specialize in providing

database modernization, program budget re-forecasting,

product and program assessment, product development

process and governance modeling, sponsor coalition

planning, company culture trust analysis, process

investment evaluation, business process outsourcing,

robotic process automation and project and program

management, enabling insurance and financial service

industries to improve performance, increase efficiencies

and gain profitability.

The company was acquired by Capco Group, via its financial

sponsor Clayton, Dubilier & Rice, through an LBO on December

2, 2020 for an undisclosed sum.

Neptune Boat Lifts Manufacturer of the industrial-duty boat lift for marine

contractors and marinas. The company's offerings include

the dock, marine lifts and accessories markets while

accommodating all boat types, sizes and applications with

the help of certified structural engineers focusing its

design and manufacturing on product safety for the

marine industry.

The company was acquired by ShoreMaster, via its financial

sponsor Invision Capital, through an LBO on December 1, 2020

for an undisclosed sum.

New West Oil Company Distributor of lubricants, fuel and car care products to

dealerships, quick lubes and service centers. The

company offers lubricants, automotive chemicals and

flush service systems, automotive appearance products

and automotive maintenance programs with professional

sales, service writer and technician training

complemented by customer retention tools and

marketing solutions to help develop a comprehensive

service maintenance program that will increase both

service profitability and customer satisfaction.

The company was acquired by RelaDyne, via its financial

sponsors Audax Group and Antares Capital, through an LBO on

December 9, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

North American Pipeline Services Provider of water and sewer services to both the private

and public sectors. The company covers the full spectrum

of pipework from traditional sewer and stormwater

maintenance programs to a full range of trenchless

services including CCTV inspection and cleaning, pipe

bursting, manhole rehabilitation, CIPP lining and large

diameter geopolymer pipe to deliver cost-effective long-

term services.

The company was acquired by Vortex Companies, via its

financial sponsor Platform Partners, through an LBO on

December 23, 2020 for an undisclosed sum.

Northstar Aviation (FBO Assets at

Theodore Francis Green State

Airport)

Fixed-base operator assets at the Theodore Francis Green

State Airport, Rhode Island.

The FBO Assets of Northstar Aviation, were acquired by Lynx

FBO Network, via its financial sponsor The Sterling Group,

through an LBO on December 15, 2020 for an undisclosed sum.

Ozark Mountain Energy Distributor of motor fuel and propane supplying retail

outlets, trucking companies and other end users. The

company is a wholesale business of gasoline and diesel to

gas stations and convenience stores.

The company was acquired by Offen Petroleum, via its financial

sponsor Court Square, through an LBO on December 15, 2020

for an undisclosed sum.

Pacific Handy Cutter Designer and manufacturer and of specialized safety

cutting tools and replacement blades. The company's

products include self-retracting knives, safety grips,

specialty utility knives, tools, cutters and accessories that

are engineered to eliminate workplace injuries and

product damage, enabling its clients to standardize the

method of opening corrugated packaging in grocery,

retail, quick-service restaurant and industrial warehouse

operations.

The company was acquired by Bertram Capital Management

through an LBO on December 17, 2020 for an undisclosed sum.

PartCycle Technologies Developer of an e-commerce platform designed for auto

part industry. The company's modern and user-friendly

platform operates as an online marketplace for quality

recycled original equipment manufacturer (OEM) auto

parts which are tested by robust quality control

procedures, in order to enable customers to buy the

required auto parts.

The company was acquired by Original One Parts, via its

financial sponsor Kinderhook Industries, through an LBO on

December 17, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

PCI Pharma Services Provider of integrated pharmaceutical development

services to healthcare companies. The company provides

pharmaceutical services like analytical services,

formulation development, clinical trial supply, commercial

manufacturing and packaging as well as QP services,

supply chain management, storage and distribution to the

healthcare industry.

The company was acquired by Kohlberg & Company and

Mubadala Development Company through an LBO on December

1, 2020 for an undisclosed sum. The company received $ 1.2

billion debt financing in the form of a $125 million revolver

facility, a $920 million first lien loan and a $300 million second

lien loan from Jefferies Finance, Credit Suisse, Deutsche Bank

and Antares Capital to support this transaction

Plan Benefit Services Provider of employee benefits consulting, management

and brokerage services based in Columbia, South

Carolina. The company specializes in offering retiree

benefits, individual insurance, compliance management,

and wellness programs, committed to delivering

customized services to its clients.

The company was acquired by The Hilb Group, via its financial

sponsor The Carlyle Group, through an LBO on December 1,

2020 for an undisclosed sum.

Potters Industries Manufacturer of engineered glass materials serving oil

and gas industry, polymer additives, highway safety,

metal finishing, and conductive particle markets. The

company specializes in the production of engineered glass

materials that include hollow glass microspheres used as

weight-reducing fillers in fabricated plastics, automotive

body putties, as extenders in adhesives and

paints/coating formulations and are used as sensitizers in

industrial explosives and it also offers highway safety

marking glass beads and metal finishing beads.

The company, a subsidiary of PQ Group was acquired by The

Jordan Company through a $650 million LBO on December 14,

2020. Barclays Bank, Credit Suisse, Keybanc Capital Markets,

Antares Capital, MUFG Union Bank provided undisclosed

amount of debt financing in support of this transaction.

PrimeSource Building Products Distributor of construction fasteners and non-lumber

building products in North America. The company

specializes in the distribution of products that includes

nails, screws, collated fasteners, tools, compressors,

roofing products, gypsum, wire fencing and other

products.

The company was acquired by Clearlake Capital Group through

an LBO on December 31, 2020 for an undisclosed sum. The

acquisition will enable Clearlake Capital Group to expand its

portfolio in the specialty distribution sector by carrying out add-

on acquisitions.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Proactive Dealer Solutions Operator of a training and consulting company

specializing in the implementation and rehabilitation of

business development initiatives within automotive

dealerships. The company works with dealers to increase

their business without increasing their advertising

budgets, by maximizing the sales and service

opportunities that they currently have, improving

productivity and profitability through a better structure,

control and accountability of dealership operations.

The company received an undisclosed amount of development

capital from Capitala Group on December 10, 2020. As a result

of the transaction, the company was recapitalized.

ProctorU Provider of a full suite of online proctoring and identity

management services for academic, professional

development and certification organizations. The

company's on-demand exam development and delivery

platform utilizes artificial intelligence which increases

access to online learning, enabling students and test-

takers to complete their exams using only a computer,

webcam and an internet connection from nearly any

location while still ensuring the academic integrity of the

exam for the institution.

The company was acquired by Gryphon Investors through an

LBO on December 22, 2020 for an undisclosed sum. The

investment will allow the company to solidify its position and

accelerate growth, both organically and through strategic

acquisitions.

ProModel Government Services Provider of analytic software services to the Department

of Defense and Federal Government. The company's

mission-critical predictive and prescriptive analytic

software solutions visualize complex and disparate data,

synchronize operational needs, mitigate risk and optimize

resources to support strategic and tactical decisions.

The government services division of ProModel Corporation, was

acquired by NuWave Solutions, via its financial sponsor AE

Industrial Partners, through an LBO on December 22, 2020 for

an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

PVR Research Operator of research and testing facility based in Duluth,

Georgia. The company manages and operates the facility,

recruiting and support for a wide variety of qualitative

and quantitative research that includes taste tests,

sensory testing, focus groups, in-depth interviews, mock

jury, off-site intercepts, in-store intercepts, children

studies, telephone interviews/surveys, and consumer

goods and product testing.

The company was acquired by Curion, via its financial sponsor

Monroe Capital, through an LBO on December 4, 2020 for an

undisclosed sum.

Raydon Developer of virtual reality training technology for the

United States military. The company designs and develops

highly configurable operator stations and simulated

vehicles and weapons enabling effective virtual training

for warfighters providing full lifecycle solutions including

engineering, custom manufacturing and supply chain

management solutions in support of the DOD's virtual

training and simulation programs.

The company was acquired by By Light Professional IT Services,

via its financial sponsor Sagewind Capital, through an LBO on

December 4, 2020 for an undisclosed sum.

Reco Biotechnology Provider of non-hazardous wastewater treatment and

disposal services intended to clean the environment. The

company provides soil remediation, vacuum truck

services and disposal, wastewater and sludge treatment

and approved disposal and fuel recovery services in

Virginia, enabling clients to maintain a healthy

environment.

The company was acquired by Shamrock Environmental, via its

financial sponsor CenterOak Partners, through an LBO on

December 15, 2020 for an undisclosed sum.

Red Monkey Foods Provider of contract manufacturing services intended to

offer private label, organic spices and seasonings. The

company's services manage gourmet store brand flavor

programs for food, mass and specialty retailers through a

global organic supply chain, strong product development

capabilities and data-driven category management

expertise.

The company was acquired by Norwest Equity Partners through

an LBO on December 9, 2020 for an undisclosed sum. As a part

of the transaction, Varagon provided senior secured credit

facility; Norwest Mezzanine Partners provided subordinated

debt financing and Bank of Ireland provided debt financing.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Redwing Ecological Services Provider of a wide range of ecological assessment,

environmental engineering and NEPA compliance

services. The company is an ecological services firm

specializing in streamlining the permitting process for

wetland, stream and endangered species issues

supporting public and private development and mitigation

projects.

The company was acquired by Resource Environmental

Solutions, via its financial sponsor Kohlberg Kravis Roberts,

through an LBO on December 21, 2020 for an undisclosed sum.

Risked Revenue Energy

Associates

Provider of risk management consulting services in energy

hedging. The company provides analytics, hedge

execution, trade capture, valuation and reporting, hedge

programs that protect the value and accelerate growth by

transforming corporate price risk into a strategic

advantage

The company was acquired by AEGIS Hedging Solutions, via its

financial sponsors Baird Capital and Trilantic North America,

through an LBO on December 17, 2020 for an undisclosed sum.

RND Automation & Engineering Desiner and manufacturer of custom robotics, packaging

and assembly machinery for packaging and assembly

applications in the medical device, life sciences, and

consumer products sectors, among others. The company

specializes in dial indexing, linear motion, robotic

assembly, machine vision, horizontal & vertical form fill

and seal packaging machines and also offers platform-

agnostic robotics and vision systems integration, custom

& standard packaging and assembly automation

equipment.

The company was acquired by Saw Mill Capital through an LBO

on December 17, 2020 for an undisclosed sum.

RR Health Strategies Provider of medical coding, compliance and operational

excellence management consulting services based in

Hauppauge, New York. The company specializes in

offering a full suite of medical coding compliance-focused

and operational excellence management services to

health systems, academic medical centers, law firms, CPA

firms, billing vendors, private equity firms, and healthcare

practices.

The company was acquired by VMG Health, via its financial

sponsor Northlane Capital Partners, through an LBO on

December 8, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

RuckIt Developer of a collaborative logistics platform designed

for construction material producers, contractors, and

carriers to order, track and manage the movement of bulk

materials from plants to job sites. The company's

platform automates invoice processing and reconciliation,

optimizes the dispatch and routing of haulers and

streamlines transportation management, enabling asphalt

companies, haulers, general contractors and aggregate

producers nationwide to unlock massive savings from

their material transportation costs.

The company was acquired by Command Alkon, via its financial

sponsors Ares Capital and Thoma Bravo, through an LBO on

December 23, 2020 for an undisclosed sum.

Santa Fe Midstream (Gas

Gathering and Processing Assets)

Portfolio of plant, gas gathering pipelines and natural gas

liquids pipelines assets from Yoakum County, Texas. The

assets include 30-30 Gas Treating and Processing Plant,

low-pressure gas gathering pipelines, downstream

residue, and NGL lines. It also includes a long-term

acreage dedication from a San Andres oil and gas

producer.

The gas gathering and processing assets of Santa Fe Midstream

were acquired by Stakeholder Midstream, via its financial

sponsor EnCap Flatrock Midstream, through an LBO on

December 15, 2020 for an undisclosed sum.

Smith Hamilton Provider of equipment and security services for financial

institutions. The company offers installation, equipment

service, alarm monitoring, physical security, electronic

security and advanced solutions with expertise in retail

bank branches and credit unions.

The company was acquired by Convergint Technologies, via its

financial sponsor Ares Private Equity Group, through an LBO on

December 2, 2020 for an undisclosed sum.

SOS Self Storage Operator of a climate-controlled and storage unit based in

Noblesville, Indiana. The company specializes in

temperature-controlled and storage units along with

parking for recreational vehicles and boats.

The company was acquired by StorageMart, via its financial

sponsor Cascade Investment, through an LBO on December 18,

2020.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Spectrio Operator of an end to end technology-enabled customer

engagement marketing firm intended to help clients

deliver effective marketing messaging to their end users.

The company operates as a provider of customer

engagement services offering on-hold messaging, digital

signage, interactive kiosks, wifi marketing, in-store music

and scent marketing to an industry base ranging from

small and medium businesses to enterprise level rollouts,

serving over 100,000 locations world-wide, enabling

businesses and corporate clients to engage and interact

with their customers and achieve their marketing goals.

The company was acquired by The Jordan Company through an

LBO on December 15, 2020 for an undisclosed sum.

SpeedClean Manufacturer of maintenance tools for residential and

light commercial HVAC professionals. The company

provides HVAC maintenance and coil cleaning tools such

as portable and rechargeable coil cleaning systems, tablet-

based coil cleaners and portable cleaning systems for

tankless water heaters and mini-splits.

The company, a subsidiary of Goodway Technologies, was

acquired by DiversiTech, via its financial sponsor Permira,

through an LBO on December 15, 2020 for an undisclosed sum.

StampSource Provider of metal fabrication and stamping services based

in Charlotte, North Carolina. The company uses in-house

tool and die and design capabilities to offer metal

stamping and fabrication, laser cutting, CNC stamping,

metal forming, welding, tool and die support and other

services.

The company, a subsidiary of Power Partners, was acquired by

Phoenix Stamping Group, via its financial sponsor JBA Capital,

through an LBO on December 14, 2020 for an undisclosed sum.

Stein Steel Mill Services Provider of slag processing and steel mill-related products

and services to steel producers. The company's full-

service operations enable metal producers to handle a

range of steel mill processing services such as slag

removal and metallics reclamation, scrap handling, scrap

management, recycling, raw material screening, material

handling, and maintenance and repair services.

The company was acquired by TMS International, via its

financial sponsors DNS Capital and The Pritzker Organization,

through an LBO on December 31, 2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Stericycle Expert Solutions Provider of remediation and product recall services in the

United States, United Kingdom and Canada. The company

offers strategic planning, streamlined customer

interactions, retrieval, reverse logistics, call center and

other services, enabling businesses to manage the risks

and minimize the impacts of business and product crises.

The company, a subsidiary of Stericycle, was acquired by

Sedgwick Claims Management Services, via its financial

sponsors The Carlyle Group, Ardian and ONEX, through an LBO

on December 2, 2020 for an undisclosed sum.

Steven H. Gentry & Associates Operator of a litigation services court reporting firm in

Texas. The company specializes in deposition coverage,

draft and condensed transcripts, statewide process and

subpoena/citation service, court filings, legal videography

and document reproduction, scanning and imaging.

The company was acquired by Lexitas, via its financial sponsor

Apax Partners, through an LBO on December 15, 2020 for an

undisclosed sum.

Swiss Precision Machining Manufacturer of consumable instrument components

utilized in robotic surgery and other high technology end

markets. The company offers CNC swiss screw machined

tight tolerance micro components and accessories,

prototyping, engineering, assembly, among others.

The company was acquired by Vander-Bend Manufacturing, via

its financial sponsor Aterian Investment Partners, through an

LBO on December 7, 2020 for an undisclosed sum.

Talent Function Operator of a human resource management consultancy

intended to facilitate the evolution of the corporate

staffing function. The company offers talent acquisition

structure and design, requirement solicitation, change

management, and other associated services to leading

global organizations, helping them with coherent

strategies, leading recruiting technology, effective

business processes, and deployments, to deliver ROI and

business performance.

The company was acquired by Cielo (Wisconsin), via its financial

sponsor Permira through an LBO on December 3, 2020 for an

undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

The Atlas Developer of an online community platform intended to

transform flat marketing materials into interactive,

evergreen case studies. The company's platform allows

users to share success stories, learn what's working in

other cities, build relationships with partners and source

new tools and partners, enabling local government

officials and implementing partners to make their cities

safer, smarter and more sustainable.

The company was acquired by Government Executive Media

Group, via its financial sponsor Growth Catalyst Partners,

through an LBO on December 3, 2020 for an undisclosed sum.

The Income Tax School Provider of e-learning to tax, accounting and financial

services professionals based in Glen Allen, Virginia. The

company also offers a career center, an internship

program, retreats for tax business owners and tax

practice Management manuals to help people get into the

tax preparation industry and assist those who are already

in the tax business.

The company was acquired by KnowFully Learning Group, via its

financial sponsor NexPhase Capital, through an LBO on

December 1, 2020 for an undisclosed sum.

The Ridgefield Supply Supplier and dealer of building products based in

Ridgefield, Connecticut. The company offers a range of

product mixes including lumber, paint, windows, doors,

millwork, decking and interior and exterior trim to its

clients.

The company was acquired by US LBM Holdings, via its financial

sponsor Kelso Private Equity, through an LBO on December 1,

2020 for an undisclosed sum.

The Shadowlight Group Provider of commercial photography and visual graphic

designing services based in Leola, Pennsylvania. The

company offers a range of services including computer-

generated imagery, photography, stock sets, video editing

and soundstage rental, committed to making the clients'

visions a reality.

The company was acquired by TC Studios, via its financial

sponsor 24/6 Capital Partners, through an LBO on Decmeber 14,

2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

The Vincit Group Operator of vertically-integrated organization of member

companies intended to provide a single-source solution

for chemical services, contract management and

automation and engineering solutions. The company

specializes in a range of services including customized

chemical support, specialized logistics and outsourced

services including professional plant sanitation

management, continuous training and facilities

wastewater management, enabling clients to focus on

their core businesses.

The company was acquired by Harvest Partners through an LBO

on December 15, 2020 for an undisclosed sum.

Toll Global Logistics (United

States Operations)

Provider of logistics services based in the United States. The business operations of Toll Global Logistics were acquired

by Taylored Services, via its financial sponsors Siguler Guff &

Company and Saybrook Capital, through an LBO on December

17, 2020 for an undisclosed sum.

Traffic Safety Rentals Provider of traffic safety equipment and worksite traffic

control services in Utah and New Mexico. The companies

provide traffic equipment from high-tech message boards

to traditional signs and barricades and also offer stands,

vertical panels, barricades, light plants, message and

arrow boards on a rental basis. It also provides pavement

marking services including thermoplastic application as

well as paint and also installation, inspection and

maintenance of all traffic control devices on the project to

its clients.

The companies were acquired by Area Wide Protective, via its

financial sponsors Audax Group and The Riverside Company,

through an LBO on December 2, 2020 for an undisclosed sum.

The addition of these companies as well as the opening of nine

new Area Wide Protective facilities during 2020, extends its

operations to more than 100 facility locations in 23 US states

and four Canadian provinces.

Treecology Provider of tree and landscape maintenance services

based in Golden Valley, Minnesota. The company

specializes in maintaining commercial and residential

landscapes and operates with a focus on client education

and involvement in the tree and shrub care process in

addition it offers services including tree and shrub

planting, pruning, cabling, removals, mulching, PHC

treatments for insects, mites and disease, application of

fertilizers, biostimulants and growth regulators to keep

client properties beautiful, safe and protected.

The company was acquired by SavATree, via its financial

sponsor CI Capital Partners, through an LBO on December 7,

2020 for an undisclosed sum.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Trench Plate Rental Provider of trench safety and traffic-control systems to

the underground construction and other infrastructure-

related industries. The company offers trench and

manhole shields, trench plates, boxes, shoring equipment,

traffic-control message boards and barriers to utilities and

contractors who are maintaining, upgrading and replacing

aging infrastructure.

The company was acquired by Tailwind Capital through an LBO

on December 3, 2020 for an undisclosed sum.

Tri-County Building Supplies Distributor of building materials serving contractors in the

Southern New Jersey area. The company offers lumber

and specialty building materials, including roofing, siding,

wallboard, insulation, millwork, hardware, cabinetry,

interior and exterior doors, windows and stair rail

installation, to professional customers and homeowners.

The company was acquired by US LBM Holdings, via its financial

sponsor Kelso Private Equity, through an LBO on December 17,

2020 for an undisclosed sum.

United Laser Provider of managed print services and related hardware

and software for small, medium and large organizations

including hospitals, banks, universities and corporations in

the United States. The company provides a variety of

printers and office supplies in the industry including OEM,

compatible and remanufactured products and the

company's print management system will enable clients

to manage, service and supply their printers and MFP's

thus allowing them to gain control, improve efficiencies,

manage costs and focus on their core business.

The company was acquired by Novatech (IT Services), via its

financial sponsor Trivest Partners, through an LBO on December

18, 2020 for an undisclosed sum.

US LBM Holdings Distributor of specialty building materials to residential

and commercial construction end markets. The

company's portfolio of products includes windows, doors,

millwork, roofing, siding, cabinetry and wallboard, as well

as wood products intended for home-builders and

specialty contractors.

The company was acquired by Bain Capital through an

estimated $2.5 billion LBO on December 18, 2020. Barclays,

Bank of America, Royal Bank of Canada, Truist, Credit Suisse,

Deutsche Bank and Siemens provided $2.7 billion debt financing

in the form of a $500 million asset based revolver credit line, a

$1.3 billion term loan B, a $300 million delayed drawn term loan

and a $550 million senior debt in support of this transaction.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

VA Forensics Provider of biomechanical and accident reconstruction

forensic engineering services. The company specializes in

biomechanical injury analysis, accident reconstruction,

human factors, slip trip and falls.

The company was acquired by Forensic Engineering Services, via

its financial sponsor Trinity Hunt Partners, through an LBO on

December 22, 2020 for an undisclosed sum.

Viper Northwest Manufacturer of precision fabricated, machined parts and

assemblies serving wafer processing, transportation,

medical, aerospace, light industrial, electronics, consumer

goods and automation industries. The company offers full

engineering support, prototyping, fabrication, milling,

turning, testing and assembly of vertical and horizontal

machining, CNC Turning and wire EDM.

The company was acquired by Precinmac, via its financial

sponsors Pine Island Capital Partners, Compass Partners and

Bain Capital Credit through an LBO on December 15, 2020 for an

undisclosed sum.

Wakely Actuarial Operator of an insurance-focused actuarial consulting

business catering to the life and health market. The

company provides actuarial, regulatory compliance,

valuation for financial reporting and renewal commission

and risk management consulting services.

The company was acquired by Davies Group, via its financial

sponsors Alberta Investment Management and HGGC, through

an LBO on December 17, 2020 for an undisclosed sum.

Weber Logistics Provider of logistics services to grocery, confectionery,

beverage, chemical and consumer packaged goods

markets. The company's expertise includes freight

management, LTL and TL services including temperature-

controlled, dedicated and shared warehousing,

distribution, cross-docking/pool distribution, trans-

loading, network optimization and analysis. It also offers

retail compliance, order fulfillment, material handling,

supply chain management, real estate development and

personnel staffing to various industries.

The company was acquired by Stellex Capital Management

through an LBO on December 10, 2020 for an undisclosed sum.

The company was recapitalized through this transaction.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]

Business Products and Services Deals for December 2020

Company Name Description Deal Synopsis

Westcor Land Title Insurance

Company

Provider of insurance underwriting services in Maitland,

Florida. The company's platform offers national lender

services, auditing, commercial marketing and training of

underwriter which focuses on agent support, provide

direct access to underwriting staff with no complicated

phone menus, enabling customers to get access to the

desired capital at affordable interest rates.

The company was acquired by The Orogen Group, via its

financial sponsor Atairos, through an LBO on December 3, 2020

for an undisclosed sum.

Wincraft Manufacturer of licensed and promotional hardgoods and

non-apparel products for retailers, professional sports

teams, concessionaires, colleges, businesses, distributors,

and schools. The company's product line includes home,

office and automotive sports-themed merchandise, such

as clocks and banners, bumper stickers, koozies, towels,

magnets, banners and signs.

The company was acquired by Fanatics, via its financial sponsors

Franklin Templeton Investments, Insight Partners, Neuberger

Berman, Temasek Holdings, SoftBank Investment Advisers,

Fidelity Management & Research and Silver Lake Management

through an LBO on December 7, 2020 for an undisclosed sum.

Yesterdays Sportswear Provider of screen-printing services to the resort and wine

industry. The company offers garment printing and

embroidery services across California and Florida.

The company was acquired by Lakeshirts, via its financial

sponsor Carlson Private Capital Partners, through an LBO on

December 1, 2020.

Zayo Group Holdings (zColo Data

Center Assets)

Portfolio of 44 data centers in 20 markets across the

United States and Europe. The co-location data centers

provide a sharing option where companies buy their own

cloud servers and equipment and rent space in the

center, which provides technical support, cooling, security

and other services.

The data center assets of Zayo Group were acquired by

DataBank , via its financial sponsors Brookside Equity Partners,

Colony Capital, Teachers Insurance and Annuity Association of

America and Allstate Investments, through a $1.4 billion LBO on

December 15, 2020.

Cook M&A Advisory Services

212 W Kinzie Street, Ste. 600

Chicago, IL 60654

Arnis Kins

Managing Director(312) 755-5615

[email protected]