M&A Deal Summary

Clearview Capital and Brookside Capital Partners Acquire Controlled Products

On March 29, 2016, private equity firm Clearview Capital and mezzanine finance firm Brookside Capital Partners acquired consumer products company Controlled Products from Keystone Capital

Acquisition Highlights
  • This is Clearview Capital’s 2nd and Brookside Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is Clearview Capital’s 25th and Brookside Capital Partners’ 21st transaction in the United States.
  • This is Clearview Capital’s 1st and Brookside Capital Partners’ 1st transaction in Georgia.
Investment Fate
  • Controlled Products was sold to a consortium of financial buyers in 2021.
  • Controlled Products merged with another company in 2022.

M&A Deal Summary

Date 2016-03-29
Target Controlled Products
Sector Consumer Products
Buyer(s) Clearview Capital
Brookside Capital Partners
Sellers(s) Keystone Capital
Deal Type Secondary Buyout

Target

Controlled Products

Dalton, Georgia, United States
website
Controlled Products is a manufacturer and distributor of premium quality synthetic turf for sports, training, landscape, leisure, and specialty applications. Controlled products are sold to a national network of dealers and installers under Controlled Products’ highly recognizable brand names, SporTurf, GrassTex, and Synthetic Turf International. Controlled also delivers a broad array of turf products to original equipment manufacturers and large regional installation companies under private label arrangements. Controlled Products is based in Dalton, Georgia.

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Buyer(S) 2

Buyer
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 26 of 43
Sector (Consumer Products) 2 of 4
Type (Secondary Buyout) 2 of 3
State (Georgia) 1 of 2
Country (United States) 25 of 42
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 Active Day

Trevose, Pennsylvania, United States

Active Day is a provider of adult day health services and in-home personal care. With more than 80 locations across the country, the Company provides therapeutic activities, opportunities for socialization, and expert health and nursing care to improve its members’ daily functioning and delay the onset of chronic illness. Active Day was founded in 1995 and is based in Trevose, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Orchard & Vineyard Supply

McMinnville, Oregon, United States

Orchard & Vineyard Supply is an agricultural solutions provider offering trellis equipment and supplies, irrigation, chemicals, and fertilizers to orchard and vineyard growers nationwide. With retail locations throughout Washington, Oregon, California, and New York, and convenient online shopping products are sold. Orchard & Vineyard Supply was founded in 1988 and is based in McMinnville, Oregon.

Buy -
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 21 of 39
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 8 of 13
State (Georgia) 1 of 2
Country (United States) 21 of 39
Year (2016) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-19 SunTree Snack Foods

Phoenix, Arizona, United States

SunTree Snack Foods is a producer of private-label nuts and dried fruit that serves as a source of healthy fats, dietary fiber, and protein. SunTree Snack Foods is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 American Distributors

Randolph, New Jersey, United States

American Distributors is a distributor and value-added assembler of electrical components and systems primarily for the global aerospace industry. With an extensive network of worldwide suppliers. American Distributors was founded in 1983 and is based in Randolph, New Jersey.

Buy -

Seller(S) 1

SELLER

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 23
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 2 of 6
State (Georgia) 1 of 1
Country (United States) 9 of 23
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Target Engineering Group

Coral Gables, Florida, United States

Target Engineering Group, Inc. is a provider of construction management, professional engineering, and construction inspection services. Target Engineering Group, Inc. was founded in 1999 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Nature Soy

Philadelphia, Pennsylvania, United States

Nature Soy is a major supplier of soy and vegetarian food products to the US market, has been producing high quality soy products since 1990. Located in Philadelphia, the Company primarily serves the mid-Atlantic region with distribution channels reaching as far west as Chicago. Nature Soy's products include both traditional and specialty tofu, soy milk, rice noodles and soy puffs, all of which can be found in major Asian grocery stores, supermarkets and natural food stores, as well as restaurants in the Northeast. The Company strives to produce the best-tasting and freshest products, using non-GMO soy beans and its proprietary formulas to create a unique and desirable flavor profile.

Buy -