Granite Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

Granite Partners’ most common sectors for investment areenvironmental (16%) and manufacturing (16%) . The Firm’s most common investment types include growth capital (31%) and buyout (lbo, mbo, mbi) (24%). In total, Granite Partners has invested in 3 US states. Its largest (disclosed) acquisition occurred in 2004 when it acquired Dezurik for $30M.

The Firm’s most common exit type is trade sale (67%). Granite Partners’ largest (disclosed) exit occurred in 2012 when it sold Hoonuit for $19M.

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M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity13
    • M&A Sell Activity6
  • Total Sectors Invested 10
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11

Granite Partners

122 12th Avenue North, Suite 201,
St. Cloud, Minnesota 56303
United States
(320) 251-1800
www.granite.com
info@graniteequity.com

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.


Investment Criteria

Sectors of Interest: Agriculture, Building Materials, Communications, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Environmental, Financial Services, Internet Software and Services, Life Science, Machinery, Manufacturing, Marketing, Media, Software, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 100
Target EBITDA 1 5
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 13 - - - - - 13
vol $30M $30M
Sell (0.0/yr) # 6 - - - - - 6
vol $19M $19M
  19

Most Recent M&A

Company Date Value Type
Aeration Industries International LLC 2018-03-06 - Trade Sale
Chaska, Minnesota · www.aireo2.com
Altimate Medical, Inc. 2017-12-07 - Secondary Buyout
Morton, Minnesota · www.altimatemedical.com
Massman Automation Designs LLC 2016-05-02 - Stake Purchase
Villard, Minnesota · www.themassmancompanies.com
XL Specialized Trailers, Inc. 2016-02-05 - Trade Sale
Manchester, Iowa · www.xlspecializedtrailer.com
Circuit Check, Inc. 2015-12-23 - Secondary Sale
Maple Grove, Minnesota · www.circuitcheck.com
WebEquity Solutions LLC 2014-06-09 - Trade Sale
Omaha, Nebraska · www.webequitysolutions.com
Geo-Comm, Inc. 2013-05-20 - Stake Purchase
St. Cloud, Minnesota · www.geocomm.com
Hoonuit LLC 2012-04-12 19M USD Secondary Sale
Minneapolis, Minnesota · www.hoonuit.com
Asset Recovery Corp. 2012-02-27 - Trade Sale
St. Paul, Minnesota · www.assetrecoverycorp.com
Aeration Industries International LLC 2010-12-31 - Growth Capital
Chaska, Minnesota · www.aireo2.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Dezurik, Inc. 2004-12-31 Red Valve Co., Inc. 2021-01-01 2
Sartell, Minnesota · www.dezurik.com Pittsburgh, Pennsylvania · www.redvalve.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (29%) 30M (100%) 2 (15%) 30M (100%)
Environmental - - 2 (15%) -
Semiconductors 1 (14%) - 2 (15%) -
Internet Software and Services - - 1 (8%) -
Life Science 1 (14%) - 1 (8%) -
Machinery - - 1 (8%) -
Medical Products 1 (14%) - 1 (8%) -
Packaging 1 (14%) - 1 (8%) -
Software 1 (14%) - 1 (8%) -
Test/Measurement Equipment - - 1 (8%) -
Total 7 $30M 13 $30M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) 30M (100%) 13 (100%) 30M (100%)
  Minnesota 7 (100%) 30M (100%) 11 (85%) 30M (100%)
  Nebraska - - 1 (8%) -
  Iowa - - 1 (8%) -
Total 7 $30M 13 $30M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 1 (14%) - 4 (31%) -
Buyout (LBO, MBO, MBI) 1 (14%) - 3 (23%) -
Secondary Buyout 1 (14%) - 2 (15%) -
Stake Purchase 2 (29%) - 2 (15%) -
Divestiture 1 (14%) 30M (100%) 1 (8%) 30M (100%)
Recapitalization 1 (14%) - 1 (8%) -
Total 7 $30M 13 $30M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (50%) -
Secondary Sale 2 (33%) 19M (100%)
Trade Sale - Public Company 1 (17%) -
Total 6 $19M

Deal Values

buy # Total
< $100M 1 $30M
TOTAL $30M
Largest Dezurik, Inc.
$30M (2004-12-31)
sell # Total
< $100M 1 $19M
TOTAL $19M
Largest Hoonuit LLC
$19M (2012-04-12)

M&A Connections

Deals
Acquired from
Investor(s)
15%
2 (15%)
Strategic(s)
8%
1 (8%)
Exited to
Investor(s)
17%
1 (17%)
Strategic(s)
67%
4 (67%)

FAQ

When was Granite Partners founded?

Granite Partners was founded in 2002.

What type of investor is Granite Partners?

Granite Partners is a private equity firm.

Where is Granite Partners headquartered?

Granite Partners is headquartered in St. Cloud, Minnesota.

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