RECENT RELEASES
OnPoint Group-
Business
OnPoint Group (OnPoint) (f/k/a Material Handling Services) is the largest provider of brand-independent repair, maintenance and fleet management services to retail, manufacturing, distribution, healthcare and hospitality companies. Based in Perrysburg, Ohio, the company primarily delivers its services via two business units, Miner Corporation and Total Fleet Solutions. Miner provides outsourced facility services including installation, repairs and asset tracking solutions to reduce customer costs and improve uptime. Total Fleet Solutions is a brand independent provider of turnkey fleet management services for Fortune 1000 companies and large manufacturing & distribution companies throughout North America.
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Harvest Partners Investment
In March 2017, Harvest acquired OnPoint in partnership with management. To fund the acquisition, Harvest arranged the debt financing, which included a senior credit facility, second lien and preferred equity financing. In addition, Harvest arranged equity co-investment capital.
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Investment Thesis
- Leading provider in the large and highly-fragmented material handling services market
- Strong history of organic growth with multiple organic growth levers
- Only active consolidator with proven acquisition strategy
- Deep management team with track record of success
