M&A Deal Summary

Granite Bridge Partners and Northstar Capital Acquire Integrated Cable Assembly Holdings

On May 1, 2014, private equity firm Granite Bridge Partners and mezzanine finance firm Northstar Capital acquired electrical equipment company Integrated Cable Assembly Holdings

Acquisition Highlights
  • This is Granite Bridge Partners’ 2nd and Northstar Capital’s 4th transaction in the Electrical Equipment sector.
  • This is Granite Bridge Partners’ 1st and Northstar Capital’s 1st transaction in Mexico.

M&A Deal Summary

Date 2014-05-01
Target Integrated Cable Assembly Holdings
Sector Electrical Equipment
Buyer(s) Granite Bridge Partners
Northstar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Integrated Cable Assembly Holdings

Nogales, Mexico
website
Integrated Cable Assembly Holdings is a manufacturer of wire harnesses, cable assemblies and electromechanical assemblies, offering turn-key manufacturing services through its U.S. and Mexican facilities to domestic and international customers. Integrated Cable Assembly Holdings is based in Nogales, Mexico.

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Buyer(S) 2

Buyer

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 15 of 18
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 11
Country (Mexico) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-26 Architectural Testing

Pittsburgh, Pennsylvania, United States

Architectural Testing, Inc. is a provider of performance testing, certification services and related professional services to the building products industry in the United States.

Sell £59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Mitchell Gold + Bob Williams

Taylorsville, North Carolina, United States

Mitchell Gold + Bob Williams is a manufacturer of high-quality furniture in the U.S. The company's innovative and stylish products are sold in many of the country's specialty home furnishings retailers, catalog retailers, and the company's signature stores. Mitchell Gold + Bob Williams was founded in 1989 and is based in Taylorsville, North Carolina.

Sell -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 59 of 107
Sector (Electrical Equipment) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 28 of 42
Country (Mexico) 1 of 1
Year (2014) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-14 Windy City Wire Cable & Technology Products

Bolingbrook, Illinois, United States

Windy City Wire Cable & Technology Products LLC is a distributor of high-end, low-voltage wire, cable, and related low-voltage devices (cameras, DVRs, relays, etc.) serving the security, access control, CCTV, fire alarm, and home automation markets. The wire and cable are sold under the SmartWire brand name. Windy City Wire was formed in 1994 and is based in Bolingbrook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 ZSI

Canton, Missouri, United States

ZSi-Foster is a manufacturer and supplier of clamping and coupling devices that are attached to pipe, tube and hose to prevent vibration, shock, surge and corrosion. The company offers a full breadth of product serving the general industrial, fluid power, HVAC, refrigeration and electrical markets.

Sell -