M&A Deal Summary

Gen Cap America Acquires Harford Systems

On September 2, 2021, private equity firm Gen Cap America acquired manufacturer Harford Systems from Avidity Science

Acquisition Highlights
  • This is Gen Cap America’s 5th transaction in the Manufacturing sector.
  • This is Gen Cap America’s 54th transaction in the United States.
  • This is Gen Cap America’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2021-09-02
Target Harford Systems
Sector Manufacturing
Buyer(s) Gen Cap America
Sellers(s) Avidity Science
Deal Type Divestiture

Target

Harford Systems

Aberdeen, Maryland, United States
website
Harford Systems is a manufacturer of custom Metal Fabricators. Harford Systems is based in Aberdeen, Maryland.

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Buyer(S) 1

Buyer

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $5 to $100 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 55 of 55
Sector (Manufacturing) 5 of 5
Type (Divestiture) 6 of 6
State (Maryland) 2 of 2
Country (United States) 54 of 54
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Lab Products

Seaford, Delaware, United States

Lab Products is a manufacturer of laboratory animal housing and care equipment. Lab Products serves an entrenched global base of customers spanning multiple market segments, including the sciences, government, and academic research. Lab Products is based in Seaford, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Renaissance

Harvard, Massachusetts, United States

Renaissance is a designer and producer of high-reliability passive and active radio frequency (RF) and millimeter-wave frequency (mmW) components, sub-systems, and higher-order assemblies, primarily serving the custom needs of the defense and commercial markets. Renaissance’s engineered solutions have applications across a wide spectrum ranging from DC to 325GHz and their products are used in radars, defense, and communication systems that rely on optimized bandwidth and range. Renaissance was founded in 1991 and is based in Harvard, Massachusetts.

Sell -

Seller(S) 1

SELLER

Avidity Science

Waterford, Wisconsin, United States

website

Category Company
Founded 1969
Sector Life Science
DESCRIPTION

Avidity Science is a designer and manufacturer of automated watering and monitoring solutions for the animal and laboratory research markets. Avidity Science was established in 1969 and is based in Waterford, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Lab Products

Seaford, Delaware, United States

Lab Products is a manufacturer of laboratory animal housing and care equipment. Lab Products serves an entrenched global base of customers spanning multiple market segments, including the sciences, government, and academic research. Lab Products is based in Seaford, Delaware.

Sell -
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