M&A Deal Summary

Heritage Growth Partners and Emigrant Capital Acquire East West

On May 31, 2016, family office Heritage Growth Partners and corporate investor Emigrant Capital acquired electrical equipment company East West

Acquisition Highlights
  • This is Heritage Growth Partners’ 1st and Emigrant Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Heritage Growth Partners’ 1st and Emigrant Capital’s 5th transaction in the United States.
  • This is Heritage Growth Partners’ 1st and Emigrant Capital’s 1st transaction in Georgia.

M&A Deal Summary

Date 2016-05-31
Target East West
Sector Electrical Equipment
Buyer(s) Heritage Growth Partners
Emigrant Capital
Deal Type Recapitalization
Advisor(s) Dentons (Legal)

Target

East West

Atlanta, Georgia, United States
website
East West is a manufacturer of complex, precision components, electronics, and motors. East West was founded in 2001 and is based in Atlanta, Georgia.

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Buyer(S) 2

DESCRIPTION

Trail is a European private equity firm that has set-up an investment platform across Europe and Asia, with its two strategic partners, Silk Road Fund and CICC, a China-based investment bank. Trail’s team helps small and mid-size European companies scaling up, with a specific focus on innovation and China. Trail Management was formed in 2017 and is headquartered in Paris.


DEAL STATS #
Overall 1 of 3
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 3
State (Georgia) 1 of 2
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Creative Sign Designs

Tampa, Florida, United States

Creative Sign Designs is a provider of consulting, design, fabrication, installation and maintenance services for custom exterior, interior and wayfinding signage and environmental graphics solutions. Creative Sign Designs was founded in 1986 and is based in Tampa, Florida.

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Buyer

Emigrant Capital

New York, New York, United States

Investor Investor Investor Investor

website


Category Corporate Investor
Founded 1998
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Emigrant Capital Corp is the investment arm of family-owned Emigrant Saving Bank. Emigrant provides both debt and equity capital to lower middle-market companies headquartered in the US. Through its affiliation with Emigrant Saving Bank, Emigrant Capital provides financial solutions including traditional equity investments, hybrid debt/equity securities, mezzanine, and senior debt financing. Emigrant Capital focuses on profitable companies with strong management teams, large addressable markets, diversified revenues and customers, revenues between $10 - $100 million, and EBITDA of $2 - $15 million. Emigrant looks to invest $5 to $30 million per transaction. Specific areas of interest include healthcare, technology, and manufacturing. The Firm will consider a variety of transaction types, including buyouts, recapitalizations, growth equity, turnarounds, and special situations. Emigrant Capital Corp was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 5 of 6
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 2
State (Georgia) 1 of 1
Country (United States) 5 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Cascade Drilling

Bothell, Washington, United States

Cascade Drilling is a provider of environmental and geotechnical services. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wire-line coring, and direct push drilling. Cascade Drilling was founded in 1991 and is based in Bothell, Washington.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Fire Door Solutions

Stilwell, Kansas, United States

Fire Door Solutions offers turnkey solutions for fire doors, damper and barrier inspections, and repairs. Fire Door Solutions was founded in 2013 and is based in Stilwell, Kansas.

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