M&A Deal Summary

Comvest Partners, JW Levin Management Partners and Cohesive Capital Partners Acquire Lasko Products

On November 21, 2016, private equity firms Comvest Partners, JW Levin Management Partners and Cohesive Capital Partners acquired consumer products company Lasko Products

Acquisition Highlights
  • This is Comvest Partners’ 2nd, JW Levin Management Partners’ 1st and Cohesive Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is Comvest Partners’ 37th, JW Levin Management Partners’ 1st and Cohesive Capital Partners’ 9th transaction in the United States.
  • This is Comvest Partners’ 1st, JW Levin Management Partners’ 1st and Cohesive Capital Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2016-11-21
Target Lasko Products
Sector Consumer Products
Buyer(s) Comvest Partners
JW Levin Management Partners
Cohesive Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Wells Fargo Securities (Financial)
Fox Rothschild (Legal)

Target

Lasko Products

West Chester, Pennsylvania, United States
website
Lasko Products is a manufacturer of portable fans, heaters, air purifiers, humidifiers, pedestal, blower, and window fans. Lasko Products was founded in 1906 and is based in West Chester, Pennsylvania.

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Buyer(S) 3

Buyer

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 37 of 57
Sector (Consumer Products) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Pennsylvania) 1 of 3
Country (United States) 37 of 56
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Convey

Fort Lauderdale, Florida, United States

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Transfast

New York, New York, United States

Transfast is a provider of cross-border payments solutions to consumers and businesses around the world. The Company operates a multi-product, best-in-class payments network capable of processing payments across 120 countries and offering more than 1,000 currency pairs. Transfast was founded in 1988 and is based in New York.

Buy -
DESCRIPTION

JW Levin Management Partners LLC is a management and investment firm focused on consumer products, retail, and restaurant companies. JW Levin Management Partners was formed in 2015 and is based in New York City.


DEAL STATS #
Overall 1 of 3
Sector (Consumer Products) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Buy -
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 10 of 32
Sector (Consumer Products) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 10
State (Pennsylvania) 1 of 2
Country (United States) 9 of 30
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 Forman Mills

Pennsauken, New Jersey, United States

Forman Mills is a provider of apparel and footwear for men, women, and children as well as home goods. Forman Mills owns and operates 36 stores in nine states. Forman Mills was founded in 1985 and is based in Pennsauken, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Outworx Group

Westbury, New York, United States

Outworx Group is a provider of diversified municipal and facility maintenance services. Outworx Group was founded in 1981 and is headquartered in Westbury, New York.

Buy -