Deals



JZ Capital Partners Limited Expands Portfolio With Two US Acquisitions


Posted: 26th November 2014 09:39

JZ Capital Partners Limited (LSE:JZCP.L or "JZCP"), the London listed private equity fund that invests in high quality US and European microcap companies, has expanded its US vertical portfolio by making two acquisitions alongside Edgewater Funds LP ("Edgewater").

JZCP and Edgewater invested $1.6 million each to acquire Action Products Marketing Corporation and ConShield Technologies Incorporated ("APMCS"), an infrastructure rehabilitation company headquartered in Johnston, Iowa. The company specialises in formulating and selling cementitious manhole and pipe rehabilitation products and provides the associated equipment used for application itself. The acquisition of APMCS is the third for the water infrastructure sub-vertical and the sixth for the water business overall.

JZCP and Edgewater also invested $1.31 million each to acquire PPM Information Solutions, Inc. ("PPMIS"), an anaesthesia billing software and service company. PPMIS operates two business lines, generating revenue from its proprietary billing and practice management software platform used by anaesthesia practices and other billing companies, and by providing outsourced medical billing services to anaesthesia practices. The acquisition of PPMIS is the third for the Bolder Healthcare Solutions vertical.

David Zalaznick, JZCP's Founder and Investment Adviser, commented:"Both acquisitions demonstrate the scope and expansion of our US portfolio and the strength of our investment pipeline. We are confident in the growth prospects of both companies and look forward to assisting them in reaching their full potential.

Both APMCS and PPMIS hold strong positions in their respective sectors and offer considerable opportunities to expand product range to appeal to their customers. We look forward to working with our co-investor Edgewater and the management teams of both companies over the coming years."

Related articles