M&A Deal Summary

Harren Equity Partners Acquires Virginia Tile

On December 19, 2014, private equity firm Harren Equity Partners acquired distribution company Virginia Tile

Acquisition Highlights
  • This is Harren Equity Partners’ 1st transaction in the Distribution sector.
  • This is Harren Equity Partners’ 24th transaction in the United States.
  • This is Harren Equity Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2014-12-19
Target Virginia Tile
Sector Distribution
Buyer(s) Harren Equity Partners
Deal Type Recapitalization

Target

Virginia Tile

Sterling Heights, Michigan, United States
website
Virginia Tile is an independent distributor of ceramic, porcelain, and natural stone tile in the Great Lakes region of the United States. Virginia Tile was founded in 1928 and is based in Sterling Heights, Michigan.

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Buyer(S) 1

Buyer

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.

DEAL STATS #
Overall 25 of 31
Sector (Distribution) 1 of 1
Type (Recapitalization) 13 of 19
State (Michigan) 1 of 1
Country (United States) 24 of 30
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Vaupell

Seattle, Washington, United States

Vaupell, Inc. is a supplier of cosmetic-grade, advanced polymer interior components for the aerospace industry and an industry leader in manufacturing highly engineered, technical plastic components and assemblies. The Company focuses on niche markets and applications that demand superior engineering and manufacturing processes for the tight tolerance requirements of the aerospace, medical products, transportation, and consumer products industries.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-18 Huskie Tools

Glendale Heights, Illinois, United States

Huskie Tools, Inc. is a provider of professional-grade, battery-operated hydraulic hand tools, hoists and related accessories that are used by linemen in the electric utility industry and in broader industrial end markets.

Sell -
Mergr

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