M&A Deal Summary

Harbour Group Acquires Lindstrom Metric

On July 13, 2011, asset manager Harbour Group acquired distribution company Lindstrom Metric from Norwest Equity Partners

Acquisition Highlights
  • This is Harbour Group’s 3rd transaction in the Distribution sector.
  • This is Harbour Group’s 23rd transaction in the United States.
  • This is Harbour Group’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2011-07-13
Target Lindstrom Metric
Sector Distribution
Buyer(s) Harbour Group
Sellers(s) Norwest Equity Partners
Deal Type Secondary Buyout

Target

Lindstrom Metric

Blaine, Minnesota, United States
website
Lindstrom Metric LLC is a distributor and importer of metric fasteners. Lindstrom Metric sells its products exclusively through distributors. Lindstrom Metric was founded in 1972 and is based in Blaine, Minnesota.

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Buyer(S) 1

Buyer

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $60 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 23 of 39
Sector (Distribution) 3 of 5
Type (Secondary Buyout) 11 of 18
State (Minnesota) 1 of 3
Country (United States) 23 of 38
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Lincoln Industrial

St. Louis, Missouri, United States

Lincoln Industrial Corp. manufactures and distributes lubrication and pumping systems. The company offers railroad lubrications, fittings and installation components, hose reels, grease guns, and fluid controls and systems. Additionally, it provides control valves and meters, and lubrication pumps such as air operated ejectors, thermal pressure devices, and pressure primers.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-12 CPS Products

Miramar, Florida, United States

CPS Products, Inc. manufactures tools, equipment, and instruments used by professional technicians who service commercial HVAC and automotive air conditioning systems. CPS Products was founded in 1989 and is based in Miramar, Florida.

Buy -

Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 16 of 50
Sector (Distribution) 2 of 4
Type (Secondary Buyout) 6 of 23
State (Minnesota) 3 of 11
Country (United States) 16 of 49
Year (2011) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 SPIE

Cergy-Pontoise, France

SPIE is a provider of multi-technical contracting services in France providing electrical, heating ventilation and air conditioning servicing and mechanical engineering to a wide range of end markets. SPIE was founded in 1900 and is based in Cergy-Pontoise, France.

Buy €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Momentum Group

Irvine, California, United States

Momentum Group distributes fabric to commercial furniture manufacturers as well as architectural and design firms that serve the office, hospitality, education and healthcare markets.

Buy -