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New State Capital Acquires Afimac Global Inc., A Provider Of Specialty Business Continuity Solutions

Aug 24, 2022•over 3 years ago

Acquiring Company

New State Capital Partners

Acquired Company

AFIMAC GLOBAL

LarchmontInvestment ManagementAngel Investment

Description

New State Capital Partners ("New State") announced today that it has acquired AFIMAC Global Inc. ("AFIMAC" or the "Company"), a leading provider of specialty business continuity solutions, including staffing, security, and logistics, as a carve-out from its parent company Dalton First Financial Inc. Joe Schollaert will continue to serve as AFIMAC's President and Chief Executive Officer. Terms of the transaction were not disclosed.

Company Information

Company

New State Capital Partners

Location

Larchmont, New York, United States

About

New State Capital Partners LLC is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative. New State prides itself on a long-term outlook, approaching each potential investment as an opportunity to create lasting and valuable relationships with company founders and especially independent sponsors. The firm has the ability to invest up to $100 million in equity per transaction and seeks to invest in market-leading companies with $8 million to $40 million of EBITDA in the areas of business services, industrials, and consumer. New State and its affiliates have invested in more than 30 companies to date. For more information visit www.newstatecp.com. Media contact: Lambert & Co.Joanne Lessner, jlessner@lambert.com, 212-222-7436 SOURCE New State Capital Partners

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed