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Queen Saenz + Schutz

Mergers + Aquisitions

We have significant experience representing buyers and sellers in M&A transactions across a variety of industries, with particular focus on middle-market transactions involving private equity funds and other financial sponsors.

Selected Recent Buy-Side Engagements

  • Represented Impact Property Solutions, a Blue Sage Capital portfolio company based in Dallas, Texas, in its acquisition of the Property Services division of Interior Logic Group (“Property Services”), a leading provider of flooring and installation services based in Portland, Oregon and operating 27 branches nationwide. Property Services supplies replacement flooring and installation services to owners and operators of rental housing, including multifamily, senior living, and single-family. The transaction marks the sixth acquisition by QS+S for the Impact team since Impact began its partnership with Blue Sage at the end of 2020. As part of our representation, QS+S also advised Impact on a new credit facility arranged by a group of lenders, including respective advisory clients of Aquarian Private Credit and Deerpath Capital Management, LP.
  • Represented Greenridge Growth Partners in connection with its acquisition of Covr, a workforce management software platform built by operators in post-acute care, and Covr’s subsequent acquisition of Data IQ, a provider of business intelligence services for skilled nursing. Together, Covr and Data IQ form a scheduling system incorporating EMR, payroll and accounting integrations.
  • Represented Owner Resource Group in the acquisition of Purpose Healing Center, a leading provider of behavioral health and substance use disorder services in the southwest United States. The investment included coordination with regulatory specialists in the healthcare industry, the acquisition transaction, rollover equity by the Purpose management team and a new senior secured debt facility.
  • Represented Superstep Capital, a leading private equity investor specializing in technology services companies, in connection with its strategic growth investment in Tru Consulting, a leading partner in the Anaplan ecosystem headquartered in Broomfield, Colorado.
  • Represented Strattam Capital in its majority growth investment (with Spire Capital) in Green Security, a leading provider of SaaS healthcare compliance and access management solutions.
  • Represented Blue Sage Strategic Credit Fund in the structuring of Ground Zero Holdings, LLC, a new platform for the distribution of gauges and valves and fittings. The initial acquisition for Ground Zero was The Gauge House, LLC, a Louisiana-based distributer. The transaction also involved the structuring of the equity partnership with the Ground Zero team, a rollover investment by The Gauge House team, and new senior and mezzanine debt facilities.
  • Represented Owner Resource Group in its recapitalization transaction with Acme Industries, a specialty manufacturer of complex, precision-machined parts and assemblies headquartered in Chicago, Illinois.
  • Represented Blue Sage Capital in its recent investment in Clean Scapes Enterprises, Inc., a leading commercial landscaping company based in Austin, Texas. Founded in 2005, Clean Scapes provides full-service landscape design, installation, maintenance, and enhancement services to a wide variety of commercial property types across Texas. As part of the firm’s role in the transaction, QS+S also advised on a new credit facility with Crescent Capital Group LP to support Clean Scapes’ continued growth.
  • Represented Blue Sage Capital in the simultaneous acquisition of two robust and complementary businesses involved in attachments for skid steers and compact track loaders – Sandwell, LLC (dba Skid Pro Attachments) and Accessories Unlimited, LLC. The combination also involved a senior secured debt facility and an equity investment by the new Skid Pro leadership team.

Selected Recent Sell-Side Engagements

  • Represented Iodine Software, LLC in its sale to Waystar for a total enterprise value of $1.25B. Iodine is a leader in AI-powered clinical intelligence software. QS+S previously represented Iodine in connection with growth equity investments from Bain Capital Ventures and Silversmith Capital Partners in 2018, a growth equity investment from Advent International in 2021, and tuck-in acquisitions of Artifact Health, Inc. and ChartWise Medical Systems, Inc. (both of which closed in 2021).
  • Represented Affinaquest Holdings, Inc., a portfolio company of Strattam Capital specializing in Advancement CRM and Athletics Data Solutions, in connection with its sale by merger with Kindsight, a portfolio company of Incline Equity Partners.
  • Represented Net Vendor, a portfolio company of Greenridge Growth Partners and a leading provider of vendor compliance management software for the real estate industry, with its sale to Five Arrows, the alternative assets arm of Rothschild & Co.
  • Represented Offers.com, LLC in sale to Ziff Davis, LLC, a division of j2 Global (NASDAQ: JCOM). The target operated coupon code and product deals websites from its headquarters in Austin, Texas.
  • Represented world’s largest independent manufacturer of industrial drill bits in leveraged buyout by U.S. private equity firm. Transaction involved the sale of substantially all of the assets of target’s U.S. and Mexico manufacturing and sales operations (with over 1,000 employees), as well as the sale of foreign subsidiaries in France, the United Kingdom, Mexico and Australia.
  • Represented AnswerLab, a leading independent UX firm headquartered in San Francisco, in connection with a strategic investment from Los Angeles-based Shamrock Capital.
  • Represented founders and owners of Via 313, an award-winning restaurant concept specializing in Detroit-style pizza and headquartered in Austin, in connection with its majority recapitalization transaction with Savory Fund.
  • Represented a privately-held Austin-based day and medical spa with multiple locations in connection with its sale to a private equity investment firm.

Practice Areas

Selected Recent Buy-Side Engagements

Impact Property Solutions

Represented Impact Property Solutions, a Blue Sage Capital portfolio company based in Dallas, Texas, in its acquisition of the Property Services division of Interior Logic Group (“Property Services”), a leading provider of flooring and installation services based in Portland, Oregon and operating 27 branches nationwide.

Property Services supplies replacement flooring and installation services to owners and operators of rental housing, including multifamily, senior living, and single-family. The transaction marks the sixth acquisition by QS+S for the Impact team since Impact began its partnership with Blue Sage at the end of 2020.

As part of our representation, QS+S also advised Impact on a new credit facility arranged by a group of lenders, including respective advisory clients of Aquarian Private Credit and Deerpath Capital Management, LP.

Represented Greenridge Growth Partners in connection with its acquisition of Covr, a workforce management software platform built by operators in post-acute care, and Covr’s subsequent acquisition of Data IQ, a provider of business intelligence services for skilled nursing. Together, Covr and Data IQ form a scheduling system incorporating EMR, payroll and accounting integrations.

Represented Owner Resource Group in the acquisition of Purpose Healing Center, a leading provider of behavioral health and substance use disorder services in the southwest United States. The investment included coordination with regulatory specialists in the healthcare industry, the acquisition transaction, rollover equity by the Purpose management team and a new senior secured debt facility.

Represented Superstep Capital, a leading private equity investor specializing in technology services companies, in connection with its strategic growth investment in Tru Consulting, a leading partner in the Anaplan ecosystem headquartered in Broomfield, Colorado.

Represented Strattam Capital in its majority growth investment (with Spire Capital) in Green Security, a leading provider of SaaS healthcare compliance and access management solutions.

Represented Blue Sage Strategic Credit Fund in the structuring of Ground Zero Holdings, LLC, a new platform for the distribution of gauges and valves and fittings. The initial acquisition for Ground Zero was The Gauge House, LLC, a Louisiana-based distributer.

The transaction also involved the structuring of the equity partnership with the Ground Zero team, a rollover investment by The Gauge House team, and new senior and mezzanine debt facilities.

Represented Resource Group in its recapitalization transaction with Acme Industries, a specialty manufacturer of complex, precision-machined parts and assemblies headquartered in Chicago, Illinois.

Represented Blue Sage Capital in its recent investment in Clean Scapes Enterprises, Inc., a leading commercial landscaping company based in Austin, Texas. Founded in 2005, Clean Scapes provides full-service landscape design, installation, maintenance, and enhancement services to a wide variety of commercial property types across Texas.

As part of the firm’s role in the transaction, QS+S also advised on a new credit facility with Crescent Capital Group LP to support Clean Scapes’ continued growth.

Represented Blue Sage Capital in the simultaneous acquisition of two robust and complementary businesses involved in attachments for skid steers and compact track loaders – Sandwell, LLC (dba Skid Pro Attachments) and Accessories Unlimited, LLC.

The combination also involved a senior secured debt facility and an equity investment by the new Skid Pro leadership team.

Selected Recent Sell-Side Engagements

Iodine Software, LLC

Represented Iodine Software, LLC in its sale to Waystar for a total enterprise value of $1.25B. Iodine is a leader in AI-powered clinical intelligence software. QS+S previously represented Iodine in connection with growth equity investments from Bain Capital Ventures and Silversmith Capital Partners in 2018, a growth equity investment from Advent International in 2021, and tuck-in acquisitions of Artifact Health, Inc. and ChartWise Medical Systems, Inc. (both of which closed in 2021).

Represented Affinaquest Holdings, Inc., a portfolio company of Strattam Capital specializing in Advancement CRM and Athletics Data Solutions, in connection with its sale by merger with Kindsight, a portfolio company of Incline Equity Partners.

Represented Net Vendor, a portfolio company of Greenridge Growth Partners and a leading provider of vendor compliance management software for the real estate industry, with its sale to Five Arrows, the alternative assets arm of Rothschild & Co.

Represented Offers.com, LLC in sale to Ziff Davis, LLC, a division of j2 Global (NASDAQ: JCOM). The target operated coupon code and product deals websites from its headquarters in Austin, Texas.

Represented world’s largest independent manufacturer of industrial drill bits in leveraged buyout by U.S. private equity firm. Transaction involved the sale of substantially all of the assets of target’s U.S. and Mexico manufacturing and sales operations (with over 1,000 employees), as well as the sale of foreign subsidiaries in France, the United Kingdom, Mexico and Australia.

Represented AnswerLab, a leading independent UX firm headquartered in San Francisco, in connection with a strategic investment from Los Angeles-based Shamrock Capital.

Represented founders and owners of Via 313, an award-winning restaurant concept specializing in Detroit-style pizza and headquartered in Austin, in connection with its majority recapitalization transaction with Savory Fund.

Represented a privately-held Austin-based day and medical spa with multiple locations in connection with its sale to a private equity investment firm.

Practice Areas