Buyouts

Within our target industries (recurring services, media and communications), Housatonic Partners will selectively invest in buyouts backing both new and incumbent management teams. As an experienced partner with over $1 billion of capital under management, we can add financial clout and sophistication to seasoned managers looking to acquire companies.

In every transaction we hope to forge lasting, long-term relationships with our portfolio company managers. Accordingly, the managers in Housatonic-led buyouts typically receive significant equity stakes in their companies while retaining daily operating control.

Representative Buyout Investments

Access Information Management

365 Main: In August 2012, Housatonic led the formation of 365 Main through the carve-out acquisition of 16 U.S.-based data centers from Equinix, Inc. (EQIX). The investment was made in partnership with an experienced management team that previously operated a data center business under the same name serving 39 megawatts of power to over 200 customers. 365 Main ensures continuity of mission-critical operations for retail customers through 24/7/365 connectivity and security, high-touch service, and national reach.

Access Information Management

Access Information Management: In December 2004, Housatonic Partners made an investment in Access Information Management, a San Francisco Bay Area based, full service records and information management firm. Since that date, Access has acquired over twenty-five records management companies and now operates in markets throughout the U.S. The company provides off-site records storage, electronic data protection, secure destruction services and digital imaging solutions. In August 2011, Access was sold to Summit Partners.

Alta Colleges

Aegis Treatment Centers: In January 2014, Housatonic invested with management in Aegis Treatment Centers. The company is one of the leading providers of behavioral health medicine, delivering an expansive set of services to more than 5,700 patients per day.

Alta Colleges

Aircraft Fasteners International: In October 2007, Housatonic invested with management in the acquisition of Aircraft Fasteners International, LLC.  AFI is an industry leading niche provider of locknuts, threaded inserts and other high performance hardware used in the aerospace, electronics and defense industries.

Asurion

Asurion: Housatonic Partners participated in the original acquisition to form Asurion in 1995, and invested in the company again in 2000. Now with over 50 million customers, Asurion has grown to be the North American leader in enhanced services for the wireless industry, including handset insurance, data protection and roadside assistance. In April 2001, Housatonic sold a portion of its interest in Asurion to a financial buyer.

California Communications

California Communications: In September 2004, Housatonic Partners and entrepreneur Dex Allen formed California Communications, LLC to acquire and operate community newspapers in southern California. The company publishes The Rancho Santa Fe Review, The Carmel Valley News, The Del Mar Village Voice, and San Diego Premier Properties & Lifestyles.

Cambridge Communications

Cambridge Communications: In June 1996, Housatonic Partners participated in the formation of Cambridge Communications, LP, a partnership established to acquire a predecessor company. Cambridge operated rural cable television systems in New Mexico, Oregon and Washington. Co-investors in this transaction included Alta Communications and BancBoston Capital. In May 1999, Cambridge Communications was sold to USA Media.

Central Valley Cable

Central Valley Cable: In December 1998, Housatonic Partners made an investment in Central Valley Cable, LLC. CVC owns and operates 5 cable television systems in central California serving over 8500 subscribers. In September 2004, 85% of CVC's subscribers were sold to Comcast Corporation.

Convergent Communications

Convergent Broadcasting: Housatonic Partners and management formed Convergent Broadcasting in 2002 to acquire and operate clusters of radio stations in smaller markets. The company currently owns a cluster of FM stations in Corpus Christi, TX.

Classic Party Rentals

Event Rentals: In July 1997, Housatonic Partners made an investment in Event Rentals, Inc. (ERI), a company established to pursue a regional consolidation in the party supply rental industry. ERI made acquisitions in a number of markets in the western US. In May 2003, ERI was sold to a financial buyer.

Diamond Rental

Diamond Rental: In April 2000, Housatonic participated in the purchase of Diamond Rental of Salt Lake City, Utah. Diamond is the largest party and equipment rental business in Utah. In April 2007, Diamond was sold to a financial buyer.

The Governance Institute

Fastener Distribution Holdings: In August 2014, Housatonic Partners made an investment in Fastener Distribution Holdings (FDH).  FDH is a Holding Company investing in leading suppliers in the fastener distribution market. FDH is primarily focused on the aerospace fastener industry and their products are mainly used in structural aerospace assemblies and avionics applications.

The Governance Institute

The Governance Institute: In April 2000, Housatonic purchased The Governance Institute (TGI). TGI is the leading provider of information services to the boards of directors, medical leaders and top management of non-profit hospitals. In May 2006, TGI was sold to National Research Corporation.

HemaSource: In February 2010, Housatonic invested in HemaSource, the leading provider of medical consumables to the plasma and whole blood collection industries.  Through its proprietary online ordering and inventory management platform, HemaSource reduces costs and maximizes efficiency for its customers. In July 2014, Hemasource was sold to a financial buyer.   

Healthcare Financial Resources: In October 2014, Housatonic Partners invested with management in the acquisition of HFRI, LLC. HFRI provides revenue cycle management solutions to hospitals throughout the U.S.

Learner's Digest International: In January 2008, LDI, formed by Housatonic, acquired and consolidated two businesses formerly owned by the California Medical Association, each with decades of history serving healthcare clinicians and scientific researchers: Audio-Digest Foundation and Marathon Multimedia. The combined company, through a leading data information management service, makes essential clinical and scientific information accessible to healthcare professionals by providing high-quality, convenient, and affordable continuing professional education to meet the growing requirements to learn and improve patient care within medical and scientific communities.

Marathon Media

Marathon Media: In November 1998, Housatonic made an investment in Chicago-based Marathon Media, LP. The company acquires and operates radio stations in rural markets in the upper Midwest and Mountain states.

Med Options

MedOptions: In February of 2006, Housatonic invested in a management buyout of MedOptions, the largest provider of behavioral health and primary medical care services to skilled nursing and assisted living facility residents in Connecticut and Rhode Island. MedOptions delivers improved patient outcomes and quality of life while improving facility operating performance, including reduced hospital readmissions and ER visits, improved staff/physician/family satisfaction, reduced drug expenses and increased reimbursement.

ONRAD

ONRAD: In February 2009, Housatonic provided ONRAD with a growth equity investment. Based in Riverside, California, ONRAD is a leading teleradiology company, offering remote read capabilities to hospitals, radiology groups, and imaging centers. With all of its doctors on US soil, ONRAD focuses on delivering outsourced "final" interpretations, a rapidly growing area within teleradiology.

OnRamp Access

OnRamp Access: In September 2009, Housatonic participated in the acquisition of OnRamp Access, LLC.  Founded in 1994 and based in Austin, Texas, OnRamp is a leading provider of data center co-location services, managed servers, and virtual private clouds for small to medium businesses as well as larger customers.

Precis Communications

Precis Communications: In February 2002, Housatonic made an investment in Denver-based Precis Communications. The company is focused on acquiring cable television systems in small towns and rural communities. The company has over 10,000 subscribers in southern and central Utah.

Pyramid Research

Pyramid Research: In October 2001, Housatonic acquired Pyramid Research from The Economist. Founded in 1986, Pyramid Research provides international market analysis and consulting services to the global communications industry. The company was sold to United Business Media, LLC in September 2008.

Pyramid Research

QMC Telecom International Holdings: In December 2011, Housatonic acquired a majority interest in QMC Telecom International Holdings, LLC. QMC was formed to develop, build, and acquire cell towers in Latin America with an initial focus in Brazil and Mexico.

Rapid Cable

Rapid Cable: Rapid was formed in 2002 by management and Housatonic, along with Alta Communications and Columbia Capital. Rapid has since acquired, and is upgrading and operating, cable systems in small to mid-sized markets throughout the U.S. Housatonic Partners had previously sponsored this management team in a prior company beginning in 1995; this earlier company, Rapid Communications Partners, L.P., acquired three groups of rural cable systems in the Midwest, and was sold in 1999 and 2000.

Rapid Cable

Registria: In December 2012, Housatonic led the formation of Registria LLC through the acquisition and consolidation of two providers of data-driven marketing and e-commerce solutions across a single Software-as-a-Service (SaaS) platform. The combined entity provides registration, life-cycle marketing,
e-commerce, and service solutions through multiple online and offline channels. These offerings allow consumer products manufacturers to engage with customers and deliver a richer experience that grows revenue and brand preference.

Service Source

Service Source: In January 2003, Housatonic invested in ServiceSource, the leading outsourced sales solution focused exclusively on maintenance and support services. ServiceSource drives untapped revenue on behalf of its North American and European customers by increasing renewal rates, upselling into higher support offerings and cross-selling additional product opportunities. ServiceSource completed its initial public offering in March 2011 (NASDAW: SREV).

TELAV

TELAV: In August 1999, Housatonic participated in a recapitalization of TELAV, Inc. TELAV is a Canadian company which provides audio, visual and staging support to more than 40,000 events per year throughout North America. In June of 2001, TELAV merged with AVW Audio Visual of Dallas, Texas to form AVW-TELAV Audio Visual Solutions. In August 2003, TELAV was sold to Freeman Communications.

Vox Communications

Vox Communications: In June 2005, Housatonic and management formed Vox Communications to acquire, build and operate clusters of radio stations in small-to-medium sized markets in the Eastern United States. Vox is currently operating radio station clusters in Massachusetts, Virginia, and Florida.

Vox Communications

West Coast Clinical Trials: In November 2011, Housatonic Partners invested in West Coast Clinical Trials, LLC (WCCT), a contract research organization supporting early phase biopharmaceutical development. WCCT specializes in complex Phase I-IIa special population studies, which assess a drug’s efficacy and dosage requirements within a particular subset of a larger population. The company was sold to Money Mailer in May 2014.

South Florida Media Group

WSF Holding Group: In May 2005, Housatonic and management formed South Florida Media Group to acquire and operate community media properties. In June 2009, South Florida Media Group became a wholly-owned subsidiary of WSF Holding Group and simultaneously formed SFM Acquisition and acquired Welcome Wagon International, the world's largest welcoming service to the new homeowner. In June 2010, the assets of South Florida Media Group were sold to three independent buyers allowing management to focus exclusively on the Welcome Wagon brand.

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