Tracked deals
11
11 tracked deals across 2018.
Recapitalizations in 2018
Buyer mix
PE-led
11 pe · 2 investor
Top trend
Volume peaked in 2021
264 tracked deals announced in 2021.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Baum Capital Partners | 1 | Private investment firm providing equity capital and stra... | PE |
| CenterOak Partners LLC | 1 | Dallas-based private equity firm focused on control-orien... | PE |
| Great Hill Partners | 1 | Growth‑oriented private equity firm focused on investment... | PE |
| Industrial Growth Partners | 1 | Specialist middle-market private equity firm focused on i... | PE |
| Latticework Capital Management | 1 | Growth-oriented private equity firm focused exclusively o... | PE |
| Montlake Capital | 1 | Pacific Northwest-based growth equity firm that targets l... | PE |
| NexPhase Capital, LP | 1 | Sector-focused private equity firm targeting lower middle... | PE |
| Pelican Energy Partners | 1 | Houston-based private equity firm focused on investments ... | PE |
| Summit Park | 1 | Private investment firm focused on lower middle market in... | PE |
| Tree Line Capital Partners | 1 | Private credit asset manager focused on direct lending an... | Investor |
Acquisition Volume in Recapitalizations in 2018 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 17, 2018
- Buyer
- Industrial Growth Partners
- Target
- Redco Group
- Seller
- Redco management, Founder and CEO Steve Forberg
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Type
- Recapitalization
Industrial Growth Partners (IGP) recapitalized Redco Group in partnership with Redco's management on December 17, 2018. Redco, headquartered in Edmonton, Alberta, is a leading independent provider of pressure control equipment, wellhead and frac completion products and associated manufacturing and field services to oil and gas operators across Western Canada.
-
November 15, 2018
- Buyer
- Latticework Capital Management
- Target
- Xpress Wellness Urgent Care
- Industry
- Healthcare Services
- Location
- Oklahoma, United States
- Type
- Recapitalization
Latticework Capital Management, a Dallas-based healthcare-focused private equity firm, has completed a recapitalization of Xpress Wellness Urgent Care, the largest urgent care provider to secondary markets in Oklahoma and Kansas. Financial terms were not disclosed; Xpress operates ten locations, employs roughly 130 professionals, and offers urgent care, primary care, occupational medicine and related services.
-
November 14, 2018
- Buyer
- WindRose Health Investors, LLC
- Target
- Traditions Behavioral Health
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Recapitalization
Funds managed by WindRose Health Investors completed a recapitalization of Traditions Behavioral Health (TBH), a West Coast provider of permanent outsourced physician psychiatric services. WindRose partnered with TBH's executive team (founder and CEO Gary A. Hayes remains in place) to provide growth capital to expand into new U.S. markets, broaden services and increase its network of psychiatrists.
-
November 1, 2018
- Buyer
- CenterOak Partners LLC
- Target
- GNAP
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Recapitalization
CenterOak Partners, a Dallas-based private equity firm, completed a majority recapitalization of GNAP, a Grand Rapids, Michigan-based specialty distributor of industrial abrasive products, equipment and specialty ceramics. CEO Michael Currie and the existing management team will remain in place as CenterOak partners with the company to support geographic expansion and growth of its product suite; terms were not disclosed.
-
October 1, 2018
- Buyer
- Varsity Healthcare Partners
- Target
- Probo Medical, LLC
- Seller
- Probo Medical shareholders and executive team
- Industry
- Medical Devices
- Location
- Indiana, United States
- Type
- Recapitalization
Varsity Healthcare Partners completed a joint recapitalization and growth capital partnership with Probo Medical, a vertically-integrated reseller of refurbished ultrasound systems and probes. Probo's founder and CEO David Trogden will remain in place as the company partners with VHP to accelerate growth through strategic acquisitions and expanded global procurement and sales capabilities.
-
August 28, 2018
- Buyer
- Baum Capital Partners, Tree Line Capital Partners
- Target
- Goettl Air Conditioning
- Industry
- HVAC & Mechanical
- Location
- Nevada, United States
- Type
- Recapitalization
Baum Capital Partners has partnered with Goettl Air Conditioning CEO Ken Goodrich to complete a recapitalization of Goettl, a leading residential HVAC and plumbing services provider headquartered in Las Vegas. The deal includes an equity co-investment from Tree Line Capital Partners and debt financing from Tree Line and Bridge Bank, with capital intended to accelerate Goettl's U.S. expansion and support organic growth and strategic acquisitions.
-
June 26, 2018
- Buyer
- Montlake Capital
- Target
- Fast Water Heater Company
- Industry
- HVAC & Mechanical
- Location
- Washington, United States
- Type
- Recapitalization
Montlake Capital completed a recapitalization and strategic investment in Fast Water Heater Company, a Bothell, Washington-based provider of residential and commercial water heater and plumbing services. The transaction will provide growth capital and strategic guidance to scale the business while keeping Jason Hanleybrown in his role as CEO.
-
May 28, 2018
- Buyer
- Pelican Energy Partners
- Target
- Lodestar International, LLC, MaxWell Downhole Technology Limited
- Industry
- Oil & Gas
- Location
- Texas, United States
- Type
- Recapitalization
Pelican Energy Partners has completed a majority recapitalization of Lodestar International and is combining Lodestar with Aberdeen-based MaxWell Downhole Technology, providing growth capital to support greater rental-tool availability, improved service and faster product development. Lodestar will assume operational functions for the combined business as the group scales DWD (dynamics-while-drilling) tool rental, services and technology development across North America and internationally.
-
- Buyer
- Great Hill Partners, Vatica Health leadership team
- Target
- Vatica Health
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Recapitalization
Great Hill Partners completed a majority recapitalization of Vatica Health, with participation from Vatica’s leadership team. The investment will support geographic expansion, sales and marketing growth, and product development to scale Vatica’s provider-centric risk adjustment and clinical quality platform.
-
March 15, 2018
- Buyer
- NexPhase Capital, LP
- Target
- Gulf Coast Pain Institute
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Recapitalization
NexPhase Capital has recapitalized Gulf Coast Pain Institute (GCPI); Brown Gibbons Lang & Company served as exclusive financial advisor. The investment launches a national interventional pain management platform called Clearway Pain Solutions Institute that will pursue acquisitions and organic growth across the U.S.; GCPI (founded 2013) operates 11 locations in northwest Florida and offers interventional and non-interventional pain management plus ancillary services.
-
February 8, 2018
- Buyer
- Summit Park
- Target
- Fast Growing Trees, LLC
- Industry
- E-Commerce
- Location
- South Carolina, United States
- Type
- Recapitalization
Charlotte-based private equity firm Summit Park completed a recapitalization of Fast Growing Trees, LLC, a Fort Mill, South Carolina–based direct-to-consumer e-commerce retailer of trees and shrubs. The transaction will support the company’s growth initiatives—including supplier expansion and digital marketing optimization—while providing partial liquidity and capital to accelerate expansion.
Full Export
Purchase this data
Get the full acquisitions list for this page as CSV + XLSX.
Build a buyer list for your deal
Turn recent acquisition activity into a targeted buyer workflow.