Mike Palm

The Human Capital industry closed out a robust first quarter of 2022 as it continued to benefit from the recovering of the labor market.

Human Capital Industry Update Q4 2021

The fourth quarter of 2021 closed out what was an exceptionally strong year for human capital M&A activity. After deal activity plummeted by ~50% as a result of the COVID-19 pandemic in early 2020, activity has recovered to pre-pandemic levels.

Dental Care Alliance (DCA) proudly announces the addition of Modern Dental Care, a multi-location general dentistry group in Wisconsin, to its growing family of allied practices. With 14 unique brands, the Modern Dental Care team embraces the doctor-patient relationship – one where the doctors are committed to providing compassionate patient care and collaborating with each …

Modern Dental Care acquired by Dental Care Alliance Read More »

Human Capital Industry Update Q2 2021

Through the first half of 2021, the human capital industry has seen nearly as many deals completed as it did in all of 2020, with transaction activity picking up enough that it is likely to return to the lofty levels set from 2017 through 2019.

The human capital M&A market has rebounded nicely so far in 2021, with Q1 2021 transactions accounting for approximately 45% of total 2020 deal count. The increase in activity is a result of pent-up demand from buyers who put acquisitions on hold for most of the previous year.

The M&A market for human capital companies remained muted in 2020, posting a record low number of transactions, primarily due to pandemic-related shutdowns, supply chain slowdowns, and weakened demand for staffing labor.

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 »

By Mike Palm, Director, Charter Capital Partners After more than 10 years of unprecedented economic expansion, the COVID-19 pandemic has brought us to economy zero, impacting both cash reserves and cash flows of many businesses. Despite a likely shift to a more risk-averse credit market, numerous potential financing sources can help businesses through this uncertain …

Increasing liquidity through a capital raise 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 »

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