AGData, MedData
Business Services
A leading provider of outsourced database management, marketing program administration, data collection and data analysis services to the agriculture/crop protection, animal health and healthcare industries.
III
Fund
III
Fund
Fund III
Location Charlotte, NC
Year of Investment 2006
CEO Verl Purdy
Status Exited 2010
Results
Completed
add-on acquisitions
EBITDA grew
from 2006 to 2009
Revenue grew
from 2006 to 2009
Value Creation Initiatives
What did the business need?
In February 2006, Carousel Capital directly structured a transaction to buy out a retiring co-founder, enabling the CEO to roll over his entire ownership stake. Carousel partnered with the CEO and AGDATA management to facilitate the company’s acquisition strategy and better leverage the company’s infrastructure and customer base.
What outcomes did we achieve?
How did we create value?
“
From the beginning of their investment, Carousel was extremely supportive of our management team’s vision for the business. We forged a true partnership without which our very significant growth and successful results would have not been achieved.
Verl Purdy, Former Chairman and CEO, AGDATA, Former Portfolio Company
Note: The above testimonial is provided by a current or former Carousel Capital portfolio company executive and reflects their own personal opinion and is provided to demonstrate the benefits of working with the Carousel Capital team and is not provided to solicit investors or to illustrate investment experience with Carousel Capital. The executive was not paid for their testimonial but receives compensation in other forms such as the making of personal investments in Carousel Capital funds, including certain funds at reduced fee rates. A potential conflict of interest exists because an executive is generally incentivized to make positive statements to maintain goodwill with Carousel Capital.
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February 08, 2010
Carousel Capital Exits AGDATASeptember 30, 2010
AGDATA Named Buyout of the Year