M&A Deal Summary

First Capital Partners Acquires Koontz-Wagner

On March 1, 2014, mezzanine finance firm First Capital Partners acquired business services company Koontz-Wagner from Williams

Acquisition Highlights
  • This is First Capital Partners’ 3rd transaction in the Business Services sector.
  • This is First Capital Partners’ 14th transaction in the United States.
  • This is First Capital Partners’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2014-03-01
Target Koontz-Wagner
Sector Business Services
Buyer(s) First Capital Partners
Sellers(s) Williams
Deal Type Divestiture

Target

Koontz-Wagner

South Bend, Indiana, United States
website
Koontz-Wagner offers repair and testing services for electric motors and other mechanical and electrical equipment, as well as electrical contracting services for commercial and industrial projects. Its maintenance services division repairs motors, generators, switchgear, transformers, electronics, and other electrical and mechanical equipment. Koontz-Wagner was founded in 1921 and is based in South Bend, Indiana.

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Buyer(S) 1

Buyer

First Capital Partners

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 241M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.

DEAL STATS #
Overall 14 of 33
Sector (Business Services) 3 of 5
Type (Divestiture) 1 of 1
State (Indiana) 2 of 2
Country (United States) 14 of 33
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 Labriola Baking

Alsip, Illinois, United States

Labriola Baking Co. is a manufacturer of fresh and frozen artisan breads. Labriola Baking Co. was established in 1993 and is based in Alsip, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Global Precision Products

Rush, New York, United States

Global Precision Products is a contract manufacturer of tight tolerance, precision machined components. Along with precision machining, it offers material sourcing, new product introduction processes and product validations, and build-to-stock inventories and logistics. Global Precision Products was founded in 1997 and is based in Rush, New York.

Buy -

Seller(S) 1

SELLER

Williams

Atlanta, Georgia, United States

website

Category Company
Founded 1998
Sector Energy Services and Equipment
Employees1,264
Revenue 269M USD (2020)
DESCRIPTION

Williams is a designer, engineer and manufacturer of auxiliary equipment for gas turbines used in power plants and a variety of industrial applications. Williams was founded in 1998 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 3
State (Indiana) 1 of 2
Country (United States) 1 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 Hetsco

Greenwood, Indiana, United States

Hetsco, Inc. is a provider of mission critical brazed aluminum heat exchanger ("BAHX") repair, maintenance and safety services to the industrial gas, liquefied natural gas ("LNG") and petrochemical industries.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Hetsco

Greenwood, Indiana, United States

Hetsco, Inc. is a provider of mission critical brazed aluminum heat exchanger ("BAHX") repair, maintenance and safety services to the industrial gas, liquefied natural gas ("LNG") and petrochemical industries.

Sell $22M
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