Capstone Partners Wins M&A Awards; Announces Multiple Closings

January 22, 2015

Boston, MA – Capstone Partners LLC, a leading international investment banking firm, was honored as the recipient of eight M&A industry awards in 2014, including several prestigious firm-wide awards.  Capstone was named the Boutique Investment Banking Firm of the Year by the M&A Advisor, and was awarded the US Middle Market Investment Bank of the Year by ACQ Global (Acquisition Finance).  Capstone was also recognized for its “Ongoing Commitment to Middle Market Advisory” in the US by Acquisition International.  In addition, Capstone won several transaction-specific awards such as the: Cross-Border Deal of the Year, North America Deal of the Year, Consumer Goods Deal of the Year, Consumer Services Deal of the Year and Out-of-Court Restructuring Deal of the Year. “We are exceptionally proud of the awards bestowed upon Capstone in 2014,” said John Ferrara, Capstone Founder & President, “These awards acknowledge our work across services, countries and industries, and they were imparted by both US and international organizations, signifying growing recognition of Capstone’s capabilities.”

Capstone announced several year-end closings to a record year in 2014.  Among the transactions recently completed by Capstone is the sale of Park Bench Group, a progressive addiction treatment center specializing in therapies for drug and alcohol abuse.  Park Bench was acquired by Elements Behavioral Health, a family of behavioral health care programs. 

Capstone also assisted in the recapitalization of Penn Foster, a leader in career-focused distance and hybrid learning.  Penn Foster offers comprehensive high school, career school and college programs and was recapitalized by The Vistria Group, a middle market private equity firm based in Chicago. 

Capstone’s Education & Training practice also recently advised on the sale of Oxbridge Academic Resources to WorldStrides, a portfolio company of The Carlyle Group.  Oxbridge joins WorldStrides’ impressive lineup of educational student travel programs. 

In the Government & Defense sector, Capstone recently advised Ener-Tek International, which operates under the brand name Yardney Technical Products, on its acquisition by OM Group, Inc.  Yardney designs, develops and manufactures lithium-ion and silver-zinc cells and batteries for niche applications in the defense and aerospace markets and illustrates the highly strategic transactions that are being pursued in the government & defense sector.

“These recent transactions are indicative of the increase in M&A activity we are experiencing,” commented Jacob Voorhees, a founding member of the firm, “Market momentum has been accelerating all year, and we are noting a sharp rise in both new companies preparing to enter the market as well as active deals moving closer to completion.  Based on our current activity and the growing backlog of transactions within Capstone, we expect 2015 will be an exceptionally active year for middle market mergers & acquisitions.” 

Capstone Partners LLC is a premier investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. The firm provides corporate sale & divestiture, merger & acquisition, private placement, corporate restructuring, valuation and financial advisory services. Capstone maintains various industry specialties including Business Services, Consumer Products, Education & Training, Government Services, Health & Medical, Manufacturing & Industrial and Technology & Telecom.  The firm also has a merchant banking capability to actively co-invest in transactions. Headquartered in Boston, Capstone has offices in Chicago, London, Los Angeles, Philadelphia, San Diego, Silicon Valley and Tampa.