M&A Deal Summary

Aterian Investment Partners Acquires Backyard Discovery

On August 31, 2015, private equity firm Aterian Investment Partners acquired manufacturer Backyard Discovery from Baird Capital and Greyrock Capital Group

Acquisition Highlights
  • This is Aterian Investment Partners’ 3rd transaction in the Manufacturing sector.
  • This is Aterian Investment Partners’ 7th transaction in the United States.
  • This is Aterian Investment Partners’ 1st transaction in Kansas.

M&A Deal Summary

Date 2015-08-31
Target Backyard Discovery
Sector Manufacturing
Buyer(s) Aterian Investment Partners
Sellers(s) Baird Capital
Greyrock Capital Group
Deal Type Secondary Buyout
Advisor(s) TM Capital Corp. (Financial)

Target

Backyard Discovery

Pittsburg, Kansas, United States
website
Backyard Discovery is a manufacturer of wood swing sets, playhouses, patio products, and sheds under many brands. Backyard Discovery was founded in 1968 and is based in River Grove, Illinois.

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Buyer(S) 1

Buyer

Aterian Investment Partners

New York, New York, United States

Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.


DEAL STATS #
Overall 7 of 24
Sector (Manufacturing) 3 of 6
Type (Secondary Buyout) 2 of 5
State (Kansas) 1 of 1
Country (United States) 7 of 24
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 SourceLink

Itasca, Illinois, United States

SourceLink LLC is a provider of direct marketing services and document statement solutions. The Company utilizes data intelligence, incorporate a multi-channel approach and leverage technology and print production expertise to provide client marketing programs to return on investment ("ROI") through the improvement of customer response and interaction. SourceLink was founded in 1997 and is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Burner Systems International

Chattanooga, Tennessee, United States

Burner Systems International, Inc. is a designer, developer and manufacturer of components and custom solutions for gas appliance OEMs. The company offers product development, supply chain integration, logistics, and support services.

Sell -

Seller(S) 2

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 32 of 50
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 7 of 14
State (Kansas) 1 of 1
Country (United States) 32 of 44
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 SloanLED

San Angelo, Texas, United States

SloanLED is a designer and manufacturer of LED lighting systems for use in sign, spa, and optoelectronic applications. SloanLED was founded in 1957 and is based in San Angelo, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Justrite

Des Plaines, Illinois, United States

Justrite is a manufacturer of safety products that are designed to help companies prevent catastrophic events caused by fire or spillage of hazardous materials. Justrite was founded in 1906 and headquartered in Des Plaines, Illinois.

Sell -
SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


DEAL STATS #
Overall 24 of 45
Sector (Manufacturing) 2 of 4
Type (Secondary Buyout) 10 of 18
State (Kansas) 1 of 1
Country (United States) 24 of 45
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 GED

Glenwillow, Ohio, United States

GED designs, engineers, and manufactures automation solutions for the North American window and door industry. The Company’s solution offerings include equipment manufacturing, production software, and aftermarket parts and services. GED is based in Glenwillow, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Solair Group

Miami, Florida, United States

Solair Group is a provider and supplier of low-cost tooling and Ground Support Equipment (GSE) for all types of aircraft. Solair Group offers a broad range of manufactured and sourced maintenance tooling products along with full-service technical support, repairs, recertification, and calibration to all of our Airline, MRO, and military customers across the globe. Solair Group was founded in 2001 and is based in Miami, Florida.

Buy -