M&A Deal Summary

Gamut Capital Management Acquires Davis-Standard

On November 9, 2021, private equity firm Gamut Capital Management acquired machinery company Davis-Standard from ONCAP Management Partners

Acquisition Highlights
  • This is Gamut Capital Management’s 2nd transaction in the Machinery sector.
  • This is Gamut Capital Management’s 5th transaction in the United States.
  • This is Gamut Capital Management’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-11-09
Target Davis-Standard
Sector Machinery
Buyer(s) Gamut Capital Management
Sellers(s) ONCAP Management Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)

Target

Davis-Standard

Pawcatuck, Connecticut, United States
website
Davis-Standard designs develop and manufacture extrusion systems and process controls for the flexible web converting, plastics processing, and rubber industries. Davis-Standard manufactures extrusion equipment for the blown film, blow molding, cast film, extrusion coating and laminating, and other applications. Davis-Standard was founded in 1848 and is based in Pawcatuck, Connecticut.

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Buyer(S) 1

Buyer

Gamut Capital Management

website

Category Private Equity Firm
Founded 2015
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gamut Capital Management is a private equity group focused on investing $50 to $150 million in middle market US-based companies. Target sectors include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation. Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. Gamut Capital Management was formed in 2015 and is based in New York City.

DEAL STATS #
Overall 6 of 7
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 4 of 5
State (Connecticut) 1 of 1
Country (United States) 5 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 PS Logistics

Birmingham, Alabama, United States

PS Logistics is a full-service logistics solution provider with over 2000 flatbed assets, vans, step decks/RGN's, brokerage division, transportation management and 3PL, and dedicated fleet operations. PS Logistics is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Extreme Reach

Dedham, Massachusetts, United States

Extreme Reach is a provider of integrated cross-media video advertising and talent solutions that span TV, Web, Mobile, and all other video media. Extreme Reach was founded in 2008 and is based in Dedham, Massachusetts.

Buy -

Seller(S) 1

SELLER

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.

DEAL STATS #
Overall 16 of 16
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 7 of 7
State (Connecticut) 1 of 1
Country (United States) 8 of 8
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Bradshaw

Rancho Cucamonga, California, United States

Bradshaw is a designer, marketer, and category manager of high-quality kitchen tools and gadgets, bakeware, cookware, food storage, and home cleaning products to retailers across North America. The Company sells over 7,000 products under nationally recognized brands including: Good Cook, Casabella, Evercare, Mr. Clean, Clorox, and Dawn, in addition to supporting retailers’ private label programs. Bradshaw was formed in 1969 and is based in Rancho Cucamonga, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-17 Merrithew

Toronto, Ontario, Canada

Merrithew is a provider of mind-body education, content, and equipment. The company has trained more than 60,000 instructors and partners worldwide, developed six innovative education programs STOTT PILATES, ZEN•GA, Total Barre, Halo Training, Merrithew Fascial Movement, and CORE Athletic Conditioning & Performance Training and has produced an extensive line of professional and at-home equipment and accessories for personal and professional use. In 2020, Merrithew launched Merrithew Connect, a video streaming platform featuring new and signature Pilates, fitness and mind-body workouts, training, and education from its internationally-recognized team of presenters. Merrithew was formed in 1988 and is based in Toronto, Ontario.

Buy -
Mergr

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