The Halifax Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, The Halifax Group has acquired 2 companies. It has also invested in 1 other.

The Halifax Group’s most common sectors for investment arehealthcare services (19%) and business services (8%) . The Firm’s most common investment types include secondary buyout (37%) and recapitalization (24%). In total, The Halifax Group has invested in 18 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired IASIS Healthcare for $1.4B.

In the last 3 years, The Halifax Group has exited 1 company. The Firm’s most common exit type is secondary buyout (55%). The Halifax Group’s largest (disclosed) exit occurred in 2015 when it sold Envision Pharmaceutical Services for $2.0B.

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M&A Summary

  • M&A Total Activity60
    • M&A Buy Activity38
    • M&A Sell Activity22
  • Total Sectors Invested 22
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 23
  • M&A Advisors 7

The Halifax Group, LLC

1133 Connecticut Avenue, Northwest Suite 700,
Washington, District of Columbia 20036
United States
(202) 530-8300
www.thehalifaxgroup.com
inquiry@thehalifaxgroup.com

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $5 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.


Investment Criteria

Sectors of Interest: Agriculture, Automotive, Business Services, Consumer Products, Consumer Services, Distribution, Environmental, Franchising, Healthcare Services, Information Services, Life Science, Manufacturing, Medical Products, Plastics, Renewable Energy, Restaurants, Safety/Security, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue 20 -
Target EBITDA 8 30
Investment Size 40 80
Enterprise Value 50 300
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 35 - 3 - - - 38
vol $2.0B $2.0B
Sell (0.4/yr) # 20 1 1 - - - 22
vol $3.4B $3.4B
  60

Most Recent M&A

Company Date Value Type
Milestone Technologies, Inc. 2022-12-13 - Secondary Buyout
Fremont, California · www.milestonepowered.com
The Liberty Group 2022-06-23 - Secondary Buyout
Houston, Texas · www.thelibertygroup.com
TriMech Solutions LLC 2022-03-14 - Secondary Buyout
Glen Allen, Virginia · www.trimech.com
Case Facilities Management Solutions 2022-01-19 - Growth Capital
North Attleborough, Massachusetts · www.casefms.com
BCI Burke Co. 2021-12-15 - Secondary Buyout
Fond du Lac, Wisconsin · www.bciburke.com
PJ United, Inc. 2020-12-08 - Recapitalization
Birmingham, Alabama · www.mypapajohns.com
TriMech Solutions LLC 2020-01-07 - Secondary Buyout
Glen Allen, Virginia · www.trimech.com
Maverick Fitness Holdings, LLC 2019-12-17 - Stake Purchase
Frisco, Texas · www.maverickfitnessholdings.com
AAMP of America, Inc. 2019-11-06 - Secondary Buyout
Clearwater, Florida · www.aampofamerica.com
Prairie Industries, Inc. 2019-09-25 - Recapitalization
Prairie du Chien, Wisconsin · www.pind.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
The Liberty Group 2022-06-23 Full House Marketing - Staffing Division 2023-04-11 2
Houston, Texas · www.thelibertygroup.com Livonia, Michigan
PromptCare, Inc. 2017-03-09 NBN Infusions, Inc. 2021-03-02 4
Clark, New Jersey · www.promptcare.net Cherry Hill, New Jersey · www.nbninfusions.com
PromptCare, Inc. 2017-03-09 HomeTown Oxygen 2018-05-03 3
Clark, New Jersey · www.promptcare.net Charlotte, North Carolina · www.hometownoxygen.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 4 (31%) - 7 (18%) 1.5B (73%)
Business Services 2 (15%) - 3 (8%) -
Distribution - - 2 (5%) 87M (4%)
Consumer Products - - 2 (5%) -
Consumer Services 1 (8%) - 2 (5%) -
Environmental - - 2 (5%) -
Information Technology 1 (8%) - 2 (5%) -
Medical Products - - 2 (5%) -
Restaurants 1 (8%) - 2 (5%) -
Software - - 2 (5%) -
Plastics - - 1 (3%) 451M (23%)
Construction - - 1 (3%) -
Education 1 (8%) - 1 (3%) -
Electronics 1 (8%) - 1 (3%) -
Food - - 1 (3%) -
Franchising - - 1 (3%) -
Life Science - - 1 (3%) -
Manufacturing - - 1 (3%) -
Packaging 1 (8%) - 1 (3%) -
Safety/Security - - 1 (3%) -
Staffing 1 (8%) - 1 (3%) -
Transportation - - 1 (3%) -
Total 13 - 38 $2.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (100%) - 34 (89%) 1.5B (77%)
  Texas 2 (15%) - 5 (13%) -
  Florida 2 (15%) - 3 (8%) -
  California 1 (8%) - 3 (8%) 54M (3%)
  Virginia 1 (8%) - 3 (8%) -
  Tennessee 1 (8%) - 2 (5%) 1.4B (70%)
  Wisconsin 1 (8%) - 2 (5%) -
  New Jersey 1 (8%) - 2 (5%) -
  Arizona 1 (8%) - 2 (5%) -
  Alabama 1 (8%) - 2 (5%) -
  North Carolina - - 2 (5%) -
  Massachusetts 1 (8%) - 1 (3%) -
  Illinois 1 (8%) - 1 (3%) -
  Pennsylvania - - 1 (3%) 87M (4%)
  Oklahoma - - 1 (3%) -
  Ohio - - 1 (3%) -
  Minnesota - - 1 (3%) -
  Maryland - - 1 (3%) -
  Louisiana - - 1 (3%) -
United Kingdom - - 4 (11%) 451M (23%)
Domestic 13 (100%) - 34 (89%) 1.5B (77%)
Cross-border - - 4 (11%) 451M (23%)
Total 13 - 38 $2.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 5 (38%) - 14 (37%) 1.5B (77%)
Recapitalization 4 (31%) - 9 (24%) -
Buyout (LBO, MBO, MBI) - - 7 (18%) -
Divestiture - - 2 (5%) 451M (23%)
Growth Capital 2 (15%) - 2 (5%) -
Stake Purchase 1 (8%) - 2 (5%) -
Consolidation 1 (8%) - 1 (3%) -
Going Private - - 1 (3%) -
Total 13 - 38 $2.0B

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (55%) 859M (26%)
Trade Sale - Public Company 4 (18%) 2.2B (66%)
Trade Sale 4 (18%) 275M (8%)
Merger 1 (5%) -
Unknown 1 (5%) -
Total 22 $3.4B

Top M&A Advisors

Financial Deals
William Blair
2
North Point Advisors LLC
2
Stifel, Nicolaus & Co., Inc.
1
Legal Deals
DLA Piper
1
Arnold & Porter LLP
1
Mayer Brown
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $451M
< $100M 2 $141M
TOTAL $2.0B
Largest IASIS Healthcare Corp.
$1.4B (2004-06-22)
sell # Total
> $1B 1 $2.0B
$100M to $1B 4 $1.2B
< $100M 2 $175M
TOTAL $3.4B
Largest Envision Pharmaceutical Services, Inc.
$2.0B (2015-06-24)

M&A Connections

Deals
Acquired from
Investor(s)
39%
15 (39%)
Strategic(s)
5%
2 (5%)
Exited to
Investor(s)
55%
12 (55%)
Strategic(s)
45%
10 (45%)

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