Investment Summary

Graham Partners and PNC Erieview Capital Invest In OptConnect

On December 12, 2017, private equity firm Graham Partners and mezzanine finance firm PNC Erieview Capital invested in technology hardware company OptConnect

Investment Highlights
  • This is Graham Partners’ 2nd and PNC Erieview Capital’s 1st transaction in the Technology Hardware sector.
  • This is Graham Partners’ 36th and PNC Erieview Capital’s 9th transaction in the United States.
  • This is Graham Partners’ 2nd and PNC Erieview Capital’s 2nd transaction in Utah.

Investment Summary
Date 2017-12-12
Target OptConnect
Sector Technology Hardware
Investor(s) Graham Partners
PNC Erieview Capital
Deal Type Growth Capital

Target

OptConnect

Kaysville, Utah, United States
website
OptConnect is a one-stop-shop provider of wireless connectivity solutions for unattended equipment. Primary Internet of Things (IoT) markets for OptConnect include wireless ATMs, self-service kiosks, micro-markets and digital signage. OptConnect's solution focuses on providing safe, secure, reliable and cost effective IoT connectivity by using a combination of proprietary device configurations, network monitoring and tight integration with wireless internet carriers. OptConnect was founded in 2010 and is based in Kaysville, Utah.

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Investor(S) 2

Investor

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.

DEAL STATS #
Overall 38 of 55
Sector (Technology Hardware) 2 of 5
Type (Growth Capital) 3 of 7
State (Utah) 2 of 2
Country (United States) 36 of 48
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 EasyPak

Leominster, Massachusetts, United States

EasyPak is a thermoformed packaging provider focused on serving attractive healthy and natural food categories. EasyPak was founded in 2004 and is based in Leominster, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Comar

Voorhees, New Jersey, United States

Comar is a designer and manufacturer of rigid plastic solutions, serving the Medical, Pharmaceutical, Consumer Healthcare, Personal & Home Care, Food & Beverage, and other niche markets. We have a longstanding reputation for developing creative, industry-compliant packaging and dispensing solutions for customers who count on us for quality driven engineering and manufacturing. Comar was founded in 1949 and is based in Voorhees, New Jersey.

Sell -
Investor

PNC Erieview Capital

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.

DEAL STATS #
Overall 9 of 38
Sector (Technology Hardware) 1 of 1
Type (Growth Capital) 3 of 13
State (Utah) 2 of 2
Country (United States) 9 of 38
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-04 EnableComp

Franklin, Tennessee, United States

EnableComp is a provider of workers' compensation, Veteran Affairs, and other complex claims processing solutions, facilitated by its proprietary software, Enforcer360. EnableComp was founded in 2000 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Southern Aluminum

Magnolia, Arkansas, United States

Southern Aluminum is a manufacturer of furniture and accessories for the hospitality and convention center industries. Southern Aluminum was founded in 1978 and is based in Magnolia, Arkansas.

Buy -
Mergr

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