M&A Deal Summary |
|
|---|---|
| Date | 2020-11-19 |
| Target | Incorp |
| Sector | Construction |
| Buyer(s) |
Lowe Capital Management
NewSpring Capital Parkway Capital Midwest Growth Partners |
| Deal Type | Buyout (LBO, MBO, MBI) |
| Advisor(s) | Brown Gibbons Lang & Co. (Financial) |
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Lowe Capital Management is a private investment firm focused on acquiring lower middle-market US-based companies with at least $10 million in sales and $2 million of EBITDA. The Firm has a preference for growth-oriented companies with strong management in place and operating in fragmented industries. Sectors of interest include business services, industrial services, value-added distribution, and consumer products/services. Lowe Capital Management is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Construction) | 1 of 1 |
| Type (Buyout (LBO, MBO, MBI)) | 1 of 1 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 146 of 184 |
| Sector (Construction) | 2 of 5 |
| Type (Buyout (LBO, MBO, MBI)) | 29 of 37 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 144 of 180 |
| Year (2020) | 14 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-16 |
Atlantic Metro Communications
Parsippany, New Jersey, United States Atlantic Metro Communications, Inc. is an infrastructure service provider delivering innovative IT solutions to businesses nationwide. Atlantic Metro combines cloud hosting, colocation services, and network connectivity solutions with round-the-clock managed services so you can improve operational efficiency and scale your business as needed. Atlantic Metro Communications was founded in 2007 and is based in Parsippany, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-08 |
Lor-Mar Mechanical Services
Pennsauken, New Jersey, United States Lor-Mar Mechanical Services is an HVAC mechanical contractor for commercial and industrial customers. Lor-Mar has two divisions: Construction and Service. Construction provides HVAC, Plumbing and Sheet Metal Design and Installation. Service provides HVAC and Plumbing Maintenance, Repair, and Installation. Lor-Mar Mechanical Services was founded in 1997 and is based in Pennsauken, New Jersey. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 24 |
| Sector (Construction) | 1 of 1 |
| Type (Buyout (LBO, MBO, MBI)) | 10 of 10 |
| State (Indiana) | 1 of 2 |
| Country (United States) | 13 of 23 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-20 |
Potter Electric
St. Louis, Missouri, United States Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric Signal offers the industry’s largest portfolio of sprinkler monitoring devices in addition to designing and manufacturing fire alarm systems and nitrogen-based corrosion prevention systems. Potter Electric Signal was founded in 1898 and is based in St. Louis, Missouri. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-16 |
Pools on the Gulf
Mobile, Alabama, United States Pools on the Gulf designs, installs, and services in-ground swimming pools in several markets along the gulf coast of Alabama and the Florida Panhandle. Pools on the Gulf is the largest franchisee within the Blue Haven Pools franchisor network. Pools on the Gulf was founded in 2000 and is based in Mobile, Alabama. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| PE ASSETS | 325M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Midwest Growth Partners is a private equity firm focused on investing in established, growing businesses throughout rural areas across the country. The Firm targets businesses operating in the food, agriculture, manufacturing, and distribution sectors with $4 to $100 million in revenue. Midwest Growth Partners provides a variety of debt and equity capital and seeks to commit $500k to $10 million per investment. Midwest Growth Partners was formed in 2013 and is headquartered in Des Moines, Iowa.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 15 |
| Sector (Construction) | 2 of 3 |
| Type (Buyout (LBO, MBO, MBI)) | 3 of 3 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 7 of 15 |
| Year (2020) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-02 |
FAST
Windom, Minnesota, United States FAST is a manufacturer of innovative liquid fertilizer applicators, sprayers, specialty trailers, tanks, and related agricultural equipment. FAST was founded in 1990 and is based in Windom, Minnesota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-23 |
Parallel Ag
Chickasha, Oklahoma, United States Parallel Ag is a distributor of agricultural equipment, parts, service and support for farmers. Parallel Ag also services fertilizer dealers, custom applicators and the construction industry. Parallel Ag is based in Chickasha, Oklahoma. |
Buy | - |
