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Plexus Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Plexus Capital has acquired 18 companies. It has also invested in 14 others.

Plexus Capital’s most common sectors for investment arebusiness services (17%) and manufacturing (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (47%) and growth capital (21%). In total, Plexus Capital has invested in 32 US states. Its largest (disclosed) acquisition occurred in 2010 when it acquired AP Services for $22M.

In the last 3 years, Plexus Capital has exited 7 companies. The Firm’s most common exit type is trade sale (54%). Plexus Capital’s largest (disclosed) exit occurred in 2016 when it sold Infinity Homecare for $63M.

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M&A Summary

  • M&A Total Activity190
    • M&A Buy Activity147
    • M&A Sell Activity43
  • Total Sectors Invested 40
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 79
  • M&A Advisors 1

Plexus Capital

Plexus Capital

200 Providence Road, Suite 210,
Charlotte, North Carolina 28207
United States
(704) 927-6246
www.plexuscap.com
info@plexuscap.com

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


Investment Criteria

Sectors of Interest: Aerospace, Beverages, Building Materials, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Engineering, Healthcare Services, Machinery, Manufacturing, Metals/Mining, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Acquisition Financing, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 2 15
Investment Size 5 25
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (9.8/yr) # 98 17 9 14 9 - 147
vol $30M $30M
Sell (2.4/yr) # 31 5 3 1 1 2 43
vol $131M $131M
  190

Most Recent M&A

Company Date Value Type
SOLID Surface Care, Inc. 2025-06-10 - Secondary Sale
Charlotte, North Carolina · www.solidcare.com
S&K Building Services, Inc. 2025-02-13 - Secondary Sale
Indianapolis, Indiana · www.skbuildingservices.com
Pat Tank, Inc. 2024-10-30 - Secondary Buyout
Port Arthur, Texas · www.pattank.com
Annie Aesthetic 2024-10-04 - Growth Capital
New York City, New York · www.annieaesthetic.com
Shenandoah Industrial Solutions LLC 2024-09-12 - Secondary Sale
Pompano Beach, Florida · www.shenandoahus.com
Smash Franchise Partners LLC 2024-07-22 - Growth Capital
Carmel, Indiana · www.smashmytrash.com
Total Resource Management, Inc. 2024-07-18 - Growth Capital
Alexandria, Virginia · www.trmnet.com
Surgery Stuff LLC 2024-07-03 - Growth Capital
Fairfax, Virginia · www.surgerystuff.com
Radnor Roofing, Inc. 2024-05-31 - Growth Capital
Nashville, Tennessee · www.radnorroofing.com
Guardian Logistics Solutions 2024-05-10 - Growth Capital
Durham, North Carolina · www.teamguardian.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Revelation Pharma Corp. 2021-03-23 AleraCare Holdings LLC 2025-01-07 11
Greenwood Village, Colorado · www.revelationpharma.com Phoenix, Arizona · www.aleracare.com
Revelation Pharma Corp. 2021-03-23 Wedgewood Pharmacy - Human-Health Book of Business 2022-06-16 10
Greenwood Village, Colorado · www.revelationpharma.com Swedesboro, New Jersey
Oakpoint 2019-09-01 Axiom Dentistry - Non-Clinical Assets 2021-04-16 1
Raleigh, North Carolina · www.oakpoint.us Knightdale, North Carolina
Legacy-Xspire Holdings LLC 2019-12-18 New American Therapeutics - ZONTIVITY 2020-09-03 4
Ridgeland, Mississippi Parsippany, New Jersey

M&A by Sector

Sector Current # Value All-time # Value
Business Services 12 (15%) - 24 (16%) -
Manufacturing 8 (10%) - 12 (8%) -
Healthcare Services 5 (6%) - 9 (6%) -
Information Technology 6 (8%) - 9 (6%) -
Internet Software and Services 3 (4%) - 6 (4%) -
Consumer Products 2 (3%) - 5 (3%) -
Food 1 (1%) - 5 (3%) -
Machinery 4 (5%) - 5 (3%) -
Distribution 1 (1%) - 4 (3%) 22M (74%)
Beverages - - 4 (3%) -
Construction 2 (3%) - 4 (3%) -
Energy Services and Equipment 1 (1%) - 4 (3%) -
Life Science 3 (4%) - 4 (3%) -
Software 3 (4%) - 4 (3%) -
Building Materials 1 (1%) - 3 (2%) 8M (26%)
Aerospace 2 (3%) - 3 (2%) -
Apparel/Textiles - - 3 (2%) -
Automotive 3 (4%) - 3 (2%) -
Communications 1 (1%) - 3 (2%) -
Electrical Equipment 1 (1%) - 3 (2%) -
Environmental 2 (3%) - 3 (2%) -
Transportation 2 (3%) - 3 (2%) -
Engineering 1 (1%) - 2 (1%) -
Marketing 2 (3%) - 2 (1%) -
Medical Products 1 (1%) - 2 (1%) -
Packaging 2 (3%) - 2 (1%) -
Renewable Energy 2 (3%) - 2 (1%) -
Safety/Security 1 (1%) - 2 (1%) -
Chemicals 1 (1%) - 1 (1%) -
Consumer Services 1 (1%) - 1 (1%) -
Digital Media 1 (1%) - 1 (1%) -
E-Commerce - - 1 (1%) -
Electronics - - 1 (1%) -
Franchising - - 1 (1%) -
Marine - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Plastics 1 (1%) - 1 (1%) -
Real Estate 1 (1%) - 1 (1%) -
Staffing 1 (1%) - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 78 - 147 $30M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 78 (100%) - 147 (100%) 30M (100%)
  Florida 9 (12%) - 18 (12%) 8M (26%)
  North Carolina 8 (10%) - 18 (12%) -
  Texas 7 (9%) - 11 (7%) -
  California 6 (8%) - 9 (6%) -
  Colorado 7 (9%) - 8 (5%) -
  New Jersey 5 (6%) - 7 (5%) -
  New York 3 (4%) - 7 (5%) -
  Virginia 3 (4%) - 6 (4%) -
  Pennsylvania 2 (3%) - 6 (4%) 22M (74%)
  Georgia 2 (3%) - 6 (4%) -
  Illinois 4 (5%) - 5 (3%) -
  South Carolina 2 (3%) - 4 (3%) -
  Massachusetts 2 (3%) - 4 (3%) -
  Indiana 2 (3%) - 4 (3%) -
  Utah 1 (1%) - 4 (3%) -
  Louisiana 1 (1%) - 4 (3%) -
  Ohio 3 (4%) - 3 (2%) -
  Maryland 2 (3%) - 3 (2%) -
  Rhode Island - - 3 (2%) -
  Washington 2 (3%) - 2 (1%) -
  Tennessee 1 (1%) - 2 (1%) -
  Mississippi 1 (1%) - 2 (1%) -
  Kansas 1 (1%) - 2 (1%) -
  Arizona 1 (1%) - 1 (1%) -
  Oklahoma 1 (1%) - 1 (1%) -
  Minnesota 1 (1%) - 1 (1%) -
  Idaho 1 (1%) - 1 (1%) -
  Alabama - - 1 (1%) -
  Nevada - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Iowa - - 1 (1%) -
Total 78 - 147 $30M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 37 (47%) - 69 (47%) 30M (100%)
Growth Capital 22 (28%) - 30 (20%) -
Recapitalization 12 (15%) - 29 (20%) -
Secondary Buyout 3 (4%) - 10 (7%) -
Acquisition Financing - - 5 (3%) -
Consolidation 3 (4%) - 3 (2%) -
Stake Purchase 1 (1%) - 1 (1%) -
Total 78 - 147 $30M

Exits by Deal Type

Type Total # Value
Trade Sale 20 (47%) -
Secondary Sale 10 (23%) -
Trade Sale - Public Company 6 (14%) 131M (100%)
Recapitalization 3 (7%) -
Bankruptcy 1 (2%) -
IPO 1 (2%) -
Merger 1 (2%) -
Unknown 1 (2%) -
Total 43 $131M

Top M&A Advisors

Legal Deals
Donahue Fitzgerald
 1

Deal Values

buy # Total
< $100M 2 $30M
TOTAL $30M
Largest AP Services, Inc.
$22M (2010-09-15)
sell # Total
< $100M 4 $131M
TOTAL $131M
Largest Infinity Homecare, Inc.
$63M (2016-01-04)

M&A Connections

Deals
Acquired from
Investor(s)
7%
10 (7%)
Exited to
Investor(s)
28%
12 (28%)
Strategic(s)
56%
24 (56%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

2.2B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Michael Painter

Co-Founder & Managing Partner

Bob Anders

Co-Founder & Partner

Mike Becker

Co-Founder & Partner

Sean McDonell

Head of Capital Formation and Investor Relations

Alex Bean

Partner

FAQ

When was Plexus Capital founded?

Plexus Capital was founded in 1995.

What type of investor is Plexus Capital?

Plexus Capital is a private equity firm.

Where is Plexus Capital headquartered?

Plexus Capital is headquartered in Charlotte, North Carolina.

How much capital does Plexus Capital have under management?

Plexus Capital has 2.2B USD under management.

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