M&A Deal Summary

JMC Capital Partners and Great River Capital Partners Acquire Green Cubes

On March 5, 2020, private equity firms JMC Capital Partners and Great River Capital Partners acquired electrical equipment company Green Cubes

Acquisition Highlights
  • This is JMC Capital Partners’ 2nd and Great River Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is JMC Capital Partners’ 6th and Great River Capital Partners’ 2nd transaction in the United States.
  • This is JMC Capital Partners’ 1st and Great River Capital Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2020-03-05
Target Green Cubes
Sector Electrical Equipment
Buyer(s) JMC Capital Partners
Great River Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Green Cubes

Kokomo, Indiana, United States
website
Green Cubes is a designer and manufacturer of reliable lithium-ion battery systems for the industrial, motive, medical, and ground support equipment markets. Green Cubes provides lithium-ion battery systems to both original equipment manufacturers (OEMs) and end-users who are seeking cleaner, more efficient, and user-friendly rechargeable lithium-ion technology. Green Cubes was founded in 1986 and is based in Kokomo, Indiana.

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Buyer(S) 2

Buyer
DESCRIPTION

JMC Capital Partners is an operationally oriented private equity firm focused on acquiring and building niche companies in fragmented industries. The Firm pursues platform companies with $5 to $35 million in revenue and will consider opportunities throughout North America. Sectors of interest include specialty packaging, test/measurement devices, ruggedized devices, building automation, thermal management, air & liquid filtration, fluid handling, smart city hardware, specialty coatings, process instrumentation, and industrial valves. JMC Capital Partners was established in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 6 of 6
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Indiana) 1 of 1
Country (United States) 6 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Pro-Vision Video Systems

Byron Center, Michigan, United States

Pro-Vision Video Systems design manufactures, and installs rugged rear vision and video recording systems, body-worn cameras, and video management software for commercial, law enforcement, and transit applications. Pro-Vision Video Systems was founded in 2003 and is based in Byron Center, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Source Code

Milford, Massachusetts, United States

Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

Sell -
DESCRIPTION

Great River Capital Partners (GRCP) is a private investment firm seeking lower-market, founder or family-owned businesses in North America. GRCP has a specific investment focus on companies in industrial technology and tech-enabled services. The Firm prefers businesses with repeat or recurring sources of revenue and products/services with leading market positions. Prospective companies typically have revenues of $8 to $30 million and EBITDA of at least $1 million. Great River Capital Partners was founded in 2020 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 3
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Pro-Vision Video Systems

Byron Center, Michigan, United States

Pro-Vision Video Systems design manufactures, and installs rugged rear vision and video recording systems, body-worn cameras, and video management software for commercial, law enforcement, and transit applications. Pro-Vision Video Systems was founded in 2003 and is based in Byron Center, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Conductive Containers

New Hope, Minnesota, United States

Conductive Containers is a manufacturer of electrostatic discharge (ESD) packaging products for the electronics, medical, defense, and industrial markets. Conductive Containers was founded in 1978 and is based in New Hope, Minnesota.

Buy -