Investment Summary

Satori Capital Invests In Able Machinery Movers

On January 11, 2019, private equity firm Satori Capital invested in machinery company Able Machinery Movers

Investment Highlights
  • This is Satori Capital’s 1st transaction in the Machinery sector.
  • This is Satori Capital’s 11th transaction in the United States.
  • This is Satori Capital’s 5th transaction in Texas.
Investment Fate
  • Able Machinery Movers was sold to a strategic buyer in 2024.

Investment Summary
Date 2019-01-11
Target Able Machinery Movers
Sector Machinery
Investor(s) Satori Capital
Deal Type Growth Capital

Target

Able Machinery Movers

Grapevine, Texas, United States
website
Able Machinery Movers is a heavy machinery moving and rigging company that serves customers in a variety of sectors, including manufacturing, medical, semiconductor, food, and beverage. Able prioritizes completing projects safely, on time, and within budget, and its customers rely on Able’s experience placing machinery in areas with limited maneuverability, as well as its ability to work in sensitive environments such as data centers, clean rooms, and hospitals. Able Machinery Movers was founded in 1957 and is based in Grapevine, Texas.

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Investor(S) 1

Investor

Satori Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2008
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Satori Capital is a private investment firm that looks to partner with management teams to pursue profitable, growth-oriented companies with $5 to $50 million of EBITDA. The Firm does not have any sector preferences and generally looks for situations where there is an opportunity for accelerated growth. The Firm will consider majority or minority positions and prefers businesses operating in the US. Satori Capital was formed in 2008 and is based in Dallas, Texas.

DEAL STATS #
Overall 11 of 17
Sector (Machinery) 1 of 2
Type (Growth Capital) 3 of 9
State (Texas) 5 of 7
Country (United States) 11 of 17
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 The Lovesac

Stamford, Connecticut, United States

The Lovesac is an omnichannel retailer of patented furniture products. Lovesac designs furniture for real life, including Sactionals, extremely modular, washable sectional sofas; Sacs®, high end, foam-filled bean bag chairs; and other comfy lifestyle products. The Lovesac was founded in 1995 and is based in Stamford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Hobo

Annapolis, Maryland, United States

Hobo is a designer and manufacturer of branded craft leather bags, leather accessories. the company products are handbags, wallets, jackets, office bags and travel bags. Hobo was founded in 1991 and is based in Annapolis, Maryland.

Buy -
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