M&A Deal Summary

JMC Capital Partners, Great River Capital Partners and GarMark Partners Acquire Pro-Vision Video Systems

On September 6, 2019, private equity firm JMC Capital Partners, private equity firm Great River Capital Partners and mezzanine finance firm GarMark Partners acquired technology hardware company Pro-Vision Video Systems

Acquisition Highlights
  • This is JMC Capital Partners’ 1st, Great River Capital Partners’ 1st and GarMark Partners’ 1st transaction in the Technology Hardware sector.
  • This is JMC Capital Partners’ 5th, Great River Capital Partners’ 1st and GarMark Partners’ 26th transaction in the United States.
  • This is JMC Capital Partners’ 1st, Great River Capital Partners’ 1st and GarMark Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2019-09-06
Target Pro-Vision Video Systems
Sector Technology Hardware
Buyer(s) JMC Capital Partners
Great River Capital Partners
GarMark Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Pro-Vision Video Systems

Byron Center, Michigan, United States
website
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.

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Buyer(S) 3

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 5 of 6
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Michigan) 1 of 1
Country (United States) 5 of 6
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 SFE Partners

Woburn, Massachusetts, United States

SFE Partners is a provider of revenue and B2B sales consulting services to the technology sector and private equity portfolio companies. SFE Partners is focused on driving sales efficiency for SaaS, technology, and private equity firms. SFE Partners was founded in 2006 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Green Cubes

Kokomo, Indiana, United States

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.

Buy -
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 1 of 3
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Green Cubes

Kokomo, Indiana, United States

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.

Buy -
Buyer

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 28 of 34
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (Michigan) 2 of 2
Country (United States) 26 of 32
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Phoenix Products

Milwaukee, Wisconsin, United States

Phoenix Products is a manufacturer of rugged industrial lighting products. Phoenix Products was founded in 1892 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Avision

Hershey, Pennsylvania, United States

Avision provides comprehensive consulting and training to facility managers, foodservice operators, and distributor customers. Avision is based in Hershey, Pennsylvania.

Buy -