Transaction Announcements – Category Posts from The Forbes M+A Group. Research via our Knowledge Base and get access to M&A articles, news, and other info.

The Forbes M+A Group Advises Evergreen Home Healthcare on its Sale to Aveanna Healthcare a Portfolio Company of Bain Capital

Denver, Colorado (October 29, 2020)The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Evergreen Home Healthcare (Evergreen), has successfully been acquired by Aveanna Healthcare, a portfolio company of Bain Capital.

“I am happy to have found such a great team to lead us through this exit. Forbes really took the time to internalize our goals, which varied from shareholder to shareholder, and created a process that met the needs of all of us,” said Aaron Ellsworth, Co-Founder, and CEO of Evergreen Home Healthcare. “The Forbes team was targeted in their marketing and found a buyer that really valued what my partners and I have built, even amidst this challenging environment. We are excited to become a part of Aveanna and are eager to see them take Evergreen to the next level.”

Bill Nack, Managing Director & Partner at Forbes and Evergreen’s lead advisor, states ”It was an honor to represent a client such as Evergreen Home Healthcare,” Mr. Nack added, “Their management team, approach to patient care, and continued growth within their markets was highly attractive to buyers within the home healthcare space. Despite challenges 2020 confronted us with, we were able to drive the process quickly and efficiently from start to finish.”

Blake Shear, Director at Forbes and co-advisor, additionally commented, “Evergreen Home Healthcare’s breadth of services and reputation for exceptional patient care has made them a leader in Colorado,” Mr. Shear stated, “With the acquisition of Evergreen, Aveanna Healthcare will be able to quickly expand market share in this Medicaid friendly state and enable Evergreen to reach new heights.”

About Evergreen Home Healthcare

Evergreen Home Healthcare, LLC is a locally owned and operated company founded in 2007, located on the front range of Colorado. Since 2007, Evergreen Home Healthcare, LLC has helped hundreds of patients of all ages with a multitude of medical needs and conditions, receive the home care they need. Evergreen provides comprehensive home healthcare, including acute care and long-term medical care, specialized pediatric care, and more from compassionate caregivers.

About Aveanna Health Care

Aveanna Healthcare has helped set the standard for highly skilled in-home nursing services, raising the level of clinical expertise in the home care community. Aveanna’s broad range of services expands beyond in-home private duty nursing care to include in-home aide services, respite care, school nurse services, therapies, and rehabilitation.

About Bain Capital

Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $105 billion in assets under management that creates a lasting impact for investors, teams, businesses, and communities. Founded in 1984, Bain pioneered a consulting-based approach to private equity investing, partnering closely with management teams to offer insights that challenge conventional thinking, build great businesses, and improve operations.

About The Forbes M+A Group

The Forbes M+A Group, founded in 2004 with offices in Denver, CO, Salt Lake City, UT, and Nashville TN, is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. The group has over 15 years of experience delivering outstanding results for business owners, entrepreneurs, and investors. Advisors at The Forbes M+A Group have 250+ years of combined experience in international transactions across a wide variety of industries. The Forbes M+A Group has been recognized as a leader within the middle market as a regional M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbesma.com or phone at (303) 770-6017.

Media Contact: Sara Cody | +1 (303) 558-1462 | Sara.Cody@ForbesMA.com 

The Forbes M+A Group Advises Integro on its Sale to Innovative Discovery to Create an Information Governance Powerhouse

The Forbes M+A Group is honored to serve as the exclusive advisor to Integro on its sale to Innovative Discovery! Read more

The Forbes M+A Group Advises Managed Chaos on its Sale to Leading Performance Marketing Company Digital Media Solutions, Inc. (DMS)

ManagedChaos is the holding company for SmarterChaos, She Is Media, Dealtaker, and Elite Media Partners

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The Forbes M+A Group Advises Santa Rita Landscaping on its Sale to Westhook Capital

Leading provider of landscaping installation and maintenance services 

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The Forbes M+A Group Advises The Studio Director on its Sale to EverCommerce

Leading customer management and payment processing Software-as-a-Service to the dance studio industry

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The Forbes M+A Group Advises Moab Brewery on its Sale to Montage Partners

Leading Craft Brewery and Distillery Located in Moab, Utah

Salt Lake City, Utah, (January 8, 2020) – The Forbes M+A Group, a leading transaction advisory firm, served as exclusive advisor to Moab Brewery, the city of Moabs’ only on its to Montage Partners, a private equity group out of Scottsdale, Arizona.

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The Forbes M+A Group Advises Ponderosa Valley Funeral Services on its Sale to Foundation Partners

Leading funeral service provider

Greenwood Village, Colorado (September 9, 2019) – The Forbes M+A Group (Forbes M+A), a leading transaction advisory firm, served as exclusive advisor to Ponderosa Valley Funeral Services (Ponderosa Valley), a premier Colorado-based provider of traditional and memorial funeral services in the Rocky Mountain Region.

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The Forbes M+A Group Advises Novelty Lights on its Sale to American Lighting

Leading e-Commerce lighting platform focused on commercial grade products in the U.S. outdoor, seasonal, and decorative lighting market

Greenwood Village, Colo., (January 31, 2019) – The Forbes M+A Group (Forbes), a leading transaction advisory firm, served as exclusive advisor to Novelty Lights (Novelty), an e-Commerce lighting platform, on its majority interest sale to American Lighting Inc, a subsidiary of  Neo-Neon Holdings Limited. The transaction will serve to complement American Lighting’s current sales channels and supplement Novelty’s existing supply chain.

“American Lighting is an ideal partner for Novelty Lights. The combination will provide greater control over our supply chain and sales channels, ensuring a great customer experience in each transaction,” commented Tres Coors, CEO of Novelty Lights. “Forbes did a great job of guiding us through the process. Their industry knowledge, relationships with buyers, extensive transaction experience, and adaptive and creative deal making were essential in achieving an outcome that met our goals.”

“Novelty Lights’ decision to secure a strategic partner  will  position the company as an industry leader for years to come,” said Tom Schmidt, Managing Director & Partner at Forbes and Novelty Lights lead advisor. “The Forbes team was pleased to advise Novelty Lights on this transaction and achieve a great outcome.”

About Novelty Lights
Novelty Lights, a Colorado based company, was founded in 1999 as a direct importer of rope lights, holiday lights, and a variety of popular novelty lights. Since its founding, Novelty has grown into a leading e-Commerce lighting provider with a vast product line and unbeatable customer service.

About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver-based mergers and acquisitions advisory firm. The firm has a capital formation group and also serves buyers and sellers in middle-market M&A transactions. Forbes applies meticulous attention to detail helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth to maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 200 years of combined experience in transactions across a wide variety of industries. For more information regarding this transaction or The Forbes M+A Group please contact Max Eckstein.

About American Lighting
Founded in 1989, American Lighting manufactures a wide range of lighting solutions for residential, commercial, and specialty lighting needs. The company is committed to providing its customers a broad line of innovative and high-quality lighting products.

Media Contact
Max Eckstein
Max.Eckstein@ForbesMA.com
303.872.9085

The Forbes M+A Group Advises BoldLeads on its Sale to Propertybase

Leading Software-as-a-Service (SaaS) real estate lead generation technology platform.

Greenwood Village, Colo., (January 29, 2019) – The Forbes M+A Group (Forbes), a leading transaction advisory firm, served as exclusive advisor to BoldLeads.com (BoldLeads), a leading SaaS-based real estate lead generation technology platform, on its sale to Propertybase, a portfolio company of Providence Strategic Growth (PSG), an affiliate of Providence Equity Partners.

Founded in 2014, BoldLeads provides lead generation and marketing automation services for residential real estate agents in the U.S. and Canada through its industry leading, scalable, proprietary SaaS technology platform. The BoldLeads platform generates and cultivates online buyer/seller leads for real estate brokers or agents, resulting in the highest lead generation ROI in the industry. By delivering quality leads and driving them through conversion, the Company has seen explosive growth in recent years, servicing thousands of clients in North America and generating over 1 million leads per year.

“Given the rapid growth of our Company, we needed an advisor who would tell our story and help us maximize the value we created by finding a partner who intimately understood the SaaS-based real estate lead generation industry and supported our growth,” said BoldLeads CEO Christine Crane. “We selected Forbes because of their excellent reputation, and they exceeded every expectation by taking the time to understand our objectives, delivering the best possible partner and terms.”

“With real estate tech companies disrupting the traditional real estate ecosystem,” said Bob Forbes, President of Forbes and BoldLeads’ lead advisor, “Companies like BoldLeads are attracting major interest from investment groups who recognize this growing market opportunity, as well as the real estate incumbents that see the strategic value of RE Tech and PropTech within the industry going forward.” In addition to Bob Forbes, the BoldLeads advisory team included Bill Nack, Managing Director & Partner, JJ Lane, Senior Associate, and Tom Willen, Analyst.

About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver-based mergers and acquisitions advisory firm. The firm has a capital formation group and also serves buyers and sellers in middle-market M&A transactions. Forbes applies meticulous attention to detail helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth to maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 200 years of combined experience in transactions across a wide variety of industries. For more information regarding this transaction or The Forbes M+A Group please contact Max Eckstein.

About Propertybase
Propertybase, a portfolio company of Providence Strategic Growth (“PSG”), is a developer of a web-based customer relationship management (“CRM”) software intended for real estate agents. The company is headquartered in Boston, Massachusetts.

About Providence Strategic Growth
Providence Strategic Growth is an affiliate of Providence Equity Partners and is investing out of its third fund, with $1.3 billion of total capital. Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence Equity Partners is a premier global asset management firm with approximately $60 billion in capital under management across complementary private equity and credit businesses. Since the firm’s inception in 1989, Providence has invested in more than 160 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London.

Media Contact
Max Eckstein
Max.Eckstein@ForbesMA.com
303.872.9085

The Forbes M+A Group Announces Successful Sale of Utah Cabinet and Countertop Company

Greenwood Village, CO (November 30, 2018) – The Forbes M+A Group, a leading transaction advisory firm, served as an adviser and consultant to Chris & Dick’s Cabinets and Countertops LLC, a leading provider of cabinet and countertop installation services in the Salt Lake City market, on its acquisition by Interior Specialists, Inc. The terms of the investment were not disclosed.

“Working with great companies like Chris & Dick’s is exactly why we opened our new Utah office based in Salt Lake City,” said Bob Forbes, President and Founder of The Forbes M+A Group.  “The Utah market is one of the hottest in the country for middle-market transactions.  At Forbes M+A we have always enjoyed working with the best businesses to tell their own unique stories.  Our extensive process, networks, and expertise enabled us to identify the perfect companies within this universe and bring them to the table.”

ISI CEO Alan Davenport said, “We are excited to welcome the Chris & Dick’s team to the ISI family and to bring their collective history of success and experience to the organization. Chris & Dick’s embodies the customer focused approach that has made ISI the nation’s largest provider of interior finish products and design center management services. This acquisition will further expedite ISI’s growth in Utah after we had established an ISI operation there in 2017.”

“The partnership with the Chris & Dick’s team will make a powerful combination to serve the flooring, cabinet and countertop turnkey installation needs of our customers and to introduce ISI’s industry leading design center technology to the Utah market,” said Jeff Trapp, ISI’s Senior VP of National Sales.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves sellers or buyers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the Company, please visit: www.forbesma.com or (303)770.6017.

Media Contact:  Max Eckstein +1(303)872.9085, Max.Eckstein@ForbesMA.com