Professional Services Acquisitions in 2020

Riata Capital Group completed a recapitalization of Greenix Pest Control in partnership with CEO Bob Nilsen and the company's management team. Greenix is a subscription-based residential pest control platform operating in 14 markets across the Midwest, Mid-Atlantic and Eastern United States; Riata plans to support the company's continued expansion and pursue synergistic add-on acquisitions.

Remsen Technologies LLC announced a definitive agreement to acquire Maid Sailors and its affiliates for $10,000,000, with the transaction expected to close in Q1 2021. Maid Sailors, headquartered in New York City, is a professional home and office cleaning service operating in New York, New Jersey, Massachusetts, Illinois and Florida; Remsen said it will leverage its ownership, technology and resources to scale and enhance Maid Sailors' service delivery.

La Patria, a portfolio company of A&M Capital Europe, has acquired Vigilanza Sevi S.r.l., a family‑owned Italian provider of alarm monitoring and security patrolling services. The add‑on expands La Patria’s scale and service footprint in Northern Italy and allows SEVI to benefit from La Patria’s technology investments and broader platform resources.

Doxim, a customer communications management (CCM) and engagement technology provider, has acquired Laser Print Plus, a specialist in regulated customer communications and print/mail services. The deal expands Doxim's regulated CCM capabilities and provides Laser Print Plus customers access to Doxim's omnichannel software and managed services.

eClerx Services Limited acquired Eclipse Global Holdings LLC ("Personiv"), an Austin-based business process management and outsourced accounting provider. The acquisition, which closed on December 23, 2020 and was funded with cash on hand, adds over 2,000 employees and three delivery centers, expanding eClerx's finance & accounting, digital, and customer operations capabilities and broadening its delivery footprint in India and the Philippines.

Corridor Capital has made a platform investment in CEO Warrior, a New Jersey–headquartered provider of subscription-based business training and implementation services for contractor services businesses, in partnership with the company’s management. True West Capital Partners also participated alongside Corridor, with Comerica Bank providing a senior credit facility to support the transaction; management founders Michael Agugliaro and Robert Zadotti remain material owners and will continue in leadership roles.

H.I.G. Capital (through an affiliate) made a growth equity investment in KM2 Solutions to support the BPO provider’s continued expansion across the Caribbean and Latin America and to fund investments in next-generation customer experience technologies. The deal leaves KM2’s management team in control and aims to accelerate the company’s nearshore contact center growth into high‑growth markets.

Owner Resource Group (through ORG Opportunity Fund III, LP and an affiliate) has invested in Bill Gosling Outsourcing, a Newmarket, Ontario-headquartered, technology-enabled business process outsourcing (BPO) provider. ORG will support the company's organic growth and pursue acquisitions to expand Bill Gosling’s footprint across North America and other global markets; Bill Gosling operates nine global facilities and employs over 2,100 people.

Securitas AB has acquired FE Moran Security Solutions for approximately USD 82 million, strengthening Securitas' electronic security capabilities and density in the U.S. Midwest. FE Moran provides electronic security systems integration, installation, maintenance and UL-listed alarm monitoring with a sizeable recurring monthly revenue base; the deal is expected to be accretive and consolidated into Securitas from December 16, 2020.

Cimbria Capital has acquired Madeira Global, an ESG advisory, analytics and reporting firm. The deal brings Madeira's ESG expertise and founder Christina Alfonso into Cimbria to strengthen the firm's ESG integration across investment diligence and portfolio management.

NatureTrak, a Sacramento-based provider of enterprise risk management software for cannabis banking, has acquired Copacetic Strategies, a Colorado-based compliance and AML advisory firm that assists financial institutions with cannabis banking programs. The acquisition expands NatureTrak's compliance, risk mitigation and transaction verification capabilities to better support banks and other financial institutions serving the cannabis industry.

Berkshire Partners has completed a recapitalization of FoodChain ID, acquiring the company from Paine Schwartz Partners. The transaction positions FoodChain ID to pursue its next phase of growth — including strategic add-on acquisitions and expanded global food safety, testing and sustainability offerings.

Charterhouse Capital Partners has agreed to make a minority investment in Lane Clark & Peacock LLP (LCP), partnering with LCP’s Partner group to acquire the minority stake held by Inflexion. LCP’s Partners will increase their own stake; the transaction is intended to support LCP’s continued organic growth and to accelerate expansion of its analytics and technology capabilities.

ettain group, a portfolio company of Alvarez & Marsal Capital, has acquired Centerline Partners, a life-sciences-focused management consulting firm with offices in Beverly, MA and Bridgewater, NJ. The deal expands ettain group's consulting capabilities and strengthens its presence in the life sciences market.

Baird Capital has made a growth investment in HSP Group, a technology-enabled business services firm that provides finance, tax, legal and HR support to companies expanding internationally. The capital will help HSP Group launch and accelerate its operations and expand its service offerings across the US and Europe.

Sedgwick has acquired Stericycle's Expert Solutions service line, bringing market-leading recall, remediation and retention capabilities in-house. The acquisition adds more than 300 employees across the U.S., Canada and Europe and expands Sedgwick's integrated offerings for clients in automotive, food & beverage, medical devices, retail, pharmaceuticals and consumer products sectors.

TCDI, a Greensboro-based provider of eDiscovery, litigation management and cybersecurity services, has acquired Cicayda LLC and will integrate Cicayda's iDiscovery platform and social media collection tool Novara into its technology suite. The deal is an add-on acquisition to TCDI (which is backed by Trivest Partners) intended to broaden TCDI's eDiscovery, managed review and cybersecurity capabilities.

CBIZ, Inc. acquired substantially all the assets of BeyondPay, Inc., a Clinton, New Jersey-based full-service human capital management and payroll provider, effective December 1, 2020. The acquisition adds ~40 employees and ~$4.6 million in annual revenue to CBIZ's HR and payroll capabilities to accelerate growth in its Centrally HR practice.

Access, the world’s largest privately-held records and information management services provider, completed six U.S. acquisitions—Hansen Records Management; SafeGuard Destruction; the records storage business of DataSafe, Inc.; PRIMCO; Insight Storage Solutions; and the records storage business of Beverly Hills Transfer & Storage—expanding its footprint in Milwaukee, Boston, Portland, Beaumont, Minneapolis and Los Angeles. The deals increase Access’s regional market share, customer base and service capabilities across records storage, secure destruction and digital transformation offerings.

Lexitas, a portfolio company owned by funds advised by Apax Partners, has acquired Marshall's Business Records, a Corpus Christi, Texas-based provider of medical record retrieval services with a satellite office in San Antonio. The acquisition is an add-on for Lexitas to deepen its record retrieval capabilities and expand market share in South Texas; Marshall's was founded in 1999 by Karren Marshall.

a360inc, a portfolio company of Knox Capital, has acquired Express Notary Services (ENS), a national notary and signing services provider based in Irvine, California. The acquisition adds ENS' CloseClear signing technology and expands a360inc's lender, legal and settlement services capabilities, including remote online notarization (RON) solutions.

Technical Safety Services, LLC (TSS), a provider of testing, certification and calibration services for controlled environments, has acquired Wisconsin Air Flow, Inc. (WAFI), a cleanroom testing and certification provider serving medical and pharmaceutical customers in and around Green Bay, Wisconsin. The deal is an add-on to TSS’s platform (operating under Technical Solutions Holdings) and expands TSS’s Midwest presence and service capabilities.

TTC Group has acquired Licence Bureau, a Hemel Hempstead–based provider of driving licence checking and document verification services, in a strategic add-on to expand its corporate fleet customer base and enhance compliance capabilities within its Continuum platform. The deal is supported by Palatine Private Equity (which backs TTC Group) with acquisition funding provided by Santander and HSBC.

The National Safety Council (NSC) has acquired ORC HSE Strategies, LLC to bolster its workplace safety consulting, membership networks and thought leadership offerings. ORC HSE will integrate into NSC's Workplace Practice Area to expand on-the-ground consulting, benchmarking, training and networking services for employers nationally and globally.

Insight Service Group (ISG) has acquired Social Detection LLC to expand and complement ISG's Social Media Technology platform. The deal combines ISG's national investigation, medical and record management capabilities with Social Detection's social media analytics and fraud-detection technology to enhance services for insurance and legal clients; terms were not disclosed.

Marlowe plc has acquired Cheshire-based employment law and HR services provider Ellis Whittam from LDC, marking LDC's exit after a four-year minority investment. Ellis Whittam — which provides employment law, HR and safety compliance subscription services to over 35,000 UK employers — will retain its brand and CEO Gavin Snell as it becomes Marlowe's platform for growth in employment law, HR and safety compliance.

Levine Leichtman Capital Partners (LLCP) acquired Ducares B.V., which trades as Triskelion, from First Dutch Innovations. Triskelion is a Utrecht‑based specialist in high‑end food and feed testing and compliance services; LLCP will support growth initiatives and develop the business as a niche platform under its Europe II fund.

Gryphon Strategies has acquired Los Angeles-based Cowley Advisory Group to expand its West Coast presence and broaden its investigations, litigation support and business intelligence capabilities. Tom Cowley will remain as a Senior Advisor for one year and then join Gryphon's Advisory Board, while Nicole Moss will join Gryphon as a Partner in the litigation support and investigations practice.

Shoreline Equity Partners has partnered with Bay Area Pools and Spas Holdings, LLC (operating as Pool Troopers) in a recapitalization to provide growth capital and support an aggressive add-on acquisition strategy. Pool Troopers, headquartered in Tampa, Florida, will continue to be led by CEO Gary Crayton and President Dave Hahmann, who will retain a significant ownership stake while leveraging Shoreline's capital and integration expertise to expand across the Sunbelt.

Twin Point Capital LLC has purchased a controlling interest in Frontpoint Security, a U.S.-based provider of DIY home security and smart home technology. The private investment will provide Frontpoint with capital and strategic guidance to support technological innovation, service reliability and customer experience enhancements; terms were not disclosed.

Altamont Capital Partners made an equity investment in Cornerstone Advisors, a Scottsdale-based provider of advisory services to mid-size banks and credit unions. The founders Scott Sommer and Steve Williams remain as CEO and President, and the capital will support Cornerstone’s investments in employees, data-powered offerings and internal infrastructure to accelerate growth.

An affiliate of Roark Capital Management LLC has acquired ServiceMaster Brands from ServiceMaster Global Holdings for $1.553 billion. The transaction separates the franchised restoration and cleaning portfolio (ServiceMaster Brands) from the remaining business, which was renamed Terminix Global Holdings; Roark intends to leverage its franchising expertise to grow the platform, and Elane Stock will become CEO of ServiceMaster Brands.

Benefit Resource, LLC (BRI) has acquired Minneapolis-based 121 Benefits, a provider of pre-tax benefits and COBRA administration services. The deal — BRI’s first acquisition since its 2019 strategic partnership with CIP Capital — strengthens BRI’s Midwest presence and gives 121 Benefits access to BRI’s administrative and payment technology.

MSouth Equity Partners, an Atlanta-based private equity firm, has closed an investment in iBenefit Communication, a Charlotte-based benefits communication, engagement, and enrollment services provider. The partnership is intended to help iBenefit scale its sales, operational, and financial processes and accelerate growth.

Authentix, a provider of authentication and brand protection solutions, acquired the Traceless Authentication Group from Bibliotheca, Inc. The acquisition adds Traceless's covert marking hardware, vision inspection systems and its cloud-based Traceless Brand Protection Cloud track-and-trace software to Authentix's product portfolio to expand its brand protection and digital tracking capabilities.

Agility Recovery, a portfolio company of LLR Partners, has acquired Chicago-based Recovery Solutions, a provider of FFIEC-compliant business continuity and recovery services for banks and credit unions. The deal expands Agility’s industry-specific capabilities by adding audit-ready compliance testing, technical integrations with core processors, and mobile banking recovery units; Recovery Solutions’ CEO Rick Lavin will join Agility to support the transition.

Accenture has acquired N3, an Atlanta-based tech-enabled B2B sales and demand-generation firm, from RedBird Capital Partners. The acquisition brings N3's AI/ML-powered sales capabilities and roughly 2,200 employees into Accenture Operations to enhance Accenture's SynOps platform and deepen client sales interactions.

Gridiron Capital has acquired AML RightSource from Clarion Capital Partners, partnering with AMLRS founders and management to drive the company's next phase of growth. AML RightSource, headquartered in Cleveland, Ohio, is a leading outsourced provider of AML, KYC and BSA compliance solutions with over 1,000 employees serving banks and non-bank financial institutions across North America.

Hg has exercised an option to re-invest in The Citation Group, acquiring a co-controlling stake and partnering with KKR to support the company’s next phase of growth. The investment backs Citation’s tech-enabled, subscription-based HR, employment law, health & safety and ISO services to thousands of UK SMEs; terms were not disclosed.

Ocorian has acquired Newgate Compliance, a London-based compliance consultancy and hosted regulatory solutions provider for fund managers. The acquisition strengthens Ocorian's UK funds service offering by adding compliance consulting and the GATEway hosted regulatory platform, allowing Ocorian to provide end-to-end administration and regulatory services to asset managers.

OneDigital has acquired Resourceful HR, a Seattle-based human resources consulting firm led by Jennifer Olsen, to expand its HR consulting footprint in Washington and the Northwestern United States. The deal integrates Resourceful's HR expertise with OneDigital's broader benefits, retirement and HR technology capabilities to provide a more holistic advisory offering to regional clients.

ZEDRA has acquired Fitzgerald & Law (F&L), a London-based global expansion and corporate services adviser, together with the Global Expansion Advisory Network (GEA Network). The deal strengthens ZEDRA’s corporate services capability and London presence (adding F&L’s London team of 70+ and a Romania support team), while preserving F&L’s San Francisco office to support US West Coast business development.

EQT Public Value, advised by EQT Partners, has acquired 10 million shares in Securitas AB, representing a 2.7% ownership and making it the company's fourth-largest shareholder. The minority investment is intended to support Securitas' ongoing transformation by providing active shareholder engagement and access to EQT's platform capabilities, including digital and sustainability expertise.

Lexitas, a portfolio company of funds advised by Apax Partners, has acquired Axiom Requisition, a Midwest-based medical record retrieval firm. The acquisition expands Lexitas' nationwide legal support services footprint and adds proprietary record-retrieval technology and capabilities to its offering.

Paradigm Sports has acquired Abdi Sports Representation (ASR) and launched a Global Soccer Division. ASR founder Soroosh Abdi will join Paradigm as Senior Vice President, bringing his portfolio of professional soccer players (including Jonathan Perez and Jozy Altidore) and deal-making experience to expand Paradigm's soccer capabilities.

Teneo, the global CEO advisory firm, acquired Goldin Associates LLC, a boutique financial advisory firm specializing in distressed situations, restructuring, valuation and fiduciary roles. The acquisition brings Goldin's restructuring expertise into Teneo's Capital Advisory segment to expand the firm's restructuring and restructuring-advisory capabilities.

KKR has acquired The Citation Group, a UK-based provider of subscription-based HR, employment law, health & safety and ISO compliance services, from Hg. The transaction (terms undisclosed) was made by KKR through its European Fund V and Global Impact Fund to support further growth and expansion of Citation’s tech-enabled, subscription platform for SMEs.

The NCHERM Group, Inc. d/b/a TNG Consulting has acquired Oracle Investigations Group, LLC, a Chino Hills, California-based investigations firm. Oracle's founder Brian Heider joins TNG as Vice President - Investigations; the deal expands TNG's investigative capabilities and footprint in California and nationally.

Omni Workspace Company acquired a minority interest in Hannaher's Workplace Interiors while a group of women investors from Hannaher's and Atmosphere Commercial Interiors purchased the majority stake. The business will operate as Connect Interiors with three locations across North Dakota and Minnesota and will pursue women-owned business certifications while Omni provides strategic oversight.

Longshore Capital Partners, a Chicago-based private equity firm, has acquired three LaSalle Capital portfolio companies — Eclipse Advantage (warehouse labor services), Gen3 Marketing (digital/affiliate marketing) and MetaSource (technology-enabled BPO/ECM). The transactions represent exits for LaSalle Capital and provide liquidity to its investors after the companies executed growth and add-on strategies under LaSalle's ownership.