M&A Deal Summary |
|
|---|---|
| Date | 2011-11-02 |
| Target | Vermont Composites |
| Sector | Manufacturing |
| Buyer(s) | Kaman |
| Sellers(s) | Convergent Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Dentons (Legal) |
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Kaman conducts business in the aerospace & defense, industrial, and medical markets. The company produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs, and contacts; wheels, brakes, and related hydraulic components for helicopters, fixed-wing, and UAV aircraft; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification, and support of its SH-2G Super Seasprite maritime helicopters; support of its heavy lift K-MAX manned helicopter; and development of the KARGO UAV unmanned aerial system, a purpose-built autonomous medium lift logistics vehicle. Kaman was formed in 1945 and is based in Bloomfield, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 19 |
| Sector (Manufacturing) | 1 of 3 |
| Type (Add-on Acquisition) | 11 of 17 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 6 of 13 |
| Year (2011) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-14 |
Plains Bearing
Lubbock, Texas, United States Plains Bearing Corp. is a full line bearing and power transmission distributor with one location in Lubbock, Texas. Plains Bearing serves a broad range of customers in West Texas, primarily in the food processing, petrochemical and agriculture industries. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-19 |
Catching FluidPower
Bolingbrook, Illinois, United States Catching FluidPower, Inc. is a distributor of fluid power products based in Bolingbrook, Illinois. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 42 |
| Sector (Manufacturing) | 4 of 7 |
| Type (Add-on Acquisition) | 5 of 13 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 21 of 42 |
| Year (2011) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-07 |
Clinkenbeard
South Beloit, Illinois, United States Clinkenbeard & Associates, Inc. offers prototyping and production of complex cast and machined parts for the aerospace, heavy truck, industrial, power generation, and agriculture markets. Clinkenbeard produces part quantities that range from a single unit to low volume production. Clinkenbeard & Associates was founded in 1966 and is based in South Beloit, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-01 |
United Record Pressing
Nashville, Tennessee, United States United Record Pressing, LLC is a provider of services relating to record production including vinyl record pressing, plating, lacquer mastering, jacket and label printing, packaging, and fulfillment. |
Sell | - |
