Investment Summary

Compass Group Equity Partners and Aldine Capital Partners Invest In Mearthane Products

On January 11, 2023, private equity firm Compass Group Equity Partners and mezzanine finance firm Aldine Capital Partners invested in manufacturer Mearthane Products

Investment Highlights
  • This is Compass Group Equity Partners’ 1st and Aldine Capital Partners’ 10th transaction in the Manufacturing sector.
  • This is Compass Group Equity Partners’ 15th and Aldine Capital Partners’ 61st transaction in the United States.
  • This is Compass Group Equity Partners’ 2nd and Aldine Capital Partners’ 1st transaction in Rhode Island.

Investment Summary

Date 2023-01-11
Target Mearthane Products
Sector Manufacturing
Investor(s) Compass Group Equity Partners
Aldine Capital Partners
Deal Type Growth Capital

Target

Mearthane Products

Cranston, Rhode Island, United States
website
Mearthane Products is a manufacturer of custom formulated and fabricated open-cast, thermoset polyurethane components. Recognized as a pioneer in the development of polyurethane rollers for copiers, Mearthane Products is a key supplier for manufacturers in the business machine, industrial, recreational, and military/defense industries. Mearthane Products was foudned in 1965 and is based in Cranston, Rhode Island.

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Investor(S) 2

DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 15 of 17
Sector (Manufacturing) 1 of 1
Type (Growth Capital) 4 of 4
State (Rhode Island) 2 of 2
Country (United States) 15 of 17
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Florida Energy Water & Air

Maitland, Florida, United States

Florida Energy Water & Air is a fully integrated sales, installation and service contractor providing water treatment systems, water heaters, HVAC, and related products to a large customer base across Florida, Georgia, and Alabama. Florida Energy Water & Air was founded in 1989 and is based in Maitland, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Anderson UnderBridge

York, South Carolina, United States

Anderson UnderBridge is a manufacturer and rental operator of mobile bridge inspection trailers and trucks used in the inspection and maintenance of bridges. Anderson UnderBridge was founded in 2005 and is based in York, South Carolina.

Buy -
Investor

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 61 of 66
Sector (Manufacturing) 10 of 11
Type (Growth Capital) 22 of 25
State (Rhode Island) 1 of 1
Country (United States) 61 of 66
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Jor-Mac

Lomira, Wisconsin, United States

Jor-Mac is a manufacturer of metal fabrications and electromechanical-assemblies for OEMs in the HVAC, industrial automation, and back-up power / grid infrastructure space. Jor-Mac was founded in 1952 and is based in Lomira, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Aquatrols

Paulsboro, New Jersey, United States

Aquatrols is a manufacturer of specialty chemicals for use in agricultural, turfgrass, and horticultural markets. Aquatrols produces proprietary soil surfactants and other technologies used to optimize soil-plant-water interactions, allowing for more efficient water use by farms, golf courses, nurseries, greenhouses, and other users. Aquatrols was founded in 1955 and is based in Paulsboro, New Jersey.

Sell -