M&A Deal Summary

SagePeak Capital Acquires ENMET

On November 23, 2020, private equity firm SagePeak Capital acquired test/measurement equipment company ENMET from Benford Capital Partners

Acquisition Highlights
  • This is SagePeak Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is SagePeak Capital’s 1st transaction in the United States.
  • This is SagePeak Capital’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-11-23
Target ENMET
Sector Test/Measurement Equipment
Buyer(s) SagePeak Capital
Sellers(s) Benford Capital Partners
Deal Type Secondary Buyout

Target

ENMET

Ann Arbor, Michigan, United States
website
ENMET is a manufacturer of gas detection equipment for the industrial, medical, and aerospace & defense markets. ENMET was founded in 1970 and is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

SagePeak Capital

Investor

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

SagePeak Capital is a private equity firm focused on acquiring lower middle-market companies operating in basic industries. The Firm targets profitable companies with $5 to $40 million in revenue. Sectors of interest include industrial products/services, financial services, defense, healthcare, consumer products, and education. The Firm will consider opportunities throughout the US and Canada. Prospective transaction situations include traditional buyouts, generational transfers, recapitalizations, and corporate divestitures. SagePeak Capital was formed in 2013 and is based in Marblehead, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 7
Sector (Test/Measurement Equipment) 2 of 2
Type (Secondary Buyout) 1 of 2
State (Michigan) 1 of 1
Country (United States) 4 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 U.S. Underwater

Mansfield, Texas, United States

U.S. Underwater is a provider of underwater inspection and maintenance & repair services. The company serves inland and offshore markets. U.S. Underwater was founded in 1988 and is based in Mansfield, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Brothers International Food Holdings

Rochester, New York, United States

Brothers International Food Holdings is a full-service direct importer, distributor, and supplier of bulk packaged ingredients for the food and beverage industry. Brothers International Food Holdings was founded in 2001 and is based in Rochester, New York.

Buy -
Mergr

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