M&A Deal Summary

Mill Point Capital and Norwest Mezzanine Partners Acquire MPP

On May 5, 2016, private equity firm Mill Point Capital and mezzanine finance firm Norwest Mezzanine Partners acquired manufacturer MPP

Acquisition Highlights
  • This is Mill Point Capital’s 1st and Norwest Mezzanine Partners’ 5th transaction in the Manufacturing sector.
  • This is Mill Point Capital’s 3rd and Norwest Mezzanine Partners’ 62nd transaction in the United States.
  • This is Mill Point Capital’s 1st and Norwest Mezzanine Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2016-05-05
Target MPP
Sector Manufacturing
Buyer(s) Mill Point Capital
Norwest Mezzanine Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

MPP

Noblesville, Indiana, United States
website
MPP is a provider of custom-engineered powder metallurgy product solutions to customers in a variety of industries. MPP was founded in 1946 and is based in Noblesville, Indiana.

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Buyer(S) 2

DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 3 of 24
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 8
State (Indiana) 1 of 1
Country (United States) 3 of 23
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Atlantix Global Systems

Norcross, Georgia, United States

Atlantix Global Systems LLC is a secondary market hardware supplier with extensive refurbishment, sourcing, distribution and maintenance service capabilities. CXtec creates world-class brands of hardware, maintenance and support alternatives allowing its customers to maximize their technology lifecycle. Its brand of equal2new certified pre-owned networking and voice equipment is backed by an industry-leading lifetime warranty. Its IT asset disposition services maximize the value of used technology. Its RapidCare third-party maintenance offering provides an alternative to OEM support at a fraction of the cost.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Huntington Solutions

Greer, South Carolina, United States

Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), and other advanced resins. Huntington Solutions was founded in 1992 and is based in Greer, South Carolina.

Buy -
Buyer

Norwest Mezzanine Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 64 of 88
Sector (Manufacturing) 5 of 9
Type (Buyout (LBO, MBO, MBI)) 20 of 22
State (Indiana) 1 of 1
Country (United States) 62 of 85
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 West Star Aviation

East Alton, Illinois, United States

West Star Aviation is a provider of maintenance, repair, and overhaul (“MRO”) and related support services to the business aviation industry. All aspects of aviation maintenance and total product rebuild from propjet to large jet products. West Star Aviation was founded in 1952 and is based in East Alton, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 DBi Services

Hazleton, Pennsylvania, United States

DBi Services provides infrastructure maintenance, operations and management solutions in North America and Europe for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. DBi Services was founded in 1978 and is based in Hazleton, Pennsylvania.

Buy -