M&A Deal Summary

Bertram Capital Acquires BearCom

On July 10, 2018, private equity firm Bertram Capital acquired electronics company BearCom from LKCM Headwater Investments

Acquisition Highlights
  • This is Bertram Capital’s 1st transaction in the Electronics sector.
  • This is Bertram Capital’s 21st transaction in the United States.
  • This is Bertram Capital’s 2nd transaction in Texas.
Investment Fate
  • BearCom was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2018-07-10
Target BearCom
Sector Electronics
Buyer(s) Bertram Capital
Sellers(s) LKCM Headwater Investments
Deal Type Secondary Buyout

Target

BearCom

Garland, Texas, United States
website
BearCom is a provider of wireless communications equipment and solutions for two-way radios and other voice and data technologies over 20,000 commercial, industrial and government customers across North America. BearCom was formed in 1981 and is based in Garland, Texas.

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Buyer(S) 1

Buyer

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $25 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.

DEAL STATS #
Overall 23 of 40
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 6 of 12
State (Texas) 2 of 4
Country (United States) 21 of 37
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Maxcess

Oklahoma City, Oklahoma, United States

Maxcess is a provider of highly engineered, mission critical components used in web process manufacturing applications. Maxcess's line of web accessory products and includes web-guiding systems, winding products, slitting products and systems tension controls, and inspection products. The Maxcess umbrella covers the strongest brand names in the industry. Fife pioneered automated web guiding, Tidland invented the very first expanding air shaft and MAGPOWR has the largest installed base of tension products in the industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Premier Material Concepts

Findlay, Ohio, United States

Premier Material Concepts LLC is an extrusion company specializing primarily in the manufacture of plastic sheet products used in recreational vehicles, agricultural, and industrial applications. Focusing on attractive niche markets for thermoforming applications, PMC supplies high-performance plastics requiring specialist solutions and significant materials expertise.

Sell -

Seller(S) 1

SELLER

LKCM Headwater Investments

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

LKCM Headwater Investments is a private equity firm that seeks to partner with management teams to build successful companies. The Firm takes an operationally-minded approach and provides companies with the tools necessary to build market leaders with sustainable competitive advantages. LKCM generally pursues platform companies with $50 to $500 million and seeks to commit $5 to $80 million per transaction. Sectors of interest include industrial distribution/services, manufacturing, energy, financial services, and healthcare. LKCM Headwater is based in Fort Worth, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Alliance Sports Group

Grand Prairie, Texas, United States

Alliance Sports Group is a designer and marketer of branded consumer products known for their innovative designs, unique features, and high quality across multiple product categories in the outdoor enthusiast and active lifestyle market. Alliance Sports Group distributes these products through six different brands: NEBO (flashlights and lighting tools), iProtec (lighting and firearm accessories), True Utility (utility and everyday carry tools), Bollinger (fitness accessories) and WeatherRite and Quarrow (outdoor lighting and fishing accessories). Alliance Sports Group was founded in 1974 and is based in Grand Prairie, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Relevant Solutions

Houston, Texas, United States

Relevant Solutions is a compressed, oil-free air rental provider to end-users in a refinery, petrochemical, power generation, food and beverage, pharmaceutical, plastics, and other industrial settings. Relevant’s fleet can address a full spectrum of pressure and flow needs for its customers, which often operate in environments in which tailored solutions for oil-free air are required. Relevant Solutions was founded in 1984 and is based in Houston, Texas.

Buy -
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