Investment Summary

Kayne Anderson Capital Advisors and LaSalle Capital Invest In Avantech Testing Services

On September 1, 2013, asset manager Kayne Anderson Capital Advisors and private equity firm LaSalle Capital invested in test/measurement equipment company Avantech Testing Services

Investment Highlights
  • This is Kayne Anderson Capital Advisors’ 1st and LaSalle Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Kayne Anderson Capital Advisors’ 93rd and LaSalle Capital’s 45th transaction in the United States.
  • This is Kayne Anderson Capital Advisors’ 52nd and LaSalle Capital’s 2nd transaction in Texas.

Investment Summary

Date 2013-09-01
Target Avantech Testing Services
Sector Test/Measurement Equipment
Investor(s) Kayne Anderson Capital Advisors
LaSalle Capital
Deal Type Growth Capital

Target

Avantech Testing Services

Linden, Texas, United States
website
Avantech Testing Services is a provider of non-destructive testing (NDT) services and equipment. The Company is pursuing a buy-and-build strategy to develop a leading, diversified NDT and inspection services provider to the energy, infrastructure, transportation, and aerospace industries. Avantech Testing Services was founded in 2012 and is based in Linden, Texas.

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Investor(S) 2

Investor

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1984
PE ASSETS 8.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 102 of 171
Sector (Test/Measurement Equipment) 1 of 1
Type (Growth Capital) 12 of 49
State (Texas) 52 of 67
Country (United States) 93 of 154
Year (2013) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-01 Panther Energy Company II

Tulsa, Oklahoma, United States

Panther Energy Company II is a private exploration and production company based in Tulsa, Oklahoma formed to pursue development drilling opportunities in oil-weighted basins across North America, primarily focusing on the Mid-Continent and Rockies regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Outrigger Energy

Denver, Colorado, United States

Outrigger Energy is a private, full service midstream energy company specializing in grass roots project development as well as strategic asset acquisitions. Outrigger Energy currently focused in liquid-rich natural gas and crude oil basins in the Rockies, West Texas, and Mid-Continent areas. Outrigger Energy is based in Denver, Colorado.

Buy -
Investor

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 47 of 59
Sector (Test/Measurement Equipment) 1 of 1
Type (Growth Capital) 2 of 5
State (Texas) 2 of 2
Country (United States) 45 of 57
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Precision Products Group

College Park, Maryland, United States

Precision Products Group with operations in the U.S and China is the parent company of Paramount Tube (Paramount) and Euclid Medical Products (Euclid). PPG is a manufacturer of precision tube and spring products for automotive, electrical insulation, medical and pharmaceutical, specialty packaging, and many other industrial and consumer products. Precision Products Group was founded in 1980 and is based in College Park, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 Metasource

Draper, Utah, United States

Metasource is a provider of technology-enabled BPO services with a focus on the financial services, healthcare, and retail industries. MetaSource offers a full range of services, including document processing, customer care, and content management solutions delivered via premise-based and SaaS-based platforms designed to help customers achieve organizational efficiencies, cost savings, and other strategic benefits. Metasource was founded in 2007 and is based in Draper, Utah.

Buy -