PE Today: ICV Expands Urgent Care Portfolio, Court Square Targets Digital Marketing
Plus, NexPhase adds to continuing education roster, and IMB agrees to an electrical construction investment
Read the top headlines from Tuesday, March 15, 2022 below:
ICV Partners Builds Out Urgent Care Portfolio With Acquisition
ICV Partners is expanding its portfolio company Total Access Urgent Care with the acquisition of Urgent Care Group, the investment firm said in a press release Tuesday. Urgent Care Group operates across North Carolina, South Carolina and Georgia providing urgent care and employer services. By joining with Total Access Urgent Care, the combined operation will include more than 50 clinics across four states. ICV managing director Ira Moreland noted that this takeover marks the first acquisition since first acquiring Total Access in 2021.
NexPhase’s KnowFully Acquires Accountant Continuing Education Business
KnowFully Learning Group, backed by private equity firm NexPhase Capital, announced the acquisition of required continuing professional education company MasterCPE, which targets certified public accountants and other finance professionals. MasterCPE operates on a subscription model to connect professionals with its continuing education platform to earn CPE credits. The takeover expands KnowFully’s existing continuing professional education operations across the accounting space, the companies said in their announcement, and joins its existing portfolio of finance and healthcare education brands.
Court Square Targets Digital Marketing With Latest Investment
Middle market-focused private equity firm Court Square Capital Partners has announced a strategic investment in digital performance marketing company Power Digital. In a statement, Power Digital CEO and founder Grayson Lafrenz said the collaboration with Court Square supports the company’s mission to become “the most valued and respected privately-held performance marketing platform in the world.” In its press release, the company pointed to a 64% net organic revenue growth rate and 110% net revenue retention. Court Square’s investment will be used to enhance Power Digital’s existing proprietary machine learning platform, as well as fund strategic acquisitions.
Related content: Marketing Meets Private Equity Business Development
IMB Agrees to Electrical Construction Investment
IMB Partners, a private equity firm focused on the middle market, announced Tuesday (March 15) it reached an agreement to provide a strategic investment in electrical construction services business Carr & Duff. A press release said Car & Duff, with operations along the east coast, will partner with IMB to further grow its customer base and geographic footprint, while also expanding its product and service offering across utility, communication and infrastructure.
