M&A Deal Summary

Generation Growth Capital and EXMARQ Capital Partners Acquire Harrell s Car Wash Systems

On November 16, 2016, private equity firm Generation Growth Capital and mezzanine finance firm EXMARQ Capital Partners acquired distribution company Harrell s Car Wash Systems

Acquisition Highlights
  • This is Generation Growth Capital’s 2nd and EXMARQ Capital Partners’ 1st transaction in the Distribution sector.
  • This is Generation Growth Capital’s 12th and EXMARQ Capital Partners’ 2nd transaction in the United States.
  • This is Generation Growth Capital’s 2nd and EXMARQ Capital Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2016-11-16
Target Harrell s Car Wash Systems
Sector Distribution
Buyer(s) Generation Growth Capital
EXMARQ Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Harrell s Car Wash Systems

Indianapolis, Indiana, United States
website
Harrell's Car Wash Systems is a distributor of car wash systems and supplies. Harrell's Car Wash Systems, Inc. was founded in 1978 and is based in Indianapolis, Indiana.

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Buyer(S) 2

Buyer

Generation Growth Capital

Milwaukee, Wisconsin, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Generation Growth Capital, Inc. is a lower-middle market private equity firm. Generation invests in established manufacturing, service, and distribution businesses valued up to $30 million. The Firm will consider equity and subordinated debt commitments and looks to invest $1 to $10 million per transaction. Generation Growth has offices in Milwaukee and Chicago.


DEAL STATS #
Overall 12 of 16
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 11
State (Indiana) 2 of 3
Country (United States) 12 of 16
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 Atlantic Precision

Port St Lucie, Florida, United States

Atlantic Precision, Inc. is a provider of 3D printing metal and additive manufacturing technologies. Atlantic Precision is based in Port St Lucie, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Select Food Products

North Plymouth, Minnesota, United States

Select Food Products, Inc. is a custom food manufacturer specializing in the sandwich, breakfast, snack and dessert categories. Select Foods prides itself on providing customized and innovative solutions to retail, club, convenience store, and foodservice customers. Select Food Products is based in North Plymouth, Minnesota.

Buy -
DESCRIPTION

EXMARQ Capital Partners is a private investment firm focused on making junior capital investments in lower middle-market companies predominantly in the upper Midwest US. The Firm targets investments in well-established, profitable, growth oriented companies in support of management buyouts, owner liquidity events, recapitalizations, and expansion needs. EXMARQ looks for strong management teams and businesses with defensible market positions. Sectors of interest include manufacturing, value-added distribution, and business services. EXMARQ Capital was formed in 2011 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 2 of 4
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Adler Hot Oil Services

Vernal, Utah, United States

Adler Hot Oil Services LLC is an oilfield service company providing heating services for oil and gas well sites. Adler Hot Oil Services was founded in 1989 and is based in Vernal, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Select Food Products

North Plymouth, Minnesota, United States

Select Food Products, Inc. is a custom food manufacturer specializing in the sandwich, breakfast, snack and dessert categories. Select Foods prides itself on providing customized and innovative solutions to retail, club, convenience store, and foodservice customers. Select Food Products is based in North Plymouth, Minnesota.

Buy -