Cravey, Green & Wahlen, a private equity firm based in Atlanta, will take AHL Services, Inc., a provider of marketing support services, private in a deal valued at $100 million.
CG&W said Monday that it would acquire shares of AHL (Nasdaq: AHLS) that it did not already own. It will pay $1.50 in cash per share. Clay Perfall, chief executive officer of AHL, which is based in Arlington, VA, and founder Frank Argenbright and others will retain 40 percent ownership of the new corporation, the companies said.
The per-share price represents a 168 percent premium.
CG&W typically manages acquisitions and recapitalizations in the range of $25 million to $200 million.