Happy Friday and thanks to the 78 new subscribers who joined since the last edition. We’re the only news source tracking lower middle market M&A. Our goal is to keep you up to date on the latest information/transactions in the market and highlight market participants that are doing interesting things in the space.

This Week’s Feature

This week we're highlighting DealBuilder by Paratus Business Resources. DealBuilder is a deal support platform re-inventing the business-for-sale process for Main Street and the Lower Middle Market.

After operating under the traditional brokerage model for the past decade, Co-Founders Keith Mackenzie, Mike Lenz, and Morgan Tate recognized a few problems:

• Not every business requires a full-service broker, but most owners are unprepared to sell their business themselves.

• Inconsistent deal processes (NDAs, CIMs, valuations, etc.) cause deals to fall apart.

• M&A transaction costs are significant in comparison to other industries

Having previously completed over 250 successful transactions, the team has witnessed the good, the bad, and the ugly of M&A. Learning from these experiences, DealBuilder is designed to reduce transactional costs while keeping the deal process simple & efficient for both buyers & sellers.

DealBuilder offers a flat 2% fee-for-service model to Sellers and is free for Buyers. As a part of their fee, DealBuilder Sellers receive:

• A dedicated 'Deal Manager' for support throughout the entire sales process

• Access to DealBuilder's valuation software

• Their own 'Digital CIM' to present to buyers (see an example CIM here)

DealBuilder is industry agnostic and currently works with Sellers across Canada, the USA, and the UK.

You can learn more about DealBuilder by visiting the following links:

• Click here to learn more about selling with DealBuilder

• Register as a buyer for free here

Or you can reach out to DealBuilder's Co-Founder, Morgan Tate, directly at morgan@paratusbr.com or watch his interview on Acquisitions Anonymous here.

This Week’s LMM Activity

Peterson Partners, Trilogy Search Partners, and Maven Equity invest in hospice and home health co., Ennoble Care Link

CAI Capital Partners invests in traffic infrastructure electrical services provider, Midwestern Electric Link

Southfield Capital-backed Ntiva expands IT services footprint in Washington DC and the Rocky Mountains with acquisitions of NetLogicDC and Navakai Link

Nova Capital Management and Landon Capital Partners acquire engine management and fuel systems co., Wallbro Co. Link

SaaS platform Reepay joins forces with PSG-backed billwerk Link

NexPhase Capital sells Popcornopolis to Grupo Bimbo Link

HCI Equity Partners-backed Tech24 acquires Commercial Kitchens Link

PSG acquires SaaS-based electronic signature solutions, Universign Link

Michigan Institute of Urology (MIU) Joins Lee Equity Partners-backed, Solaris Link

RiverGlade Capital-backed USOSM partners with Oyster Point Oral & Facial Surgery of Newport News, VA Link

PennSpring Capital exits Securus Contact Systems and acquires Mobiniti to bolster its business process outsourcing portfolio Link

Nexphase Capital invests in healthcare marketing agency, Calcium Link

Seaport Capital invests in live entertainment co., Family Entertainment Holdings Link

Southfield Capital-backed American Refrigeration Company acquires Global Mechanical Link

HC Private Investments invests in logistics co. to the QSR market, Customized Distribution Link

Stone-Goff Partners sells marketing and sales solutions provider, The Channel Company, to EagleTree Capital Link

Fundraising

True Wind Capital raises $817m to invest in leading technology companies Link

Canadian based Iron Bridge Equity Partners raises Fund IV at C$383m Link

Other Stuff

Peterson Partners: Brand building and entrepreneurship with Davis Smith Link

Grand Rapids-based Blackford Capital, spreads its wings Link

McDonald’s and IBM are partnering to bring AI-powered drive-thrus to restaurants Link

Despite losing market share, smaller asset managers keep battling the giants Link