M&A Deal Summary

Milestone Partners Acquires Martex Fiber

On April 30, 2012, private equity firm Milestone Partners acquired environmental company Martex Fiber

Acquisition Highlights
  • This is Milestone Partners’ 1st transaction in the Environmental sector.
  • This is Milestone Partners’ 27th transaction in the United States.
  • This is Milestone Partners’ 3rd transaction in South Carolina.

M&A Deal Summary
Date 2012-04-30
Target Martex Fiber
Sector Environmental
Buyer(s) Milestone Partners
Deal Type Recapitalization
Advisor(s) Blank Rome (Legal)

Target

Martex Fiber

Spartanburg, South Carolina, United States
website
Martex Fiber sources textile waste primarily from large apparel manufacturing cut-and-sew operations and converts the waste into higher-valued remanufactured fiber materials. Martex Fiber was founded in 1970 and is based in Spartanburg, South Carolina.

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Buyer(S) 1

Buyer

Milestone Partners

Villanova, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. The Firm's target revenue size is $10 to $250 million. Milestone prefers companies with growth potential and proven management. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. Milestone Partners was formed in 1995 and is based in Villanova, Pennsylvania.

DEAL STATS #
Overall 27 of 40
Sector (Environmental) 1 of 1
Type (Recapitalization) 5 of 6
State (South Carolina) 3 of 4
Country (United States) 27 of 39
Year (2012) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-16 Image API

Tallahassee, Florida, United States

Image API is a provider of electronic content management solutions and related outsourced services to state and local government agencies. Image API was founded in 1993 and is based in Tallahassee, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Heights Finance

Greenville, South Carolina, United States

Heights Finance is a consumer finance company that provides attractive, easy-to-understand installment loan and related insurance products primarily to customers with limited access to credit from banks and credit card companies. Heights Finance was founded in 1953 and is based in Greenville, South Carolina.

Buy -
Mergr

Product

Company

Legal