AJ Ebels

Deal volumes in the IT services sector in Q1 eased off record highs seen in 2021. Although deals were down quarter over quarter, deal count was still significantly above pre-pandemic levels.

Technology and digital Services

M&A activity in the technology and digital services space has soared following the onset of the pandemic as technology firms have garnered significant attention from both private equity acquirers with large reserves of dry powder as well as global strategic acquirers. As we had anticipated, deal levels in our three key verticals caught a second …

Technology and Digital Services M&A Update – Q4 2021 Read More »

Mezzanine financing can allow entrepreneurs to unlock doors to substantial growth for their business. It also offers a patient outlook on financial performance and flexibility to craft an appropriate investment structure to fit the financing needs of the company and goals of the entrepreneur.

While the long-tail echo of the pandemic has adversely affected many industries, large incumbents have competed with record levels of private equity dry powder to acquire smaller but promising IT services businesses. Although M&A activity seems as though it has reached a peak, we believe there is still room for deal counts and multiples to …

Technology and Digital Services Industry Update – Q3 2021 Read More »

The technology and support services vertical has experienced an upsurge in M&A deal activity post-pandemic, enhanced by an ever-greater need for digital communications, cybersecurity, and data connectedness. Likewise, the integration services vertical has erupted, with 40% more completed deals in the period following the pandemic compared to the period leading up to it.

Since launching in July 2019, the Charter Growth Capital Fund has made five investments and raised $31 million to make minority investments in growing, middle-market companies that need growth capital. The investments and activity to date validates John Kerschen’s view that there was an existing market gap and need for a new mezzanine fund in …

Charter Capital Partners finds niche with middle-market companies Read More »

A locally based private equity fund invested in its fifth portfolio company. Charter Growth Capital Fund (CGCF), a fund managed by the principals of Grand Rapids-based Charter Capital Partners, said last week that it invested in Premier Engineered Products (PEP). CGCF provided mezzanine debt in support of the recapitalization. Birmingham-based Colfax Creek is the lead investor in the …

Charter Growth Capital Fund invests in Premier Engineered Products Read More »

Charter Growth Capital Fund co-invested along with Birmingham-based lead investor Colfax Creek Capital LLC in Traverse City Products LLC. The deal, which closed March 10, also included mezzanine debt from Grand Rapids-based Charter Growth Capital, according to a statement. Metal forming manufacturer Traverse City Products is a supplier of roll-formed and stamped metal products that …

Charter Growth Capital Fund invests in Traverse City Products Read More »

After being part of the JSJ Corp. portfolio of companies for nearly 80 years, metalworking equipment and machine tool maker Dake Corp. has new owners. The company was acquired by CNC machinery and woodworking equipment maker Laguna Tools Inc. of Irvine, Calif. in a deal that closed Nov. 20. For Grand Haven-based JSJ Corp., the sale positions the firm to …

JSJ Corp. sells Dake to PE-backed Laguna Tools Read More »

A Grand Rapids mezzanine fund’s investment will enable Keystone Solutions Group to maintain its strong growth trajectory in the years ahead. Charter Growth Capital Fund, formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal this month with an investment in Kalamazoo-based Keystone Solutions Group. The funding will go toward supporting further growth, including …

Keystone Solutions eyes continued growth with Charter Growth Capital investment Read More »

Charter Growth Capital Fund, a mezzanine fund formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal with an investment in Keystone Solutions Group. Keystone President Jim Medsker expects the strong growth the company has recorded over the last few years will continue. The investment from Charter Growth Capital Fund recapitalized Keystone and …

Charter Growth Capital mezz fund invests in Keystone Solutions Read More »

SpendMend LLC, a company that provides spending visibility and audit and recovery services to the health care industry, sold a majority stake to Chicago-based private equity firm Sheridan Capital Partners. The recapitalization and investment from Sheridan Capital, which invested along with SpendMend’s founders and managers, will support the continued growth of the company. Terms of …

Chicago PE firm acquires majority stake in Grand Rapids health care auditing company Read More »

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