Convergent Capital Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Convergent Capital Partners has invested in 2 companies.

Convergent Capital Partners’ most common sectors for investment arebusiness services (18%) and manufacturing (12%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and growth capital (26%). In total, Convergent Capital Partners has invested in 22 US states.

The Firm’s most common exit type is trade sale (30%). Convergent Capital Partners’ largest (disclosed) exit occurred in 2007 when it sold Healthy Pet for $153M.

Join Mergr to view Convergent Capital Partners’ full profile and discover more middle-market growth capital firm investors just like it.

M&A Summary

  • M&A Total Activity102
    • M&A Buy Activity61
    • M&A Sell Activity41
  • Total Sectors Invested 28
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 47

Convergent Capital Partners

9855 West 78th Street, Suite 320,
Eden Prairie, Minnesota 55344
United States
(763) 432 - 4080
www.cvcap.com
info@cvcap.com

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, E-Commerce, Energy Services and Equipment, Environmental, Food, Healthcare Services, Information Technology, Leisure, Machinery, Manufacturing, Marketing, Media, Medical Products, Packaging, Plastics, Real Estate, Renewable Energy, Restaurants, Retail, Safety/Security, Software, Staffing, Transportation

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

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

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA - -
Investment Size 3 12
Enterprise Value - 18
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 58 1 2 - - - 61
Sell (0.0/yr) # 41 - - - - - 41
vol $153M $153M
  102

Most Recent M&A

Company Date Value Type
Turtle Fur Co. 2022-06-07 - Stake Purchase
Morrisville, Vermont · www.turtlefur.com
Armored Republic Holdings LLC 2022-02-03 - Growth Capital
Phoenix, Arizona · www.ar500armor.com
Cloud for Good LLC 2021-08-19 - Growth Capital
Irving, Texas · www.cloud4good.com
Vectair Systems, Inc. 2020-12-01 - Secondary Buyout
Memphis, Tennessee · www.vectairsystems.com
Innovative Labs Group LLC 2020-01-23 - Recapitalization
Springville, Utah · www.innovativeflexpak.com
Clinkenbeard & Associates, Inc. 2020-01-01 - Unknown
South Beloit, Illinois · www.clinkenbeard.com
Versare Solutions LLC 2019-12-02 - Secondary Buyout
Minneapolis, Minnesota · www.versare.com
Custom Profile, Inc. 2019-04-25 - Secondary Buyout
Grand Rapids, Michigan · www.custom-profile.com
Best Security Industries, Inc. 2019-03-01 - Add-on Acquisition
Delray Beach, Florida · www.bsi-eas.com
BrandRep LLC 2018-01-09 - Buyout (LBO, MBO, MBI)
Santa Ana, California · www.brandrep.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 1 (7%) - 11 (18%) -
Manufacturing - - 7 (11%) -
Food 1 (7%) - 5 (8%) -
Healthcare Services - - 4 (6%) -
Apparel/Textiles 2 (14%) - 3 (5%) -
Environmental 1 (7%) - 3 (5%) -
Machinery 1 (7%) - 3 (5%) -
Consumer Products 2 (14%) - 2 (3%) -
Energy Services and Equipment 1 (7%) - 2 (3%) -
Software 1 (7%) - 2 (3%) -
Technology Hardware 1 (7%) - 2 (3%) -
Transportation - - 2 (3%) -
Aerospace - - 1 (2%) -
Automotive - - 1 (2%) -
Building Materials - - 1 (2%) -
Consumer Services - - 1 (2%) -
Digital Media 1 (7%) - 1 (2%) -
E-Commerce - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Furniture - - 1 (2%) -
Information Technology 1 (7%) - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Plastics - - 1 (2%) -
Real Estate 1 (7%) - 1 (2%) -
Retail - - 1 (2%) -
Safety/Security - - 1 (2%) -
Staffing - - 1 (2%) -
Total 14 - 62 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) - 62 (100%) -
  California 3 (21%) - 13 (21%) -
  Minnesota 1 (7%) - 12 (19%) -
  Texas 2 (14%) - 7 (11%) -
  Illinois 1 (7%) - 4 (6%) -
  Wisconsin 2 (14%) - 3 (5%) -
  Vermont 1 (7%) - 2 (3%) -
  Tennessee 1 (7%) - 2 (3%) -
  Georgia 1 (7%) - 2 (3%) -
  Nevada - - 2 (3%) -
  Michigan - - 2 (3%) -
  Florida - - 2 (3%) -
  Oklahoma 1 (7%) - 1 (2%) -
  Arizona 1 (7%) - 1 (2%) -
  Utah - - 1 (2%) -
  South Dakota - - 1 (2%) -
  New Jersey - - 1 (2%) -
  Missouri - - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Indiana - - 1 (2%) -
  Hawaii - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
Total 14 - 62 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (50%) - 26 (42%) -
Growth Capital 2 (14%) - 16 (26%) -
Recapitalization 2 (14%) - 10 (16%) -
Acquisition Financing - - 4 (6%) -
Secondary Buyout 1 (7%) - 2 (3%) -
Divestiture 1 (7%) - 1 (2%) -
Special Situations/Distressed - - 1 (2%) -
Stake Purchase 1 (7%) - 1 (2%) -
Venture - - 1 (2%) -
Total 14 - 62 -

Exits by Deal Type

Type Total # Value
Recapitalization 11 (27%) -
Trade Sale 10 (24%) -
Secondary Sale 8 (20%) -
Trade Sale - Public Company 5 (12%) 153M (100%)
Sold to Management 3 (7%) -
Bankruptcy 2 (5%) -
Merger 1 (2%) -
Unknown 1 (2%) -
Total 41 $153M

Deal Values

sell # Total
$100M to $1B 1 $153M
TOTAL $153M
Largest Healthy Pet Corp.
$153M (2007-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
6%
4 (6%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
24%
10 (24%)
Strategic(s)
32%
13 (32%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Middle-Market

PE Assets

400M USD

Established

1999

Specialist/Generalist

Generalist

Leadership

John Chan

Managing Partner

Matthew Grossman

Managing Partner

Travis Soule

Partner

Richard Atherton

Vice President

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