+ All Categories
Home > Documents > Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc....

Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc....

Date post: 19-Jul-2020
Category:
Upload: others
View: 1 times
Download: 0 times
Share this document with a friend
15
Transcript
Page 3: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Strategic88%

Financial12%

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA3/29/18 Element Solutions LLC Hinduja Global Solutions UK Ltd. IT Services 8.77 1.04x -

3/26/18 United American Security LLC Garda World Security Corp.; Rhône Capital

LLC

Facility and Industrial Services 70.70 - -

3/22/18 Cartesian, Inc. Blackstreet Capital Holdings LLC Specialty Consulting 10.57 0.21x -

3/2/18 3Q Digital LLC (Hart Hanks subsidiary) 3Q Digital Management Marketing Services 45.00 - -

2/28/18 Kratos Public Safety & Security Solutions, Securitas Electronic Security, Inc. Facility and Industrial Services 69.00 - -

2/26/18 Discovery Education, Inc. Francisco Partners Management LLC Education and Training 120.00 - -

2/26/18 Copesan Services, Inc. ServiceMaster Global Holdings, Inc. Facility and Industrial Services 110.00 - -

2/22/18 AboveNation Media LLC Huntsworth Plc Marketing Services 2.33 1.79x 4.67x

2/21/18 Ivie & Associates, Inc. Quad/Graphics, Inc. Marketing Services 108.50 0.21x -

2/13/18 Triton Digital Canada, Inc. Audioboom Group Plc Marketing Services 185.00 - -

1/18/18 La Quinta Holdings, Inc. (Hotel Franchise &

Mgmt Business)

Wyndham Worldwide Corp. Facility and Industrial Services 1,715.00 - -

17

32 33 35

3

38

2

16

38 41

- 5

10 15 20 25 30 35 40 45

Educationand Training

BusinessProcess

Outsourcing

Facility andIndustrialServices

HumanResources

InformationServices

MarketingServices

Real EstateServices

IT Services SpecialtyConsulting

ProfessionalServices

Page 4: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Strategic Buyer Inv. Date Select Corporate Acquisitions

Ecolab, Inc. 1/2/2018 ▪ Cascade Water Services, Inc.

12/4/2017 ▪ Royal Pest Solutions, Inc.

12/4/2017 ▪ Food Protection Services LLC

12/4/2017 ▪ Research Fumigation Co. LLC

Accenture PLC 3/29/2018 ▪ Meredith Xcelerated Marketing Corp.

12/14/2017 ▪ Rothcove Partners

9/6/2017 ▪ Interactive Broadband Consulting Group LLC

9/6/2017 ▪ Matter, Inc.

7/12/2017 ▪ clearhead Group LLC

6/7/2017 ▪ Phase One Consulting Group, Inc.

6/1/2017 ▪ LabAnswer Government LLC

4/12/2017 ▪ Beespath, Inc. (Closingbridge)

Sunbelt Rentals, Inc. 6/1/2017 ▪ MSP Equipment Rentals, Inc.

5/22/2017 ▪ RGR Equipment LLC

5/1/2017 ▪ Noble Rents, Inc. (Equipment Rental Operations)

4/26/2017 ▪ Van's Equipment Denver LLC

4/3/2017 ▪ Pride Equipment Corp.

1/17/2017 ▪ Arsenal Equipment Rentals, Inc.

9/15/2016 ▪ Tower Tech, Inc. (Rental Division)

6/6/2016 ▪ One Source Cooling LLC

Novume Solutions, Inc. 10/13/2017 ▪ NeoSystems Corp.

9/22/2017 ▪ Global Technical Services, Inc.

9/22/2017 ▪ Global Contract Professionals, Inc.

United Rentals, Inc. 3/1/2018 ▪ Industrial Radio Rentals

8/22/2017 ▪ Cummins, Inc. (Portable Power)

8/17/2017 ▪ Neff Corp.

1/25/2017 ▪ NES Rentals Holdings, Inc.

Arrow Exterminators, Inc. 6/1/2017 ▪ Gary's Quality Pet Control, Inc.

3/9/2017 ▪ Exterm-A-Tech, Inc.

12/1/2016 ▪ Action Termite & Pest Control LLC11/2/2016 ▪ Whitco Pest Management, Inc.

5/10/2016 ▪ Spencer Pest Services Co. Of South Carolina, Inc.

Financial Buyer Inv. Date Select Corporate Acquisitions

CI Capital Partners LLC 2/1/2018 ▪ Mingerink & Associates, Inc.

1/19/2018 ▪ AFPC Co.

10/17/2017 ▪ Beyond Vigilant LLC

9/7/2017 ▪ Delphic Digital LLC

8/3/2017 ▪ Performance Sales & Marketing

6/6/2017 ▪ Nature's Trees, Inc.

4/4/2017 ▪ Signature Specialty Sales & Marketing, Inc.

3/6/2017 ▪ Simplified Logistics LLC

Genstar Capital LLC 3/27/2018 ▪ Avintus LLC

3/20/2018 ▪ Chard, Snyder & Associates, Inc.

9/7/2017 ▪ Institutional Shareholder Services, Inc.

7/10/2017 ▪ STACK Media, Inc.

Audax Private Equity 12/20/2017 ▪ Liquid Environmental Solutions Corp.

10/23/2017 ▪ CitizenHawk, Inc.

7/10/2017 ▪ EnviroVac Holdings LLC

Water Street Healthcare Partners LLC 12/5/2017 ▪ Alliance Life Sciences Consulting Group, Inc.

12/5/2017 ▪ Health Strategies Group, Inc.

2/13/2017 ▪ Pacific Federal LLC

Page 5: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

Education & Training Facility Services and Industrial Services

Real Estate Services Specialty Consulting

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

Business Process Outsourcing Information Services Human Resources

Marketing Services IT Services S&P 500

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Pearson Plc PSON-GB 8,202$ 10.51$ 1.8% 1.8% 96.5% (7.3%) 22.6% 1.4x 7.2x 16.4x 1.6x 9.8x

John Wiley & Sons, Inc. JW.A-US 3,657 63.70 -3.1% -3.1% 93.1% 0.5% 23.2% 2.2x 9.7x 20.0x 2.2x 9.7x

Graham Holdings Co. GHC-US 2,731 602.25 7.9% 7.9% 97.8% NM 15.3% 1.1x 8.1x 11.2x NM NM

Strayer Education, Inc. STRA-US 1,128 101.05 12.8% 12.8% 96.4% 4.5% 14.1% 2.1x 13.7x 54.9x 2.1x 11.4x

Capella Education Co. CPLA-US 1,018 87.35 12.9% 12.9% 88.0% 2.9% 20.6% 2.0x 10.2x 44.6x 2.0x 9.7x

Career Education Corp. CECO-US 908 13.14 8.8% 8.8% 91.7% 1.7% 9.3% 1.2x 15.1x NM 1.2x NM

K12, Inc. LRN-US 587 14.18 -10.8% -10.8% 66.9% 4.1% 14.9% 0.4x 3.6x NM 0.4x 2.9x

GP Strategies Corp. GPX-US 376 22.65 -2.4% -2.4% 72.5% 5.6% 5.1% 0.8x 13.2x 29.8x 0.8x 8.5x

Bridgepoint Education, Inc. BPI-US 183 6.74 -18.8% -18.8% 42.5% (5.1%) (1.8%) (0.1x) (0.9x) 21.1x 0.0x 0.7x

1.0% 1.0% 82.8% 0.9% 13.7% 1.3x 8.9x 28.3x 1.3x 7.6x1.8% 1.8% 91.7% 2.3% 14.9% 1.2x 9.7x 21.1x 1.4x 9.7x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 6: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Waste Management, Inc. WM-US 36,372$ 84.12$ -2.5% -2.5% 93.7% 5.4% 28.6% 3.2x 11.1x 19.1x 3.0x 10.9x

Republic Services, Inc. RSG-US 21,936 66.23 -2.0% -2.0% 95.4% 2.3% 27.1% 3.0x 10.8x 17.6x 3.0x 10.4x

Waste Connections, Inc. WCN-US 18,905 71.74 1.1% 1.1% 96.2% 6.5% 30.5% 4.8x 15.7x 32.8x 4.6x 14.1x

Cintas Corp. CTAS-US 18,198 170.58 9.5% 9.5% 95.6% 6.3% 17.3% 3.3x 17.1x 28.8x 3.2x 15.2x

United Rentals, Inc. URI-US 14,537 172.73 0.5% 0.5% 90.6% 15.6% 46.6% 3.3x 7.4x 11.0x 3.1x 6.3x

Aramark ARMK-US 9,725 39.56 -7.4% -7.4% 85.8% 8.1% 9.1% 1.1x 12.5x 18.4x 1.1x 10.1x

Iron Mountain, Inc. IRM-US 9,318 32.86 -12.9% -12.9% 79.1% 10.1% 32.9% 4.0x 12.3x 48.1x 3.5x 10.1x

Stericycle, Inc. SRCL-US 5,007 58.53 -13.9% -13.9% 66.5% (0.1%) 21.0% 2.2x 9.5x NM 2.2x 9.7x

Clean Harbors, Inc. CLH-US 2,758 48.81 -9.9% -9.9% 79.2% 11.7% 13.6% 1.4x 9.5x 27.7x 1.2x 8.6x

FirstService Corp. FSV-US 2,532 73.18 4.7% 4.7% 98.2% 9.6% 9.0% 1.7x 18.7x 50.5x 1.6x 16.3x

UniFirst Corp. UNF-US 2,502 161.65 -2.0% -2.0% 91.8% 3.3% 15.6% 1.7x 10.1x 29.5x 1.7x 10.5x

ABM Industries, Inc. ABM-US 2,200 33.48 -11.2% -11.2% 74.2% 15.6% 4.0% 0.6x 15.1x 22.4x 0.5x 9.4x

Covanta Holding Corp. CVA-US 1,899 14.50 -14.2% -14.2% 83.8% 4.3% 22.6% 2.5x 15.5x 33.0x 2.4x 9.8x

H&E Equipment Services, Inc. HEES-US 1,372 38.49 -5.3% -5.3% 87.0% 9.5% 30.4% 2.1x 6.8x 12.5x 1.9x 6.0x

US Ecology, Inc. ECOL-US 1,166 53.30 4.5% 4.5% 89.3% 8.1% 26.0% 2.8x 12.9x 23.7x 2.6x 11.1x

Casella Waste Systems, Inc. CWST-US 965 23.38 1.6% 1.6% 85.4% 5.0% 20.0% 2.5x 11.4x NM 2.3x 10.5x

SP Plus Corp. SP-US 803 35.60 -4.0% -4.0% 85.4% (41.6%) 5.6% 0.6x 8.4x 19.5x 1.0x 9.4x

Team, Inc. TISI-US 412 13.75 -7.7% -7.7% 45.5% 5.5% 3.9% 0.6x 56.3x NM 0.6x 8.2x

CECO Environmental Corp. CECE-US 154 4.45 -13.3% -13.3% 37.0% (6.1%) 10.0% 0.7x 8.6x NM 0.8x 7.6x

4.2% 19.7%6.3% 20.0%

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Cognizant Technology Solutions Corp. CTSH-US 47,338$ 80.50$ 13.3% 13.3% 94.6% 11.8% 19.4% 2.9x 15.1x 31.8x 2.6x 12.3x

Convergys Corp. CVG-US 2,073 22.62 -3.7% -3.7% 84.8% (5.3%) 12.7% 0.8x 6.1x 18.6x 0.9x 7.2x

Virtusa Corp. VRTU-US 1,426 48.46 9.9% 9.9% 91.6% 25.6% 6.3% 1.5x 25.9x NM 1.2x 13.8x

TTEC Holdings, Inc. TTEC-US 1,408 30.70 -23.7% -23.7% 70.2% 2.2% 16.0% 1.1x 8.1x 191.9x 1.1x 8.2x

Sykes Enterprises, Inc. SYKE-US 1,241 28.94 -8.0% -8.0% 83.9% 7.4% 10.4% 0.7x 6.7x 38.1x 0.7x 6.3x

Unisys Corp. UIS-US 544 10.75 31.9% 31.9% 75.4% (0.1%) 18.2% 0.2x 1.6x NM 0.2x 1.2x

6.9% 13.8%

4.8% 14.4%

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Automatic Data Processing, Inc. ADP-US 50,302$ 113.48$ -3.2% -3.2% 90.6% 9.1% 20.7% 4.0x 18.4x 29.3x 3.6x 16.8x

ManpowerGroup, Inc. MAN-US 7,615 115.10 -8.7% -8.7% 84.1% 11.5% 4.6% 0.4x 8.9x 14.3x 0.3x 8.3x

Robert Half International, Inc. RHI-US 7,194 57.89 4.2% 4.2% 95.5% 7.3% 10.8% 1.3x 12.0x 24.8x 1.3x 11.3x

51job, Inc. JOBS-US 5,316 86.04 41.4% 41.4% 96.3% 39.3% NM 10.7x 32.7x 93.9x 7.6x 20.5x

ASGN, Inc. ASGN-US 4,272 81.88 27.4% 27.4% 95.1% 22.4% 11.3% 1.8x 16.7x 27.6x 1.5x 12.7x

TriNet Group, Inc. TNET-US 3,261 46.32 4.5% 4.5% 94.5% (73.3%) 6.7% 1.0x 13.2x 18.6x 3.9x 11.4x

Insperity, Inc. NSP-US 2,921 69.55 21.3% 21.3% 95.8% 15.1% 3.5% 0.8x 17.5x 34.6x 0.7x 12.7x

Korn/Ferry International KFY-US 2,914 51.59 24.7% 24.7% 98.9% 3.3% 13.6% 1.6x 10.7x 24.6x 1.5x 9.6x

WageWorks, Inc. WAGE-US 1,792 45.20 -27.1% -27.1% 59.0% NM NM 2.5x 10.0x NM 2.2x 6.8x

Kelly Services, Inc. KELYA-US 1,125 29.04 6.5% 6.5% 93.7% 6.0% 2.4% 0.2x 10.1x 16.0x 0.2x 8.5x

TrueBlue, Inc. TBI-US 1,063 25.90 -5.8% -5.8% 87.8% 2.8% 5.2% 0.5x 9.3x 19.3x 0.5x 8.8x

Kforce, Inc. KFRC-US 710 27.05 7.1% 7.1% 92.2% 5.3% 6.0% 0.6x 11.3x 20.8x 0.6x 8.9x

Heidrick & Struggles International, Inc. HSII-US 588 31.25 27.3% 27.3% 95.7% 2.5% 7.0% 0.8x 8.6x NM 0.8x 8.0x

ShiftPixy, Inc. PIXY-US 82 2.85 -1.0% NM 24.5% NM (33.7%) 3.4x NM NM NM NM

4.3% 8.3%6.6% 6.7%

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 7: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

S&P Global, Inc. SPGI-US 47,643$ 191.06$ 12.8% 12.8% 96.6% 7.6% 53.0% 8.2x 16.8x 33.1x 7.9x 15.9x

Moody's Corp. MCO-US 30,826 161.30 9.3% 9.3% 94.0% 13.2% 44.5% 8.4x 17.8x 31.3x 7.5x 15.5x

Thomson Reuters Corp. TRI-CA 27,403 38.62 -9.1% -9.1% 79.4% (50.5%) 29.7% 3.0x 9.8x 19.9x 6.1x 18.9x

Experian Plc EXPN-GB 19,803 21.57 -6.0% -6.0% 91.4% 0.7% 33.7% 4.9x 13.9x 24.2x 4.8x 13.6x

IHS Markit Ltd. INFO-US 19,288 48.24 6.8% 6.8% 96.5% 7.0% 32.0% 6.3x 19.5x 33.7x 6.1x 15.3x

Verisk Analytics, Inc. VRSK-US 17,162 104.00 8.3% 8.3% 98.0% 11.9% 48.3% 9.3x 19.1x 31.6x 8.5x 17.5x

Equifax, Inc. EFX-US 14,147 117.81 -0.1% -0.1% 80.1% 5.3% 41.8% 4.9x 13.5x 24.4x 4.7x 14.0x

CoStar Group, Inc. CSGP-US 13,091 362.68 22.1% 22.1% 95.8% 26.8% 27.6% 11.9x 45.4x 99.1x 10.1x 30.8x

Alliance Data Systems Corp. ADS-US 11,805 212.86 -16.0% -16.0% 76.5% 10.0% 27.7% 2.9x 10.4x 15.1x 2.7x 10.2x

Gartner, Inc. IT-US 10,684 117.62 -4.5% -4.5% 82.7% 28.5% 14.9% 4.1x 34.2x NM 3.1x 16.6x

FactSet Research Systems, Inc. FDS-US 7,752 199.42 3.5% 3.5% 91.7% 7.3% 32.4% 6.2x 18.9x 31.8x 5.9x 17.8x

Fair Isaac Corp. FICO-US 5,093 169.37 10.6% 10.6% 94.3% 8.6% 20.2% 6.0x 25.6x 46.0x 5.7x 20.2x

Dun & Bradstreet Corp. DNB-US 4,339 117.00 -1.2% -1.2% 89.3% 2.5% 38.3% 3.2x 11.1x 30.7x 3.1x 10.7x

CoreLogic, Inc. CLGX-US 3,686 45.23 -2.1% -2.1% 91.7% 0.2% 25.1% 2.9x 12.6x 25.4x 3.0x 11.5x

Acxiom Corp. ACXM-US 1,787 22.71 -17.6% -17.6% 69.0% 9.4% 15.9% 2.0x 16.4x NM 2.0x 9.7x

comScore, Inc. SCOR-US 1,316 24.07 -15.5% -15.5% 77.6% 1.5% (27.2%) 3.3x NM NM 3.3x 53.0x

Forrester Research, Inc. FORR-US 749 41.45 -6.2% -6.2% 86.8% 6.6% 10.5% 1.8x 17.6x 49.9x 1.7x 13.2x

5.7% 27.6%7.3% 29.7%

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

WPP Plc WPP-GB 20,112$ 15.89$ -15.5% -15.5% 69.8% (8.5%) 18.5% 1.3x 8.3x 8.6x 1.4x 7.7x

Omnicom Group, Inc. OMC-US 16,734 72.67 -0.2% -0.2% 83.8% 4.2% 16.5% 1.3x 8.3x 15.6x 1.3x 8.2x

Publicis Groupe SA PUB-FR 16,061 69.58 -0.1% -0.1% 88.3% (0.7%) 19.5% 1.4x 8.1x 16.2x 1.4x 8.1x

Interpublic Group of Cos., Inc. IPG-US 8,854 23.03 14.2% 14.2% 88.5% 4.2% 23.5% 1.2x 8.6x 15.8x 1.2x 8.1x

UBM Plc UBM-GB 5,186 13.16 25.6% 25.6% 98.1% (1.8%) 33.4% 4.2x 14.1x 27.5x 4.3x 14.1x

Ipsos SA IPS-FR 1,744 39.26 4.0% 4.0% 93.1% 1.8% 14.9% 1.0x 9.2x 11.6x 1.0x 8.8x

InnerWorkings, Inc. INWK-US 485 9.05 -9.8% -9.8% 75.2% 7.6% 3.7% 0.5x 11.2x NM 0.5x 7.7x

1.0% 18.6%1.8% 18.5%

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

CBRE Group, Inc. CBG-US 16,042$ 47.22$ 9.0% 9.0% 97.6% 11.5% 12.2% 1.3x 12.5x 23.3x 1.2x 10.0x

CoStar Group, Inc. CSGP-US 13,091 362.68 22.1% 22.1% 95.8% 26.8% 27.6% 11.9x 45.4x 99.1x 10.1x 30.8x

Jones Lang LaSalle, Inc. JLL-US 7,930 174.64 17.3% 17.3% 97.7% 7.0% 13.4% 1.1x 13.1x 31.5x 1.0x 10.9x

Realogy Holdings Corp. RLGY-US 3,568 27.28 2.9% 2.9% 77.5% 3.3% 9.8% 1.1x 9.4x 8.8x 1.1x 9.8x

Kennedy-Wilson Holdings, Inc. KW-US 2,628 17.40 0.3% 0.3% 76.8% (6.7%) 17.0% 10.1x 32.3x NM 10.0x 18.4x

Newmark Group, Inc. NMRK-US 2,110 15.19 NM NM 89.5% 39.7% 8.5% 2.6x 16.4x 17.9x 1.7x 6.6x

Fang Holdings Ltd. SFUN-US 1,651 5.14 -7.9% -7.9% 92.1% 13.2% 33.1% 4.0x 29.3x 142.4x 5.2x 13.5x

RE/MAX Holdings, Inc. RMAX 1,070 60.45 24.6% 24.6% 89.6% 7.8% 38.2% 4.3x 10.8x 84.0x 4.0x 7.7x

Altisource Portfolio Solutions SA ASPS 462 26.56 -5.1% -5.1% 56.5% (11.2%) (4.4%) 0.7x 5.7x 1.6x 0.9x 9.1x

10.2% 17.3%7.8% 13.4%

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 8: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

International Business Machines Corp. IBM-US 141,335$ 153.43$ 0.0% 0.0% 87.0% 1.4% 23.9% 2.2x 11.6x 25.0x 2.2x 9.1x

Accenture Plc ACN-US 98,581 153.50 0.3% 0.3% 92.7% 3.8% 15.3% 2.4x 14.8x 27.0x 2.4x 13.9x

Cognizant Technology Solutions Corp. CTSH-US 47,338 80.50 13.3% 13.3% 94.6% 11.8% 19.4% 2.9x 15.1x 31.8x 2.6x 12.3x

CGI Group, Inc. GIB.A-CA 14,685 57.63 8.8% 8.8% 96.2% 5.2% 17.7% 2.1x 12.9x 21.0x 2.0x 10.9x

Leidos Holdings, Inc. LDOS-US 9,918 65.40 1.3% 1.3% 93.3% 3.9% 9.3% 1.2x 12.4x 27.5x 1.2x 11.8x

EPAM Systems, Inc. EPAM-US 6,074 114.52 6.6% 6.6% 91.0% 31.3% 15.0% 3.8x 27.4x NM 3.0x 17.1x

Booz Allen Hamilton Holding Corp. BAH-US 5,617 38.72 1.5% 1.5% 96.2% 7.1% 9.0% 1.2x 12.2x 20.3x 1.1x 11.7x

Teradata Corp. TDC-US 4,797 39.67 3.1% 3.1% 92.6% 1.9% 15.0% 2.1x 19.2x NM 2.1x 12.1x

InterXion Holding NV INXN-US 4,430 62.11 5.4% 5.4% 97.0% 29.7% 43.1% 9.8x 22.8x 93.3x 7.6x 16.5x

CACI International, Inc. CACI-US 3,727 151.35 14.4% 14.4% 94.9% 3.8% 9.9% 1.1x 12.8x 14.1x 1.1x 12.1x

ManTech International Corp. MANT-US 1,444 55.47 10.5% 10.5% 89.1% 13.7% 7.8% 1.3x 16.6x 19.0x 1.1x 13.5x

Presidio, Inc. PSDO-US 1,438 15.64 -18.4% NM 79.2% 8.3% 7.2% 0.8x 10.5x 13.2x 0.8x 9.7x

Virtusa Corp. VRTU-US 1,426 48.46 9.9% 9.9% 91.6% 25.6% 6.3% 1.5x 25.9x NM 1.2x 13.8x

The Hackett Group, Inc. HCKT-US 469 16.06 2.2% 2.2% 78.9% 4.4% 14.0% 1.6x 12.7x 18.9x 1.7x 10.0x

Unisys Corp. UIS-US 544 10.75 31.9% 31.9% 75.4% (0.1%) 18.2% 0.2x 1.6x NM 0.2x 1.2x

ServiceSource International, Inc. SREV-US 345 3.81 23.3% 23.3% 91.4% 3.8% 10.6% 1.3x 48.5x NM 1.2x 13.3x

9.7% 15.1%4.8% 14.5%

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Exponent, Inc. EXPO-US 2,027$ 78.65$ 10.6% 10.6% 96.9% 4.3% 21.9% 5.3x 24.2x 51.4x 5.4x 21.1x

FTI Consulting, Inc. FCN-US 1,812 48.41 12.7% 12.7% 95.3% 3.8% 12.0% 1.1x 10.4x 17.6x 1.1x 9.7x

ICF International, Inc. ICFI-US 1,088 58.45 11.3% 11.3% 94.3% 4.3% 8.4% 1.0x 11.5x 17.9x 1.0x 10.4x

CBIZ, Inc. CBZ-US 1,004 18.25 18.1% 18.1% 92.9% 7.2% 1.9% 1.3x 12.8x 20.2x 1.3x 10.6x

Navigant Consulting, Inc. NCI-US 867 19.24 -0.9% -0.9% 78.6% (7.6%) 12.7% 1.0x 7.9x 12.4x 1.1x 8.2x

Huron Consulting Group, Inc. HURN-US 854 38.10 -5.8% -5.8% 81.3% (7.1%) 15.0% 1.5x 8.0x NM 1.5x 12.2x

Resources Connection, Inc. RECN-US 508 16.20 4.9% 4.9% 94.7% 11.6% 6.3% 0.9x 12.0x 25.7x 0.8x 10.6x

16.5% 11.2%4.3% 12.0%

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 9: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

5.5x 5.8x 5.9x6.4x6.4x 6.6x 6.5x 6.7x

7.5x 7.8x7.3x

8.3x7.5x

9.0x 9.0x 9.2x

0.0x

2.0x

4.0x

6.0x

8.0x

10.0x

2014 2015 2016 2017

$10-25mm $25-50mm $50-100mm $100-250mm

Page 11: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA3/31/18 BOC Staffing Solutions Parseq Ltd.; The Panther Group Ltd. Human Resources - - -

3/31/18 SBD Advisors LLP C5 Capital Ltd.; ITC Global Security Ltd. Specialty Consulting - - -

3/31/18 Tallience LLC Steven Douglas Associates, Inc. Human Resources - - -

3/30/18 Gardere Wynne Sewell LLP Foley & Lardner LLP Professional Services - - -

3/30/18 Renovus Capital Partners (Subsidiaries (2)) Frontenac Co. LLC Education and Training - - -

3/30/18 Air Pollution Testing, Inc. Align Capital Partners, LLC; Alliance Source Testing

LLC

Facility and Industrial Services - - -

3/30/18 RMSA Retail Solutions LLC Versata Software, Inc.; ESW Capital LLC Business Process Outsourcing - - -

3/29/18 C3 Consulting LLC Ankura Consulting Group LLC Specialty Consulting - - -

3/29/18 Element Solutions LLC Hinduja Global Solutions UK Ltd. IT Services 8.77 1.04x -

3/29/18 Meredith Xcelerated Marketing Corp. Accenture Plc Marketing Services - - -

3/29/18 FourV Systems LLC Columbia Capital LLC (Virginia); Harmony Partners

Management Co. LLC; OPAQ Networks, Inc.

IT Services - - -

3/29/18 Silverlode Consulting Corp. GBX Group LLC Specialty Consulting - - -

3/28/18 Total Quality Corp. LLC Levine Leichtman Capital Partners, Inc.; FlexXray

LLC

Business Process Outsourcing - - -

3/27/18 Avintus LLC Genstar Capital LLC; Aquiline Capital Partners LLC;

Ascensus, Inc.

Human Resources - - -

3/26/18 United American Security LLC Garda World Security Corp.; Rhône Capital LLC Facility and Industrial Services 70.70 - -

3/23/18 Outdoor Hub LLC VerticalScope, Inc.; VerticalScope USA, Inc. Marketing Services - - -

3/22/18 Thomson Financial Management, Inc. Bloomfield Hills Financial, Inc. Professional Services - - -

3/22/18 Cartesian, Inc. Blackstreet Capital Holdings LLC Specialty Consulting 10.57 0.21x -

3/22/18 Zodiac, Inc. NIKE, Inc. Specialty Consulting - - -

3/22/18 Advance Systems, Inc. Mitrefinch Ltd. Human Resources - - -

3/22/18 Smart Rhino Labs LLC Aurora Capital Group LP; Randall-Reilly Marketing Services - - -

3/21/18 Rise Interactive, Inc. Quad/Graphics, Inc. Marketing Services - - -

3/21/18 Hornby Zeller Associates, Inc. Public Consulting Group, Inc. Specialty Consulting - - -

3/21/18 Avetta LLC Welsh, Carson, Anderson & Stowe; TCMI, Inc.;

Avetta LLC (Private Group)

Human Resources - - -

3/20/18 Chard, Snyder & Associates, Inc. Genstar Capital LLC; Aquiline Capital Partners LLC;

Ascensus, Inc.

Business Process Outsourcing - - -

3/20/18 Newbury Consulting Group, Inc. Evolutionary Systems Pvt Ltd. Specialty Consulting - - -

3/20/18 Netanium LLC Atlantic Data Security LLC IT Services - - -

3/19/18 myON LLC Renaissance Learning, Inc.; Hellman & Friedman

LLC; CapitalG

Education and Training - - -

3/19/18 SAY Media, Inc. theMaven, Inc. Marketing Services 12.28 - -

3/16/18 The Flyer, Inc. Valassis Communications, Inc.; M&F Worldwide

Corp.; Harland Clarke Holdings

Marketing Services - - -

3/14/18 Linium LLC Ness Technologies, Inc.; TRG Management LP Specialty Consulting - - -

3/14/18 Logic PD, Inc. Compass Group Equity Partners LLC Business Process Outsourcing - - -

3/13/18 Kroll, Inc. The Carlyle Group LP and others Specialty Consulting - - -

3/13/18 Jobscience, Inc. Insight Venture Management LLC; Bullhorn, Inc. Human Resources - - -

3/13/18 Acme Security Systems ADT, Inc. Facility and Industrial Services - - -

3/13/18 The Financial Services Roundtable The Clearing House Association LLC Professional Services - - -

3/13/18 Confluence Technologies, Inc. TA Associates Management LP Business Process Outsourcing - - -

3/13/18 Penbridge Advisors LLC BCG Pension Risk Consultants, Inc. Professional Services - - -

3/13/18 Berger Firm P.A. The Law Offices of Michelle Ghidotti Professional Services - - -

3/13/18 LFB Media Group LLC The BMF Media Group LLC Marketing Services - - -

3/13/18 Co&P Integrated Marketing LLC Faction Media LLP Marketing Services - - -

3/13/18 Twin City Maintenance Team, Inc. RWK Services, Inc. Facility and Industrial Services - - -

3/13/18 SHIFT Mudd, Inc. Business Process Outsourcing - - -

3/13/18 Agency A La Carte LLC Hueman People Solutions LLC Human Resources - - -

3/12/18 Qustn Technologies, Inc. Lumis Partners; People Strong HR Services Pvt Ltd. Education and Training - - -

3/12/18 Everstream Solutions LLC AMP Capital Investors (US) Ltd. IT Services - - -

3/12/18 Emmaculate Reflections LLC GI Manager LP; Kellermeyer Bergensons Services

LLC

Facility and Industrial Services - - -

3/12/18 The Singer Group, Inc. The Segal Group, Inc. Human Resources - - -

3/8/18 Engage2Excel, Inc. Comvest Partners, Inc.; Comvest Group Holdings

LLC

Human Resources - - -

3/8/18 Aasgard Summit Management Services, Inc. Charles Taylor plc Specialty Consulting - - -

3/8/18 BeneFLEX HR Resources, Inc. Paylocity Holding Corp. Specialty Consulting - - -

3/8/18 The Frontier Group of Georgia, Inc. Career Management Partners Specialty Consulting - - -

3/8/18 Belco Industrial Services LLC Trinity Hunt Partners; Miller Environmental Services

LLC

Facility and Industrial Services - - -

Page 12: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA3/8/18 Passport Food Safety Solutions, Inc. Church & Dwight Co., Inc. Business Process Outsourcing - - -

3/8/18 E3 Solutions LLC Lockton Cos. LLC Human Resources - - -

3/7/18 Heartland Dental LLC KKR & Co. LP Human Resources - - -

3/7/18 Trak-1 Technology, Inc. PeopleFacts LLC Human Resources - - -

3/6/18 Gramann Reporting Ltd. U.S. Legal Support, Inc. Business Process Outsourcing - - -

3/6/18 Recoil Energy Systems LLC Rock Hill Capital Group LLC; Ace Gathering

Holdings LLC

Facility and Industrial Services - - -

3/5/18 Marketing Digest, Inc. Zicix Corp. Marketing Services - - -

3/5/18 AlphaCorp, Inc. Ares Capital Management LLC; Convergint

Technologies LLC

Facility and Industrial Services - - -

3/2/18 OPC Pest Control, Inc. Rollins, Inc. Facility and Industrial Services - - -

3/2/18 3Q Digital LLC (Hart Hanks subsidiary) 3Q Digital LLC Management Marketing Services 45.00 - -

3/2/18 Aronson Security Group, Inc. Apollo Capital Management LP; ADT, Inc. IT Services - - -

3/2/18 Chicago Technology Advisors LLC Porcaro Stolarek Mete Partners LLC IT Services - - -

3/2/18 Epsen Fuller & Associates LLC ZRG Partners LLC Professional Services - - -

3/1/18 Industrial Radio Rantals United Rentals, Inc. Facility and Industrial Services - - -

3/1/18 EMG Corp. Bureau Veritas SA Business Process Outsourcing - - -

3/1/18 Boston Energy Trading & Marketing LLC Diamond Generating Corp. Professional Services 70.00 - -

3/1/18 Corporate Finance Group, Inc. The Carlyle Group LP Professional Services - - -

3/1/18 Terraplas USA Rentals LLC EVAGO AG Facility and Industrial Services - - -

3/1/18 Casterline Associates PC BDO USA LLP; BDO International Ltd. Professional Services - - -

3/1/18 EnviroServe JV LP Savage Services Corp. Facility and Industrial Services - - -

3/1/18 Strategic Crisis Advisors LLC Witt O'Brien's LLC Specialty Consulting - - -

3/1/18 Park Group Studio Squared Marketing Services - - -

2/28/18 Pre-Paid Legal Services, Inc. Stone Point Capital LLC; Pre-Paid Legal Services,

Inc.

Professional Services - - -

2/28/18 Kratos Public Safety & Security Solutions, Inc. Securitas Electronic Security, Inc. Facility and Industrial Services 69.00 - -

2/28/18 Strategic Internet Marketing Partners, Inc. Reputation.com, Inc. Marketing Services - - -

2/28/18 Grace Hill LLC Stone Point Capital LLC Education and Training - - -

2/28/18 i-Human Patients, Inc. Kaplan, Inc. Education and Training - - -

2/27/18 B&B Roadway & Security Solutions LLC Huron Capital Partners LLC; Pohlad Family Cos.;

Empeiria Capital Partners LLC; B&B Roadway &

Security Solutions

Business Process Outsourcing - - -

2/27/18 Spoutable LLC Proper Media LLC Marketing Services - - -

2/27/18 The Survey Group New Mountain Capital LLC; Digital Insurance LLC Human Resources - - -

2/26/18 Discovery Education, Inc. Francisco Partners Management LLC Education and Training 120.00 - -

2/26/18 Copesan Services, Inc. ServiceMaster Global Holdings, Inc. Facility and Industrial Services 110.00 - -

2/23/18 Shinn & Co. PA Carr, Riggs & Ingram LLC Professional Services - - -

2/23/18 Maxsys Solutions LLC Yoh Services LLC Human Resources - - -

2/22/18 AboveNation Media LLC Huntsworth Plc Marketing Services 2.33 1.79x 4.67x

2/22/18 VioPoint, Inc. Konica Minolta Business Solutions USA IT Services - - -

2/21/18 Ivie & Associates, Inc. Quad/Graphics, Inc. Marketing Services 108.50 0.21x -

2/21/18 Andrews Kurth Kenyon LLP Hunton & Williams LLP Professional Services - - -

2/21/18 Clearwater Legal CertaTech Solutions Professional Services - - -

2/20/18 yourPFO Consulting LLC Brown & Brown of New York, Inc. Specialty Consulting - - -

2/20/18 Perennial Environmental Services LLC First Reserve Management LP; Applied-Cleveland

Holdings, Inc.

Specialty Consulting - - -

2/20/18 Meridian Waste Solutions, Inc. (4 subs) Warren Equity Partners LLC Facility and Industrial Services 3.00 - -

2/20/18 CurvePay LLC Shift4 Payments LLC Business Process Outsourcing - - -

2/16/18 Western Lucrative Enterprises, Inc. Western Lucrative Enterprises, Inc. IT Services 0.36 - -

2/15/18 BMS Parent, Inc. Battery Ventures; WebPT, Inc. Human Resources - - -

2/14/18 Ducker Worldwide LLC STTG, Inc.; Boathouse Capital Management Professional Services - - -

2/14/18 Launch Digital Marketing LLC Cars.com, Inc. Marketing Services - - -

2/14/18 GuideStar Clinical Trials Management LLC BTC Network LLC; ClinEdge LLC; ClinX Business Process Outsourcing - - -

2/13/18 Alcor Petrolab LLP IGP Industries LLC; Southern Petroleum

Laboratories, Inc.

Business Process Outsourcing - - -

2/13/18 Triton Digital Canada, Inc. Audioboom Group Plc Marketing Services 185.00 - -

2/13/18 MPI Research, Inc. Charles River Laboratories International Business Process Outsourcing 800.00 - -

2/13/18 Character SF LLC Dentsu Aegis Network Ltd. Business Process Outsourcing - - -

2/13/18 City Prints LLC Wise Venture SGR SpA; Imprima SpA Business Process Outsourcing - - -

2/13/18 Craze Promotions LLC Surkus, Inc. Marketing Services - - -

2/12/18 Project One Integrated Services LLC Cumming Group, Inc.; Tailwind Management LP;

Audax Mezzanine

Business Process Outsourcing - - -

2/12/18 Michael & Alexander PLLC Fisher & Phillips LLP Professional Services - - -

2/12/18 Voice4net LLR Partners, Inc.; BaseCamp Ventures LLC;

CoreDial LLC

Business Process Outsourcing - - -

Page 13: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA2/12/18 Powell, Ebert & Smolik PC Cherry, Bekaert & Holland LLP Professional Services - - -

2/9/18 Corpus Medical, Inc. Confluent Medical Technologies, Inc. Specialty Consulting - - -

2/9/18 Professional Placement Resources LLC Medical Solutions LLC; TPG Growth LLC Human Resources - - -

2/8/18 MFI Credit Solutions, Inc. Starrex International Ltd. Professional Services 1.50 - -

2/7/18 Buckhorn Energy Services LLC BNN Water Solutions LLC Facility and Industrial Services 95.00 - -

2/7/18 Processed Media LLC Clarke & Co. (DC) Specialty Consulting - - -

2/7/18 Ripple Media LLC Nexus India Capital Advisors Pvt Ltd.; Joveo

Technologies Pvt Ltd.

Marketing Services - - -

2/7/18 PLUG Production Group, Inc. Taylor Communications, Inc. (Ohio) Business Process Outsourcing - - -

2/7/18 Common Home Media, Inc. Gladstone Management Corp.; Phyto Partners Ltd.;

Frontier Financial Group

Information Services - - -

2/7/18 RecruitAlliance, Inc. RecruitAlliance, Inc. (Green) Human Resources - - -

2/6/18 Cutler PR LLC Kite Hill PR LLC Marketing Services - - -

2/6/18 Engineered Facility Solutions, Inc. HUNT Real Estate Corp. Facility and Industrial Services - - -

2/6/18 3VR Security, Inc. Eagle Acquisition, Inc. (California) Professional Services 13.87 - -

2/6/18 Strength In Members Concord Direct Marketing Services - - -

2/6/18 Gen Dynamics Info Tech Inc (Health Insurance Pay

Bus)

Veritas Capital Fund Management LLC; Verscend

Technologies, Inc.

Business Process Outsourcing - - -

2/6/18 Stand2Learn LLC Varidesk LLC Education and Training - - -

2/6/18 Employees Only, Inc. America's Back Office, Inc. Human Resources - - -

2/5/18 SocialBon, Inc. SkyFii Ltd. Marketing Services 3.28 - -

2/5/18 BackTrack, Inc. General Information Services, Inc. Marketing Services - - -

2/5/18 W/S Packaging Group, Inc. Platinum Equity LLC Business Process Outsourcing - - -

2/5/18 Covenant Security Services Ltd. Warburg Pincus LLC; Wendel SA; Allied Universal

Manager LLC

Facility and Industrial Services - - -

2/5/18 Carnegie Affiliates, Inc. Resource 1 LLC Human Resources - - -

2/5/18 Strativity Group, Inc. Tailwind Management LP; Lieberman Research

Worldwide LLC

Specialty Consulting - - -

2/5/18 Clean Markets LLC CMC Energy Services, Inc. Marketing Services - - -

2/2/18 Convergint Technologies LLC Ares Capital Management LLC Facility and Industrial Services - - -

2/2/18 Adventures In Advertising Full Press Apparel, Inc. Marketing Services - - -

2/2/18 Wombat Security Technologies, Inc. Proofpoint, Inc. Education and Training 225.00 - -

2/2/18 MKO Global Partners LP TwoLabs LLC Specialty Consulting - - -

2/2/18 MacFadden & Associates, Inc. Platinum Equity LLC; Pacific Architects &

Engineers, Inc.

IT Services - - -

2/1/18 Investors Mortgage Asset Recovery Co. LLC QuestSoft, Inc. Human Resources - - -

2/1/18 Mingerink & Associates, Inc. CI Capital Partners LLC; Impact Sales LLC Marketing Services - - -

2/1/18 Umb Financial Corp. (Asset Mngt Bus) Marquette Asset Management LLC; UMB Financial

Corp. (Asset Mngt Bus)

Professional Services - - -

2/1/18 Xcellero Leadership, Inc. Novo Group, Inc. (Wisconsin) Human Resources - - -

2/1/18 Donan Engineering Co., Inc. (Hvac Forensics) HVAC Investigators LLC Facility and Industrial Services - - -

2/1/18 DiConza Traurig Kadish LLP Archer & Greiner PC Professional Services - - -

2/1/18 Direct Media, Inc. (Massachusetts) Vector Media LLC Marketing Services - - -

2/1/18 Capital Associates, Inc. McNees, Wallace & Nurick LLC Professional Services - - -

2/1/18 International Private Client Group Benesch, Friedlander, Coplan & Arnoff LLP Professional Services - - -

1/31/18 ECS Federal LLC On Assignment, Inc. IT Services 775.00 - -

1/31/18 SecureState LLC RSM US LLP IT Services - - -

1/31/18 Mark/Ryan Associates Ltd. The Reserves Network, Inc. Human Resources - - -

1/31/18 Quisitive LLC Fusion Agiletech Partners, Inc. IT Services - - -

1/30/18 Insight Strategy Advisors LLC Precision Value & Health Specialty Consulting - - -

1/30/18 Execute.LA LLC Hawke Media LLC Marketing Services - - -

1/30/18 Gopher Resource LLC Energy Capital Partners LLC Business Process Outsourcing - - -

1/29/18 ENGIE Insight Services, Inc. (Utility Solutions

Division)

General Atlantic LLC; CLEAResult Consulting, Inc. Business Process Outsourcing - - -

1/29/18 Fifth Avenue Healthcare Services Seeman Holtz Property & Casualty, Inc. Professional Services - - -

1/29/18 Update Legal, Inc. Driven, Inc. (California) Human Resources - - -

1/29/18 Maher & Maher IMPAQ International LLC Specialty Consulting - - -

1/29/18 USfalcon, Inc. CM Equity Partners; RGS Associates, Inc. Business Process Outsourcing - - -

1/27/18 Xponent Employer Solutions, Inc. Seeman Holtz Property & Casualty, Inc. Human Resources - - -

1/26/18 Waste Control Specialists LLC JF Lehman & Co., Inc.; JFL-WCS Partners LLC Facility and Industrial Services - - -

1/25/18 Lodgenuity, Inc. WOWIO, Inc. Specialty Consulting - - -

1/25/18 The Fitch Group Fitch Group (William Contessa) Information Services - - -

Page 14: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA1/25/18 Wyatt Brand, Inc. Elizabeth Christian Public Relations LLC Marketing Services - - -

1/24/18 Breaker 101 Benchmark Capital Management Co. LLC;

HackerOne, Inc.

Education and Training - - -

1/23/18 Veolia North America LLC (US Industrial Cleaning

Services Div)

Clean Harbors, Inc. Facility and Industrial Services 120.00 - -

1/22/18 Call Center Resources, Inc. Innovest Global, Inc. Business Process Outsourcing - - -

1/22/18 Kiely & Associates LLC David A. Noyes & Co. Professional Services - - -

1/22/18 eTelligent Solutions, Inc. (US) SHI International Corp. IT Services - - -

1/22/18 Marsh Consulting Group Foster & Foster Consulting Actuaries, Inc. Specialty Consulting - - -

1/22/18 Toxicology Regulatory Services, Inc. Levine Leichtman Capital Partners, Inc.; Trinity

Consultants, Inc.

Specialty Consulting - - -

1/20/18 DECO, Inc. Deco, Inc. (Management) Education and Training - - -

1/19/18 AFPC Co. CI Capital Partners LLC; Summit Fire Protection Co. Specialty Consulting - - -

1/19/18 MatrixOneSource, Inc. GPB Capital Holdings LLC Human Resources - - -

1/19/18 Chesapeake Medical Staffing, Inc. American Surgical Assistants, Inc.; Great Point

Partners Private Equity

Human Resources - - -

1/19/18 Integrate Agency Wellington Group Marketing & PR Marketing Services - - -

1/19/18 RWT-SJC, Inc. BERI Management LLC; RailPros, Inc. Education and Training - - -

1/19/18 CLICK Media LLC Bruni Media LLC Marketing Services - - -

1/18/18 La Quinta Holdings, Inc. (Hotel Franchise & Mgmt

Business)

Wyndham Worldwide Corp. Facility and Industrial Services 1,715.00 - -

1/18/18 Mainz bowmo, Inc. Specialty Consulting - - -

1/18/18 The Beneficient Co. Group LP GWG Holdings, Inc. Professional Services 916.50 - -

1/18/18 Vistage Worldwide, Inc. Providence Equity Partners LLC Education and Training - - -

1/17/18 Wound Care Education Institute OnCourse Learning Corp.; Compass Partners Asset

Management LLC

Education and Training - - -

1/17/18 Motus LLC (Massachusetts) Thoma Bravo LLC Human Resources - - -

1/17/18 Runzheimer International Ltd. Thoma Bravo LLC Human Resources - - -

1/17/18 Logos In Print Grossman Marketing Group, Inc. Marketing Services - - -

1/17/18 Zephyr Environmental Corp. POWER Engineers, Inc. Specialty Consulting - - -

1/17/18 Exactpro Systems LLC Explore123 Ltd. Human Resources - - -

1/17/18 Arlington Resources, Inc. (Illinois) CornerStone Staffing Solutions, Inc. Human Resources - - -

1/17/18 A-1 Superior Pest Control, Inc. Arrow Environmental Services LLC Facility and Industrial Services - - -

1/16/18 Butsko Utility Design, Inc. NV5 Global, Inc. Specialty Consulting - - -

1/16/18 Claro Group LLC (Revenue Cycle Transformation

Practice)

SV Life Sciences Advisers LLP; Nordic Consulting

Partners, Inc.

Specialty Consulting - - -

1/16/18 Henkel Denmark LLC The Landscape Workshop, Inc. Facility and Industrial Services - - -

1/12/18 Qos Telesys, Inc. LSCG Management, Inc.; Avtex Solutions Specialty Consulting - - -

1/11/18 William C. Love CPA Briggs & Veselka Co. Professional Services - - -

1/11/18 Petrotax Energy Holdings LLC Ryan LLC Professional Services - - -

1/11/18 Avvo, Inc. Kohlberg Kravis Roberts & Co. LP; Internet Brands,

Inc.

Professional Services - - -

1/11/18 Dartlet LLC Alloy, Inc.; Carnegie Communications LLC Specialty Consulting - - -

1/11/18 Sovereign Music Services, Inc. INgrooves Music Group Professional Services - - -

1/11/18 Morrison Associates Ltd. Apex CPAs & Consultants, Inc. Professional Services - - -

1/10/18 AerServ LLC InMobi Pte Ltd. Marketing Services 90.00 - -

1/10/18 Kelly Services, Inc. (Healthcare Specialty Bus) InGenesis, Inc. Specialty Consulting - - -

1/10/18 CHC Consulting LLC Crestview LLC; Congruex LLC Specialty Consulting - - -

1/10/18 Wilson Waste Systems LLC Meridian Waste Missouri LLC Facility and Industrial Services 3.66 - -

1/10/18 Latin Force Group LLC The Carlyle Group LP (Corporate Private Equity);

Claritas LLC

Information Services - - -

1/10/18 CBIG Consulting LLC Trianz, Inc. Specialty Consulting - - -

1/10/18 FRCH Design Worldwide Nelson Worldwide LLC Specialty Consulting - - -

1/10/18 Docket Alarm, Inc. Fastcase, Inc. Professional Services - - -

1/9/18 Vanguard Sciences, Inc. SGS SA Business Process Outsourcing - - -

1/9/18 Bonita Packaging Products, Inc. PPC Partners Ltd.; ProAmpac LLC Business Process Outsourcing - - -

1/9/18 Lexington Alarm Systems, Inc. Wayne Alarm Systems, Inc. Facility and Industrial Services - - -

1/9/18 LVA Urban Design Studio LLC Lva Urban Design Studio LLC (Private Group) Real Estate Services - - -

1/9/18 FlagshipHealth Group Predictive Technology Group, Inc. Professional Services - - -

1/9/18 Canton Pl Liquidating Corp. DTT Surveillance, Inc. Professional Services - - -

1/9/18 One Sixty Over Ninety LLC WME IMG LLC Specialty Consulting 200.00 - -

1/9/18 Blue Prairie Labs RMB Environmental Laboratories, Inc. Business Process Outsourcing - - -

1/9/18 France, Basterrechea, Wagner & Bunn, CHTD Eide Bailly LLP Professional Services - - -

1/9/18 ClientWise LLC The Northwestern Mutual Life Insurance Education and Training - - -

1/8/18 Ridge Consulting Group, Inc. USI Holdings Corp.; USI Insurance Services Specialty Consulting - - -

1/8/18 WhoSay, Inc. Viacom, Inc. Marketing Services - - -

1/8/18 David Feldman Worldwide, Inc. Veritext National Deposition & Litigation Services Professional Services - - -

1/7/18 International Systems of America LLC Align Capital Partners, LLC Facility and Industrial Services - - -

1/5/18 Avant Healthcare Professionals LLC Jackson Healthcare LLC Human Resources - - -

1/5/18 Heartland Tech Group LLC ConnectWise, Inc. IT Services - - -

1/5/18 C2G International LLC Cortec Group Management Services LLC; Vidaris,

Inc.

Professional Services - - -

1/5/18 East Coast Lot & Pavement Maintenance Corp. GI Manager LP; Kellermeyer Bergensons Services

LLC

Facility and Industrial Services - - -

1/4/18 John J. Defassio, CPA Stoudt Associates LLC Professional Services - - -

1/4/18 Government Payment Service, Inc. Platinum Equity LLC; Securus Technologies Business Process Outsourcing - - -

Page 15: Business Services Report Q1 2018 · 6/6/2016 One Source Cooling LLC Novume Solutions, Inc. 10/13/2017 NeoSystems Corp. 9/22/2017 Global Technical Services, Inc. 9/22/2017 Global Contract

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA1/4/18 Strategic Simulation Solutions LLC Airbus SE Education and Training - - -

1/3/18 Latitudes LLC Tegra LLC Business Process Outsourcing - - -

1/3/18 Kastle Systems LLC Venturehouse Group LLC; Kastle Systems

International LLC

Facility and Industrial Services - - -

1/3/18 ihiji, Inc. Control4 Corp. IT Services - - -

1/3/18 HelloWorld, Inc. Dentsu Aegis Network Ltd. Marketing Services - - -

1/3/18 Inner Circle Labs LLC Highwire Public Relations, Inc. Marketing Services - - -

1/3/18 Package All Corp. TricorBraun, Inc. Business Process Outsourcing - - -

1/3/18 Eagle International Institute, Inc. NIIT (USA), Inc. Education and Training 8.10 0.76x -

1/3/18 Basin Wastewater Solutions LLC Stallion Oilfield Services Ltd. Business Process Outsourcing - - -

1/3/18 ReWork Koya Leadership Partners LLC Human Resources - - -

1/3/18 American Environmental Consultants, Inc. TRC Cos., Inc.; New Mountain Capital LLC Real Estate Services - - -

1/3/18 LEAP Media Solutions LLC Bluevenn Ltd. (US) Marketing Services - - -

1/2/18 Pilgrim Rock Management LLC iAnthus Capital Holdings, Inc. Professional Services - - -

1/2/18 TelePayroll, Inc. Asure Software, Inc. Human Resources - - -

1/2/18 Savers Administrative Services, Inc. Asure Software, Inc. Human Resources - - -

1/2/18 Pay Systems of America, Inc. Asure Software, Inc. Professional Services - - -

1/2/18 Nielsen Holdings Plc (Bases Pharmaceutical

Forecasting Assets)

ZS Associates, Inc. Marketing Services - - -

1/2/18 Production Management Industries LLC Tiger Rentals Group LLC Facility and Industrial Services - - -

1/2/18 Cascade Water Services, Inc. Ecolab, Inc. Facility and Industrial Services - - -

1/2/18 Sheakley Paysystems Ltd. Asure Software, Inc. Human Resources - - -

1/1/18 Touchstone Consulting Group, Inc. The Segal Group, Inc. Specialty Consulting - - -

1/1/18 Durant, Schraibman, & Lindsay LLC The Hobbs Group PA Professional Services - - -

1/1/18 Hygiene Solutions, Inc. Birch Hill Equity Partners Management, Inc.; Citron

Hygiene Canada Ltd.

Facility and Industrial Services - - -

1/1/18 B2T Training LLC Netmind International LLC Education and Training - - -

1/1/18 McElroy, Mitchell & Associates LLP Kemper CPA Group LLP Professional Services - - -


Recommended