Acquisition History / Search Funds / 2022
Search Fund Acquisitions in 2022
17 publicly known companies acquired by search funds in 2022.
- 1Aspire Home Healthcareacquired by Birch Heritage Partners (per search fund case-study listing) · Healthcare Providers · United StatesA search-fund case-study listing credits Birch Heritage Partners with acquiring Aspire Home Healthcare, a Morton Grove, Illinois orthopedic in-home care provider founded in 2010. ESP's listing names Michael Simms and Richard Si (both Kellogg) as co-CEOs. The case-study page itself was unreadable, and other directories conflict (PrivateEquityInfo lists Snowdon Partners; CB Insights lists Maven Equi
- 2Bike Ocasiónacquired by Taurus Capital · Circular-economy retail · SpainOmnichannel refurbished-bicycle retailer, Spain's market leader Backed by Istria Capital, Cerralvo Capital, Liberty Search Ventures, Alza Capital Partners, Afinum, JB46, Vonzeo Capital, Luis Camilleri, Fernando Herrero, Paz Ambrosy. Source: https://searchfundsnews.com/2nd-exit-in-spain-in-2024-seaya-andromeda-acquires-70-stake-in-bike-ocasion/
- 3Cerboacquired by Beachton Capital Partners / Beachton Capital Fund · Software · United StatesCerbo, which makes EHR and practice management software for functional and integrative medicine practices, was acquired by Beachton Capital Fund, according to a Searcher Insights deal listing seen in search results (the page itself was a placeholder when I opened it). ESP's Partners page names Jonathan and Courtney Dunn of Beachton Capital Partners as CEO and President, and lists ESP's investment
- 4Charter Impactacquired by Mercator Search Group (Denver) · Software · United StatesDenver search fund Mercator Search Group acquired Charter Impact on November 7, 2022, per PrivSource. Charter Impact is a California provider of outsourced accounting, payroll and back-office services for charter schools and education nonprofits. Terms and the seller were not disclosed. Mercator said it planned to track operations more closely, add marketing and expand nationally while preserving
- 5CITTA Brokerage Co.acquired by The Staverton Group, LLC (owner-operator vehicle, Salt Lake City, founded by Sorenson) · Business Services · United StatesThe Staverton Group LLC, a Salt Lake City owner-operator vehicle founded by Scott Sorenson, acquired CITTA Brokerage Company on December 31, 2022. CITTA is an Ogden, Utah customs brokerage specializing in duty drawback, classification and 301 exclusion piggybacking. Woodbridge International represented the sellers and announced the deal. The sellers are described only as CITTA's owners, and financ
- 6Concierge Plusacquired by Arnell Capital (Chicago-based investment firm) · Software · United StatesIn October 2022, investment bank Origin Merchant Partners announced that Concierge Plus Inc., a Florida-headquartered property-management software provider, had entered a strategic partnership with Arnell Capital, a Chicago-based private investment firm; Origin acted as exclusive financial advisor to Concierge Plus, so the deal appears to have come through a banker-run sale process. ESP lists its
- 7Cropsalsaacquired by Antesala Capital · Food manufacturing · SpainArganda del Rey (Madrid) maker of custom sauces for food industry and HORECA Backed by Beka Alpha Search Funds, ONEtoONE Asset Management, Cabiedes Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 8Cropsalsa (now Grupo Cropfoods)acquired by Antesala Capital · Food manufacturing · SpainMadrid maker of custom sauces for Horeca chains and food industry (~EUR 12M sales at acquisition); later merged with IBSA into Cropfoods Backed by JB46, ONEtoONE Asset Management (ONEtoONE Great Searchers), Itaca Capital Partners, ALZA Capital Partners, Beka Alpha Search Funds. Registry shows Antesala Cap SL as sole shareholder of Cropsalsa SA from 20 Apr 2022 with Bolivar and Casanovas as joint directors. ONEtoONE names Cropfoods CEOs Borja Bolivar / Josep Martinez (Casanovas). Source: https://www.empresia.es/empresa/cropsalsa/
- 9Eleven Softwareacquired by Ven Capital Partners · Software · United StatesManaged WiFi platform integrating WiFi into property management systems, loyalty databases, CRM’s, and social profiles
- 10Environmental Monitoring and Technologies (EMT)acquired by Fairview Succession LLC · Building Services · United StatesAnalytical laboratory and field sampling services
- 11EvoTextacquired by Aurora Growth Partners · Software · United StatesContent Management System (“CMS”) that allows content publishers to develop, manage, and deliver their content to K-12 public school districts
- 12GLP Canadaacquired by Stratos Growth Partners · Business Services · United StatesHVAC Distribution serving the Canadian market
- 13Grupo OHI (Odontología Hospitalaria Integral)acquired by Albatros Equity · Healthcare · SpainHospital dentistry group Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 14Objective Management Groupacquired by Fairfield Enterprises · Building Services · United StatesIndustry leader in sales force evaluations and sales candidate screening
- 15PageVaultacquired by Woodland Coast · Software · United StatesSoftware enabling legal professionals to capture web content
- 16Recambio Fácilacquired by Emptio Capital · Automotive marketplace · SpainSpain's leading online automotive spare-parts marketplace/SaaS (~500k transactions, ~EUR40M GMV in 2022) Backed by Beka Alpha Search Funds, Tres Coronas Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 17Termopackacquired by Road Capital · Packaging · SpainIndustrial packaging manufacturer Backed by Turtle Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/