Acquisition History / Search Funds / 2020
Search Fund Acquisitions in 2020
21 publicly known companies acquired by search funds in 2020.
- 1Aymiraacquired by Laurel Tree Partners · Healthcare Providers · United StatesSiblings Dennis Lally and Jenna Lally Whigham launched the search fund Laurel Tree Partners in May 2019 and, after a 16-month search, acquired Aymira in October 2020. Aymira, a Charlotte, North Carolina behavioral health agency serving people with intellectual and developmental disabilities (and owner of the OnTarget electronic health record platform), had been founded in 2002 by Lewis Quinn. On N
- 2Cicero Therapiesacquired by Forge Partners · Healthcare · United StatesAcquired by Forge Partners; pediatric speech pathology/OT clinics.
- 3Cicero Therapiesacquired by Forge Partners (a Dealroom profile describes a network of mission-driven pediatric therapy practices in the Eastern U.S., HQ listed in Atlanta) · Healthcare Providers · United StatesCicero Therapies is a behavioral and pediatric therapy provider that ESP lists as a 2020 investment, with Taylor Davidson as CEO and Grant Schafle as President of Forge Partners, both Stanford GSB per ESP's Partners page. A directory describes Cicero as a group of pediatric speech, occupational and behavioral therapy clinics in the eastern and southeastern U.S. and lists Housatonic Partners as its
- 4Contract Sweeping Services, LLCacquired by Broadtree Partners LLC (Saxena is Operating Partner & Principal) · Business Services · United StatesIn January 2021 Broadtree Partners, with True West Capital Partners, bought two Northern California municipal sweeping firms, Contract Sweeping Services and Statewide Construction Sweeping, from second-generation owners Joe and Gina Vella, whose father Leonard founded the businesses. The two were combined under a new holding company, West Sweeping Services Holdings. Senior debt came from Bank Prov
- 5CTAIMAacquired by Baluarte Capital · Compliance SaaS · SpainTarragona cloud software for contractor compliance / supply-chain risk management; ~EUR8M revenue at acquisition Backed by ALZA Capital Partners, Alza Capital Partners, Istria Capital, JB46, Kinderhook Partners, Promax Capital Investments, Relay Investments, Saltoun Capital Partners, WSC & Company. Source: https://searchfundsnews.com/investors-in-baluarte-capital-achieved-one-of-their-most-successful-returns-by-exiting-ctaima/
- 6Echosec Systemsacquired by Tusker Fund · Information Services · United StatesCyber threat management services
- 7ENEB (Namencis Education)acquired by Namencis Capital · Online education · SpainOnline business-school group (ENEB, ISEB, ESIE, IEAD); EUR4.5M revenue, EUR1.3M EBITDA in 2020 Backed by Cerralvo Capital, Enrique Locutura, José María Clotet. Source: https://searchfundsnews.com/namencis-education-marks-the-7th-spanish-exit-of-2025/
- 8Facilities Survey, Inc.acquired by Seely Partners Capital · Software · United StatesPremier provider of compliance-oriented asset and maintenance management for hospitals
- 9HRTMSacquired by KeelBoat Capital, LLC · Software · United StatesHR job description management software.
- 10Integrated Computer Systems, Inc.acquired by Sierra Madre Group · Software · United StatesSoftware for first responders enabling computer-aided dispatch, mobile data access and records management.
- 11ISPN, Inc.acquired by 20 South Partners, LLC · Business Services · United StatesTurn-key ISP solutions including rural broadband operators services such as managed server solutions, technical support, hosted email services, network diagnostics and network engineering.
- 12NovoPathacquired by Victoriaside Capital · Software · United StatesSoftware for workflow management at pathology labs.
- 13OneShield Softwareacquired by Goldmatch Capital Partners · Software · United StatesSoftware for the insurance and financial services industries, enabling enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and analytic solutions.
- 14Plásticos Ariasacquired by Vigía Capital · Plastics manufacturing · SpainGalician plastics manufacturer Backed by Juan Cuesta. Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html
- 15SafeLogicacquired by Bells and Bear · Software · United StatesEncryption software and services
- 16Statewide Construction Sweeping, LLCacquired by Broadtree Partners · Business Services · United StatesLargest construction sweeping company in California
- 17Swoogoacquired by Eagle Rock Capital · Software · United StatesEvent management software platform.
- 18The Shandy Clinicacquired by Buck Jack Capital · Healthcare Providers · United StatesColorado-based outpatient therapy clinic providing therapy solutions to children with autism.
- 19The Skin Center Holdings, LLC (TSC)acquired by Bridgeway Management LLC · Healthcare Providers · United StatesMulti-site dermatology practice offering a range of skin treatments including Botox, fillers, laser treatments, and cosmetic surgery.
- 20The Umai Groupacquired by Tagus Capital · Restaurants · SpainRestaurant chain Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 21Wolin Design Groupacquired by Lynwood Street Capital, LLC · Software · United StatesWarehouse management software.