CID Management acquired by GENEX Services
GENEX Services, the nation's largest provider or workers' compensation clinical services has acquired Comprehensive Industrial Disability Management Services Inc. (CID), one of the leading providers of utilization review software and services to the Workers' Compensation market. Press Release>>
U.S. Equities Realty has joined CBRE
Covington Associates, LLC acted as financial advisor to U.S. Equities Realty, a leading full-service commercial real estate services and advisory firm serving clients throughout the United States and in South America, in their joining CBRE Group, Inc., a worldwide, full-service real estate services company. -> Press Release
Park Place Technologies recapitalized by WestView Capital Partners
Covington Associates announced it acted as exclusive financial advisor to Park Place Technologies, a leading provider of third-party hardware maintenance services to small and medium enterprises, in its recapitalization by WestView Capital Partners. >Press Release
JJWild raised a round of senior debt financing from GE Healthcare
Covington Associates LLC has arranged $20 million in senior debt financing for JJWild, Inc., the leading provider of integrated technology solutions and consulting services for the MEDITECH healthcare information systems community. The financing was provided by GE Healthcare Financial Services.
JJWild, Inc. acquired by Perot Systems International
Covington Associates LLC announced that it has acted as exclusive financial advisor to JJWild, Inc., a leading provider of integrated technology solutions and consulting services for the MEDITECH healthcare information systems community, in its sale to Perot Systems Corporation (NYSE: PER), a worldwide provider of information technology and business solutions. The transaction is valued at approximately $89 million, subject to certain adjustments and offsets. Covington Associates had previously advised JJWild on a round of debt and equity financing in 2006, provided by GE Healthcare Services and Advent International, respectively. > Press Release
Paradigm Business Solutions acquired by ISH, Inc., a portfolio company of Summit Partners
Covington Associates LLC announced that it acted as the financial advisor to Paradigm Business Solutions, a leading provider of strategic consulting services, in its sale to ISH, Inc., a leading provider of professional services for the healthcare industry and portfolio company of Boston-based international private equity firm Summit Partners.
National Evaluation Systems acquired by Pearson plc
Covington Associates advised Amherst, MA-based National Evaluation Systems, Inc., the leading provider of customized state assessments for teacher certification in the U.S. in its sale to Pearson plc (NYSE: PSO), an international education and information company. >Press Release
ExpressPoint has completed a round of debt financing Fifth Third Bank
Covington Associates LLC has arranged $10 million of senior secured debt and $1.5 million of a senior subordinated note for ExpressPoint Technology Services, Inc., a leading provider of outsourced aftermarket logistics and repair services, from Fifth Third Bank.
Spaulding and Slye merged with Jones Lang LaSalle
Covington Associates advised Spaulding & Slye, a commercial real estate services and investment company, in its merger with Jones Lang LaSalle (NYSE: JLL). >Press Release
TidalWire acquired by Network Engines, Inc.
TidalWire, Inc. is a privately-held specialist in the distribution and support of storage area networks. Covington Associates advised TidalWire in its sale to Network Engines, Inc. (NASDAQ: NENG), a leading provider of enterprise server appliances and integration services.
Harbor Technology Group acquired by Buck Consultants
HTG was an information systems strategy, integration, and technology consulting company that specializes in Internet-based systems that streamline human resources processes for Fortune 500 companies. Covington Associates advised HTG on its sale to Buck Consultants.
Alliance Consulting Group acquired by Emerald Solutions
Alliance Consulting Group was a privately-held internet strategy consulting firm offering specialized services in recognizing profit from e-business, mastering strategic transitions, and launching new ventures. Covington Associates advised Alliance in the sale to Emerald Solutions Inc., a premier provider of e-business solutions and services.
Forum Corporation acquired by Pearson PLC
The Forum Corporation is a leading "soft skills" training management company that has pioneered new ways to achieve business results through learning on a global scale for three decades. Covington Associates advised Forum in the $100 million sale to Pearson PLC, the UK-based international media company and educational and professional publisher.
Waterfield Technology Group acquired by Whittman-Hart, Inc.
Waterfield Technology Group, Inc. was an integrated business and technology solutions firm specializing in client/server and Internet-enabled application development. Covington Associates advised Waterfield in the sale to Whittman-Hart, Inc. (NASDAQ: WHIT), one of the nation's leading providers of IT consulting and systems-integration services for middle-market and growing companies.
Harper and Shuman, Inc. acquired by Deletek Systems, Inc.
Harper and Shuman, Inc. was a privately-held provider of project control and financial management software to architectural and engineering firms. Covington Associates advised Harper & Shuman in the sale to Deltek Systems, Inc. (NASDAQ: DLTK) a provider of enterprise software for project-oriented businesses.
Cambridge Technology Partners has acquired Excell Data
Cambridge Technology Partners, Inc (NASDAQ:CATP) was a publicly held provider of e-Business management consulting and systems integration services. Covington Associates advised CTP in the acquisition of Excell Data Corporation, a privately held IT consulting firm specializing in Microsoft-specific services. Covington previously advised CTP in a number of additional acquisitions including Peter Chadwick Holdings Ltd and ISO Group AB.
Cambridge Technology Partners has acquired Peter Chadwick
Cambridge Technology Partners, Inc (NASDAQ:CATP) was a publicly held provider of e-Business management consulting and systems integration services. Covington Associates advised Cambridge Technology Partners on its acquisition of Peter Chadwick Ltd. Peter Chadwick was a U.K. based provider of IT change management consulting services.