M&A Deal Summary

Lee Equity Partners and Twin Point Capital Acquire Alliance

On September 13, 2021, private equity firms Lee Equity Partners and Twin Point Capital acquired distribution company Alliance from Ironbridge Equity Partners

Acquisition Highlights
  • This is Lee Equity Partners’ 1st and Twin Point Capital’s 1st transaction in the Distribution sector.
  • This is Lee Equity Partners’ 2nd and Twin Point Capital’s 1st transaction in Canada.
  • This is Lee Equity Partners’ 1st and Twin Point Capital’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-09-13
Target Alliance
Sector Distribution
Buyer(s) Lee Equity Partners
Twin Point Capital
Sellers(s) Ironbridge Equity Partners
Deal Type Secondary Buyout
Advisor(s) D.A. Davidson & Co. (Financial)
Davies Ward Phillips & Vineberg LLP (Legal)

Target

Alliance

Mississauga, Ontario, Canada
website
Alliance is a distributor and manufacturer of products and solutions including cabling, assemblies, antennas and related active and passive connectivity componentry to support wireless, broadband, broadcast and wireline networks for the North American market. Alliance is based in Mississauga, Ontario.

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Buyer(S) 2

Buyer

Lee Equity Partners

New York, New York, United States

website

Category Private Equity Firm
Founded 2006
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.

DEAL STATS #
Overall 28 of 36
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 10 of 12
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Summit Behavioral Healthcare

Franklin, Tennessee, United States

Summit Behavioral Healthcare provides substance use disorder and acute psychiatric care at 24 facilities across 16 states. Summit Behavioral Healthcare was founded in 2013 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 K-MAC Enterprises

Fayetteville, Arkansas, United States

K-MAC is a YUM! franchisee, operating over 140 Taco Bell and KFC restaurants in Missouri, Oklahoma, and Texas. The company also operates golden corral restaurant franchises in Missouri. K-MAC Enterprises was founded in 1964 and is based in Fayetteville, Arkansas.

Sell -
Buyer

Twin Point Capital

website

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Twin Point Capital is a principal investment firm that looks for opportunities across the US. The Firm was formed in 2015 and is headquartered in Palo Alto, California.

DEAL STATS #
Overall 3 of 4
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-09 Frontpoint Security

Sterling, Virginia, United States

Frontpoint Security provides state of the art home security, life safety and smart home automation products and services. Frontpoint Security was founded in 2007 and is based in Sterling, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 TESSCO Technologies

Hunt Valley, Maryland, United States

TESSCO Technologies is an entity which makes wireless works. TESSCO Technologies enables organizations to capitalize on these opportunities while providing an extraordinary business experience. Company deliver the knowledge, product and supply-chain solutions required to build, use, and resell wireless voice, data and video systems. TESSCO Technologies was founded in 1982 and is based in Hunt Valley, Maryland.

Buy $161M

Seller(S) 1

SELLER

Ironbridge Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 700M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironbridge Equity Partners (IEP) is a private equity investor in middle-market Canadian companies. IEP targets profitable companies with motivated management, 'history of positive earnings strong competitive positions within industry niche, and opportunities growth (organic or through acquisitions). IEP looks to invest at least $15 million in transactions valued up to $50 million. Areas of interest include manufacturing, distribution, consumer products/services, and business services. The Firm will not invest in real estate, natural resources, and technology. Ironbridge Equity Partners was formed in 2005 and is based in Toronto.

DEAL STATS #
Overall 8 of 11
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 4 of 5
State (Ontario) 3 of 4
Country (Canada) 8 of 11
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Cendrex

Montréal, Quebec, Canada

Cendrex designs and manufactures quality-rated and non-rated access doors, roof hatches, floor hatches, and mailboxes. Cendrex was founded in 1985 and is based in Montréal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Thermogenics

Aurora, Ontario, Canada

Thermogenics is a manufacturer of coil-tube steam and hot-water boilers and related equipment used in industrial, commercial, and institutional applications in the North American market. Thermogenics was founded in 1975 and is based in Aurora, Ontario.

Sell -
Mergr

Product

Company

Legal