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Axial’s LMM Digest: November Edition

Welcome to the November edition of Axial’s Lower Middle Market Digest, your source of news, people moves, deal announcements, and all things newsworthy in the LMM.

Click here to join the distribution list for this newsletter, sent on the first Friday of every month.

You can also follow along on LinkedIn.
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Select New Axial Members This Month

– Investment Banks: Sampford Advisors, Three Sixty Seven Advisors, Heritage Capital Group, Arlington Capital Advisors, Wilcox Investment Bankers

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

– Private Equity FirmsTA Associates, American Industrial Acquisition Corporation, Alfar Capital

– Family OfficesCannondale Capital Investors, The Allston Group, Konkordia Capital

– Independent SponsorsBrick Investment Partners, Middleton Partners, Prisma Group


People Moves

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

Member Shoutouts

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

Interesting Reads

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

Deal Announcements from the Axial Sell-Side

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

Deal Announcements from the Axial Buy-Side

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

Not a Member of Axial Yet? 😬

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The 5 Most Read Articles from October on Middle Market Review

Visit MMR

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

Highlights of Recent Transactions

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