Quad-C Management has had a busy 2014. The mid-market private equity firm has made three new majority investments this year. Two of the acquisitions are in the business services sector; the third is in the veterinary sector. Quad-C is currently investing Quad-C VIII, a $700 million fund raised in 2012.
“Quad-C has had a very productive year on the new investment front. These platform acquisitions all fall into sectors where we have a strong dedicated focus and have been actively seeking opportunities,” said Steve Burns, Senior Partner. “We feel fortunate to be partnering with such talented management teams and look forward to jointly creating value in these businesses. In all three cases, the founders of the business are significant investors alongside us in these deals.”
The three recent investments include:
- McKissock: Quad-C invested in professional education provider McKissock in August 2014. Founded in 1990, McKissock is an online provider of state and federally mandated continuing education and professional certification courses across a range of industries from real estate to health care. The company offers over 1,000 courses to 400,000 unique customers each year. McKissock is headquartered north of Pittsburgh in Warren, PA (mckissock.com).
- Veterinary Specialists of North America: In partnership with John Payne, an experienced veterinary sector executive, Quad-C formed Veterinary Specialists of North America (VSNA) in September 2014. VSNA is a veterinary services organization and its affiliated hospitals provide specialty, emergency and general veterinary care at facilities located in the mid-Atlantic region.
- Vaco: Quad-C took a majority interest in this consulting and placement firm in October 2014. Vaco provides IT, accounting and finance professionals on a project, consulting or permanent basis. The company was founded in 2002 and based in Nashville (vaco.com).
“We see multiple avenues of growth for each company, both organic and via acquisition,” said Tim Billings, a Partner at Quad-C. “Our strategy will include expanding the geographic footprint of these companies through greenfield development or acquisitions, expanding our offerings and services, adding people with specialized skill sets or increasing capital investment in current products and processes to drive continued growth.”
Quad-C is a middle market private equity firm that invests from $35 million to $125 million of equity in companies with enterprise values of $75 million to $400 million. Sectors of interest include business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics. Quad-C was founded in 1989 and in its 25-year history has invested over $2 billion of equity across more than 50 companies. The firm is headquartered in Charlottesville, VA (www.quadcmanagement.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-8-14