Boathouse Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

Boathouse Capital’s most common sectors for investment aremarketing (17%) and software (15%) . The Firm’s most common investment types include growth capital (72%) and secondary buyout (10%). In total, Boathouse Capital has invested in 18 US states. Its largest (disclosed) acquisition occurred in 2012 when it acquired Hoonuit for $19M.

In the last 3 years, Boathouse Capital has exited 1 company. The Firm’s most common exit type is trade sale (53%). Boathouse Capital’s largest (disclosed) exit occurred in 2021 when it sold Lugano Diamonds & Jewelry for $256M.

Join Mergr to view Boathouse Capital’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity59
    • M&A Buy Activity42
    • M&A Sell Activity17
  • Total Sectors Invested 18
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 26
  • M&A Advisors 5

Boathouse Capital

353 West Lancaster Avenue, Suite 200,
Wayne, Pennsylvania 19087
United States
(610) 688-6314
www.boathousecapital.com
Colin.Raws@boathousecapital.com

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $20 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Business Services, Education, Franchising, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Leisure, Marketing, Retail, Software, Staffing

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA 5 -
Investment Size 5 20
Enterprise Value 15 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 41 1 - - - - 42
vol $19M $19M
Sell (0.6/yr) # 14 2 1 - - - 17
vol $68M $256M $324M
  59

Most Recent M&A

Company Date Value Type
Unitas Global LLC 2022-04-18 - Secondary Buyout
Chicago, Illinois · www.unitasglobal.com
Navint Partners LLC 2021-11-15 - Add-on Acquisition
Henrietta, New York · www.navint.com
Choozle, Inc. 2021-09-14 - Growth Capital
Denver, Colorado · www.choozle.com
Lugano Diamonds & Jewelry, Inc. 2021-09-07 256M USD Secondary Buyout
Newport Beach, California · www.luganodiamonds.com
Hoonuit LLC 2020-10-29 - Add-on Acquisition
Minneapolis, Minnesota · www.hoonuit.com
Fresh Dining Concepts LLC 2019-12-04 - Secondary Buyout
Coral Gables, Florida
Network for Good 2019-11-12 - Growth Capital
Washington, District of Columbia · www.networkforgood.com
AnalyticsIQ 2019-08-21 - Growth Capital
Atlanta, Georgia · www.analytics-iq.com
Finch 2019-08-05 - Growth Capital
Salt Lake City, Utah · www.finch.com
OrthoFi, Inc. 2019-05-03 - Secondary Buyout
Denver, Colorado · www.orthofi.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
MISTI (MIS Training Institute) 2014-04-02 InfoSec World Conference & Expo 2019-02-26 1
Southborough, Massachusetts · www.misti.com Southborough, Massachusetts · www.infosecworld.misti.com

M&A by Sector

Sector Current # Value All-time # Value
Marketing 5 (28%) - 7 (17%) -
Business Services 3 (17%) - 6 (14%) -
Software 3 (17%) - 6 (14%) -
Information Services 1 (6%) - 4 (10%) -
Internet Software and Services - - 3 (7%) 19M (100%)
Information Technology 1 (6%) - 3 (7%) -
Manufacturing - - 2 (5%) -
Aerospace 1 (6%) - 1 (2%) -
Consumer Products - - 1 (2%) -
Distribution - - 1 (2%) -
Education 1 (6%) - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Franchising 1 (6%) - 1 (2%) -
Leisure 1 (6%) - 1 (2%) -
Restaurants - - 1 (2%) -
Safety/Security - - 1 (2%) -
Staffing 1 (6%) - 1 (2%) -
Transportation - - 1 (2%) -
Total 18 - 42 $19M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 18 (100%) - 42 (100%) 19M (100%)
  Florida 1 (6%) - 5 (12%) -
  North Carolina 2 (11%) - 4 (10%) -
  Illinois 2 (11%) - 4 (10%) -
  California 2 (11%) - 4 (10%) -
  New York - - 4 (10%) -
  Pennsylvania 2 (11%) - 3 (7%) -
  District of Columbia 2 (11%) - 3 (7%) -
  Texas 2 (11%) - 2 (5%) -
  Utah 1 (6%) - 2 (5%) -
  Colorado 1 (6%) - 2 (5%) -
  Virginia - - 2 (5%) -
  Massachusetts 1 (6%) - 1 (2%) -
  Idaho 1 (6%) - 1 (2%) -
  Georgia 1 (6%) - 1 (2%) -
  Minnesota - - 1 (2%) 19M (100%)
  Kentucky - - 1 (2%) -
  Kansas - - 1 (2%) -
  Connecticut - - 1 (2%) -
Total 18 - 42 $19M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 12 (67%) - 30 (71%) -
Secondary Buyout 2 (11%) - 4 (10%) 19M (100%)
Recapitalization 1 (6%) - 3 (7%) -
Acquisition Financing 2 (11%) - 2 (5%) -
Buyout (LBO, MBO, MBI) - - 2 (5%) -
Divestiture 1 (6%) - 1 (2%) -
Total 18 - 42 $19M

Exits by Deal Type

Type Total # Value
Trade Sale 7 (41%) -
Secondary Sale 5 (29%) 256M (79%)
Recapitalization 2 (12%) 68M (21%)
Trade Sale - Public Company 2 (12%) -
Unknown 1 (6%) -
Total 17 $324M

Top M&A Advisors

Legal Deals
Drinker Biddle & Reath LLP
 2
Paul Hastings LLP
 1
DLA Piper
 1

Deal Values

buy # Total
< $100M 1 $19M
TOTAL $19M
Largest Hoonuit LLC
$19M (2012-04-11)
sell # Total
$100M to $1B 1 $256M
< $100M 1 $68M
TOTAL $324M
Largest Lugano Diamonds & Jewelry, Inc.
$256M (2021-09-07)

M&A Connections

Deals
Acquired from
Investor(s)
12%
5 (12%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
35%
6 (35%)
Strategic(s)
53%
9 (53%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

350M USD

Established

2008

Specialist/Generalist

Generalist

Leadership

Bill Dyer

General Partner

Chong Moua

General Partner

Ken Jones

General Partner

Steve Gord

General Partner

Brian Adamsky

CFO

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